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Global Smart Lighting Market: By Offering: Hardware, Software, Services; By Communication Technology: Wired, Wireless; By Installation Type; By Light Source; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Smart Lighting Outlook

The global smart lighting market size reached a value of USD 9.4 billion in 2020. The market is further expected to grow at a CAGR of 20% to reach a value of approximately USD 28.07 billion by 2026.

 

Global Smart Lighting

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The Asia Pacific region has witnessed a significant growth in the smart lighting market in the recent years and is likely to have the fastest growth over the forecast period. Developing and improving smart infrastructure throughout the region, scaling up the smart lighting system across the private and commercial sectors, and the growing government spending in public infrastructure are rising the demand growth in the region.

 

Properties and Applications

Smart lighting refers to an energy-efficient lighting system with power-saving features and automatic controls for smooth operation. This device allows the consumer to adjust the light intensity according to factors like occupancy or availability of daylight. Conventional lighting solutions are easily replaced because they are inexpensive, efficient, and have less power. This is also available via mobile applications that make this easy to monitor. In addition, this lighting system has allowed the monitoring of real-time illumination, intelligent sensing, and development of connected lighting technology. The evolution of Big Data and the Internet of Things (IoT) further strengthened the convergence of smart lighting with other automated devices used in smart homes.

 

Global Smart Lighting Market By Application

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On the basis of offering, the smart lighting market can be divided into:

  • Hardware
  • Software
  • Services

Hardware can be divided into lights and luminaires and lighting controls. Services can be segmented into design and engineering, installation, and post-installation.

Based on communication technology, the industry can be divided into:

  • Wired Technology 
  • Wireless Technology

On the basis of installation type, the industry is divided into:

  • New Installation  
  • Retrofit Installation

Based on the light source, the industry can be divided into the following:

  • LED Lamps
  • Fluorescent Lamps
  • Compact Fluorescent Lamps
  • High Intensity Discharge Lamps
  • Others

It finds application in the following sectors:

  • Commercial
  • Residential
  • Public Infrastructure
  • Others

The regional markets for smart lighting include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Smart Lighting By Region

