Introduction of Smart Lighting Market Report

Smart lighting is the advanced lighting technology specially designed to provide an energy-efficient way to manage the lighting systems of homes and buildings. It basically consists of a high-efficiency fixtures and automated controls which adjust the lighting system based on different conditions such as daylight availability. The smart lighting system uses smart LED light bulbs that are connected to the Internet of Things (IoT), collects usage data, and allows lighting to be completely automated or controlled remotely through smartphones, tablets, or smart assistance such as Amazon Alexa. These systems reduce energy consumption, saves money, improves security level while allowing to create an entire smart home. The global market for smart lighting has been categorized into new installations and retrofit installations on the basis of installation types.

To have an edge over the competition by knowing the market dynamics and current trends of “Smart Lighting Market,” request for Sample Report here

The major factors contributing to the growing demand of the global smart lighting market include the emergence of integrated lighting systems and the increasing smart city projects in developing economies across the globe. Various governments are mainly focusing on developing sustainable smart cities that uses information and communication technologies (ICTs) and other means to improve quality of life, the efficiency of urban operation and services while meeting the needs of present and future generations in relation to economic, social and environmental aspects. For instance, Dubai’s government has launched the “Dubai Plan 2021” which aims to transform the city into a leading smart city.

The rising awareness about the benefits of LEDs along with the declining price of LEDs will have a positive impact on the growth of the smart lighting market over the coming years. The LED lights offer several advantages such as it is energy-efficient, have a longer lifespan, and works in extreme temperatures. With the integration of lighting systems with smartphones and the development of the numerous smart home systems such as Amazon Alexa, Google Assistant, and Samsung SmartThings Hub, will attract a large number of customers towards smart lighting systems all over the world.

The emergence of the coronavirus crisis is adversely impacting the global smart lighting market around the globe. The strict lockdown has affected the raw material supplies of electronic components due to the temporary shutdown of manufacturing plants in China. The rapid disruption in the supply chain is resulting in a sharp fall in the demand for the smart lighting systems. However, the market is expected to bounce back in 2021 while growing at a significant rate from 2022 onwards.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on installation, the global smart lighting market is segmented into New Installation and Retrofit Installation. The New Installation segment is projected to dominate the market during the forecast period owing to the rising demand for smart lighting system across various places such as homes, corporate offices, parking spaces, and shopping malls. Moreover, with the evolution of wireless technologies and the continuous development in electronics and sensor technology, it has become necessary for the customers to opt for smart lighting systems. Thus, all these factors are responsible for driving the growth of the segment in the coming years.

Based on offering, the global smart lighting market is segmented into Hardware, Software, and Services. The hardware segment is estimated to grow at a higher CAGR during the forecast period due to the continuous product innovation in the lighting controls, including lamps and luminaries. The integration of lighting control products with lights & luminaries has enabled the embedding of software on microcontrollers, thereby adding as a competitive advantage to the lighting control system. These systems offer sensors controlling option, which will further drive the demand of the market over the coming years.

Based on the end-use application, the global smart lighting market is segmented into indoor and outdoor. The outdoor segment is expected to grow at a higher CAGR during the forecast period due to the increasing usage of smart lighting systems on roads, highways, traffic lights, and other public places such as parking areas. The smart road lighting system improves visibility on the roads, thereby increasing the safety level on the roads. Several countries, such as Norway, are using the smart road lighting system to address the problem of useless illumination of densely or rarely traveled roads while saving the energy.

Based on the Communication Technology, the Power over Ethernet (PoE) wired communication technology segment is projected to grow at a higher CAGR during the forecast period owing to the decline in the price of LEDs and the growing awareness about the benefits of LEDs among the end-users. In addition to this, the growing adoption of PoE solutions across various industries, such as commercial and healthcare will surge the growth of the smart lighting market. The key market players are focusing on developing more efficient and power-saving lighting products, which will create new opportunities in the smart lighting market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, the Asia-Pacific region is anticipated to dominate the market during the forecast period owing to the growing emphasis on the minimization of the energy consumption by using smart lighting system in various developing nations such as India, China, and Japan. The government initiatives to offer LED lights at a subsidized price along with its remarkable benefits such as environment-friendly, less power consumption, and contains no harmful substances, will drive the growth of the Global Smart Lighting market in this region. Moreover, the continuous development of highways and roads with an aim to reduce power consumption will surge the demand for smart street lighting systems. The smart lighting system is cost-effective, provides high visibility, and is controlled by real-time system. With the rapid urbanization and the increasing population of developing economies, it has become necessary to develop smart cities in order to optimize the usage of space and resources. Many countries such as Japan, South Korea, Singapore, and Vietnam are focusing on the development of smarter cities by emphasizing on smart home technology, smart roader, and digitalization. All these factors will complement the growing demand of the market in this region.

