Smart Lighting Market To Grow At 36% Annually, Compounded (’13 to ’18)

So says MarketsandMarkets.com, in a new 298-page report (promoted here). EleBlog was unable to determine what the price is, which is interesting!

The report assesses the market’s size (globally, we assume) in 2018 at $6.75 billion. Here’s a definition of “smart lighting” from the release –

The term “Smart Lighting” refers to the environment controlled by lighting control systems. In brief, lighting control systems use factors such as occupancy, available daylight, and time of day to turn lights on or off accordingly, thus providing noteworthy energy and cost savings. There is a demand supply gap in the power sector and to overcome this problem smart lighting is a perfect solution. The demand of intelligent lighting controls for lighting is increasing in a tremendous way and this further supports the exponential growth potential of smart lighting.

Source: http://electricalcontractor.com/?p=10748

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