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Significant COVID-19 Impact on Smart Lightning in ICT Industry | Data Bridge Market Research


COVID-19 Impact on Smart Lightning in ICT Industry
INTRODUCTION
The concept of smart lightening has emerged in past few years in the market and its connection and operation with wireless charging could unleash a new residential lighting revolution. The light industry has seen major changes over the past two decades. The lights were introduced as the incandescent light by Edison and now the industry has transitioned to LED (light-emitting diode) bulbs beyond the forces of regulations.
The lightening economics changed with the introduction of LED (Light-emitting diode) and CFLs. LED (Light-emitting diode) are 5 times more energy efficient and last 23 times as long as compared to the old lightening devices or bulbs. As per a study conducted in the USA, households spend around USD 24 billion annually on electrical supplies, with over USD1bn expense is only in light bulb purchases made each year. According to a 2010 DOE study, nearly 6bn residential lights are operating across the US. This resulted in 175TWh of electricity being consumed, accounting for ~13% of all residential electricity consumption. If all 6 billion lights were using a Smart LED (Light-emitting diode) it can result in saving of almost USD 34 billion in annual energy cost. As a result, the LED (Light-emitting diode) lights last longer and use much less energy.
In an interview, David Kavanagh, senior director of consumer products at LIFX, an Australian company known for its line of smart bulbs, said “We’ve always been trying to build the premium light bulb in the market and we have added pieces of tech, such as ambient light sensors, accelerometers, infrared, and additional pieces of technology in our products. The company introduced its infrared-emitting LIFX+ bulbs, which help cameras equipped with night vision see better in the dark, in 2017.” He added “There are interesting things that can happen when you can have sensors in bulbs that traditionally rely on Wi-Fi, cloud, or Bluetooth. If you’ve got things in the bulb that can be running locally, you’ve got the ability to handle some use cases that don’t require those things.”
But the sudden outbreak of COVID-19 globally has somewhere impacted the innovations taking place in the industry. It has impacted both positively and negatively the market. Even after that, it is expected that smart lightening will boom post COVID-19 with a great growth potential.

IMPACT COVID-19 ON SMART LIGHTNING PAUSE ON ONGOING PROJECTS
Due to the spread of coronavirus, the various ongoing projects have to shut down and put on hold immediately. Read in detail...

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