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The Smart Lighting and Control Market is a dynamic industry that maintains to adapt rapidly, pushed via diverse marketplace factors. One key factor contributing to the boom of this marketplace is the increasing adoption of smart domestic technology. As purchasers are looking for extra comfort and strength efficiency in their houses, Smart Lighting solutions have received recognition. The potential to manipulate light systems remotely through smartphones or voice instructions enhances the general person's revel, making smart lights an appealing alternative for homeowners. Another giant marketplace element is the growing emphasis on power efficiency and sustainability. Governments and corporations globally are encouraging the usage of strength-efficient technologies to lessen carbon footprints and fight weather change. Smart Lighting systems, with their capability to alter brightness based totally on occupancy and natural light situations, contribute to power conservation.
The rise of the Internet of Things (IoT) has additionally played a pivotal role in shaping smart lighting and controlling the market. Integration with different clever gadgets and platforms lets users create interconnected ecosystems within their homes or businesses. For instance, clever lighting can be synchronized with smart thermostats, security systems, and digital assistants to create an unbroken and interconnected environment. The aggressive panorama is another vital market aspect influencing the boom of Smart Lighting solutions. As extra groups enter the marketplace, the kind of smart mild products and managed structures continue to enlarge. This opposition has led to innovation in terms of features, design, and affordability. Consumers now have an extensive range of options to choose from, catering to specific options and budgets. This competitive environment fosters non-stop improvements in the era, in addition to propelling the market ahead. Additionally, the increasing cognizance of the benefits associated with Smart Lighting solutions has contributed to the increase in the marketplace. Consumers are getting extra knowledgeable about the capacity cost, financial savings, comfort, and protection improvements supplied by using these systems.
Educational efforts from producers, shops, and enterprise influencers have played an important role in demystifying the Smart Lighting era and dispelling any apprehensions customers may have had. Regulatory projects and standards also influence the Smart Lighting and Control Market. Governments and regulatory bodies are imposing pointers to ensure the protection, interoperability, and strength efficiency of Smart Lighting merchandise. Compliance with those standards is now not only the most effective assures purchasers of the excellent reliability of the goods but also fosters a more dependent and regulated marketplace.
Smart Light Control Market Highlights:
Global Smart Light and Control Market Overview:
Smart Light and Control Market Size was valued at USD 3.8 Billion in 2022. The Smart Light and Control Market industry is projected to grow from USD 4.8 Billion in 2023 to USD 32.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 27.00% during the forecast period (2023 - 2032). The ongoing global energy crisis and increasing initiatives for mass deployment are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smart Light and Control Market Trends
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Prevailing issue of global energy crisis will drive market growth.
Market CAGR for smart light and control is being driven by the prevailing issue of global energy crisis. The rising worldwide demand for energy is driving up energy prices, reducing energy supplies, and raising concerns about climate change and its accompanying consequences. Higher energy demand is expected in the future global economy. Consumption is predicted to rise by more than 50% over the next 20 to 25 years, owing mostly to increased energy consumption in developing countries such as China and India. Furthermore, the risk of climate change associated with the use of fossil fuels has impacted energy availability.
The majority of domestic, commercial, and industrial electricity use is attributed to lighting. Lighting accounts for 15% of worldwide electricity use and 5% of global greenhouse gas emissions. Using high-efficiency LED lighting is one answer to this energy problem. It is one of the key causes of the consumer trend toward smart lighting, which is contributing to the global smart lighting market's quick rise. Intelligent lighting solutions, according to the International Energy Agency (IEA), can save up to 35% more energy than traditional lighting systems. LED technology is more efficient and has a longer lifespan than other technologies, which is another reason customers are turning to this technology.
The majority of emerging economies are devoting their attention to digital awareness and digitization. Most countries are actively implementing large-scale smart city initiatives as part of their digitization agenda. Smart lighting connected device system is one of the most important components of smart city projects because it employs a connected lighting system that is easily controlled by smart devices.
In the last decade, connected lighting systems have played a significant part in the intelligent and digital transformation of modern buildings and cities. This trend is projected to continue in the forecast term as the use of loT and connected devices in smart city schemes around the world grows. The adoption of smart lighting and control systems in smart city projects is expected to cut lighting system maintenance and energy expenses by 40% in a single year. This will also have a favourable impact on the environment. Most smart cities are now installing smart lighting and control systems or improving their current retrofit systems with the help of loT sensors. The use of smart lighting and control systems in smart city projects is likely to fuel market expansion internationally.
Because of rising security concerns and a growing demand for linked streetlights, governments around the world are launching programs to mass-deploy connected streetlights.
For instance, through asset management rules and time monitoring analytics, a government in the United States was able to minimize outages and linked street light maintenance expenses by about 50% with the use of connected street lights. Rio de Janeiro's on-street lighting network has been linked with security cameras, smart traffic lights, and other connected devices as part of the "Cidade Linda" (beautiful city) effort.
Smart Light and Control Market Segment Insights:
Smart Light and Control Offering Insights
The Smart Light and Control Market segmentation, based on Offering includes Software, Hardware. In 2022, the hardware sector led the market in terms of revenue share. Smart lighting hardware is further subdivided into lamps and luminaires, with the smart lamp category indicating considerable growth potential from 2022 to 2032. The popularity of connected lighting bulbs and fixtures that can change colours, dim lights, and turn on/off using a controlling device such as a smartphone or tablet is related to the hardware segment demand.
