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Smart Lighting - Global Market Trajectory & Analytics

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    Report

  • 247 Pages
  • July 2020
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3502815
Global Smart Lighting Market to Reach $28.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Lighting estimated at US$8.9 Billion in the year 2020, is projected to reach a revised size of US$28.9 Billion by 2027, growing at a CAGR of 18.3% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 17.3% CAGR and reach US$13.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 17.8% CAGR for the next 7-year period.





The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 18% CAGR

The Smart Lighting market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.1% and 15.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.

Services Segment to Record 20.8% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 20.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2027.We bring years of research experience to this 16th edition of our report. The 247-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Acuity Brands Lighting Inc.
  • Cree, Inc.
  • Current, Powered by GE
  • Eaton Corporation PLC
  • Gooee Limited
  • Hafele America Co.
  • Honeywell International, Inc.
  • Hubbell Lighting, Inc.
  • Ketra Inc.
  • Legrand Group
  • Leviton Manufacturing Co., Inc.
  • Lifi Labs, Inc.
  • Lutron Electronics Co., Inc.
  • Nualight Ltd.
  • OSRAM GmbH
  • Signify Holding
  • Switchmate, Inc.
  • SYSKA LED Lights Pvt., Ltd.
  • Taolight Company Limited
  • Virtual Extension Ltd.
  • Wipro Consumer Care and Lighting
  • Zumtobel Group AG
Frequently Asked Questions about the Global Market for Smart Lighting

What is the estimated value of the Global Market for Smart Lighting?

The Global Market for Smart Lighting was estimated to be valued at $8.9 Billion in 2020.

What is the growth rate of the Global Market for Smart Lighting?

The growth rate of the Global Market for Smart Lighting is 18.3%, with an estimated value of $28.9 Billion by 2027.

What is the forecasted size of the Global Market for Smart Lighting?

The Global Market for Smart Lighting is estimated to be worth $28.9 Billion by 2027.

Table of Contents


I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares


Smart Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2028


Impact of Covid-19 and a Looming Global Recession


2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Smart Lighting Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Smart Lighting Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Hardware (Component) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Hardware (Component) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Software (Component) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Software (Component) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Services (Component) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: Services (Component) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Wired Technology (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 10: Wired Technology (Technology) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 11: Wireless Technology (Technology) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 12: Wireless Technology (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 13: Indoor Application (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 14: Indoor Application (Application) Global Market Share Distribution by Region/Country for 2020 and 2027
TABLE 15: Outdoor Application (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 16: Outdoor Application (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027


III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures


US Smart Lighting Market Share (in %) by Company: 2019 & 2025


Market Analytics
TABLE 17: United States Smart Lighting Market Estimates and Projections in US$ Million by Component: 2020 to 2027
TABLE 18: United States Smart Lighting Market Share Breakdown by Component: 2020 VS 2027
TABLE 19: Smart Lighting Market in US$ Million in the United States by Technology: 2020-2027
TABLE 20: United States Smart Lighting Market Share Breakdown by Technology: 2020 VS 2027
TABLE 21: United States Smart Lighting Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 22: Smart Lighting Market Share Breakdown in the United States by Application: 2020 VS 2027


CANADA
TABLE 23: Canadian Smart Lighting Market Estimates and Forecasts in US$ Million by Component: 2020 to 2027
TABLE 24: Smart Lighting Market in Canada: Percentage Share Breakdown of Sales by Component for 2020 and 2027
TABLE 25: Smart Lighting Market Analysis in Canada in US$ Million by Technology: 2020-2027
TABLE 26: Canadian Smart Lighting Market Share Breakdown by Technology: 2020 VS 2027
TABLE 27: Canadian Smart Lighting Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 28: Canadian Smart Lighting Market Share Analysis by Application: 2020 VS 2027


JAPAN
TABLE 29: Japanese Market for Smart Lighting: Annual Sales Estimates and Projections in US$ Million by Component for the Period 2020-2027
TABLE 30: Japanese Smart Lighting Market Share Analysis by Component: 2020 VS 2027
TABLE 31: Japanese Medium & Long-Term Outlook for Smart Lighting Market in US$ Million by Technology: 2020-2027
TABLE 32: Japanese Smart Lighting Market Percentage Share Distribution by Technology: 2020 VS 2027
TABLE 33: Japanese Demand Estimates and Forecasts for Smart Lighting in US$ Million by Application: 2020 to 2027
TABLE 34: Smart Lighting Market Share Shift in Japan by Application: 2020 VS 2027


CHINA
TABLE 35: Chinese Smart Lighting Market Growth Prospects in US$ Million by Component for the Period 2020-2027
TABLE 36: Chinese Smart Lighting Market by Component: Percentage Breakdown of Sales for 2020 and 2027
TABLE 37: Smart Lighting Market Estimates and Forecasts in China in US$ Million by Technology: 2020-2027
TABLE 38: Smart Lighting Market in China: Percentage Share Analysis by Technology for 2020 and 2027
TABLE 39: Chinese Demand for Smart Lighting in US$ Million by Application: 2020 to 2027
TABLE 40: Chinese Smart Lighting Market Share Breakdown by Application: 2020 VS 2027


