• About LCA
  • Join LCA
  • Contact Us
  • Education Express

Lighting Controls Association

The Lighting Controls Authority

Report: European Smart Lighting Market to Surpass $9 Billion by 2024

02/06/2019 by Lighting Controls Association Leave a Comment

According to a new research report by the market research and strategy consulting firm, Graphical Research, Europe Smart Lighting Market share will surpass US $9 billion by 2024.

The market growth is primarily attributed to the increasing uptake of smart lighting solutions for facilitating the government initiatives to develop highly connected infrastructure for smart city networks across Europe. The Humble Lamppost project allows Europe to save a total of USD 2.46 billion yearly on electricity as around 60 to 90 million 25-year-old street lights have been replaced with more efficient LED devices.

The commercial lighting segment held a majority share of around 40% in the Europe smart lighting market for indoor lighting applications in 2017. The growth of the market is driven by the growing demand for energy-efficient lighting solutions to reduce the energy consumption cost. The governments across European countries are restricting the use of low energy-efficient lighting solutions, such as incandescent and halogen lamps, in the commercial sector. The residential lighting market is projected to exhibit a robust growth at a CAGR of around 20% between 2018 and 2024. The growing awareness regarding the cost-benefits of energy-efficient LED lighting products in the residential sector is expected to fuel the market growth during the forecast period.

Click here to learn more.

 

 

Filed Under: Articles, Market Research

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Casambi
Cooper Lighting Solutions
GE Lighting
Eaton Corporation
EiKO
Encelium Technologies, Inc.
IR TEC
JDRF Electromag
WattStopper
Leviton Manufacturing Co., Inc.
Lutron
MaxLite
McWong International
Acuity nLight
PLC-Multipoint, Inc.
RAB Lighting
SENSORWORX
Siemens Corporation
Synapse Wireless
TogglediQ

Topics

  • Color Control
  • Commissioning
  • Connected/Networked/Digital Control
  • Construction and Economy
  • Daylight-Responsive Control
  • Demand Response
  • Design
  • Dimming
  • Education and Tools
  • Energy Codes
  • Fundamentals
  • Integration
  • Internet of Things
  • LED Control
  • Market Research
  • Occupancy Sensors
  • Personal Control
  • Research Studies
  • Rules and Regulations
  • Standards
  • Utility Rebates/Incentives
  • Wireless Control

Products

  • Award Winning Products
  • Devices, Systems, Software
  • Networked Controls
  • Residential

Projects

  • Award Winning Projects
  • Education
  • Healthcare
  • Hospitality
  • House of Worship
  • Industrial
  • Office
  • Public Spaces
  • Residential
  • Retail
  • Retrofits

Members

  • Acuity Brands
  • Casambi
  • Cooper Lighting Solutions
  • Current
  • Eaton
  • EiKO
  • Hubbell Control Solutions
  • Intermatic
  • IR-TEC America
  • JDRF Electromag
  • Legrand
  • Legrand Encelium
  • Leviton Manufacturing Co., Inc.
  • LiteTrace
  • Lutron Electronics Co.
  • MaxLite
  • McWong International
  • PLC-Multipoint, Inc.
  • RAB Lighting
  • SENSORWORX
  • Siemens Corporation
  • Synapse Wireless
  • Toggled IQ
  • Universal Douglas

Services

  • Education Express
  • LCA TV
  • Podcast
  • Articles
  • Resources
  • Awards
  • Subscribe

©2023 Lighting Controls Association, a Council of the National Electrical Manufacturers Association (NEMA) • Disclaimer • Log in