TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH COMPONENT
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 SMART LIGHTING MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY COMPONENT
6.2.1.1 SOFTWARE
6.2.1.2 SERVICE
6.2.2 BY PRODUCT TYPE
6.2.2.1 LUMINARIES
6.2.2.1.1 SMART BULBS
6.2.2.1.2 FIXTURES
6.2.2.2 LIGHTING CONTROLS
6.2.2.2.1 SENSORS
6.2.2.2.2 SWITCHES & DIMMERS
6.2.2.2.3 RELAY UNITS
6.2.2.2.4 GATEWAYS
6.2.2.2.5 LED SDRIVERS & BALLASTS
6.2.3 BY LIGHT SOURCE
6.2.3.1 LIGHT EMITTING DIODE (LED)
6.2.3.2 FLUROSCENT LAMPS (FL)
6.2.3.3 HIGH INTENSITY DISCHARGE LAMPS (HID)
6.2.4 BY COMMUNICATION TECHNOLOGY
6.2.4.1 WIRED
6.2.4.1.1 POWER LINE COMMUNICATION
6.2.4.1.2 POWER OVER ETHERNET
6.2.4.1.3 DIGITAL ADDRESSABLE LIGHTING INTERFACE
6.2.4.1.4 WIRED HYBRID PROTOCOLS
6.2.4.1.5 OTHERS
6.2.4.1.5.1 LONWORKS
6.2.4.1.5.2 KNX
6.2.4.1.5.3 PROPRIETARY PROTOCOLS
6.2.4.2 WIRELESS
6.2.4.2.1 ENOCEAN
6.2.4.2.2 WI-FI
6.2.4.2.3 ZIGBEE
6.2.4.2.4 WIRELESS HYBRID PROTOCOLS
6.2.4.2.5 BLUETOOTH
6.2.4.2.6 6LOWPAN
6.2.4.2.7 OTHERS
6.2.5 BY APPLICATION
6.2.5.1 INDOOR LIGHTING
6.2.5.1.1 RESIDENTIAL
6.2.5.1.2 COMMERCIAL
6.2.5.1.3 INDUSTRIAL
6.2.5.1.4 OTHERS
6.2.5.2 OUTDOOR LIGHTING
6.2.5.2.1 ARCHITECTURAL LIGHTING
6.2.5.2.2 LIGHTING AT PUBLIC PLACES
6.2.5.2.3 HIGHWAYS & ROADWAYS LIGHTING
6.2.5.2.4 OTHERS
6.2.6 BY REGION
6.2.6.1 NORTH AMERICA
6.2.6.1.1 U.S.
6.2.6.1.2 CANADA
6.2.6.1.3 MEXICO
6.2.6.2 EUROPE
6.2.6.2.1 U.K.
6.2.6.2.2 GERMANY
6.2.6.2.3 FRANCE
6.2.6.2.4 ITALY
6.2.6.2.5 REST OF EUROPE
6.2.6.3 ASIA PACIFIC
6.2.6.3.1 CHINA
6.2.6.3.2 JAPAN
6.2.6.3.3 SOUTH KOREA
6.2.6.3.4 INDIA
6.2.6.3.5 REST OF ASIA PACIFIC
6.2.6.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 PHILIPS LIGHTING HOLDING B.V. (THE NETHERLANDS)
