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Report
Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028
Market Report I 2023-06-14 I 139 Pages I IMARC Group
The global smart lighting market size reached US$ 13.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2028, exhibiting a growth rate (CAGR) of 20.1% during 2023-2028.
Smart-lighting is a technology designed for efficient use of light resources with power saving fixtures and automated controls. This enables the user to adjust ambient lighting depending upon the occupancy or daylight availability. Smart-lighting products have applications in commercial, industrial and residential sectors and usually consists of a wall keypad and touchscreen panel. The lightings are also accessible through a smartphone application, making them easily controllable. Additionally, smart lighting systems enable users to change the colour and brightness of fixtures from anywhere around the globe. Smart lighting are an essential tool in smart-city development, since globally a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment.
The growth of the global smart-lighting market is primarily driven by the high demand of energy efficient lighting systems that provide better illumination while consuming less power. Additionally, factors such as modernization and development of infrastructure has facilitated the transformation of cities into smart-cities that has supported the growth of the smart lighting market. Individuals living in urban sectors prefer to invest in modular and intelligent lighting solutions instead of buying high-energy consuming lights. Moreover, the growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market. Global plans for pooling lighting network with low power consuming sensors and lowering costs of previously expensive LEDs has also led to the market growth. Moreover, as a result of declining prices, smart-lights have also become affordable to the general population.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, communication technology, installation type, light source and application.
Breakup by Offering:
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation
Breakup by Communication Technology:
Wired Technology
Wireless Technology
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
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension, Syska LED, etc.
IMARC Group's latest report provides a deep insight into the global smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart lighting market in any manner.
Key Questions Answered in This Report
1. What was the size of the global smart lighting market in 2022?
2. What is the expected growth rate of the global smart lighting market during 2023-2028?
3. What are the key factors driving the global smart lighting market?
4. What has been the impact of COVID-19 on the global smart lighting market?
5. What is the breakup of the global smart lighting market based on the offering?
6. What is the breakup of the global smart lighting market based on the communication technology?
7. What is the breakup of the global smart lighting market based on the installation type?
8. What is the breakup of the global smart lighting market based on the light source?
9. What is the breakup of the global smart lighting market based on the application?
10. What are the key regions in the global smart lighting market?
11. Who are the key players/companies in the global smart lighting market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Lighting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Offering
5.5 Market Breakup by Communication Technology
5.6 Market Breakup by Installation Type
5.7 Market Breakup by Light Source
5.8 Market Breakup by Application
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Offering
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 Lights and Luminaires
6.1.2.1.1 Market Trends
6.1.2.1.2 Market Forecast
6.1.2.2 Lighting Controls
6.1.2.2.1 Market Trends
6.1.2.2.2 Market Forecast
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Breakup by Type
6.3.2.1 Design and Engineering
6.3.2.1.1 Market Trends
6.3.2.1.2 Market Forecast
6.3.2.2 Installation
6.3.2.2.1 Market Trends
6.3.2.2.2 Market Forecast
6.3.2.3 Post-Installation
6.3.2.3.1 Market Trends
6.3.2.3.2 Market Forecast
6.3.3 Market Forecast
7 Market Breakup by Communication Technology
7.1 Wired Technology
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wireless Technology
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Installation Type
8.1 New Installation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Retrofit Installation
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Light Source
9.1 LED Lamps
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Fluorescent Lamps
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Compact Fluorescent Lamps
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 High Intensity Discharge Lamps
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Application
10.1 Commercial
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Residential
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Public Infrastructure
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
13.1 Overview
13.2 Research and Product Development
13.3 Raw Material/Component Providers
13.4 Original Equipment Manufacturers (OEMS)
13.5 Key Technology Providers/System Integrators
13.6 Threat of New Entrants
13.7 End Users
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Global Smart lightning Industry: Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Philips Lighting
16.3.2 Acuity Brands
16.3.3 Osram
16.3.4 Cree
16.3.5 General Electric Company
16.3.6 Eaton
16.3.7 Honeywell
16.3.8 Legrand
16.3.9 Hubbell Lighting
16.3.10 Zumtobel Group
16.3.11 Hafele Group
16.3.12 Lutron Electronics
16.3.13 Wipro Consumer Care and Lighting
16.3.14 Streetlight.Vision
16.3.15 Virtual Extension
16.3.16 Syska LED
Figure 1: Global: Smart Lighting Market: Major Drivers and Challenges
Figure 2: Global: Smart Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Lighting Market: Breakup by Offering (in %), 2022
Figure 4: Global: Smart Lighting Market: Breakup by Communication Technology (in %), 2022
Figure 5: Global: Smart Lighting Market: Breakup by Installation Type (in %), 2022
Figure 6: Global: Smart Lighting Market: Breakup by Light Source (in %), 2022
Figure 7: Global: Smart Lighting Market: Breakup by Application (in %), 2022
Figure 8: Global: Smart Lighting Market: Breakup by Region (in %), 2022
Figure 9: Global: Smart Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Smart Lighting Industry: SWOT Analysis
Figure 11: Global: Smart Lighting Industry: Value Chain Analysis
Figure 12: Global: Smart Lighting Industry: Porter's Five Forces Analysis
Figure 13: Global: Smart Lighting (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Smart Lighting (Hardware) Market: Breakup by Type (in %), 2022
