Philips Lighting, a global leader in lighting, announced the launch of its new five-year sustainability program ‘Brighter Lives, Better World’ during the Climate Week NYC. This is the first time Philips Lighting has set sustainability goals as a standalone, listed company, building on the long legacy of Philips’ world class performance in sustainability and its EcoVision programs. Earlier this month, Philips won anindustry group leader position in the Dow Jones Sustainability Index Capital Goods categoryafter four years of consecutive nominations. Philips Lighting had an integral role in this achievement with its sustainable revenues reaching 72% of its total sales in 2015.

Leaders from Philips Lighting will meet today with Energy Ministers attending the seventh Clean Energy Ministerial (CEM7) summit in San Francisco, where the company will announce a commitment to sell more than 2 billion1 energy efficient LED light bulbs by 2020. Reaching this goal is estimated to save an amount of energy equivalent to that generated by 60 medium-sized coal-fired power stations with emissions equivalent to those from 24 million cars by 2020. The company will also reaffirm its pledge to make its global operations carbon neutral by 2020 and say that it expects electricity for its US operations to be 100% from renewable sources later this year.

According to a new market report published by Transparency Market Research “Smart Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” global smart lightning market was valued at US$  21 billion in 2013, growing at a CAGR of 15.9% from 2014 to 2020 to account for US$  56.62 billion in 2020.

Philips kicked off the smart bulb market nearly three years ago with its pricey Huebulb, but at this year's CES a horde of new entrants emerged.  The transition from incandescent to more energy efficient bulbs is an opening through which smart bulbs – LED bulbs with wireless radios built in, which can be controlled remotely – are gaining a foothold according to Strategy Analytics' Smart Home Strategies latest report. Belkin, GE and Philips are joined by Awox, Cree, LIFX, Sengled and a host of others are profiled in "Smart Light Bulbs: The Competitive Landscape".

North America is the largest region and Asia represents the fastest-growing region in the surgical lamps market. LED represents the largest and fastest-growing technology in surgical lamps market. High color rendering index (CRI) light lamps account for the largest segment while vein light lamps are the fastest-growing light lamps segment in the market.

Energy saving is one of the major concern for state and national governments throughout the globe. Energy loss through lighting has become national concern for the governments. Smart lighting is a new innovation in lighting technology developed for energy efficiency. Smart lighting technology may include efficiency fixtures and automated controls lighting system that make adjustments according to the conditions and requirement of the internal or external environment such as occupancy or availability of daylight. Everyday lighting consumes lot of electrical energy globally accounting for 20-50 % of total energy consumed globally. To reduce the total energy consumption it is essential to use limited electric energy that pertains to certain condition and requirement.

The market for connected LED or “smart” light bulbs is in its embryonic stage of development, with shipments totaling fewer than 2.5 million units in 2013. However, falling LED prices and the endorsement of ZigBee Light Link as the preferred connectivity solution by a number of leading lighting manufacturers means that annual smart bulb shipments are set to increase to 223 million by 2020, achieving a total installed base of over 400 million.