7.2.2 ACUITY BRANDS LIGHTING, INC. (U.S.)
7.2.3 GENERAL ELECTRIC COMPANY (U.S.)
7.2.4 OSRAM LICHT AG (GERMANY)
7.2.5 HONEYWELL INTERNATIONAL INC. (U.S.)
7.2.6 LEGRAND S.A. (FRANCE)
7.2.7 SCHNEIDER ELECTRIC SE (FRANCE)
7.2.8 CREE, INC. (U.S.)
7.2.9 COOPER INDUSTRIES, INC. (IRELAND)
7.2.10 DIGITAL LUMENS, INC. (U.S.)
7.2.11 OTHERS
LIST OF TABLES
TABLE 1 SMART LIGHTING MARKET, BY COMPONENT
TABLE 2 SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 3 SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 4 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 5 SMART LIGHTING MARKET, BY APPLICATION
TABLE 6 SMART LIGHTING MARKET, BY REGION
TABLE 7 NORTH AMERICA SMART LIGHTING MARKET, BY COMPONENT
TABLE 8 NORTH AMERICA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 9 NORTH AMERICA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 10 NORTH AMERICA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 11 NORTH AMERICA SMART LIGHTING MARKET, BY APPLICATION
TABLE 12 NORTH AMERICA SMART LIGHTING MARKET, BY REGION
TABLE 13 U.S. SMART LIGHTING MARKET, BY COMPONENT
TABLE 14 U.S. SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 15 U.S. SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 16 U.S. SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 17 U.S. SMART LIGHTING MARKET, BY APPLICATION
TABLE 18 CANADA SMART LIGHTING MARKET, BY COMPONENT
TABLE 19 CANADA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 20 CANADA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 21 CANADA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 22 CANADA SMART LIGHTING MARKET, BY APPLICATION
TABLE 23 MEXICO SMART LIGHTING MARKET, BY COMPONENT
TABLE 24 MEXICO SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 25 MEXICO SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 26 MEXICO SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 27 MEXICO SMART LIGHTING MARKET, BY APPLICATION
TABLE 28 EUROPE SMART LIGHTING MARKET, BY COMPONENT
TABLE 29 EUROPE SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 30 EUROPE SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 31 EUROPE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 32 EUROPE SMART LIGHTING MARKET, BY APPLICATION
TABLE 33 EUROPE SMART LIGHTING MARKET, BY REGION
TABLE 34 UK SMART LIGHTING MARKET, BY COMPONENT
TABLE 35 UK SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 36 UK SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 37 UK SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 38 UK SMART LIGHTING MARKET, BY APPLICATION
TABLE 39 GERMANY SMART LIGHTING MARKET, BY COMPONENT
TABLE 40 GERMANY SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 41 GERMANY SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 42 GERMANY SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 43 GERMANY SMART LIGHTING MARKET, BY APPLICATION
TABLE 44 FRANCE SMART LIGHTING MARKET, BY COMPONENT
TABLE 45 FRANCE SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 46 FRANCE SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 47 FRANCE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 48 FRANCE SMART LIGHTING MARKET, BY APPLICATION
TABLE 49 ITALY SMART LIGHTING MARKET, BY COMPONENT
TABLE 50 ITALY SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 51 ITALY SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 52 ITALY SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 53 ITALY SMART LIGHTING MARKET, BY APPLICATION
TABLE 54 REST OF EUROPE SMART LIGHTING MARKET, BY COMPONENT
TABLE 55 REST OF EUROPE SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 56 REST OF EUROPE SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 57 REST OF EUROPE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 58 REST OF EUROPE SMART LIGHTING MARKET, BY APPLICATION
TABLE 59 ASIA PACIFIC SMART LIGHTING MARKET, BY COMPONENT
TABLE 60 ASIA PACIFIC SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 61 ASIA PACIFIC SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 62 ASIA PACIFIC SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 63 ASIA PACIFIC SMART LIGHTING MARKET, BY APPLICATION
TABLE 64 ASIA PACIFIC SMART LIGHTING MARKET, BY REGION
TABLE 65 CHINA SMART LIGHTING MARKET, BY COMPONENT
TABLE 66 CHINA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 67 CHINA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 68 CHINA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 69 CHINA SMART LIGHTING MARKET, BY APPLICATION
TABLE 70 JAPAN SMART LIGHTING MARKET, BY COMPONENT
TABLE 71 JAPAN SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 72 JAPAN SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 73 JAPAN SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 74 JAPAN SMART LIGHTING MARKET, BY APPLICATION
TABLE 75 SOUTH KOREA SMART LIGHTING MARKET, BY COMPONENT
TABLE 76 SOUTH KOREA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 77 SOUTH KOREA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 78 SOUTH KOREA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 79 SOUTH KOREA SMART LIGHTING MARKET, BY APPLICATION
TABLE 80 INDIA SMART LIGHTING MARKET, BY COMPONENT
TABLE 81 INDIA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 82 INDIA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 83 INDIA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 84 INDIA SMART LIGHTING MARKET, BY APPLICATION
TABLE 85 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY COMPONENT
TABLE 86 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 87 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 88 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 89 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY APPLICATION
