Future of the Smart Lighting Industry

Keynote speech in progress at the Middle East Smart Energy and Lighting Summit 2014

The current pace of technological advancement in the lighting industry is unprecedented. Global awareness on the benefits of energy efficiency coupled with government-led energy efficiency regulations and measures has played a critical role in the mass adoption of intelligent lighting solutions. It is a growing concept that appeals to a wide audience base; apart from home owners, many governments and private entities are also implementing smart lighting solutions. Undoubtedly, the concept of smart lighting is the way of the future.

Technology is transforming innovation at its core. Using the power of technology, leading private players are not only implementing smart lighting indoors but have also undertaken key pilot projects in many towns and cities across the world to develop LED lighting of tomorrow. The adoption of LED lighting brings forth numerous advantages, most important being its low power consumption and durability. A number of cities across the globe are exploring the link between better lighting and making the city smarter. Deploying intelligent lighting solutions in street lighting and parking allotments is integral to smart city development.

Unarguably, the global smart lighting market is on an upswing and is expected to exceed a market size of EUR 100 billion in 2020. Some industry reports indicate that the growth of the smart lighting market is expected to reach $56 billion by the year 2020, while the total global market for networked lighting controls will be over $5 billion. Globally, retail and hospitality are key growth segments for smart lighting that offer a tremendous growth opportunity. The developments in the lighting industry are manifold – from the introduction of sustainable products and solutions to improvements in street lighting, from façade lighting to indoor lighting.

Presently, Europe has the largest market for smart lighting especially in the commercial end user applications. Analysts predict that the GCC lighting industry market is on a double-digit growth, approximating the market to reach $3.5 billion by 2020. In the Middle East, the demand for intelligent lighting is strengthened by government’s adoption of smart infrastructure solutions in segments such as street-lighting. The Abu Dhabi government is implementing a sustainable lighting project that reduces power consumption by at least 60%, ensures drastic reduction in overall costs by 40% - 80% over 20 years and curbs carbon dioxide emission by 75%.

Understanding that lighting plays an integral role in today’s urban life and is not to be considered as just another functional commodity, the Middle East Smart Lighting and Energy Summit 2015, to be held on 23-24 November, 2015 at Jumeirah at Etihad Towers, Abu Dhabi will discuss the broad developments in smart technology in lighting.

For more event details, please log on to www.lightingsummit.com

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