Smart Lighting Market
A lighting technology designed for energy efficiency, convenience and security is called as Smart lighting. It can control from an app and this app permits to modify the brightness of the bulbs, and if the bulbs have coloured LEDs one can change their colours as well. Smart lighting commonly uses mesh networking, where each smart bulb wirelessly connects to its nearest neighbor. The network is controlled by a hub that plugs into router, allowing other networked devices like phone or tablet used to communicate with bulbs.
Market Drivers
Several smart city projects are going on worldwide, presenting a vast opportunity for technology companies, technology service providers, and consulting companies. The concept of smart cities is becoming identical with smart lighting; hence this is the main driving factor of the market. Varieties of features apart from illumination coupled with rising adoption for IoT devices and smart assistant platforms have created market growth avenues for smart lightings. The growth of the smart lighting market in the global market is possible because of the advancement of an integrated lighting control system.
Market Restraints
Smart lighting systems are energy-efficient lighting solutions that are saving costs in the long run, but the initial cost is high because of the cost of the equipment and the cost of integration and installation services. So High initial cost is the main restraint factor of the Smart Lighting Market.
Market Segmentation
Smart Lighting Market is globally segmented based on offering, application, connectivity, region. In detail categorized by Offering (Hardware, Software, Services), by Application (Indoor, Outdoor), by Connectivity (Wired,), and by geography (North America, Latin America, Europe, APAC, Middle East & Africa). In applications segment, the indoor category is projected to hold the largest share of the smart lighting market. In Offering segment, the lights and luminaires category by hardware, of the smart lighting market is projected to hold a larger share during the forecast period.
Regional Analysis
Europe is dominating the way in drafting safety and uniform performance standards for certain indoor commercial smart lighting for garages, roadways, and parking. Dedicated LED luminaires and LED replacement smart lamps are emerging as the main development areas in the lighting industry in line with the constant advancements in LED designs and technology. After the European region Asia Pacific is anticipated to emerge as a prominent region because the surging demand from the commercial and residential application segments. China is expected to appear as the largest revenue contributor controlling the highest global market share.
Market Key Players
Key players in The Smart Lighting Market are Philips Lighting, Acuity Brands, Osram, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Syska LED.
Industry Development
March 2021 - Hubbell Control Solutions launched a new and improved NX Distributed Intelligence™ Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure providing an installer-friendly solution that reduces time and costs to deploy code compliant-lighting control. The new NX Panel willsupport various internal and external lighting applications, including commercial, retail, education, industrial, and parking, and site lighting.
In March 2021, Leviton announced a new line of Decora Motion Sensors designed to provide users optimal management of lighting and motor loads with enhanced detection functionality for accurate switching.
In March 2021, Hubbell Control Solutions announced the launch of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure, providing an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.
Smart Lighting Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Connectivity
3 Executive Summary
4 Smart Lighting Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Smart Lighting Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Smart Lighting Market Share Analysis, By Offering
5.3 Smart Lighting Market Size and Forecast, By Offering
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
6 Smart Lighting Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Smart Lighting Market Share Analysis, By Application
6.3 Smart Lighting Market Size and Forecast, By Application
6.3.1 Indoor
6.3.2 Outdoor
7 Smart Lighting Market, By Connectivity
7.1 Y-o-Y Growth Comparison, By Connectivity
7.2 Smart Lighting Market Share Analysis, By Connectivity
7.3 Smart Lighting Market Size and Forecast, By Connectivity
7.3.1 Wired
7.3.2 Wireless
8 Smart Lighting Market, By Region
8.1 Smart Lighting Market Share Analysis, By Region
8.2 Smart Lighting Market Share Analysis, By Region
8.3 Smart Lighting Market Size and Forecast, By Region
9 North America Smart Lighting Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Smart Lighting Market Share Analysis, By Offering
9.3 North America Smart Lighting Market Size and Forecast, By Application
9.4 North America Smart Lighting Market Size and Forecast, By Connectivity
9.5 North America Smart Lighting Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Smart Lighting Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Smart Lighting Market Share Analysis, By Offering
10.3 Europe Smart Lighting Market Size and Forecast, By Application
10.4 Europe Smart Lighting Market Size and Forecast, By Connectivity
10.5 Europe Smart Lighting Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Smart Lighting Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Smart Lighting Market Share Analysis, By Offering
11.3 Asia Pacific Smart Lighting Market Size and Forecast, By Application
11.4 Asia Pacific Smart Lighting Market Size and Forecast, By Connectivity
11.5 Asia Pacific Smart Lighting Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Smart Lighting Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Smart Lighting Market Share Analysis, By Offering
12.3 Latin America Smart Lighting Market Size and Forecast, By Application
12.4 Latin America Smart Lighting Market Size and Forecast, By Connectivity
12.5 Latin America Smart Lighting Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Smart Lighting Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Smart Lighting Market Share Analysis, By Offering
13.3 Middle East Smart Lighting Market Size and Forecast, By Application
13.4 Middle East Smart Lighting Market Size and Forecast, By Connectivity
13.5 Middle East Smart Lighting Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Philips Lighting
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.8 Key Strategies
15.2 Acuity Brands
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.8 Key Strategies
15.3 Osram
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.8 Key Strategies
15.4 General Electric Company
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.8 Key Strategies
15.5 Eaton
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.8 Key Strategies
15.6 Honeywell
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Hubbell Lighting
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Legrand
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Zumtobel Group
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Hafele Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Lutron Electronics
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Wipro Consumer Care and Lighting
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Syska LED
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