TABLE 90 REST OF THE WORLD SMART LIGHTING MARKET, BY COMPONENT
TABLE 91 REST OF THE WORLD SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 92 REST OF THE WORLD SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 93 REST OF THE WORLD SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 94 REST OF THE WORLD SMART LIGHTING MARKET, BY APPLICATION
TABLE 95 REST OF THE WORLD SMART LIGHTING MARKET, BY REGION
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 SMART LIGHTING MARKET, BY COMPONENT
FIGURE 3 SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 4 SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 5 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 6 SMART LIGHTING MARKET, BY APPLICATION
FIGURE 7 SMART LIGHTING MARKET, BY REGION
FIGURE 8 NORTH AMERICA SMART LIGHTING MARKET, BY COMPONENT
FIGURE 9 NORTH AMERICA SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 10 NORTH AMERICA SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 11 NORTH AMERICA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 12 NORTH AMERICA SMART LIGHTING MARKET, BY APPLICATION
FIGURE 13 NORTH AMERICA SMART LIGHTING MARKET, BY REGION
FIGURE 14 U.S. SMART LIGHTING MARKET, BY COMPONENT
FIGURE 15 U.S. SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 16 U.S. SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 17 U.S. SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 18 U.S. SMART LIGHTING MARKET, BY APPLICATION
FIGURE 19 CANADA SMART LIGHTING MARKET, BY COMPONENT
FIGURE 20 CANADA SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 21 CANADA SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 22 CANADA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 23 CANADA SMART LIGHTING MARKET, BY APPLICATION
FIGURE 24 MEXICO SMART LIGHTING MARKET, BY COMPONENT
FIGURE 25 MEXICO SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 26 MEXICO SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 27 MEXICO SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 28 MEXICO SMART LIGHTING MARKET, BY APPLICATION
FIGURE 29 EUROPE SMART LIGHTING MARKET, BY COMPONENT
FIGURE 30 EUROPE SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 31 EUROPE SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 32 EUROPE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 33 EUROPE SMART LIGHTING MARKET, BY APPLICATION
FIGURE 34 EUROPE SMART LIGHTING MARKET, BY REGION
FIGURE 35 UK SMART LIGHTING MARKET, BY COMPONENT
FIGURE 36 UK SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 37 UK SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 38 UK SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 39 UK SMART LIGHTING MARKET, BY APPLICATION
FIGURE 40 GERMANY SMART LIGHTING MARKET, BY COMPONENT
FIGURE 41 GERMANY SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 42 GERMANY SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 43 GERMANY SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 44 GERMANY SMART LIGHTING MARKET, BY APPLICATION
FIGURE 45 FRANCE SMART LIGHTING MARKET, BY COMPONENT
FIGURE 46 FRANCE SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 47 FRANCE SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 48 FRANCE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 49 FRANCE SMART LIGHTING MARKET, BY APPLICATION
FIGURE 50 ITALY SMART LIGHTING MARKET, BY COMPONENT
FIGURE 51 ITALY SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 52 ITALY SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 53 ITALY SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 54 ITALY SMART LIGHTING MARKET, BY APPLICATION
FIGURE 55 REST OF EUROPE SMART LIGHTING MARKET, BY COMPONENT
FIGURE 56 REST OF EUROPE SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 57 REST OF EUROPE SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 58 REST OF EUROPE SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 59 REST OF EUROPE SMART LIGHTING MARKET, BY APPLICATION
FIGURE 60 ASIA PACIFIC SMART LIGHTING MARKET, BY COMPONENT
FIGURE 61 ASIA PACIFIC SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 62 ASIA PACIFIC SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 63 ASIA PACIFIC SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 64 ASIA PACIFIC SMART LIGHTING MARKET, BY APPLICATION
FIGURE 65 ASIA PACIFIC SMART LIGHTING MARKET, BY REGION
FIGURE 66 CHINA SMART LIGHTING MARKET, BY COMPONENT
FIGURE 67 CHINA SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 68 CHINA SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 69 CHINA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 70 CHINA SMART LIGHTING MARKET, BY APPLICATION
FIGURE 71 JAPAN SMART LIGHTING MARKET, BY COMPONENT
FIGURE 72 JAPAN SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 73 JAPAN SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 74 JAPAN SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 75 JAPAN SMART LIGHTING MARKET, BY APPLICATION
FIGURE 76 SOUTH KOREA SMART LIGHTING MARKET, BY COMPONENT
FIGURE 77 SOUTH KOREA SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 78 SOUTH KOREA SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 79 SOUTH KOREA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 80 SOUTH KOREA SMART LIGHTING MARKET, BY APPLICATION
FIGURE 81 INDIA SMART LIGHTING MARKET, BY COMPONENT
FIGURE 82 INDIA SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 83 INDIA SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 84 INDIA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 85 INDIA SMART LIGHTING MARKET, BY APPLICATION
