DUBLIN--(BUSINESS WIRE)--The "Global Bluetooth LED Bulb Market - Segmented by Material (Plastic, Metal, Glass), and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global bluetooth LED bulb market is expected to witness a CAGR of 8.64% over the forecast period of 2018-2023.
Bluetooth LED bulb is a novel technology that makes the use of intelligent lighting control systems to manage light, based on various parameters, like movement, color, temperature, occupancy, and amount of natural light. Due to its increasing cost competitiveness, this technology has begun to compete in a variety of lighting applications successfully. Also, these bulbs can now be operated through specially designed remote controls or smartphone app features.
LEDs emit light in a specific direction, reducing the need for reflectors and diffusers. This feature makes LEDs more efficient for many uses such as recessed downlights and task lighting. Moreover, unlike incandescent bulbs, which release 90% of their energy as heat LEDs use energy far more efficiently with little-wasted heat.
The factory and production lines are the largest application area for industrial lighting solutions. Factory and production lines are upgrading to critical lighting solutions, such as LEDs and connected lighting solution, to receive an immediate payback on their investment through improved light quality and control.
Asia-Pacific is currently experiencing a tremendous shift in lighting systems, where companies in this region have been identified to adopt LED lights in industries and manufacturing plants, as compared to its counterparts like incandescent and LFL owing to the improved efficiency of LED lighting systems. China has been gradually reducing the sale of incandescent light bulb products over the last five years, ensuring that the outdated technology is replaced by something more advanced and profitable. In India, the government supported plan of deploying cost-effective LEDs across the end-users has received a warm response.
- General Electric Company
- Acuity Brands Lighting Inc.
- Osram GmbH
- Eaton Corporation Plc
- Ledvance GmbH
- Opple Lighting Co.
- Luceco Plc
- Delta Light
- Ilumi Solutions Inc.
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/swkt7f/global_bluetooth?w=4