Smart technology evolution has considerably changed the overall lighting industry in terms of energy saving, money saving, and increased safety and convenience of users. The lighting market as a whole is growing at a significant rate and is expected to reach a substantial level by 2022. Moreover, intelligent lighting controls are gaining popularity and is expected to grow at a significant rate in the coming years. In comparison to traditional light bulbs, energy-efficient light bulbs such as Light Emitting Diode (LED) lights, High Intensity Discharge (HID) lamps, and Compact Fluorescent Lights (CFL) have various advantages in terms of energy usage and life-span of lights. Additionally, the energy-efficient lights are available in wide range of light levels and colors for convenience of users. Initial installing price of energy-efficient lights are higher than traditional lighting, but they save a huge amount of money over the life of bulbs.
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The future global economy is expected to consume more energy resources, especially with the growing energy demand from the developing countries, such as China and India. Additionally, the risk of climate change associated with the use of fossil fuels has made the supply of energy increasingly difficult. Lighting segment consumes most of the electricity in a commercial building, and draws substantial energy for a private residence. Several countries are opting for various methods for decreasing the carbon dioxide concentration in the atmosphere. Rising energy demands globally calls for improved energy efficiency usage and increased energy supply. India’s power ministry proposed a simple solution for the country’s energy crisis that is, upgrading the lighting system to LED light bulbs.
Intelligent lighting controls witnessed a major increase in the adoption rate for the usage in various applications due to several advancements offered by the technology. The intelligent lighting controls market is expected to grow at a significant rate during the forecast period. This is due to integration of physical security industry with intelligent lighting, changing paradigm of lighting control industry to electronics industry and adding voice control feature to the upcoming products. Growing smart homes market along with customization benefits and continuously decreasing average selling price (ASP) of LED bulbs and drivers are some of the factors driving the growth of intelligent lighting control market.
The changing paradigm of lighting industry to electronics industry is a major opportunity for the growth of the intelligent lighting controls market. With the arrival of smart technologies in the lighting industry, various gateways have been opened for the companies of several industry verticals, such as control systems, dimmers, and software based solutions and sensors. The scenario of lighting industry has been completely transformed with the establishment of modern technologies in it. The intelligent lighting industry not only involves 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/or switching on or off.
However, with the recent developments in RF technologies, there is an increase in the number of wireless installations worldwide. Wireless technology provides increased flexibility in terms of installations where traditional wiring is difficult as well as the location of luminaires is also a major concern irrespective of the position of power sources. Although both of the technologies have their advantages and disadvantages, it depends on the user’s requirement to prefer any of them. Moreover, wireless control devices can be integrated with occupancy and daylight sensors to provide automated and enhanced light settings with significant energy savings. Although RF based communication channels can get affected from outside interference resulting in poor performance of the devices. These technologies are also prone to reduced performance due to bad weather conditions.
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The global intelligent lighting control market has witnessed various stringent policies by different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are product launches, joint ventures, collaboration, partnerships, and contracts. OSRAM is one of the key players in lighting industry, since it is having a strong position in R&D of fastest growing LED business. For maintaining the position of the company as a leading innovator in the lighting sector, the company has focused on the activities of the Corporate Innovation function and collaborated with external innovation partners. OSRAM has also established Fluxunit GmbH, which develops enhanced and disruptive business ideas; and introduces those ideas to the market.