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Smart Lighting Markets-2014; V2. Products, Companies and Technologies

Global smart lighting market to become more connected and wireless


Companies & Markets

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31.07.2014 06:39:01 - Smart Lighting Markets-2014; V2. Products, Companies and Technologies - a new market research report on companiesandmarkets.com

(live-PR.com) - The smart lighting market is undergoing a transition that we expect will lead to expanded opportunities for many different types of companies. The older generation of so-called smart lighting systems -- really no more than lighting management systems -- that were not much more than motion sensors and timers has evolved into systems that are much smarter. The smart home

 

and smart office of the future that has existed in the imagination of writers and futurists seems really to now be on the horizon, thanks to advances in technology that are leading to the availability of more features at lower prices. Several trends that analysts highlighted in our 2013 smart lighting report have recently become even more relevant. The primary among these is increased use of LEDs, driven by both technology improvements in LEDs and regulations aimed at increasing energy efficiency in lighting. One of the main selling points about smart lighting has always been its ability to improve energy efficiency, and this remains an important aspect. Real energy costs remain high and are not likely to decrease any time soon and we are seeing more emphasis on the need to conserve energy and expand into alternative energy sources. Smart lighting continues to be boosted by this trend.In order to continue its potential market growth and profitability trajectory, however, smart lighting will need to evolve technologically and smart lighting providers will need to differentiate themselves in the market and create products that offer more than just a lower energy bill. Companies are working in that direction with systems that add features not previously available:- Lighting to improve health and mood. While this is not yet available in commercial systems, the technology is ready to launch and we expect to see more of this type of function available everywhere from hospitals (which will probably be the earliest adopters) to office buildings. We think that 2014 and 2015 will be the take-off years for such products.- Improved connectivity. This includes the trend toward more options for wireless systems, different options for Internet connectivity (central control versus connectivity for each individual light fixture), and compatibility with the cloud for collecting and distributing data. This is a differentiating feature for smart lighting systems but also brings the smart lighting business into conformance with the Internet-of-Things (IoT) meme.LED Adoption Driving Changes in Smart LightingThe primary technology change driving the evolution of smart lighting is improvements in LEDs and their increased usage in lighting systems of all kinds. This trend has been brewing for a while but is now reaching a tipping point. Lighting management systems have been around for many years and have been -- and still are -- available for CFL and even incandescent lighting. Nonetheless, smart lighting is being increasingly associated with LED-based lighting, which makes sense. LEDs are semiconductor devices and therefore inherently more controllable than incandescent or fluorescent bulbs. It is possible to integrate control and communication hardware and software directly into the bulbs, something that wasn´t an option with older types of lighting. In addition, LEDs have been strongly touted as, above all, energy efficient. analysts sense of the market is that when LEDs reach a certain stage of technological maturity (and lower prices points) they will quickly replace CFLs as the way to go in energy-efficient lighting. So LEDs are increasingly what smart lighting is all about because of both their controllability and their inherent energy efficiency. One example is improved color control for both cool and warm white light. This is enabling a new generation of smart lighting systems that takes into consideration the effects of lighting on health and mood and are designed to specifically address those needs. LEDs can also allow for extremely precise color control. It remains to be seen how fine this control needs to be to achieve beneficial effects; it warrants further study to determine how to best use the capabilities of LEDs to improve health and mood.In addition, although LEDs have been available for some time, they are now producing a quality of light that is helping them overcome the perception of LEDs as cold and dull. Advances in LEDs themselves is beyond the scope of this report, but these advances have helped expand their use and therefore expand the possibilities of smart lighting.

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Author:
Mike King
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