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Market Analysis

The development of the global smart lighting market is mainly driven by the high demand for energy-efficient lighting systems, which provide better lighting while consuming less power. In addition, factors like the modernisation and improvement of infrastructure have enabled the transformation of cities into smart cities that have driven the growth of the smart lighting market. Individuals living in urban industries tend to invest in modular and smart lighting systems instead of purchasing high-energy lights. In addition, the increasing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the sector. International proposals for pooling lighting networks with low power consuming sensors and reducing the costs of previously costly LEDs have also contributed to the industry growth. In addition, smart lights have now become affordable to the general public as a result of dropping costs.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global smart lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Signify S.A.
  • Acuity Brands Lighting, Inc
  • Honeywell
  • Legrand S.A.
  • OSRAM GmbH
  • Cree Lighting
  • General Electric Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Offering, Communication Technology, Installation Type, Light Source, Application, Region
Breakup by Offering Hardware, Software, Services
Breakup by Communication Technology Wired, Wireless
Breakup by Installation Type New Installation, Retrofit Installation
Breakup by Light Source LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps, Others
Breakup by Application Commercial, Residential, Public Infrastructure, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, General Electric Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Smart Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Lighting Historical Market (2016-2020) 
    8.3    Global Smart Lighting Market Forecast (2021-2026)
    8.4    Global Smart Lighting Market by Offering
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Lights and Luminaires
                    8.4.1.4.1.1    Historical Trend (2016-2020)
                    8.4.1.4.1.2    Forecast Trend (2021-2026)
                8.4.1.4.2    Lighting Controls
                    8.4.1.4.2.1    Historical Trend (2016-2020)
                    8.4.1.4.2.2    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Services  
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Design and Engineering
                    8.4.3.4.1.1    Historical Trend (2016-2020)
                    8.4.3.4.1.2    Forecast Trend (2021-2026)
                8.4.3.4.2    Installation
                    8.4.3.4.2.1    Historical Trend (2016-2020)
                    8.4.3.4.2.2    Forecast Trend (2021-2026)
                8.4.3.4.3    Post-Installation
                    8.4.3.4.3.1    Historical Trend (2016-2020)
                    8.4.3.4.3.2    Forecast Trend (2021-2026)
    8.5    Global Smart Lighting Market by Communication Technology
        8.5.1    Wired
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Wireless
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Smart Lighting Market by Installation Type
        8.6.1    New Installation
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Retrofit Installation
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Smart Lighting Market by Light Source
        8.7.1    LED Lamps
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Fluorescent Lamps 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Compact Fluorescent Lamps
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    High Intensity Discharge Lamps
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Smart Lighting Market by Application
        8.8.1    Commercial
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Residential
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Public Infrastructure
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Others
    8.9    Global Smart Lighting Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2016-2020)
        9.3.2    Market Forecast (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Signify S.A.
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    Acuity Brands Lighting, Inc
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Honeywell
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Legrand S.A.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    OSRAM GmbH
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Financial Summary
            12.3.5.5    Certifications
        12.3.6    Cree Lighting
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Financial Summary
            12.3.6.5    Certifications
        12.3.7    General Electric Company
            12.3.7.1    Company Overview
            12.3.7.2    Product Portfolio
            12.3.7.3    Demographic Reach and Achievements
            12.3.7.4    Financial Summary
            12.3.7.5    Certifications
        12.3.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Smart Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Global Smart Lighting Historical Market: Breakup by Offering (USD Billion), 2016-2020
3.    Global Smart Lighting Market Forecast: Breakup by Offering (USD Billion), 2021-2026
4.    Global Smart Lighting Historical Market: Breakup by Communication Technology (USD Billion), 2016-2020
5.    Global Smart Lighting Market Forecast: Breakup by Communication Technology (USD Billion), 2021-2026
6.    Global Smart Lighting Historical Market: Breakup by Installation Type (USD Billion), 2016-2020
7.    Global Smart Lighting Market Forecast: Breakup by Installation Type (USD Billion), 2021-2026
8.    Global Smart Lighting Historical Market: Breakup by Light Source (USD Billion), 2016-2020
9.    Global Smart Lighting Market Forecast: Breakup by Light Source (USD Billion), 2021-2026
10.    Global Smart Lighting Historical Market: Breakup by Application (USD Billion), 2016-2020
11.    Global Smart Lighting Market Forecast: Breakup by Application (USD Billion), 2021-2026
12.    Global Smart Lighting Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Smart Lighting Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Smart Lighting Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Smart Lighting Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2026Mi
22.    Middle East and Africa Smart Lighting Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Global Smart Lighting Market Structure

Key Questions Answered in the Report

In 2020, the global smart lighting market attained a value of USD 9.4 billion.

In the forecast period of 2021-2026, the market is projected to grow at a CAGR of 20%.

By 2026, the market is estimated to reach a value of about USD 28.07 billion.

The major drivers of the industry such as rising disposable incomes, growing modernisation of infrastructure, increasing willingness to spend on modular and smart lighting systems, and the reducing costs of LED lights are expected to aid the market growth.

Technological advancements in the smart lighting market and the rising adoption of Internet of Things (IoT) are the major trends guiding the growth of the industry.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.

The leading offerings of smart lighting in the market are hardware, software, and services.

The major communication technologies in the market are wired technology and wireless technology.

The most significant installation types in the industry are new and retrofit installations.

LED lamps, fluorescent lamps, compact fluorescent lamps, and high intensity discharge lamps, among others, are the leading light sources in the market.

The most significant application segments in the market are commercial, residential, and public infrastructure, among others.

The leading players in the market are Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, and General Electric Company, among others.

Analyst Review

The global smart lighting market attained a value of USD 9.4 billion in 2020 driven by the rising modernisation of infrastructure. Aided by the reducing costs of LED and smart lighting systems, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 20%. The market is projected to reach USD 28.07 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on offering, the market can be segmented into hardware, software, and services. On the basis of communication technology, the market can be bifurcated into wired technology and wireless technology. By installation type, the industry can be categorised into new and retrofit installations. LED lamps, fluorescent lamps, compact fluorescent lamps, and high intensity discharge lamps, among others, are the major light sources in the market. Based on application segments, the market is divided into commercial, residential, and public infrastructure, among others. The major regional markets for smart lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, General Electric Company, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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