Technavio, a tech-focused market research firm, has published a new report on the global ZigBee-enabled lighting market, which is expected to grow at a CAGR of close to 21% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global ZigBee-enabled lighting market into the following key regions: the Americas, APAC, and EMEA.
Top three contributors for the global ZigBee-enabled lighting market are elaborated below:
ZigBee-enabled lighting market in the Americas: The demand for ZigBee-enabled lighting in the Americas is attributable to the increased application of smart lighting in the residential segment in this region. The region is becoming a hub for various industries include retail, hospitality, and healthcare, leading to a surge in the adoption of ZigBee-enabled lighting in the commercial segment.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on semiconductor equipment, “The high Internet penetration is expected to propel the demand for ZigBee lighting solutions. Smart bulbs enable consumers to control their lights remotely through wireless communication technologies such as ZigBee. This enables consumers to utilize the Internet to equip their homes with smart lamps and luminaire.”
ZigBee-enabled lighting market in EMEA: During 2016, the majority of the revenue of the global ZigBee-enabled lighting market in EMEA came from various countries such as Germany, Italy, France, the UK, and Turkey. Government regulations to ban the low-voltage halogen lamps and the growing concern on the energy-efficient lighting solutions are the key factors that are accelerating the adoption of connected bulbs in the region. According to market research analysts at Technavio, France, Italy, Spain, and the UK are expected to emerge as markets with high growth potential in the global ZigBee-enabled lighting market in EMEA in the coming years.
ZigBee-enabled lighting market in APAC: The presence of many smart LED manufacturers in China, government subsidies, India’s robust growth in the LED market due to significant government campaigns, and Japan’s maturing LED market are some of the key factors that will fuel the growth of the ZigBee-enabled lighting market in APAC. China, Japan, South Korea, and Taiwan are the key dominant players in the market in this region.
The leading vendors operating in the global ZigBee-enabled lighting market are:
- Belkin International
Other prominent vendors in the market include Acuity Brands, General Electric, Hubbell Incorporated, LiFi Labs, Philips Lighting, and Samsung LED.
A more detailed analysis is available in the Technavio report titled, ‘Global ZigBee-enabled Lighting Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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