Smart Phones Sector is Expected to Dominate the Global Residential Bluetooth LED BulbMarket.
Energy
Efficiency and Cost Savings and Smart Home Integration are a major factor
attributable to the growth of the market.
According to TechSci
Research report, “Global Residential Bluetooth LED BulbMarket - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Residential Bluetooth LED Bulbis anticipated
to project robust growth in the forecast period with a CAGR of 10.67% through 2028. 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 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 Compatible
Device Type, Smart Phones segment will dominate the market. The global
residential Bluetooth LED bulb market has witnessed remarkable growth,
primarily due to its seamless connectivity with smartphones. These intelligent
lighting solutions can be effortlessly controlled through dedicated mobile
applications, enabling users to adjust brightness levels, change colors, set
schedules, and even create customized lighting scenes with a simple tap on
their smartphones. This connectivity enhances convenience and flexibility, allowing
homeowners to remotely manage their lighting from anywhere, whether they are at
home or away. Moreover, the integration of Bluetooth technology with voice
assistants like Amazon Alexa and Google Assistant further amplifies the user
experience, enabling voice commands for hands-free control. This connectivity
not only adds a layer of sophistication to residential lighting but also aligns
with the broader trend of smart home automation. As the smartphone continues to
serve as a central hub for controlling various aspects of our homes, the
residential Bluetooth LED bulb market is poised for sustained growth, offering
enhanced comfort and energy efficiency to consumers worldwide.
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 Residential
Bluetooth LED BulbMarket 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 Residential
Bluetooth LED Bulbmarket 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.
Residential Bluetooth LED Bulb Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Compatible
Device Type (Smartphones, Laptops, Tablets), By Region, Competition 2018-2028 has evaluated the future growth potential
of Global Residential 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 Residential Bluetooth LED Bulb Market.
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