Figure 15: Global: Smart Lighting (Lights and Luminaires) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Smart Lighting (Lights and Luminaires) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Smart Lighting (Lighting Controls) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Smart Lighting (Lighting Controls) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Smart Lighting (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Smart Lighting (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Smart Lighting (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Smart Lighting (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Smart Lighting (Services) Market: Breakup by Type (in %), 2022
Figure 24: Global: Smart Lighting (Design and Engineering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Smart Lighting (Design and Engineering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Smart Lighting (Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Smart Lighting (Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Smart Lighting (Post-Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Smart Lighting (Post-Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Smart Lighting (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Smart Lighting (Wired Technology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Smart Lighting (Wired Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Smart Lighting (Wireless Technology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Smart Lighting (Wireless Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Smart Lighting (New Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Smart Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Smart Lighting (Retrofit Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Smart Lighting (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Smart Lighting (LED Lamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Smart Lighting (LED Lamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Smart Lighting (Fluorescent Lamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Smart Lighting (Fluorescent Lamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Smart Lighting (Compact Fluorescent Lamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Smart Lighting (Compact Fluorescent Lamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Smart Lighting (High Intensity Discharge Lamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Smart Lighting (High Intensity Discharge Lamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Smart Lighting (Other Lighting Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Smart Lighting (Other Lighting Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Smart Lighting (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Smart Lighting (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Smart Lighting (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Smart Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Smart Lighting (Public Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Smart Lighting (Public Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Global: Smart Lighting (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Global: Smart Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: North America: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: North America: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United States: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United States: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Canada: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Canada: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Asia-Pacific: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Asia-Pacific: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: China: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: China: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Japan: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Japan: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: India: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: India: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: South Korea: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: South Korea: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Australia: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Australia: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Indonesia: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Indonesia: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Europe: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Europe: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Germany: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Germany: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: France: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: France: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: United Kingdom: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: United Kingdom: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Italy: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Italy: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Spain: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Spain: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Russia: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Russia: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Others: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Others: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Latin America: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Latin America: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Brazil: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Brazil: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Mexico: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Mexico: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Others: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 102: Others: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 103: Middle East and Africa: Smart Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 104: Middle East and Africa: Smart Lighting Market: Breakup by Country (in %), 2022
Figure 105: Middle East and Africa: Smart Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Smart Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Lighting Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 3: Global: Smart Lighting Market Forecast: Breakup by Communication Technology (in Million US$), 2023-2028
Table 4: Global: Smart Lighting Market Forecast: Breakup by Installation Type (in Million US$), 2023-2028
Table 5: Global: Smart Lighting Market Forecast: Breakup by Light Source (in Million US$), 2023-2028
Table 6: Global: Smart Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Smart Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Smart Lighting Market Structure
Table 9: Global: Smart Lighting Market: Key Players
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