Bluetooth LED Bulb Market - Overview and Outlook 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2019--
The “Bluetooth LED Bulb Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The Bluetooth led bulb market is expected to witness a CAGR of 9.44% over the forecast period of 2019-2024.
Due to it’s increasing cost competitiveness, this technology has begun to compete in a variety of lighting applications successfully. Also, these bulbs can now be operated through specially designed remote controls or smartphone app features. Moreover, the growing significance of smart homes is further expected to drive the demand for these Bluetooth connected bulbs.
In August 2018, the Chicago Department of Transportation announced the implementation of the Streetlight Modernizing Program with the aim to replace 270,000 conventional street lights with LED bulbs in the next four years. Such developments of the government and Industrial bodies to reduce energy cost has been impacting the LED light demand and is expected to positively impact the market.
Major Market Trends
Rising Demand from Industrial & Commercial Sector to Augment Market Growth
Asia-Pacific to Be the Fastest Growing Market
The Bluetooth led bulb market is fragmented due to the market consist of many large players as well as new players. Companies are also trying to innovate their existing products to cater to increasing demand from consumers which makes the market competitive.
Some of the major players are Acuity Brands Lighting Inc., Delta Light N.V., Eaton Corporation PLC., Evluma, General Electric Company, Ilumi Solutions Inc., LedvAcuity Brands Lighting Inc.ance GmbH, Luceco PLC., OPPLE Lighting Co., Osram GmbH, among others.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Energy-Efficient Lighting Systems
4.2.2 Smart Lighting Shaping Infrastructure Modernization
4.3 Market Restraints
4.3.1 Lack of Awareness Regarding Installation Costs and Payback Periods
4.4 Industry Attractiveness - Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By End-User
5.2.1 North America
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Acuity Brands Lighting Inc.
6.1.2 Delta Light N.V.
6.1.3 Eaton Corporation PLC
6.1.5 General Electric Company
6.1.6 Ilumi Solutions Inc.
6.1.7 Ledvance GmbH
6.1.8 Luceco PLC
6.1.9 OPPLE Lighting Co.
6.1.10 Osram GmbH
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3vi55a
View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005637/en/
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INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 11/14/2019 11:37 AM/DISC: 11/14/2019 11:38 AM