Figure1: Smart Light and Control Market, by Offering, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smart Light and Control Lighting Technology Insights
The Smart Light and Control Market segmentation, based on Lighting Technology, includes LED, Halogen, Incandescent, Fluorescent, and CFL. The LED category of the Smart Light and Control Market is the fastest expanding. LED lights use less energy and have a longer lifespan than traditional lighting systems. The LED market is predicted to expand due to rising demand for energy-efficient lighting systems and government programs encouraging the use of LED lights. LED lights are also less expensive and give more illumination than previous lighting systems. All of these reasons are helping to drive the LED segment's growth in the Smart Light and Control Market.
Smart Light and Control Connectivity Technology Insights
The Smart Light and Control Market segmentation, based on connectivity Technology, includes Bluetooth, Zigbee, Wifi, and DALI. In the Smart Light and Control Market, the Zigbee category has the biggest market share. Zigbee is a wireless communication protocol popular in smart lighting systems. It allows for low-cost, low-power wireless communication between devices. Users may manage their lighting systems using their cellphones or voice commands thanks to Zigbee technology. It also includes capabilities such as automatic dimming and lighting system scheduling. The Zigbee market is predicted to expand due to rising demand for energy-efficient lighting systems and the widespread usage of IoT technologies.
Smart Light and Control Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Smart Light and Control Market area will dominate this market; The presence of developing countries in the region is one of the primary driving factors for the market. Furthermore, the region's growing infrastructure-related activities are driving demand for smart lighting systems, propelling market expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Smart Light and Control Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Smart Light and Control Market accounts for the second-largest market share due to increased demand for intelligent lighting systems. Further, the German Smart Light and Control Market held the largest market share, and the UK Smart Light and Control Market was the fastest growing market in the European region
The Asia-Pacific Smart Light and Control Market is expected to grow at the fastest CAGR from 2023 to 2032. This is attributable to the growing demand from the commercial and residential application categories. Moreover, China’s Smart Light and Control Market held the largest market share, and the Indian Smart Light and Control Market was the fastest growing market in the Asia-Pacific region.
Smart Light and Control Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Smart Light and Control Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Smart Light and Controlindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Smart Light and Control industry to benefit clients and increase the market sector. In recent years, the Smart Light and Control industry has offered some of the most significant advantages to medicine. Major players in the Smart Light and Control Market, including Ecolab Mitsui Chemicals, Inc, NUOER GROUP, Zibo Xinye Chemical Co, Ltd, Zhejiang Xinyong Biochemical Co., Ltd and others, are attempting to increase market demand by investing in research and development operations.
Hubbell Incorporated is a corporation based in the United States that creates, manufactures, and sells electrical and electronic equipment for non-residential and residential construction, industrial, and utility applications. Harvey Hubbell began Hubbell as a sole proprietorship in 1888, and the company was incorporated in Connecticut in 1905. Fortune ranks it 602nd. The electrical segment (which includes electrical systems products and lighting products) and the Power section are the company's reporting segments. In March 2021, Hubbell Control Solutions has introduced a new and enhanced NX Distributed Intelligence Lighting Control Panel (NXP2 Series), which centralizes connection points in an enclosure and provides an installer-friendly option for deploying code compliant lighting control.
OSRAM Licht AG, headquartered in Munich and Premstätten (Austria), is a German manufacturer of electric lighting. OSRAM sees itself as a high-tech photonics company with a growing emphasis on sensor technology, visualization, and light treatment. Customers are served by the corporation in the consumer, automotive, healthcare, and industrial technology sectors. OSRAM GmbH is the operating corporation of OSRAM. In April 2020, OSRAM, a global manufacturer of lighting systems and smart lighting systems, has teamed with the Polish-American business Silvair, which offers global Bluetooth-based smart lighting solutions. OSRAM supplies a Bluetooth-based smart lighting solution that is interoperable with OSRAM lighting systems through this agreement.
Key Companies in the Smart Light and Control market include
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Acuity Brands, Inc.
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Koninklijke Philips N.V.
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Deco Lighting, Inc.
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Cisco Systems, Inc.
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Eaton
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Cree, Inc.
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Honeywell International Inc.
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Syska
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General Electric
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Koninklijke Philips N.V.
Smart Light and Control Industry Developments
January 2023, GE Lighting, a Savant company, announced the expansion of its Cync smart home network. Cync showcased their whole Dynamic Effects entertainment array, which includes 16 million colours, pre-set and personalized light shows, on-device audio synchronization, and other capabilities. Furthermore, following a successful introduction last year, Cync has expanded its Wafer light fixture range.
March 2021, Hubbell Lighting has announced a collaboration with Light AZ, a luminaire manufacturing firm based in Illinois, USA.
March 2021, Leviton has introduced a new line of Decora Motion Sensors aimed to give users with efficient lighting and motor load control as well as better detection functionality for accurate switching.
Smart Light and Control Market Segmentation:
Smart Light and Control Market By Offering Outlook
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Software
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Hardware
Smart Light and Control Market By Lighting Technology Outlook
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LED
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Halogen
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Incandescent
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Fluorescent
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CFL
Smart Light and Control Market By Connectivity Technology Outlook
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Bluetooth
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Zigbee
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Wifi
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DALI
Smart Light and Control Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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