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(IT-NEWSWIRE.COM, November 08, 2019 ) Market Overview:
Bluetooth LED bulb is an innovative technology that makes the use of intelligent lighting control systems to manage light and its color. Due to its increasing cost competitiveness, this technology has begun to compete with a wide variety of lighting applications. Additionally, these bulbs can be operated through specially designed smartphone apps.
Market Dynamics:
Growing adoption of smart lighting solutions for hospitality, office, and home are majorly driving the demand for Bluetooth LED bulbs across the globe. With the rising number of smartphone and tablet users, demand for smart LED bulbs controlled by Bluetooth connectivity is also driving.
One of the major factors restraining the growth of the Bluetooth LED bulb market is increasing competition from IOT and wi-fi enabled LED bulbs.
Market Segmentation:
Bluetooth LED bulb market is segmented based on the compatibility type and application.
Based on the compatibility type smartphone market is anticipated to have the largest market share owing to the rising use of Bluetooth Mesh technology which does not require any special wiring, hub, or electrical boards that is controlled via mobile applications.
Smartphone apps such as the Sochi app that can customize and save individual light settings, as well as memorize the movement and customization pattern for ease of use.
In smartphones, easy mobility and rising use of Bluetooth controlled lighting apps are other significant factors leading to the rising demand for smartphone-compatible bright Bluetooth LED bulbs.
In terms of application, the Commercial segment is anticipated to exhibit the largest market share in the global Bluetooth LED bulb market. Within the commercial division, office spaces and hospitality are the significant users of bluetooth LED bulb market, as they can control lighting systems when not in use, thus saving the energy bills.
Therefore they are upgrading to critical lighting solutions, by using smart LEDs solutions and connected lighting solution, to receive an immediate payback on their investment through improved energy efficiency, light quality, and control.
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Geographical Analysis:
Asia-Pacific holds the largest market share of global Bluetooth LED bulb market owing to the falling LED prices in this region.
As the region is currently experiencing a tremendous shift in lighting systems, where companies in this region have identified to adopt LED lights in industries and manufacturing plants over incandescent and CFL(Compact fluorescent lamp) owing to the improved efficiency of the 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 terms of energy utilization.
In India, the government supported the plan of deploying cost-effective LEDs across the end-users has received a warm response. With the growing smart homes market in India, it is expected to increase the demand for Bluetooth LED bulbs in the Asia-Pacific region.
Competitive Analysis:
Some of the key players in the industry are General Electric, Syska LED Lightings, and OPPEL Lighting Co.
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Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
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Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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