GLEN ALLEN, Va., March 19, 2012 /PRNewswire/ -- Industry analyst firm NanoMarkets today announced that it has published a new white paper that examines the current smart lighting systems market. In a recent NanoMarkets report titled, "Smart Lighting 2012" we have identified this space as potentially reaching $4.5 billion in revenues by 2016 driven by the quest to improve energy efficiency within buildings and homes and meet requirements brought about by government mandates.
However, NanoMarkets believes while the addressable market is substantial, there are no clear leaders in the smart lighting space and that furthermore, the product and market strategies currently being pursued by the industry are insufficient to capitalize on what is possible.
Persons interested in obtaining the paper may download it from the firm's website at: http://www.nanomarkets.net/Downloads/SmartLighting.pdf
About the Report:
The NanoMarkets report, "Smart Lighting 2012" provides an analysis of the worldwide smart lighting market and builds on NanoMarkets' extensive six-year experience of analyzing the solid-state lighting industry. The report shows how new value is being created in the lighting market by adding enhanced electronics and intelligent luminaires and how such product strategies will be able to build on the massive trend towards introducing CFLs, LEDs, OLEDs and other forms of energy efficient lighting.
But while energy efficiency is the major current driver for smart lighting, this report also discusses how NanoMarkets foresees the smart lighting market transcending energy efficiency and generating new revenues from improved aesthetics, and more comfortable and healthy lighting. The report focuses, in particular, on how also these opportunities will emerge within the OLED and LED lighting paradigms. But it also identifies the opportunities that smart lighting will create as it adopts more effective networking strategies and becomes part of a future "Internet of things" and Smart Grid.
Also included in this new report is an analysis of the smart lighting strategies of the firms that NanoMarkets expects to see as major players in the smart lighting space. This includes the major lighting and building automation firms, as well as the slew of new lighting control start-ups that have emerged in the past few years.
In addition, this report provides an insider's view on rapidly developing opportunities throughout the entire smart lighting supply chain including developments in the luminaire sector all the way down to the components level. For example, the report includes detailed coverage of where chip makers and sensor manufacturers will be able to derive the most benefit from the smart lighting "revolution."
Also included in the report is a discussion of the likely evolution of smart lighting standards and their importance to smart lighting market development. In addition, there is an eight-year market forecast with breakouts by type of product and end user market segment. See the NanoMarkets website at: (http://nanomarkets.net/market_reports/report/smart_lighting_2012) for additional details.
NanoMarkets tracks and analyzes emerging market opportunities in energy, electronics and other markets created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts of this kind and has been covering the conductive coatings market in electronics for more than five years.
Visit www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.