Skip to main content

Smart Cities Installing Smart Lighting Systems To Conserve Energy

Lighting systems embedded with sensors and wireless technologies capable of reducing energy consumption are referred to as smart lighting. The installation of these energy-efficient lighting solutions in residential and commercial settings helps in conserving energy and reduces operating costs. Smart lights are developed by the digitization of light-emitting diode (LED) lighting systems. 

Moreover, the adoption of connected technologies and smart automation in LED systems is revolutionizing the way lighting systems interact with their surroundings and consume energy. These lighting systems are being increasingly installed in smart cities. Thus, the soaring number of smart cities will drive the smart lighting market at a CAGR of more than 20.0% during the forecast period (2017–2023). 



According to P&S Intelligence, the market will generate a revenue of $27,064.0 million by 2023. Since smart cities use sensors and embedded devices at numerous places, such as streets and traffic signals, the installation of smart devices can help in reducing energy consumption to a great extent. In recent years, the advent of light fidelity (LI-Fi) has improved the quality of smart lighting systems. 

Li-Fi transfers data through illumination, wherein, the data is transmitted from an LED bulb at a speed which is faster than what the human eye can follow. With the emergence of new wireless technologies, such as Li-Fi, lights are not only being used for illumination but also for communication purposes. The high-speed and bidirectional transmission property of Li-Fi will provide unprecedented bandwidth and data features in the upcoming years.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Electric Motor Market To Offer $195.2-Billion Investment Opportunity in 2030

The electric motor market is expected to exhibit a CAGR of 4.8% during the forecast period (2020–2030) due to the increasing compliance for energy-efficient electric motors, surging demand for electric vehicles (EVs), and growing usage of these devices for varied applications. Apart from this, the soaring sale of heating, ventilation, and air conditioning (HVAC) appliances is expected to increase the revenue of the market from $118.2 billion in 2019 to $195.2 billion in 2030. Anything with moving parts mostly has a motor, which is why the demand for such devices is so high. At present, the surging demand for customized electric motors is fueling the electric motor market growth . End-users are adopting high numbers of customized electric motors to avoid compatibility issues. Suppliers are offering these motors to meet the specifications and needs of customers and differentiate their products. The customization process includes the attachment of cables or addition of brackets, gears, m...
Post a Comment
Read more

Escalating Prevalence of Frauds Fueling Demand for Fraud Detection and Prevention Technologies

The rising incidence of mobile frauds is a major factor responsible for the growing popularity of fraud detection and prevention solutions around the world. During the last few years, online transactions through mobile devices have witnessed a sharp surge in popularity and this trend will continue in the future years, on account of the surging penetration of the internet and smartphones across the world.  Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/fraud-detection-and-prevention-market/report-sample The rising adoption of these transactions is augmenting the incidence of fraudulent activities. According to reports, around 49% of all risky transactions were carried out through mobile devices in early 2019. Moreover, cybercriminals are extensively using various mobile emulators that run on desktop systems and allow fraudsters to accurately mimic iOS and Android devices.  This is making the adoption of fraud detection and prevention...
Post a Comment
Read more