Global Smart Lighting Market
Global Smart Lighting Market is expected to reach from USD 7.61 Bn in 2019 to USD XX Bn by 2027, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Smart Lighting Market Dynamics:
Smart Lighting Market is a technology designed to reduce energy consumption and achieve better energy efficiency. In order to achieve some aesthetic or practical effects, it makes use of high-efficiency fixtures and automated controls that adjust light intensity based on conditions such as occupancy or daylight accuracy.
Increasing usage of wireless technology, modernization and development of infrastructure to transform cities into smart cities, awareness of energy saving, demand for intelligent solutions for street lighting systems, adoption and decreasing cost of LED's, growth of wireless lighting techniques, and need for energy-efficient lighting systems are driving the overall growth of Smart Lighting Market.
Further key findings from the report:
• Smart Lighting Market bulbs is expected to experience a significant growth during the forecast period owing to increasing demand for wireless technologies in smart cities.
• Europe to grow at higher CAGR% during the forecast period owing to the increasing standard of living and increasing building automation in European countries such as France, Germany, and the United Kingdom.
• Communication technology segment- wireless connectivity is expected to grow at highest CAGR% between 2019 and 2027. Wireless technology has several advantages over wired connections that include no use of wire, no need for installation, and flexible nature; this advantage increases demand of wireless technology in the market further contributing to the growth of Smart Lighting Market.
• APAC to hold largest share of overall Smart Lighting Market growing at highest CAGR by 2027. Government initiatives and increased construction activities in APAC are contributing to the growth of the Smart Lighting Market in the region. Rising government expenditure on public infrastructure, increasing adoption of energy-efficient lighting systems in developing economies such as China, India are the major driving factors for the growth of smart lighting in APAC.
The objective of the report is to present a comprehensive analysis of the Global Smart Lighting Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Smart Lighting Market dynamics, structure by analyzing the market segments and projects the Global Smart Lighting Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Lighting Market make the report investor’s guide.
Global Smart Lighting Market, Key Highlights:
• Global Smart Lighting Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Smart Lighting Market
• Global Smart Lighting Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Smart Lighting Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Smart Lighting Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Smart Lighting Market are also profiled.
Scope of the Global Smart Lighting Market Report: Inquire before buying
Global Smart Lighting Market, By Offering:
• Hardware
o Lights & Luminaires
o Lighting Controls
o Switches
o Dimmers
• Software
o Local/Web-Based Software
o Cloud-Based Software
• Services
o Design & Engineering
o Installation Services
o Post-Installation Services
Global Smart Lighting Market, By Lighting Type
• LED Lamps
• Fluorescent Lamp
• Compact Fluorescent Lamp
• High Intensity Discharge Lamp
• Others
Global Smart Lighting Market, By Communication technology:
• Wired Technology
o Digital Addressable Lighting Interface
o Power-Line Communication
o Power Over Ethernet
o Wired Hybrid Protocols
• Wireless Technology
o Zigbee
o Bluetooth/Bluetooth Low Energy
o Enocean
o Wi-Fi
o Wireless Hybrid Protocols
Global Smart Lighting Market, By Application:
• Commercial
• Residential
• Industrial
• Outdoor Lighting
• Public
• Others
Global Smart Lighting Market, By Installation Type:
• New Installation
• Retrofit Installation
Global Smart Lighting Market, By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Smart Lighting Market:
• Philips Lighting
• Acuity Brands
• Osram
• Cree
• General Electric (GE + Current)
• Eaton
• Honeywell
• Legrand
• Hubbell Lighting
• Zumtobel Group
• Hafele Group
• Lutron Electronics
• Wipro Consumer Care and Lighting
• Streetlight.Vision
• Virtual Extension
• Syska LED
• Leviton Manufacturing
• Switchmate, Inc.
• Gooee
• Lifx
• Isotera
• Ketra
• Tao Light
• Nualight Limited
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