NanoMarkets Report Predicts Smart Lighting Systems to Reach $5.9 billion (USD) by 2017
Jan 31, 2012, 10:52 ET
GLEN ALLEN, Va., Jan. 31, 2012 /PRNewswire/ -- In a newly released report, "Smart Lighting 2012," industry analyst firm NanoMarkets forecasts that smart lighting systems will generate $5.9 billion in revenues by 2017. While lighting automation systems have achieved only a modicum of success in the past, NanoMarkets claims that rapidly rising energy costs, improved technology and the shift to energy efficient "lamps" will lead to new products and markets for smart lighting systems.
Additional details about the report are available at www.nanomarkets.net.
About the Report:
This report analyzes the markets for the latest generation of intelligent lighting control systems designed to improve lighting efficiency, aesthetics and consumer comfort and health. Applications sectors covered include industrial/commercial buildings, public/government buildings, the residential sector and outdoor lighting. The report also discusses the use of smart lighting in transportation. The eight-year forecasts are broken out by type of products for each of these application sectors with the products covered being lighting controllers, local intelligence (sensors and intelligent ballasts) and intelligent switches
The report also discusses the strategies of some important suppliers of relevant electrode materials. Companies mentioned include: Acuity Brands, Adura Systems, Beckhoff Automation, Cavet Technologies, Daintree Networks, Digital Lumens, Easylite, EASI, Eaton, Ecoflex, Encelium, Enlighted, Fifth Light, Johnson Controls, GE, Honeywell, Hubbel Lighting Controls, Leviton, Lumenergi, Lumetric, Lutron, Osram, Panasonic, Philips, Redwood Systems, Schneider Electric, Starfield Controls, Trane, Universal Lighting Technologies and Zumtobel.
From the Report:
Smart lighting systems are the first opportunity for firms making luminaire and lighting components to capitalize on the trend towards energy efficiency in lighting. NanoMarkets believes they will seize this opportunity by creating new fixtures, ballasts and switch products with embedded intelligence. Previously the lighting efficiency trend has benefited only firms who manufacture energy efficient "lamps"; that is CFLs, LEDs and OLEDs.
Despite many attempts in the past, lighting automation has failed to take off in the residential market because achievable savings from energy efficiency were not sufficient to justify the upfront costs of lighting automation systems. However, improved sensor and networking technology, coupled with the ability of future lighting systems to offer mood, medical and aesthetic benefits to residential customers have the ability to completely change the value proposition of lighting automation for residential customers and result in smart lighting systems sales to residential sector reaching $2.2 billion by 2017.
The emerging smart lighting industry is badly in need of a firm that can champion the benefits of these new systems to customers, demarcate them for the old lighting automation systems and carve out a distinct and credible smart lighting industry. The score or so of smaller firms that are currently focused on smart lighting systems do not have the resources to become an industry champion, while the large lighting and automation/control firms are only just beginning to ramp up in this space. The firm that seizes this opportunity will have the ability to rapidly build its brand and its market share in a new smart lighting industry.
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 in these areas and has been covering solid-state lighting markets for almost five years.
Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.
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