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.