Scope of the Study
The globally connected bulb market is expected to high in the forecasted period due to increased demand from outdoor lighting applications. A connected bulb is an internet-capable LED light bulb that allows lighting to be customized, scheduled and controlled remotely. Several industry giants have collaborated to provide wireless technology that offers seamless connectivity and operability among IoT-type devices. Connected bulbs work very efficiently and are more durable than incandescent bulbs. These bulbs along with smart appliances offer end-users numerous benefits like reduced energy costs, remote access, safety, and a better quality of living.
The market study is being classified, by Application (Residential Sector, Industrial Sector and Commercial Sector) and major geographies with country level break-up.
Cree (United States), Osram Sylvania (United States), Philips (Netherlands), GE Lighting (United States), Belkin (United States), LiFi Labs (United States), Wink Labs Inc (United States) and Ilumi Solutions Inc (Hong Kong) are some of the key players profiled in the study.
To gain market share, leading key players are the focus on technological innovation and developments in the connected bulb. The global market for connected bulbs is very fragmented due to the presence of a large number of vendors in the market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Connected Bulb market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Connected Bulb market by Type, Application and Region.
On the basis of geography, the market of Connected Bulb has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand For Intelligent Lighting Solutions
- Growing Requirement Of Energy Efficient Lighting
- Increasing Awareness about Energy Saving Among Government and Consumers
- Modernization and Infrastructure Developments Worldwide
- High Installation Cost Associated with Connected Bulb
- Growing Number of Smart City Projects
- Development Of Various Technology in Lighting Solutions
- Absence of Universal Open Standard
Market Leaders and their expansionary development strategies
On 5th September 2019, Signify, the world leader in lighting is unveiling a suite of new bulbs and smart accessories from smart lighting brand Philips Hue at a special event during IFA, including filament bulbs, smart plugs, smart buttons and more, to help bring connected lighting to all homes. and On 13th May 2019, Cree, Inc. has announced today that it has completed the sale of its Lighting Products business unit to IDEAL INDUSTRIES, Inc. The transaction includes the LED lighting fixtures, lamps, and corporate lighting solutions business for commercial, industrial and consumer applications.
On 28th November 2018, Cree, Inc. has announced the FLEX Series LED Troffer, a new lighting system that gives architects and lighting specifiers remarkable design freedom, to address the USD 1.2 billion specification tier of the industry.
Key Target AudienceConnected Bulb Manufactures, Connected Bulb Suppliers, Connected Bulb Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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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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