FIGURE 86 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY COMPONENT
FIGURE 87 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 88 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 89 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 90 REST OF ASIA PACIFIC SMART LIGHTING MARKET, BY APPLICATION
FIGURE 91 REST OF THE WORLD SMART LIGHTING MARKET, BY COMPONENT
FIGURE 92 REST OF THE WORLD SMART LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 93 REST OF THE WORLD SMART LIGHTING MARKET, BY LIGHT SOURCE
FIGURE 94 REST OF THE WORLD SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 95 REST OF THE WORLD SMART LIGHTING MARKET, BY APPLICATION
FIGURE 96 REST OF THE WORLD SMART LIGHTING MARKET, BY REGION
Smart Lighting Market
The global smart lighting market is expected to reach USD 30,658.36 million, growing at a CAGR of approximately 17.5% during the forecast period 2019-2026
$30,658.36 million
Market Size
17.5%
CAGR
European
Dominating Region
2019-2026
Forecast Period
Segmentation
Key Players
- Koninklijke Philips (Netherlands)
- Osram Gmbh (Germany)
- Lutron Electronics Co. Inc. (US)
- Legrand S.A. (France)
- Daintree Networks (US)
- Bridgelux (US)
- Echelon Corporation (US)
- Streetlight vision (France)
- Zumtobel (Austria)
- Honeywell (US)
- Acuity Brands
- Inc. (US)
- General Electric Company (US)
- Eaton Corporation (Ireland)
Drivers
- Increasing demand for smart lighting solutions
- Cost effectiveness.
Smart Lighting Market Overview
In this technology-driven world, the new way to light our homes is smart lighting. Smart lighting is an advanced way to light homes with access to technology. Smart LED lights contain software that connects to an application, smart home assistant, or any other accessory to automate lights or to control them remotely, which ultimately eliminates the need for traditional wall switches. Due to all this advancement in technology smart lighting market is booming. All over the Globe, this lighting innovation has enabled many businesses a strong path for opportunities. This is also due to the fact, Government is taking various measures to develop smart cities as a result leading to more smart lighting market opportunities. Many key players are working in the advancement of Led by changing its color from white to orange as it is more compatible and familiar in some remote areas as compared to the previous white light.
Not only this, but growing awareness among the people also concerning the environment, and rising technology are the major factors that are responsible for the growth of the smart lighting market in the coming years.
The global smart lighting market is expected to reach USD 30,658.36 million, growing at a CAGR of approximately 17.5% during the forecast period 2019-2026
COVID 19 Analysis
The pandemic of COVID 19 has made an eternal impact on the lives of people. It not only disrupted the health sector but also lead to disaster in the economic sector. No one has to move ahead in the scenario of forced recession. With the global downturn, it becomes very difficult for each business group to increase their sales and production. The smart lighting industry is expected to recover its business in the first quarter of the coming year.
The Smart Lighting Market is trying to take stock of the situation and to take necessary measures to ensure cost-effectiveness and to increase the overall demand for the product. The smart lighting industry is putting its best foot forward to get the best insight into their clients and market to recover from the loss caused by this pandemic. The Smart Lighting Market is also trying its best to increase its market share in this situation by looking out for various opportunities available to them.
Market Dynamics
- Drives:
The growth of the smart lighting market in the global market is possible due to the advancement of an integrated lighting control system. With this integrated control system, one can access the control of LED lights from one place only and does not have to move around for switching it on and off. Smart lighting is also in trend due to the smart city projects in developing countries like India. The smart lighting market share is also increasing owing to its benefit of cost-effectiveness and growing awareness of saving electricity among government and consumers.
- Cumulative Growth Analysis
The increasing demand for smart lighting products. It has been forecasted that the lighting industry will rise with a CAGR of approximately 27% by 2027. The overall Smart Lighting Market share of smart lighting is increasing very rapidly. It is not only used in housing but also the malls and now people are using it in their business also to make their life easy and comfortable. With the smart Led lighting one can have access to the whole control system in just one click. It also ensures fixture efficiency that can be adjusted according to the need of the clients. The rise in usage of Led in the street lights is also setting smart lighting trends. In the coming 6 years, the Global Smart Lighting Market will touch its height.
- Value Chain Analysis
With the advancement in technology and with the vigorous rise of wireless networking smart lighting industry is gaining a lot of popularity. It has made life if people easier many times and hustle free. Smart lighting is applicable in the residential sector, commercial buildings, government buildings, industrial sector, and automobiles. With the growing use of mobile phones in our day-to-day life, the usage of smart lighting systems is also increasing owing to an increase in demand many more times.