EUROPE
Market Facts & Figures


European Smart Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025


Market Analytics
TABLE 41: European Smart Lighting Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 42: European Smart Lighting Market Share Shift by Region/Country: 2020 VS 2027
TABLE 43: European Smart Lighting Market Estimates and Forecasts in US$ Million by Component: 2020-2027
TABLE 44: European Smart Lighting Market Share Breakdown by Component: 2020 VS 2027
TABLE 45: European Smart Lighting Market Assessment in US$ Million by Technology: 2020-2027
TABLE 46: Smart Lighting Market in Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
TABLE 47: European Smart Lighting Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 48: European Smart Lighting Market Share Analysis by Application: 2020 VS 2027


FRANCE
TABLE 49: Smart Lighting Market in France by Component: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 50: French Smart Lighting Market Share Analysis by Component: 2020 VS 2027
TABLE 51: French Smart Lighting Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 52: French Smart Lighting Market Share Breakdown by Technology: 2020 VS 2027
TABLE 53: Smart Lighting Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 54: French Smart Lighting Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027


GERMANY
TABLE 55: Smart Lighting Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Component for the Period 2020-2027
TABLE 56: German Smart Lighting Market Share Breakdown by Component: 2020 VS 2027
TABLE 57: German Smart Lighting Latent Demand Forecasts in US$ Million by Technology: 2020-2027
TABLE 58: German Smart Lighting Market Share Breakdown by Technology: 2020 VS 2027
TABLE 59: Smart Lighting Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 60: Smart Lighting Market Share Distribution in Germany by Application: 2020 VS 2027


ITALY
TABLE 61: Italian Smart Lighting Market Growth Prospects in US$ Million by Component for the Period 2020-2027
TABLE 62: Italian Smart Lighting Market by Component: Percentage Breakdown of Sales for 2020 and 2027
TABLE 63: Smart Lighting Market Estimates and Forecasts in Italy in US$ Million by Technology: 2020-2027
TABLE 64: Smart Lighting Market in Italy: Percentage Share Analysis by Technology for 2020 and 2027
TABLE 65: Italian Demand for Smart Lighting in US$ Million by Application: 2020 to 2027
TABLE 66: Italian Smart Lighting Market Share Breakdown by Application: 2020 VS 2027


UNITED KINGDOM
TABLE 67: United Kingdom Market for Smart Lighting: Annual Sales Estimates and Projections in US$ Million by Component for the Period 2020-2027
TABLE 68: United Kingdom Smart Lighting Market Share Analysis by Component: 2020 VS 2027
TABLE 69: United Kingdom Medium & Long-Term Outlook for Smart Lighting Market in US$ Million by Technology: 2020-2027
TABLE 70: United Kingdom Smart Lighting Market Percentage Share Distribution by Technology: 2020 VS 2027
TABLE 71: United Kingdom Demand Estimates and Forecasts for Smart Lighting in US$ Million by Application: 2020 to 2027
TABLE 72: Smart Lighting Market Share Shift in the United Kingdom by Application: 2020 VS 2027


REST OF EUROPE
TABLE 73: Rest of Europe Smart Lighting Market Estimates and Forecasts in US$ Million by Component: 2020-2027
TABLE 74: Rest of Europe Smart Lighting Market Share Breakdown by Component: 2020 VS 2027
TABLE 75: Rest of Europe Smart Lighting Market Assessment in US$ Million by Technology: 2020-2027
TABLE 76: Smart Lighting Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
TABLE 77: Rest of Europe Smart Lighting Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 78: Rest of Europe Smart Lighting Market Share Analysis by Application: 2020 VS 2027


ASIA-PACIFIC
TABLE 79: Smart Lighting Market in Asia-Pacific by Component: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 80: Asia-Pacific Smart Lighting Market Share Analysis by Component: 2020 VS 2027
TABLE 81: Asia-Pacific Smart Lighting Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 82: Asia-Pacific Smart Lighting Historic Market Analysis in US$ Million by Technology: 2020 VS 2027
TABLE 83: Smart Lighting Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 84: Asia-Pacific Smart Lighting Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027


REST OF WORLD
TABLE 85: Rest of World Smart Lighting Market Estimates and Forecasts in US$ Million by Component: 2020 to 2027
TABLE 86: Smart Lighting Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2020 and 2027
TABLE 87: Smart Lighting Market Analysis in Rest of World in US$ Million by Technology: 2020-2027
TABLE 88: Rest of World Smart Lighting Market Share Breakdown by Technology: 2020 VS 2027
TABLE 89: Rest of World Smart Lighting Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 90: Rest of World Smart Lighting Market Share Analysis by Application: 2020 VS 2027


IV. COMPETITION
Total Companies Profiled: 119