Global Lighting Management System Market: Key Highlights
Global Lighting Management System Market: Key Market Dynamics
Global Lighting Management System Market: Regional Overview
Only lighting covers nearly one-sixth of the total electricity use annually in the US. Implementation of advanced systems in the use can potentially save billions of dollars annually in the US electricity bills and may help in reducing carbon emissions and air pollutants into the environment. Chicago Smart Lighting Project passed by Chicago’s City Council on April 20th, 2017 which is still operating helped in saving tremendous amount in electricity bills, this project included light management system implementation and focused on enhancing energy system reliability.
Hence, the adoption of the system and initiatives towards cost-efficient solutions is expected to boost the market in the region.
In 2017, Western Norway with the help of Philips Lighting initiated transforming 11 municipalities in southern Rogaland in Western Norway into smart municipalities as a part of smart city initiative. Also, in Oslo 70% annual reduction in energy consumption and 1440 tons per year reduction in carbon dioxide emission as they implemented intelligent street lighting.
Thus, the notable investments and the effort of the governing authorities in the smart lighting solutions are anticipated to boost the market in the region.
Global Lighting Management System Market: Key Players Overview
OSRAM GmbH is a Germany-based multinational lighting manufacturing company. The company offers many solutions to fulfill a variety of requirements. Its product portfolio is categorized as energy saving, ambience, scenes, components, and light source control gears. Some of the solutions are Touch DIM for single luminaries, MULTIeco for single and group offices, MULTI 3 for strip lightings and hallways, and Sensoren which are sensors for stand-alone solutions.
Schneider Electric is a France-based multinational electrical equipment manufacturing corporation. It provides integrated solution combining software, real-time data, and services to residential, commercial and industries. Company helps in achieving energy savings to the customers by providing vast product portfolio which majorly covers occupancy sensors, current-limiting panels, emergency lighting control devices, architectural dimming amongst others.
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