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Home / Biz Trends / Smart lighting market to reach 2.54 billion units by 2020

Home Page | Updates | Biz Trends | Smart lighting market to reach 2.54 billion units by 2020

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Smart lighting market to reach 2.54 billion units by 2020

A recent study done by IT research and advisory firm, Gartner, showed that Internet of Things (IoT) architectures are rapidly driving smart lighting technology. The company forecasts that the smart lighting installed base will grow from 46 million units in 2015 to 2.54 billion units in 2020.

Smart lighting market to reach 2.54 billion units by 2020

According to Gartner, smart lighting is expanding globally and this can be monitored or controlled from a centralised system or via the cloud.

Dean Freeman, vice president, research, Gartner, said, “Smart solid-state lighting in office buildings and industrial installations has the potential to reduce energy costs by 90 per cent; however, achieving these costs takes more than just installing LED lighting.

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Tags: Internet of Things, IOT, LED, LED Lighting, Smart Lighting

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