RAPIDLY INCREASING DEMAND FOR SMART CITIES
The smart lighting system played an important role in developed and developing countries by providing connected and smart lighting solution. To increase the sustainable economic development for the smart cities, every country should emphasize on their infrastructure including industry, buildings and outdoor premises. The first step is the need to decrease energy consumption by different source of the lighting system.
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Nowadays cities are invested more in smart city platforms, where the smart lighting system would become an important aspect for delivering LED Lighting for smart street lights & poles. The smart lighting offers data stations with sensors for weather & pollution sensing, monitoring, adaptive lighting, enabling Wi-Fi and RF connectivity where it is beneficial in providing public address systems, smart screens for ads and others.
MAXIMUM USAGE AND DECREASED PRICE OF LED
The growth of LED in global arena has been expanded in the past few years due to the demand of technological transformation, maximum utilization and low pricing of LEDs. Nowadays lighting management systems are preferred for extended life, durability and dim ability.
The average price of 40W bulb has been decreased by USD 50/Klm and the average price of 60W bulbs has been decreased by USD 54/Klm. Due to these reasons, the price of LED light bulb is more affordable and suitable for consumers.
As such, the application of a LED lighting products such are bulbs, luminaires, lamps are for indoor and outdoor spaces because it consumes less electricity as compared to traditional, fluorescent and halogen options. Mostly, it is preferable for flashing light display and industrial purposes.
INCREASING AWARENESS REGARDING ENERGY CONSUMPTION BY GOVERNMENT
It has been observed that the awareness regarding energy consumption is increasing gradually by government agencies in different regions due to specific regulations and specification in LED lighting. According to government standard it has proposed a variety of standard to support the smart lighting.
The lighting standards initiatives are useful to reduce the electromagnetic field intensities from the lighting solutions includes LEDs, bulbs that damage the health conditions. The local government in European Union installing the smart public street lighting in 2015, which is beneficial in decreased the 70% power saving.
SECURITY AND PRIVACY CONCERN RELATED TO SMART LIGHTING SYSTEMS
Although the application of smart lighting system is increasing day by day in many developed and developing countries for monitoring the energy efficient lighting, power consumption and lighting infrastructure, but it gets hampered by the security and privacy concerns created by cyber hackers..
Mostly, smart lighting systems are vulnerable to cyber-attacks from the hackers who would avail all the data from the servers and data centers. For such conditions, government should put various regulations to diminish and control the cyber security risks.
HIGH COST OF INSTALLATION
Though smart lighting system has many advantages but the cost of installation is a limiting factor. A smart lighting backup requires qualified engineers and people for the installation of wireless technology and wired solutions. Even though the smart lighting is cost efficient, but the installation may be more costly for wireless connectivity. The installation requires high cost and there is no other option for installation.
In the installation of hardware and components of DALI and Wi-Fi lighting systems, an expertise person is required. This can limit the market as the consumer may not be ready to pay a high cost for the installation of smart lighting solution. This installation consists of performing a detailed design as well as analyzing the system to check whether it is work properly or not.
The cost of service and maintenance can be more even after the installation. This cost can be a in accurate but no smart lighting today proclaims to be providing cheaper installation cost. These costs are suffered regularly and are unaffected even if the price of products is increased or decreased.
The emerging countries and rural areas are lacking policies and investments that cannot afford the huge costs for the installation of smart lighting. The basic needs of power in such regions are ignored and hence they lack from using the smart lighting solutions.. The smart lighting system is a profitable solution for the power needed in the short run but due to the cost associated with it majorly in the installation makes it not a better option here.
The companies have challenged to provide smart lighting solution with less installation cost, especially when costs are varying
GROWING DEMAND OF IOT TECHNOLOGY FOR SMART LIGHTING
Although the innovation cost is more, still many industries are still investing in smart lighting solutions, and this number is increasing day by day. This deployment of IoT sensor is rapidly catching up worldwide.
The emerging continents such as Americas are boosting with the installations of IoT sensors. The manufacturers have put focus on expanding their market in the Europe continent especially in the field of IoT enabled smart lighting system. Nowadays government put emphasis on improving smart cities with respect to safety and concern for public that includes low cost, improved response time, reduced crime and managed safety from the cyber hackers.
The government emphasizes on providing government agencies which are interested to apply for IoT in order to develop the business environment and decreases the rising compliances and grievances that leads to a burden for an agencies. In most of the cases IoT initiatives infrastructure are raised in under-developed countries for better lighting solutions.
The opportunities lie in areas that are driving IoT smart lighting for industrial and government support, and it shows no signs of lowering down. For instance, it was estimated that the number of connected devices in use on 23 billion units by 2026, with a positive percentage rise since 2017.
The IoT based lighting solution is used to enabled the replacement of street light and easily predict the power outages, inventory tracking that offers improved field efficiency.
SPECTRUM OF LIGHT LEADS TO RADIATION PROBLEM
Various challenges are appeared while implementing and creating smart solutions which are perfectly serving the requirements of customers and making the place suitable to live. The emerging challenges include data security, interoperability, wireless connectivity and non-visual effects of lighting and spectral & light dosage. Most of the case arises due to maximum implication of solid and compact florescent lighting.
Mostly smart lighting exhibits short wavelength visible lights that consist of high intensities and these visible lights affects retina of the eye. The risk of cancer is possible for night shift workers because high intensity rays are released from the lighting solution which indirectly impacts the human health conditions.
According to a study, The World Health Organization’s International Agency classified that more exposure to artificial lightning at night leads to disruption of rhythm circadian rhythm and prostate & breast cancers. Approximately, one in eight men in U.K. is diagnosed with prostate cancer during their life due to maximum spectrum of lights that are emerged from the excessive use of tablets and mobile phones.
Some of the major players operating in this market Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and among others.
Global Smart Lighting Market– Industry Trends and Forecast to 2026
Europe Smart Lighting Market– Industry Trends and Forecast to 2026
North America Smart Lighting Market– Industry Trends and Forecast to 2026
Asia Pacific Smart Lighting Market– Industry Trends and Forecast to 2026
Middle East and Africa Smart Lighting Market– Industry Trends and Forecast to 2026