Global Smart Lighting Market, By Offering (Hardware, Software, Services), Installation Type (Retrofit Installation, New Installation), Communication Technology (Wired Technology and Wireless Technology), Application Type (Indoor and Outdoor) and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The smart lighting market is expected to witness market growth at a rate of 20.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart lighting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the adoption for IoT devices and smart assistant platforms is escalating the growth of smart lighting market.
Smart Lighting is known to be one of the most significant lighting solutions for offering solution for both indoor and outdoor purposes with latest developed technology products including LEDs, luminaires, fluorescent bulbs and others.
Major factors that are expected to boost the growth of the smart lighting market in the forecast period are the constant arrival of the smart city projects in advancing countries. Furthermore, the enhanced adoption of standard protocols for lighting control systems is further anticipated to propel the growth of the smart lighting market. Moreover, the rise in the need for IoT-enabled lighting fixtures and smart lighting solutions is further estimated to cushion the growth of the smart lighting market. On the other hand, the rise in the early costs of smart lighting equipment and accessories is further projected to impede the growth of the smart lighting market in the timeline period.
In addition, the rise in the smart office and smart retail trends will further provide potential opportunities for the growth of the smart lighting market in the coming years. However, the disturbance in the smart lighting supply chain because of the COVID-19 might further challenge the growth of the smart lighting market in the near future.
This smart lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart lighting market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Smart Lighting Market Scope and Market Size
The smart lighting market is segmented on the basis of offering, installation type, communication technology and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the smart lighting market has been segmented into hardware, software and services. The hardware is sub segmented into lights and luminaires, relay units and lighting controls. The lights and luminaires is further sub segmented into smart bulbs and fixtures. The smart bulbs again sub segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub segmented into switches and dimmers, LED drivers, sensors and gateways. The switches and dimmers are further sub segmented into switches, 2manual switches and dimmers. The switches are further sub segmented into electronic switches. The dimmers are further sub segmented into wired dimmers and wireless dimmers. The software is sub segmented into cloud based and local and web-based. The services are sub-segmented into installation services, design and engineering and post-installation services.
- On the basis of installation type, the smart lighting market has been segmented into new installation and retrofit installation.
- On the basis of communication technology, the smart lighting market has been segmented into wired technology and wireless technology. The wired technology is sub segmented into power-line communication, wired hybrid protocols, digital addressable lighting interface and power over Ethernet. The wireless technology is sub segmented into ZIGBEE, Bluetooth, Wi-Fi, wireless hybrid protocols, EnOcean and 6Lowpan.
- On the basis of application type, the smart lighting market has been segmented into outdoor application is sub segmented into roadways and highways, public places and architectural. The indoor application is sub segmented into commercial, residential and industrial. The roadway and highway is sub segmented into street and roadways, highways and tunnels and bridges. The commercial is sub segmented into office lighting, projection lighting, retail and hospitality.
Smart Lighting Market Country Level Analysis
The smart lighting market is segmented on the basis of offering, installation type, communication technology and application type.
The countries covered in the smart lighting market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Europe dominates the smart lighting market due to the 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 advancing. Furthermore, the constant advancements will further boost the growth of the smart lighting market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth of the smart lighting market due to the rise in the demand from the commercial and residential application. Moreover, the growing countries and rising investments in smart city projects is further anticipated to propel the growth of the smart lighting market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Lighting Market Share Analysis
The smart lighting market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the smart lighting market.
The major players covered in the smart lighting market report are Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.