Smart lighting technology matures, global market size will exceed 40 billion U.S. dollars
The concept of smart lighting has been proposed in the industry for many years. With the rapid development of Internet of Things technology and mobile internet technology centered on wireless and mobile phone technologies, smart lighting is no longer "thunder and rain." Judging from the current development of the smart lighting industry, companies have cross-border joint efforts to promote the development of the industry. The future market growth potential of smart lighting is huge, and each manufacturer has its own consideration in product layout.
Technology giants and lighting companies cross-border alliances to promote the rapid development of smart lighting. Internet companies have advantages in high-speed interconnection and cloud data. Lighting companies understand the characteristics of electricity, optical characteristics, etc. The essence of cross-industry alliances is that they complement each other's advantages and each takes what they need. Lighting manufacturers provide hardware products, lamps and light sources, control system manufacturers provide software and hardware products, control systems/central control equipment, platform manufacturers provide software and hardware platforms, Internet software interfaces and related value-added services, including communication operators, e-commerce platforms, and IT Enterprises, Internet companies, etc.
The market compound growth rate exceeds 25%, and the industrial and commercial lighting market accounts for the largest proportion. According to the statistics of OFweek Industry Research Institute, the global smart lighting market was worth 16.6 billion U.S. dollars in 2018. As energy-saving issues become more prominent, the price of LED components decreases, and emerging advanced technologies such as the Internet of Things (IoT) and connected devices are added. With the active promotion of manufacturers and the construction of smart cities, the compound growth rate of the smart lighting market is expected to exceed 25% in the next few years, and it will exceed US$40 billion by 2022. Among the various application fields of intelligent lighting, industrial and commercial lighting accounts for the largest proportion, including industrial/factory lighting, shopping mall/shop/shopping center lighting, hotel lighting, supermarket chain lighting, office building lighting, etc.
The technology is ready, and each manufacturer has its own consideration in product layout areas. From the perspective of the product layout of lighting manufacturers, Signify has a comprehensive layout, involving industrial and commercial, home, outdoor and other application fields; lighting manufacturers mostly use smart home lighting as their entry point, and very few companies use smart street lights as their entry point.
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