Various notable players operating in the market include Signify Holding, Legrand, Acuity Brands Lighting, Inc., Eaton Corporation, General Electric Company, OSRAM GmbH., Leviton Manufacturing Co., Lutron Electronics, Zumtobel Group AG, Honeywell International Inc., and Hubbell.

Key Developments:

• • In 2020, Legrand announced the expansion of its Netatmo Smart home technology with two new additions of smart lighting controls in the U.S. The basic aim of the new smart switches is to reduce the power consumption, remote surveillance, and provide control functions such as controls of lights and electrical appliances.
  • In 2020, OSRAM GmbH entered into a partnership with Casambi, the market leader in wireless lighting control and networks. By the expansion of the partnership, OSRAM GmbH will be able to utilize the wireless lighting control solution of Casambi, thereby providing exceptional user experience, high performance, and scalability.
  • In 2020, Leviton Manufacturing Co., launches a New Decora Smart Voice Dimmer with Amazon Alexa Built-in which provides smart lighting and a voice assistant in a single device. It offers best-in-class lighting control performance along with customizes settings.

The global smart lighting market has been segmented based on Installation Type, Offering, End-Use Application, Communication Technology, and regions. Based on Installation, the market is segmented into New Installations and Retrofit Installations. Based on Offering, the market is segmented into Hardware, Software and Services. Based on End-Use Application, the market is segmented into Indoor and outdoor. Based on the Communication Technology, the market is segmented into Wired technology and wireless technology.

For detailed scope of the “Smart Lighting Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Smart Lighting market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Smart Lighting market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Lighting market?
  • What are the various end-use application areas of the global Smart Lighting market and how they are poised to grow?
  • Which Installation Type generated maximum revenues in 2019 and identify the most promising Installation Type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Installation Type, By Offering, By End-use Application, By Communication Technology, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Signify Holding, Legrand, Acuity Brands Lighting, Inc., Eaton Corporation, General Electric Company, OSRAM GmbH., Leviton Manufacturing Co., Lutron Electronics, Zumtobel Group AG, Honeywell International Inc., Hubbell Incorporated, among others; A total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

 Global Smart Lighting Market by Installation Type

• • New Installation
  • Retrofit Installation

Global Smart Lighting Market by Offering

• • Hardware
    • Lights & Luminaries
      • Smart Bulbs
      • Fixtures
    • Lighting Controls
      • LED Drivers & Ballasts
      • Sensors
      • Switches
        • Manual On/Off Switches
        • Electronic Switches
      • Dimmers
        • Wired Dimmers
        • Wireless Dimmers
      • Relay Units
      • Gateways
    • Software
      • Local/Web-Based Software
      • Cloud-Based Software
    • Services
      • Pre-installation Services
      • Post-installation Services
    • Hardware
      • Lights & Luminaires
      • Lighting Controls

Global Smart Lighting Market by End-Use Application

• • Indoor
    • Residential
    • Commercial
      • Retail
      • Hospitality
      • Office Lighting
    • Industrial
    • Others
  • Outdoor
    • Highways & Roadways Lighting
    • Architectural Lighting
    • Lighting for Public Places

Global Smart Lighting Market by Communication Technology

• • Wired Technology
    • DALI
    • Power Over Ethernet (PoE)
    • Wired Hybrid Protocols
  • Wireless
    • ZigBEE
    • Wi-Fi
    • BLE
    • EnOcean
    • 6LoWPAN
    • Wireless Hybrid Protocols

Global Smart Lighting Market by Region

• • North America Smart Lighting Market (Option 1: As a part of the free 25% customization)
    • North America Market by Installation Type
    • North America Market by Offering
    • North America Market by End-Use Application
    • North America Market by Communication Technology
    • US Market All-Up
    • Canada Market All-Up
  • Europe Smart Lighting Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Installation Type
    • Europe Market by Offering
    • Europe Market by End-Use Application
    • Europe Market by Communication Technology
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Smart Lighting Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Installation Type
    • Asia-Pacific Market by Offering
    • Asia-Pacific Market by End-Use Application
    • Asia-Pacific Market by Communication Technology
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Smart Lighting Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Installation Type
    • RoW Market by Offering
    • RoW Market by End-Use Application
    • RoW Market by Communication Technology
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Smart Lighting (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Signify Holding
  • Legrand
  • Acuity Brands Lighting, Inc.
  • Eaton Corporation
  • General Electric Company
  • OSRAM GmbH.
  • Leviton Manufacturing Co.
  • Lutron Electronics
  • Zumtobel Group AG
  • Honeywell International Inc.
  • Hubbell Incorporated