Market Research Report
Residential Connected Lighting - Residential Connected Lamps, Luminaires and Controls: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||482393|
|Published||Content info||49 Pages; 42 Tables, Charts & Figures
Delivery time: 1-2 business days
|Residential Connected Lighting - Residential Connected Lamps, Luminaires and Controls: Global Market Analysis and Forecasts|
|Published: March 24, 2017||Content info: 49 Pages; 42 Tables, Charts & Figures||
Today, the market for connected and smart lighting in the residential sector remains nascent. Yet, the increasing adoption of smart home technologies is changing consumer interactions with lighting in their homes. The introduction of the Amazon Echo in 2014 and Google Home in 2016 has had an unprecedented effect on the household lighting market. These voice-activated platforms have increased the adoption of connected home devices and shown users the potential that the technologies have in terms of lighting. In addition, exposure to new applications for connected lighting that Philips created with its Hue product has pushed a stagnant market into motion.
In the past couple of years, companies such as Lutron that have never been active in the residential sector have become key players in response to the potential opportunity of the residential connected lighting market. Meanwhile, most consumers still think about connected lighting in terms of commanding the Philips Hue to change colors through Alexa or Assistant. However, more tangible use cases and applications are becoming apparent and are making a more compelling argument for the mass adoption of connected lighting. Examples of new applications include security, elderly care and assisted living, health and wellness, notifications, and home automation, among others. According to Navigant Research, global residential connected lighting revenue is expected to grow from $644.3 million in 2017 to over $1.9 billion in 2026.
This Navigant Research report analyzes the global market for residential connected lighting. The study provides an analysis of the market issues, including definitions, regulations, drivers, and barriers, associated with residential connected lighting. Global market forecasts for shipments and revenue, segmented by type (lamps, luminaires, and controls) and region, extend through 2026. The report also examines the key technology trends related to residential connected lighting, as well as the competitive landscape.