Global ZigBee-enabled Lighting Market 2017-2021

Overview of the global ZigBee-enabled lighting market

Market research analysts at Technavio predict that the global ZigBee-enabled lighting market will grow steadily over the next four years and post a CAGR of almost 21% by 2021. This market research analysis identifies the need for low-energy wireless technology as one of the key growth factors for the ZigBee-enabled lighting market. In the agile and ease world, the consumers only sought for products that provide convenience without compromising the efficiency. To bridge the gap between the demand and supply, the manufacturers are introducing low-energy power technology such as ZigBee to deliver seamless efficient power management. ZigBee can connect to a considerable number of devices without compromising energy efficiency. Additionally, ZigBee also has lower energy consumption and longer communication range compared to other technologies such as Bluetooth and Wi-Fi.

In addition to the demand for low-energy wireless technology, the emergence of IoT architecture will also contribute to the growth of the market. IoT delivers greater agility in exchanging information, thereby eliminating the need for human intervention. Moreover, the robust growth in IoT architecture helps in optimizing next-generation smart lighting home solutions, in turn, fueling the growth of the market.

Competitive landscape and key vendors

The ZigBee-enabled lighting market is highly fragmented with the presence of numerous players. The market is also witnessing the entry of new players through crowdfunding platforms and the vendors in the market are focusing on innovations to compete with large players. To retain their presence in the market, the vendors are increasingly focusing on research and development.

The leading vendors in the market are –

• Belkin International
• Cree
• OSRAM

The other prominent vendors in the market are Acuity Brands, General Electric, Hubbell Incorporated, LiFi Labs, Philips Lighting, and Samsung LED.

Market segmentation by type and analysis of the ZigBee-enabled lighting market

• Luminaires
• Lamps

During 2016, the lamps segment dominated the ZigBee-enabled lighting market and this mainly attributed to the adoption of smart LED lamps in the residential sector. Moreover, the increased government initiatives on energy consumption and resource management, will also spur the growth of this market segment.

Market segmentation by geography and analysis of the ZigBee-enabled lighting market

• Americas
• APAC
• EMEA

Owing to the substantial use of ZigBee-enabled lights among residential applications, the Americas accounted for the major share of the ZigBee-enabled lighting market during 2016. The surge in demand for smart lighting solutions from the commercial segment will contribute to the growth of the market in this region. Additionally, the presence of various industries such as retail, hospitality, and healthcare sectors will also stimulate the growth of the market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ZigBee-enabled lighting market?
• What are the key market trends impacting the growth of the global ZigBee-enabled lighting market?
• What are the challenges to market growth?
• Who are the key vendors in the global ZigBee-enabled lighting market?
• What are the market opportunities and threats faced by the vendors in the global ZigBee-enabled lighting market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global ZigBee-enabled lighting market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s market research reports for the hardware and semiconductor industry offer insights for a wide range of product markets including semiconductor equipment, computing devices, and sensors. In addition to providing information on a varied range of parameters including the shift in customer choices and factors driving the market, Technavio’s market research reports also include a comprehensive analysis of the prominent vendors along with their latest products and services, market size, and the competitive analysis.

By considering an extensive research approach of quantitative and qualitative data methods and covering various factors including the growing demand for an array of products across different geographical regions. Research analysts at Technavio identify the lighting industry’s growth prospects to help clients formulate effective business strategies. This upcoming market research report on global ZigBee-enabled lighting market for the forecast period of 2017 to 2021 presents insights inferred from the data collected from sources such as channel partners, decision makers, manufacturers, and regulatory bodies.

This upcoming industry report on the global ZigBee-enabled lighting market also considers the growth of similar markets such as global ZigBee home automation market and ZigBee enabled devices market, which is expected to project a CAGR of almost 26% and close to 6%, respectively during the period 2016 to 2020. According to our industry experts, consumers and service providers are opting for alternative wireless technologies such as ZigBee to improve energy efficiency. Major lighting manufacturers are integrating ZigBee technology into their smart bulbs as they are energy-efficient when compared to other technologies. To help businesses achieve higher market shares, Technavio also offers to provide customized reports based on the requirements of numerous clients.

The upcoming industry research report for global ZigBee-enabled lighting market also identifies the key drivers, trends, coupled with the significant challenges currently experienced by vendors in the lighting sector. It also offers insights into the human machine interface and displays sector.