Analysis of Global Intelligent Lighting Market Trend from 2018 to 2024
Smart lighting provides many key advantages for residential, industrial, commercial, and government sectors, including energy efficiency, reduced maintenance costs, enhanced asset security, and ease of use. Through them, users can remotely access the lighting system anytime, anywhere through smartphone applications. In a smart city infrastructure, operators can proactively predict the need for street lamp replacements and blackouts, and improve on-site efficiency. By leveraging features such as LED lighting, connectivity, sensors and controls, and analytics and intelligence, companies can successfully achieve the lowest power costs.
The main concern of companies in the smart lighting market is product innovation and new product development strategies. Major companies are investing heavily in the research and development of smart lighting technology to provide networked lighting solutions for home and building automation, smart cities, and smart street lighting applications. In addition, strategic cooperation to strengthen product development capabilities and increase regional market share also contributes to rapid innovation in the smart lighting industry.