North America Smart Lighting Market 2019 Growth Drivers, Impact Analysis & Industry Opportunities by 2024 - PowerPoint PPT Presentation

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North America Smart Lighting Market 2019 Growth Drivers, Impact Analysis & Industry Opportunities by 2024

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North America Smart Lighting Market Share was over USD 1.5 billion in 2017 and is expected to register a robust growth between 2018 and 2024 with a CAGR of around 20%. – PowerPoint PPT presentation

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Title: North America Smart Lighting Market 2019 Growth Drivers, Impact Analysis & Industry Opportunities by 2024


1

North America Smart Lighting Market to value over
USD 6 bn by 2024 Graphical Research
2018 Graphical Research. All rights
reserved.


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2

Key Insights from North America Smart Lighting
Market
  • Graphical Research says, North America Smart
    Lighting Market to exceed 6 bn by 2024.
  • The North America smart lighting market growth is
    attributed to the growing emphasis on
    implementing smart lighting initiatives by
    replacing conventional lighting systems with
    energy-efficient smart lighting solutions in the
    U.S. and Canada.
  • In October 2016, the U.S. Department for
    transportation invested USD 165 million in smart
    city technologies, leveraging the IoT-operated
    devices such as smart lights, sensors, and meters
    for the maintenance of the safety on roads due to
    connected street lights, in turn, reducing the
    energy consumption.
  • The San Francisco Public Utilities Commission
    (SFPUC) replaced around 18,500 streetlights with
    highly efficient light emitting diodes. The
    adoption of these smart lighting solutions will
    reduce the energy consumption by 50, reducing
    the electricity costs and improving the
    environmental efficiency. These initiatives are
    paving the way for further significant adoption
    of smart lighting systems in the region.

2018 Graphical Research. All rights
reserved.


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3

Continued...
  • The technology market is expected to register a
    robust growth between 2018 and 2024 with a CAGR
    of around 30. The increasing integration of
    different wireless communication technologies
    such as Bluetooth, Wi-Fi, and Zigbee into the
    smart lighting solutions is aiding the consistent
    growth of the technology market in the region.
  • Modern smart lighting solutions will upgrade the
    connectivity as Wi-Fi hotspots will help in
    improving public and traffic safety by assisting
    in the implementation of smart navigation and
    parking technologies. Hence, the Wi-Fi segment is
    expected to grow at a robust CAGR of over 35
    during the forecast period.
  • Some of the key vendors in the North America
    smart lighting market are Silver Spring Networks,
    Hubbell, Zumtobel, Tvilight, Schneider Electric,
    Philips Lighting, GE Lighting, Cooper Industries
    (Eaton), Cree, Acuity Brands, and Bridgelux.

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
4
North America Smart Lighting Market
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
5

Browse Full Market Research Report On North
America Smart Lighting Market _at_
https//bit.ly/2PIA6PS Request for a
Sample of this Research Report _at_ https//bit.ly/2
RTIIUi
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
6

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