This Wireless Lighting market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Wireless Lighting market.
Wireless Lighting Market: Introduction
With due course of time and changing consumer need, coined the demand for advanced lighting infrastructure at a various application such as residential, commercials and others. Owing to which the wireless lighting products with inbuilt sensors and controllers come into existence.
The Wireless Lighting Market systems, apart from acting as lighting solution, it serves various another purpose such as occupancy sensing, motion detection and other, which assist consumers in their day to day routine and also helps in reducing electricity bills by limiting and controlling the use of light, if no occupancy is detected. Therefore, with growing need for better lighting solution, the demand for efficient wireless lighting products are projected to increase.
Wireless Lighting Market: Drivers and Restraints
Surge in demand for better and advance lighting infrastructure to save energy is the major factor driving the growth of the wireless lighting market during the forthcoming years. Owing to various benefits associated with wireless lighting solution such as non-destructive installation, mobility, ease of use and others are promoting adoption better lighting infrastructure and thus, act as a major factor spurring the growth of the wireless lighting market. However, the high price of wireless lighting product is the major factor hampering the growth of wireless lighting markets in forthcoming years.
Global Wireless Lighting Market: Competitive Landscape
The major participant associated with wireless lighting market includes Panasonic Corporation, GE Lighting LLC, Schneider Electric S.E, Acuity Brands Lighting, Inc., Hubbell Lighting, Inc., Honeywell International, OSRAM Licht AG, Eaton Corporation, CREE Inc., and Royal Philips NV.
The other players operating in the wireless lighting market includes Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Glamox lighting, Lifi Labs Inc., Switchmate Home LLC., IKEA, Disano Illuminazione S.p.A, and EGLO Leuchten GmbH.
In April 2017, the OSram AG launched SIMPLU X. The product is a wireless lighting control system, which is designed for small- to mid-sized workplace. The SIMPLUX wireless lighting control system can be used in commercial offices, schools, warehouses, and places where adopting a wired solution is complex to achieve.
Global Wireless Lighting Market: Regional Trend
Due to increasing inclination towards the adoption of better lighting products in emerging economies such as China, India is the major reason, significantly promoting the growth of the wireless lighting market. Further, increase in demand for energy efficient lighting solution is the other the key reason driving the adoption of the wireless lighting market during the forecast period.
Wireless lighting products can be installed in those areas, where providing wiring infrastructure is difficult, owing to which the demand for wireless lighting solution is projected to increase in developed regions such as North America and Western Europe.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Wireless Lighting Market: Market Segmentation
Global Wireless Lighting Market can be divided into three segments, on the basis of Product, Application, and Region.
Segmentation on the basis of the Product of Wireless Lighting Market as:-
Segmentation on the basis of the Application for Wireless Lighting Market as:-
- Commercial Buildings
- Government offices and building
- Street Lighting
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Wireless Lighting Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Wireless Lighting Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Wireless Lighting Market report?
In addition to up-to-date market figures and customized of the Wireless Lighting Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.