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US Smart Lighting Market Assessment

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    Report

  • April 2023
  • Region: United States
  • Parks Associates
  • ID: 5877790

This Smart Product Market Assessment identifies key and emerging players in the residential smart lighting market. It tracks consumer adoption and purchase trends over 5 years, including use cases, control preferences, and top purchase channels. It includes unit sales and revenue forecasts for smart lights, smart plugs, and smart switches.

Key Questions Answered:

  • What are the major trends currently impacting the smart light market?
  • What product innovations are driving the market?
  • How can product manufacturers differentiate and charge a premium price in a quickly commoditizing market?
  • How is high inflation and a tough housing market impacting consumer demand for smart lighting?
  • What is consumer interest in energy, security, and wellness features in smart products? 

Table of Contents


Key Product Categories and DefinitionsSmart Home Lighting Ecosystem
Executive Summary
  • Smart Light and Power Ownership, Purchases, Intentions
  • Top Features for Smart Lighting Device Purchase
  • Attitudes Towards Home Energy Consumption
  • % Rating Energy Monitoring in Smart Plugs “Very Important”
  • US Forecast - Smart Lighting Revenue: Annual Sales Revenue at End-user Value ($M)
Lighting Industry Trends
  • Competitor Landscape Shifts and Acquisitions
  • Interoperability & Networking
  • Product Design & Innovative Features
  • Sensing and Intelligence
  • Pricing & Installation
US Market Sizing & Forecast
  • Market Drivers
  • Market Barriers
  • US Forecast - Smart Light Bulbs: Annual Unit Sales (#M)
  • US Forecast - Smart Light Bulbs: Annual Sales Revenue at End-user Value ($M)
  • US Forecast - Light In-Wall Switches/Dimmers: Annual Unit Sales (#M)
  • US Forecast - Light In-Wall Switches/Dimmers: Annual Sales Revenue at End-user Value ($M)
  • US Forecast - Smart Plugs: Annual Unit Sales (#M)
  • US Forecast - Smart Plugs: Annual Sales Revenue at End-user Value ($M)
Market Activity and Competitors: Smart Light Bulbs
  • Smart Bulb Market Trends and Features
  • Smart Lighting - Market Activity
Market Activity and Competitors: Smart In-Wall Switches
  • Smart In-Wall Switches Market Trends and Features
  • Smart In-Wall Switches - Market Activity
Market Activity and Competitors: Smart Plugs/Power Strips
  • Smart Plugs/Power Strips - Market Trends and Features
  • Smart Plug/Power Strips - Market Activity
Smart Lighting Market Context: Familiarity, Affordability, and Ownership
  • Smart Light Bulbs: High Rating for Familiarity, Perceived Value, and Affordability
  • Smart Light Bulbs: High Familiarity by Technology Adoption Segment
  • Smart Energy, Power Device Ownership
  • Average Number of Smart Lighting/ Power Devices Owned Among Owners
  • Smart Home Devices: Net Promoter Score
Smart Lighting Use: Controls, Energy Monitoring
  • Primary Smart Lighting Control Methods
  • Devices Plugged into Smart Plug
  • Attitudes Towards Home Energy Consumption
  • Energy-Saving Actions Taken Over the Past 12 Months
Device Purchases, Acquisition, Installation
  • Smart Energy, Power Device Purchases
  • Average Numbers of Smart Lighting/ Power Devices Purchased
  • Smart Lighting/Power Devices: Average Purchase Price
  • Smart Lighting/Power Devices: Category of Purchase
  • Smart Lighting/Power Devices: Number of Devices Purchased as First Time Ever
  • Smart Lighting/Power Devices: Purchases, Gifts, and Pre-installed
  • Smart Lighting/Power Devices: Channel Purchase Location
  • Smart Lighting/Power Devices: Installation Methods
  • Smart Lighting/Power Devices: Disposal When Moved
  • Smart Lighting/Power Devices: Purchase Considerations
  • Devices Acquired as Part of Security System
  • Devices Acquired as Part of System, by Installation Method
  • Devices Added After Security System Installation by Installation Method
Smart Lighting Brand Performance
  • Brands Owned: Smart Light Bulb
  • Brand Purchased: Smart Light Bulb
  • Brand Considered: Smart Light Bulb
  • Brands Owned: Smart Plug/Power Strip
  • Brand Purchased: Smart Plug/Power Strip
  • Brand Considered: Smart Plug/Power Strip
  • Brands Owned: Smart In-wall Outlet/Switch or Dimmer
  • Brands Owned: Smart Lighting Control System
Purchase Intention & New Features
  • Purchase Intention: Smart Lighting/Power Devices
  • Important Features for Smart Lighting Device Purchase
  • Interest in Smart Light Bulb Replenishment Service
  • Preferred Type of Smart Light Bulb Service
  • Important Features for Smart Plug Purchase
  • High Interest in Energy Monitoring Feature, Among Select Groups
Device Returns and Technical Support
  • Smart Light/Power Product Returns
  • Smart Home Device: Technical Problems Experienced
  • Reasons for Returning Smart Home Devices
  • Actions after Returning Smart Home Devices
Smart Lighting Owner Demographics
  • Tech Adopter Segments
  • Age Distribution
  • Household Income Distribution
  • Gender Distribution
  • Children at Home
  • Home Ownership
  • Residential Region
Appendix