It also provides variations in color and brightness of fixtures which also attracts the clients to switch from traditional lighting to smart lighting. It is also beneficial as far as the environment is concerned as smart lighting reduces greenhouse emissions.
Segment overview
The Global market is globally categorized based on type, light source, communication technology, software, and service and application.
Based on type segment, the Smart lighting market can be categorized as smart bulbs, smart lamps, traffic lights, street lights, fixtures, and lighting control such as LED drivers and ballasts, sensors and switches, wireless dimmers, relay units, and gateways.
Based on the light source segment, the Global Smart Lighting Market market is segmented as a fluorescent light source, LED light source, HID light source, orange light source, and another light source.
Based on the communication technology segment, the Smart lighting market is categorized as wired communication technology and wireless communication technology.
Based on the software and service segment, the Global market is segmented in terms of software as smartphone applications, cloud-based and web-based applications, and in terms of service as pre-installation services and post-installation services.
Based on the application segment, the Smart lighting market is categorized as indoor lightings such as for residential, commercial, industry, and outdoor lighting such as for architectural lighting, lighting for public places, highway, and roadways lighting.
Regional Analysis
The smart lighting market is marking its trend globally. It is mostly studied in Asia Pacific, North America, Europe, Rest of the World. During 2014, the smart lighting industry is dominated by European regions and it is also estimated to sustain its position in the coming years also. After the European region, the next most leading region is North America due to the increased adoption of a smart lighting system and energy-efficient solution to the lighting problem. The fast-growing Smart Lighting Market due to low labor cost, availability of raw material in the usage of smart lighting is expected to be the Asia Pacific region.
Competitive Landscape
Some many technologies giants are the major key players in the smart lighting industry are as follows:
- Koninklijke Philips (Netherlands)
- Osram Gmbh (Germany)
- Lutron Electronics Co. Inc. (US)
- Legrand S.A. (France)
- Daintree Networks (US)
- Bridgelux (US)
- Echelon Corporation (US)
- Streetlight vision (France)
- Zumtobel (Austria)
- Honeywell (US)
- Acuity Brands, Inc. (US)
- General Electric Company (US)
- Eaton Corporation (Ireland)
All of these key market players are dealing in both organic and inorganic growth strategies so that their position in the global market should be strengthened. The Smart Lighting Market companies are constantly working on new product development strategies to enhance their market share with the integration of advanced technology with wireless technology.
Recent Developments
- Because of the Government’s initiative of making smart cities, the indoor application has shown a significant growth rate in the smart lighting market. It is also forecasted that it will show tremendous growth in the coming years.
- With the increase in high-speed wireless technology, indoor lighting infrastructure is becoming more prominent, as it is cost-effective and hence gives a lot of opportunities to lighting-based applications.
- Due to the change in lifestyle of young generations, demand for interior lighting especially in hotels, office buildings, automobiles are boosting at an alarming rate.
- With the usage of a smart lighting system, the commercials are done cost-effectively as the installation is not that high, and Led fixture can easily create tenable endpoints.
- The consumption of global energy in buildings is one-third, smart lighting offers various opportunities for reducing emission activities.
Report overview
The smart lighting market research report covers the following:
- Market overview
- COVID 19 Analysis
- Market Dynamics
- Value Chain Analysis
- Market segmentation overview
- Regional Analysis
- Competitive Landscape
- Recent Developments
This report involves the analysis of the functions of the smart lighting market in previous years. The impact of the COVID 19 pandemic and the forecast of growth to 2027 is also estimated and mentioned.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 30,658.36 Million |
| CAGR | 17.5% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Product Type, Light Source, Communication Technology, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Philips Lighting Holding B.V. (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Legrand S.A. (France), Schneider Electric SE (France), CREE, Inc. (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.) |
| Key Market Opportunities | Technical advancements and increasing investments in infrastructure modernization projects. |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
USD 30,658.36 billion
The fact that smart offices and homes are popular and the fact that smart lighting saves people and businesses money in the long term.
The European Union
● Osram Licht AG, ● Cooper Industries, Inc., ● Honeywell International Inc., ● Philips Lighting Holding B.V., ● General Electric Company, ● AcuityBrands Lighting, Inc., ● Schneider Electric SE, ● Digital Lumens, Inc., ● CREE, Inc., and ● Legrand S.
