2020 global smart lighting market will reach 59.1 billion USD
According to market research firm P & S Market Research, the global smart lighting and control market is expected to grow from $ 22.11 billion in 2014 to $ 59.1881 billion in 2020, a compound annual growth rate of 17.8%. The average selling price of LED bulbs dropping global smart lighting equipment and control market growth. LED lights are much cheaper than any other conventional lighting currently in use. LED lights can improve lighting brightness, reduce power consumption, to reduce production costs. LED lights, the average price has been declining, LED bulb penetration rate gradually increased, and further accelerate the intelligent lighting equipment and control market growth.
Asia-Pacific region to lead the global intelligent lighting equipment and control market, is expected to continue to maintain its leading position. Asia-Pacific smart lighting equipment and control market is expected to continue to grow at the fastest speed. Asia-Pacific growth is higher than other regions, mainly due to the large demand for new construction and strong economic growth, especially in China, a substantial increase in the application of LED lights in the region.
Energy management systems and security and access control systems to promote the smart home market. Smart home with a special connection platform, so that residents can automatically control household equipment. The market has made progress in developed countries, is expected to make further progress in developing countries, governments to strengthen supervision, reduce energy consumption, and enhance consumer awareness of energy conservation.
Intelligent lighting control system to promote the global smart control market. The safety of commercial office buildings has plagued property owners and tenants. How to ensure personal and property safety? Through the integration of intelligent lighting control system, the operator will be through the lighting control, preset timetable, and control the lighting of the switching time, providing a comfortable lighting environment. In addition, in the event of late-night security violations, the area's lights will automatically turn on, activate the camera and record the intruder's behavior, and prompt the operator to take appropriate action. The combination of intelligent lighting and the physical security industry provides a great opportunity for smart devices and the rapid growth of the control market.