Canada Smart Lighting Market to 2032
Overview
The Canada Smart Lighting Market is expected to reach a 8.98 USD Billion by 2032 and is projected to grow at a CAGR of 43.14% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.90
Forecast, 2032 (USD Billion)
8.98
CAGR, 2024 - 2032
43.14%
Report Coverage
Canada
Canada Smart Lighting Market 2018-2032 USD Billion
Canada Smart Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.90 USD Billion
- Projected Market Size (2032): 8.98 USD Billion
- CAGR (2025-2032): 43.14%
Key Findings of Canada Smart Lighting Market
- The Canada Smart Lighting Market was valued at 1.90 USD Billion in 2024.
- The Canada Smart Lighting Market is likely to grow at a CAGR of 43.14% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Retrofit Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 1.35 USD Billion
- The fastest growing segment Hardware in Offering Segment grew Fastest with a CAGR of 44.87% during the forecast period from 2024 to 2032.
Canada Smart Lighting Market Scope
Canada Smart Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Application Type
- Outdoor Application
- Indoor Application
Canada Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.90 USD Billion |
| Market Value in 2032 | 8.98 USD Billion |
| CAGR (2025-2032) | 43.14% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Offering,Installation Type,Communication Technology,Application Type |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 1.90 USD Billion in 2024
- Key Country: Canada, leading in terms of revenue with value of 1,904.84 USD Million in 2024.
Segments and Scope
-
Canada Smart Lighting Market to 2032, By Offering
- Hardware is the largest segment in Canada Smart Lighting Market to 2032 with a revenue of 1.13 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in Canada Smart Lighting Market to 2032 with a Growth rate of 44.87 % in forecast period 2025-2032.
-
Canada Smart Lighting Market to 2032, By Installation Type
- Retrofit Installation is the largest segment in Canada Smart Lighting Market to 2032 with a revenue of 1.35 USD Billion in the year 2024.
- Retrofit Installation is the Fastest growing segment in Canada Smart Lighting Market to 2032 with a Growth rate of 43.63 % in forecast period 2025-2032.
-
Canada Smart Lighting Market to 2032, By Communication Technology
- Wired Technology is the largest segment in Canada Smart Lighting Market to 2032 with a revenue of 1.20 USD Billion in the year 2024.
- Wireless Technology is the Fastest growing segment in Canada Smart Lighting Market to 2032 with a Growth rate of 42.67 % in forecast period 2025-2032.
-
Canada Smart Lighting Market to 2032, By Application Type
- Indoor Application is the largest segment in Canada Smart Lighting Market to 2032 with a revenue of 1.33 USD Billion in the year 2024.
- Indoor Application is the Fastest growing segment in Canada Smart Lighting Market to 2032 with a Growth rate of 43.55 % in forecast period 2025-2032.
Canada Smart Lighting Market Company Share Analysis
| Company Name |
|
||
| Legrand | |||
| Signify Holding | |||
| Seiko Epson Corporation | |||
| Honeywell International Inc. | |||
| WOLFSPEED, INC. | |||
Canada Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
Canada Smart Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Smart Lighting Market is segmented based on Segmentation Offering,Installation Type,Communication Technology,Application Type.
Canada Smart Lighting Market was valued at USD 1.90(Revenue in USD Billion) in 2018.
Canada Smart Lighting Market is projected to grow at a CAGR of 43.14% during the forecast period of 2024 to 2032.
The Retrofit Installation segment is expected to dominate the Canada Smart Lighting Market, holding a largest market share of 1.35 USD Billion in 2024
Canada Smart Lighting Market Scope
Canada Smart Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Application Type
- Outdoor Application
- Indoor Application
Frequently Asked Questions
The Canada Smart Lighting Market is segmented based on Segmentation Offering,Installation Type,Communication Technology,Application Type.
Canada Smart Lighting Market was valued at USD 1.90(Revenue in USD Billion) in 2018.
Canada Smart Lighting Market is projected to grow at a CAGR of 43.14% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Smart Lighting Market for final year is USD 8.98 (USD Billion).
Canada Smart Lighting Market Company Profiling
Frequently Asked Questions
The Canada Smart Lighting Market is segmented based on Segmentation Offering,Installation Type,Communication Technology,Application Type.
Canada Smart Lighting Market was valued at USD 1.90(Revenue in USD Billion) in 2018.
Canada Smart Lighting Market is projected to grow at a CAGR of 43.14% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Smart Lighting Market for final year is USD 8.98 (USD Billion).
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