Smart Lighting Market to Rise at a CAGR of 17.1% by 2025 Smart Lighting Market to Rise at a CAGR of 17.1% b

Smart Lighting Market to 2025 The lighting hardware is highly integrated and dependent on the software platform being used. As there is no common standard for wireless smart lighting products, the complete idea of various smart lighting devices networked together and the entire process of networking becomes complicated. For example, Philips employs ZigBee Light Link, GreenWave uses NXP JenNet-IP and Insteon uses its own wireless technology and all these are incompatible with each other. This incompatibility would result in inconvenience for the user as the choice of products and services will get limited by the platform being used, or else the entire operation of smart lighting would get complicated. Major players in the global smart lighting market comprises of Osram Licht AG (Germany), Honeywell International Inc. (U.S.A), Koninklijke Philips N.V. (Netherland), Eaton Corporation PLC. (Ireland), Digital Lumens Inc. (U.S.A), Lutron Electronics Company Inc. (U.S.A), Gene

Smart Lighting Market to Rise at a CAGR of 17.1% by 2025 Smart Lighting Market to Rise at a CAGR of 17.1% b | Page 4