According to a new report from The Freedonia Group, U.S. demand for smart lighting, which includes lighting sources, fixtures and controls, is forecast to increase to $945 million by the end of 2018. By 2025, the market research firm said it expects smart lighting system sales to reach $4.4 billion.
This exponential growth will be driven by several factors, according to The Freedonia Group, including:
- Rapid growth in the broader smart tech and IoT markets, including smart home devices, non-residential building automation, and smart city infrastructure;
- Consumer interest in the convenience of smart lighting capabilities, such as wireless, away-from-home, and voice control;
- And, energy saving initiatives, especially in non-residential applications.
In addition, the research firm said that smart lighting controls, which include lighting-specific control devices separate from any light source or fixture (e.g. centralized lighting system control boxes, lighting-specific smart home hubs and bridges and smart light switches and dimmers) accounted 63 percent of smart lighting sales in 2017.
These smart lighting controls are critical for energy savings in non-residential applications, using large networks of sensors and advanced analytics to reduce energy consumption. Some of the conveniences of consumer smart lighting (e.g., voice control, away-from-home remote control) often require a bridge or hub. Building control suppliers have readily expanded their product offerings to incorporate smart lighting capabilities into broader building automation and Internet of Things (IoT) systems.
For more information about The Freedonia Group’s "Smart Lighting in the U.S." report, click here.
