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Global Smart Light Fixture and Control Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

Monday, February 27, 2017 2:36
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(Before It's News)

The continuously decreasing average selling price of LED lighting, burning issue of global energy crisis, and evolution of the smart homes market, along with the customization benefits are the key drivers of the global smart light fixture and control market. The changing paradigm of lighting industry to electronics industry is promoting growth of the market. The scenario of lighting industry has been completely transformed, with the establishment of modern technologies in it. The smart lighting industry not only involves the lamps, but also the sensors that gather and transfer the information. Then the information is delivered to the software for generating a suitable response, which could be dimming the illumination, change in color, and switching on or off. Asia-Pacific dominated the global smart light fixture and control market in 2014 and is expected to maintain its dominance, in the forecast period. 

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The smart light fixture and control market include light emitting diode (LED) lighting, fluorescent light, compact fluorescent light, high intensity discharge lamps, and plasma lamps. LED lighting accounts for the highest share, in all the regions.

A smart home is equipped with special connected platform enabling its residents to control and program, an array of automated home electronic devices with the help of a remote. Segments such as energy management system, and security and access control systems are driving the smart homes market. The market had already progressed well in the developed countries, and it is expected to grow in the developing nations, during the forecasted period due to the regulatory initiatives from various governments and increased consumer interest in reducing the energy consumption. One of the major reasons of the smart home market growth is the entrance of the leading players in the smart home market, such as Google Inc.   

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About P&S Market Research
 
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
 
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
 
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