Industrial and Commercial Sector is Expected to Dominate the Global Bluetooth LED Bulb Market.
Developments
of the government and Industrial bodies to reduce energy cost are a major
factor attributable to the growth of the market.
According to TechSci
Research report, “Global Bluetooth LED Bulb Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”. The Global Bluetooth
LED Bulb is anticipated to project robust growth in the forecast period with a
CAGR of 9.82% through 2028. luetooth 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 it’s 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.
Moreover, the growing significance of smart homes is further expected to drive
the demand for these Bluetooth connected bulbs. In August 2018, the Chicago
Department of Transportation announced the implementation of Streetlight
Modernizing Program with the aim to replace 270,000 conventional street lights
with LED bulbs in the next four years. Such developments of the government and
Industrial bodies to reduce energy cost has been impact the LED light demand
and is expected to positively impact the market.
Rising awareness
regarding technologies such as wireless optical networking data transmission,
light fidelity, and the Internet of Things (IoT) is expected to positively
impact the market. Over the past few years, the growing demand for
energy-efficient lighting systems has been promoting the adoption of advanced
products including Bluetooth LED bulbs.
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Based on End User, Rising
Demand from Industrial and Commercial Sector to Augment the Growth. 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. Moreover, technological advancements in manufacturing along with high
investments owing to the ‘Industrial 4.0’ revolution is helping the LED
fixtures market make rapid strides in industrial applications. Factors such as
high demand for cost-effective and energy-saving LED lighting, government
campaign towards LED adoption, and the need for replacing traditional lighting
are expected to fuel the growth of the industrial and commercial LED lighting
market. However, voltage sensitivity and temperature dependence are expected to
hinder the market growth. On the contrary, surge in need for smart lighting is
expected to offer lucrative opportunities for industrial and commercial LED
lighting market expansion. Lighting consumes approximately 15% of total global
power consumption. Moreover, lights produce around 5% of global carbon
emission. Thus, the United Nations Environment Programme (UNEP) has released
certain guidelines on energy-saving lighting solutions to reduce carbon
emissions.
Based on Region, Asia-Pacific
to be the Fastest Growing Market. 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
outdated technology is replaced by something more advanced and profitable. In
India, the government supported the plan of deploying cost-effective LED’s
across the end-users has received a warm response. According to the government,
LED adoption was driving an annual energy savings of over 3,340 crore kWh and
resulting in avoidance of over 6,725 MW of peak demand. Also, the growing smart
homes market in India is expected to increase the demand for Bluetooth LED
bulbs.
Key
market players in the Global Bluetooth
LED Bulb Market are following:-
- Acuity Brands Lighting
Inc.
- Delta Light N.V.
- Eaton Corporation PLC.
- Evluma
- General Electric
Company
- Ilumi Solutions Inc.
- Ledvance GmbH
- Luceco PLC.
- OPPLE Lighting Co.
- Osram GmbH
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“The global Bluetooth
LED bulb market is driven by the rapid proliferation of smart home technology,
enabling seamless integration into connected ecosystems. Consumers value the
convenience of voice control and smartphone apps, enhancing their lighting
experiences. Energy efficiency remains paramount, with Bluetooth LED bulbs
offering significant energy savings. Customization features, such as color
options and dimming, cater to user preferences. Compatibility with popular
voice assistants broadens market appeal. As sustainability gains importance,
these bulbs align with environmental goals. Government regulations and
incentives further promote adoption. The convergence of these factors positions
Bluetooth LED bulbs as a key player in the smart lighting market's expansion.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Bluetooth LED Bulb Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented By Compatible Device Type (Smartphones,
Laptops, Tablets), By End-User (Industrial, Commercial, Residential), By
Region, Competition 2018-2028 has
evaluated the future growth potential of Global Bluetooth LED Bulb Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Bluetooth LED Bulb Market.
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