Top 3 Trends Impacting the LED Lighting Market in Brazil 2017-2021 Through 2021: Technavio

LONDON–(BUSINESS WIRE)–#LEDlighting–Technavio’s latest market research report on the LED
lighting market in Brazil provides an analysis on the
most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

Raghu Raj Singh, a lead analyst from Technavio, specializing in research
on lighting
sector, says, “The LED lighting market in Brazil is expected to grow
at a CAGR of more than 14% during the forecast period. The residential
and retail segments are the largest contributors to the market due to
increasing demand for energy-efficient lighting systems.”

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The top three emerging market trends driving the LED
lighting market in Brazil according to Technavio research
analysts are:

• Emergence of smart lighting
• Increasing urban population and households
• Emergence of smart cities

Emergence of smart lighting

Smart lighting helps save electricity by controlling the cooling,
heating, and lighting. It also enables the control of appliances
remotely. It helps reduce electricity expenses as it determines when
exactly a light should be switched on or off. Different smart lighting
networks do diverse things, but some of the popular features of smart
lights include switching on when someone enters a room or change color
under some conditions. Smart lighting network does all the work
automatically, and programming of the lights can be done to respond to
the users’ commands.

“The adoption of LEDs can provide significant energy savings, as well
as new opportunities for integration with smart and IoT initiatives. The
increasing inclination toward smart lighting in Brazil is encouraging
vendors to establish strategic partnerships and to develop a smart
lighting ecosystem in Brazil. In 2017, Gooee, a smart lighting startup,
partnered with Brazilian LED lighting solution provider Lumicenter
Lighting Group to explore the opportunities of IoT technology in LEDs,” says
Raghu.

Increasing urban population and households

Increasing urbanization in Brazil is leading to growing demand for LED
lighting products to cater to the growing number of households. As the
residential sector is the major revenue contributor in the LED general
lighting market in Brazil, the growth of the residential sector will
positively impact the market. The commercial sector in Brazil is also
growing rapidly, which has led to rapid urbanization in many areas of
Brazil such as Rio de Janeiro and São Paulo.

The Brazilian government is investing in large-scale urban
infrastructure projects, in order to meet the needs of the growing
population. For instance, in 2016, the Brazilian government announced a
concession of 34 infrastructure projects that will be awarded to the
private sector. All these projects will require lighting sources, which
will lead to an increase in the use of LED lighting, as it is more
efficient than traditional lighting sources.

Emergence of smart cities

A smart city incorporates the combination of IoT technology and
information and communication technology (ICT) in a secure manner to
manage a city’s assets. Smart cities can transform the life and work of
its inhabitants, both economically and socially. The Brazilian
government is investing in technologies such as water management, smart
grids, smart street lighting, climate action plans, urban mobility, and
smart parking to achieve this goal.

A number of cities throughout Brazil have implemented or have begun the
development of smart city projects that would be deployed in the near
future. Some of the noteworthy examples of cities undertaking such
projects are São Paulo, Rio de Janeiro, Brasilia, and Curitiba. In many
of the cases, smart technologies are being used to transform the
existing cities.

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

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