Global Wireless Lighting Market Overview:
Wireless lighting refers to the type of lighting which can be controlled wirelessly without using the switch or any other physical method. The primary benefit these lights offer is convenience. They can be controlled from anywhere and they are able to change the color of the lighting. Wireless lighting is efficient in saving the costs of electricity. They can be controlled with a variety of things like apps on smartphones, smart voice assistants, and more. They use technologies like wi-fi and Bluetooth for the connection between controller and light.
- Growing Prevalence of IoT
- Investment in Wireless Light Infrastructure for Energy Savings
- Adoption of Intelligent Voice Assistant Control in Wireless Lights
- High Cost of Replacing Lighting Infrastructure in Industrial Sector Will Hinder the Demand of Wireless Lighting
- Growing Awareness About Wireless Lighting in Households Will Boost Its Demand
- Incentives by Government to Adopt Energy Saving Lighting to Increase the Demand Of Wireless Lighting
- Wireless Lighting Have Very Long Shelf Life Which Means Lack of Repeated Demand
- High Cost of Wireless Lighting as Opposed to Conventional Alternatives
Some of the key players profiled in the report are Eaton Corporation (Ireland), Panasonic Corporation (Japan), Savant Systems, Inc. (United States), Schneider Electric S.E (France), Acuity Brands Lighting, Inc. (United States), Hubbell Lighting, Inc. (United States), Honeywell International (United States), OSRAM Licht AG (Germany), CREE Inc. (United States) and Philips NV (Netherlands). Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Wireless Lighting market. Considering Market by Connectivity, the sub-segment i.e. Wi-Fi will boost the Wireless Lighting market. Considering Market by Controller, the sub-segment i.e. Intelligent Voice Assistant will boost the Wireless Lighting market.
Latest Market Insights:
On July 1st, 2020, Savant Systems, Inc., an industry leader in the professional smart home space has announced that it has completed the acquisition of GE Lighting from GE, creating GE Lighting, a Savant company. Financial details were not disclosed. GE Lighting, a Savant company headquarters will continue to reside at historic NELA Park in East Cleveland, Ohio and Bill Lacey will continue to serve as president according to the official statement.
In Nov 2019, Honeywell, a global leader in lighting technology launched its smart lighting solution for the hospitality sector. The INNCOM DALI module is a two-way communication device that allows for the digitalization of LED and non-LED lighting in the property of the hospitality providers like hotels for scalable and accurate monitoring, energy-efficient activities, predictive maintenance, and customized lighting settings.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wireless Lighting market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wireless Lighting market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Fitness Watch Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.