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Report
Global Smart Lighting Market Report and Forecast 2024-2032
Market Report I 2023-12-14 I 205 Pages I EMR Inc.
Global Smart Lighting Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global smart lighting market is projected to grow at a CAGR of 20% between 2024 and 2032. Aided by the accelerating adoption of energy-efficient lighting solutions and the integration of IoT in lighting systems, the market is expected to grow significantly by 2032.
Smart lighting refers to lighting systems embedded with technology that enables automatic control and programmability for energy efficiency and user convenience. These systems can adapt to ambient conditions and user preferences, offering functionalities such as remote operation, colour temperature adjustment, and motion detection. The primary drivers of this market include the growing emphasis on energy conservation, advancements in wireless communication technologies, and the rising trend of smart homes and cities.
As per the smart lighting market analysis, with global efforts to reduce carbon footprint and energy consumption, smart lighting solutions are increasingly favoured for their potential to conserve energy. These systems optimise lighting usage by adjusting the brightness based on natural light availability and occupancy, leading to significant energy savings.
The integration of IoT and AI in lighting systems has revolutionised the smart lighting industry. These technologies enable real-time monitoring, predictive maintenance, and enhanced user experience, thereby driving smart lighting market growth. Governments worldwide are investing in smart city projects that prominently feature smart lighting systems for public safety, energy efficiency, and urban aesthetics. This trend significantly contributes to the expansion of the market.
The modern consumer's inclination towards home automation for convenience and personalised experiences is a key factor fuelling the market growth. Smart lighting systems offer ease of use, customizability, and integration with other smart home devices, making them increasingly popular among tech-savvy consumers.
The potential integration of smart lighting with health and wellness applications opens new avenues for smart lighting market. For instance, lighting systems that can mimic natural light patterns to regulate human circadian rhythms are gaining interest for their health benefits.
North America currently leads the market, attributed to its early adoption of smart technologies and robust infrastructure. The Asia-Pacific region is expected to witness the fastest growth due to rapid urbanisation, increasing smart city initiatives, and a growing middle-class population with rising disposable incomes, further propelling the smart lighting market demand.
Market Segmentation
The market can be divided based on offering, communication technology, installation type, light source, application, and region.
Market Breakup by Offering
- Hardware
o Lights and Luminaires
o Lighting Controls
- Software
- Services
o Design and Engineering
o Installation
o Post-Installation
Market Breakup by Communication Technology
- Wired Technology
- Wireless Technology
Market Breakup by Installation Type
- New Installation
- Retrofit Installation
Market Breakup by Light Source
- LED Lamps
- Fluorescent Lamps
- Compact Fluorescent Lamps
- High Intensity Discharge Lamps
- Others
Market Breakup by Application
- Commercial
- Residential
- Public Infrastructure
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global smart lighting market. Some of the major players explored in the report by Expert Market Research are as follows:
- Signify S.A.
- Acuity Brands Lighting, Inc
- Honeywell
- Legrand S.A.
- OSRAM GmbH
- Cree Lighting
- General Electric Company
- Others
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*We at Expert Market Research always strive to provide you with 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 Opportunities and Challenges in the Market
8 Global Smart Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Lighting Historical Market (2018-2023)
8.3 Global Smart Lighting Market Forecast (2024-2032)
8.4 Global Smart Lighting Market by Offering
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Lights and Luminaires
8.4.1.4.1.1 Historical Trend (2018-2023)
8.4.1.4.1.2 Forecast Trend (2024-2032)
8.4.1.4.2 Lighting Controls
8.4.1.4.2.1 Historical Trend (2018-2023)
8.4.1.4.2.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.3.4 Breakup by Type
8.4.3.4.1 Design and Engineering
8.4.3.4.1.1 Historical Trend (2018-2023)
8.4.3.4.1.2 Forecast Trend (2024-2032)
8.4.3.4.2 Installation
8.4.3.4.2.1 Historical Trend (2018-2023)
8.4.3.4.2.2 Forecast Trend (2024-2032)
8.4.3.4.3 Post-Installation
8.4.3.4.3.1 Historical Trend (2018-2023)
8.4.3.4.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Wireless
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Retrofit Installation
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Fluorescent Lamps
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Compact Fluorescent Lamps
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 High Intensity Discharge Lamps
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Residential
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Public Infrastructure
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Smart Lighting Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2023)
8.9.1.3 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2023)
8.9.2.3 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2023)
8.9.3.3 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2023)
8.9.4.3 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2023)
8.9.5.3 Forecast Trend (2024-2032)
9 North America Smart Lighting Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Smart Lighting Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Lighting Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Lighting Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porters Five Forces Analysis
14.2.1 Suppliers Power
14.2.2 Buyers Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Signify S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Acuity Brands Lighting, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honeywell
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Legrand S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 OSRAM GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Cree Lighting
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 General Electric Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Lighting Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Lighting Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Smart Lighting Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Smart Lighting Historical Market: Breakup by Communication Technology (USD Billion), 2018-2023
5. Global Smart Lighting Market Forecast: Breakup by Communication Technology (USD Billion), 2024-2032
6. Global Smart Lighting Historical Market: Breakup by Installation Type (USD Billion), 2018-2023
7. Global Smart Lighting Market Forecast: Breakup by Installation Type (USD Billion), 2024-2032
8. Global Smart Lighting Historical Market: Breakup by Light Source (USD Billion), 2018-2023
9. Global Smart Lighting Market Forecast: Breakup by Light Source (USD Billion), 2024-2032
10. Global Smart Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global Smart Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global Smart Lighting Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Smart Lighting Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032Mi
22. Middle East and Africa Smart Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Smart Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Smart Lighting Market Structure
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