
Correspondingly, the rising popularity of
wireless technology in lighting solutions is thus considered to be one of the
major reasons driving the smart lighting market. The wireless lighting
solutions are easy to control and help its customers to attain maximum energy
saving.
Pune, India-based
The Insight Partners issued a report last month that calls out the emergence of
the smart lighting industry.
What is it?
Fancying themselves as the industry research provider of "actionable
intelligence", The Insight Partners defines smart lighting as a technology that enables its users to govern
the lighting of any space without being surrounded by unnecessary wires.They
call out in their 198 page report that Smart lighting is a part of upcoming IoT
technology, facilitating mobile and sensor based control on the luminosity of
lights in a particular space. Additionally, they claim that the intelligent
connected lighting offers its users a eco-friendly environment and effectively
reduces the consumption of energy. Based on their research, they surmise that
the global Smart Lighting market is expected to grow at a compound annual
growth rate of 17.1% between now and 2025 and would grow into a $51 billion
industry into the next decade.
The report wisely notes that the global smart lighting
market is fragmented based on geographical area and the types of lighting being
used across commercial and residential applications in those areas. Whether it
be from Light Emitting Diode (LED) Lamps, Fluorescent Lamps, Compact
Fluorescent Lamps (CFL) to High Intensity Discharge Lamps, the usage of these lamps will vary across the
globe with many developing countries in the region of Middle East and Africa
expected to have the highest growth.

The prospects are peaking the interests of many tech
companies and the lighting manufacturing giants who have been switching their
product portfolio to wireless smart lighting solutions.
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