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Smart Lighting and Control Systems: Global Strategic Business Report

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    Report

  • 517 Pages
  • January 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140785

Global Smart Lighting and Control Systems Market to Reach $153.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Smart Lighting and Control Systems estimated at US$42.4 Billion in the year 2022, is projected to reach a revised size of US$153.7 Billion by 2030, growing at a CAGR of 17.5% over the analysis period 2022-2030. Light Emitting Diodes (LEDs), one of the segments analyzed in the report, is projected to record a 20.7% CAGR and reach US$117.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fluorescent Lamps segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.1 Billion, While China is Forecast to Grow at 21.9% CAGR

The Smart Lighting and Control Systems market in the U.S. is estimated at US$10.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.6 Billion by the year 2030 trailing a CAGR of 21.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 16% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.6% CAGR.

Select Competitors (Total 97 Featured) -

  • ABB Ltd.
  • Acuity Brands, Inc.
  • Belkin International, Inc.
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Enlighted, Inc.
  • GE Current, a Daintree Company
  • GE Lighting, a Savant Company
  • Helvar Oy Ab
  • Honeywell International, Inc.
  • Legrand S.A
  • Leviton Manufacturing Company, Inc.
  • LG Electronics, Inc.
  • LightwaveRF Plc
  • Lutron Electronics Co., Inc.
  • OSRAM Licht AG
  • RAB Lighting, Inc.
  • Schneider Electric SE
  • Signify N.V.
  • Synapse Wireless, Inc.
  • Wipro Enterprises (P) Ltd.
  • Zumtobel Group AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Global Market for Smart Lighting and Control Systems

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

The Global Market for Smart Lighting and Control Systems was estimated to be valued at $42.4 Billion in 2022.

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

The growth rate of the Global Market for Smart Lighting and Control Systems is 17.5%, with an estimated value of $153.7 Billion by 2030.

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

The Global Market for Smart Lighting and Control Systems is estimated to be worth $153.7 Billion by 2030.

Who are the key companies in the Global Market for Smart Lighting and Control Systems?

Key companies in the Global Market for Smart Lighting and Control Systems include ABB Ltd., Acuity Brands, Inc., Belkin International, Inc., Cree Lighting, Dialight PLC, Eaton Corporation plc, Enlighted, Inc., GE Current, a Daintree Company and Helvar Oy Ab.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • A Review of COVID-19 Pandemic
  • Stagflation & an Imminent Recession: New Challenges in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • COVID-19 Pandemic Impacts Smart Lighting Market
  • Home Office Trend Drives Demand for Lighting Solutions with Smart Features
  • Smart Lighting Solutions to be part of Recovery Plans of European Countries
  • IoT- and LED-Powered Platforms to Allow Safe Return of People to Workplaces
  • An Introduction to Smart Lighting & Control Systems
  • Smart Lighting Certifications & Standards
  • Smart Lighting: Energy-Efficient, Dynamic, Digital, and Connected
  • Global Market Prospects & Outlook
  • A Dive into Sparkling Trends Igniting Growth of Smart Lighting Market
  • LEDs Continue to Gain Over Other Smart Lighting Technologies
  • Developed Regions Lead, Developing Nations to Boost Long-term Growth
  • Competition
  • Smart Lighting and Control Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Product Differentiation: The Key to Success
  • Effective Marketing Strategies: A Must for Success in the Marketplace
  • Technology and Other Risks Faced by Vendors in the Smart Lighting Business
  • Smart Lighting Controls Market: Competitive Landscape
  • Startups Exhibit Growing Interest in Smart Lighting Market
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Superior Attributes of Smart Lighting over Traditional Lighting to Boost Market Prospects
  • Prominent Technologies with Potential to Transform Lighting Industry
  • IoT and Artificial Intelligence Gain Significance in Lighting Applications
  • LEDs, IoT & Innovations: Rays of Sunshine for Smart Lighting Technologies
  • Convergence of IoT and Lighting Devices
  • AI Set to Scale Up Smart Lighting Capabilities
  • High-Growth Opportunities for AI Smart Lights
  • German Research Team Aims to Develop New AI Smart Lights
  • Emphasis on Achieving Energy and Cost Savings amidst Spiraling Electricity Consumption: The Fundamental Growth Driver
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Transforming Effect of Smart, Intelligent, and Intuitive Lighting on Human Life Drives Market Expansion
  • Smart Intelligent LED Lighting Catalyzes Growth Prospects
  • LED and Other Lighting Technologies: A Comparison
  • Connected, Embedded, and Sustainable Lighting Drive Enormous Changes in Luminaire Design and Functionality
  • Rise of Smart Cities and Focus on Smart Energy Management Opens Up Opportunities for Smart Lighting Products
  • Smart Lighting Illuminating the Road to Smart Cities
  • Global Market for Smart City Technologies in US$ Million for the Years 2020 and 2027
  • Smart Lighting Systems Find High Demand from Street Lighting Networks
  • Connected Street Lighting to Surge Post Pandemic
  • New Smart City Projects Spur Market Growth for Smart Street Lighting Systems
  • Connected Lighting to Witness Emergence of Several New Trends
  • Consumer Spending on Smart Home Technologies Presents Opportunities for Smart Lighting Solutions
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
  • Smart Home Penetration Rate (%) by Region/Country: 2020
  • Buzzing Trends Shaping Future of Smart Home Lighting
  • Increasing Adoption of LEDs in Innovative Niche Lighting Markets Favor Market Expansion
  • Controls: Augmenting the Intelligent Quotient of Smart Lighting
  • Lighting Controls Offer Higher Savings, Energy Efficiency, and Space Efficiency
  • Convenience & Advances Boost Popularity of Wireless Lighting Controls
  • Controls for Connected, Intelligent, and Advanced LED luminaires
  • Commercial Lighting: Adoption of Smart Lighting Systems Surges As a Measure to Cut Energy Costs
  • Lighting Technology Advancements for Commercial Buildings
  • Connecting End-to-End Building Systems Using Smart Lighting
  • Residential Sector: A Potential Laden Application Segment in the Long Run
  • Smart Lighting for Homes Surges amidst the Pandemic
  • Demand Rises for Smart, Energy Efficient Lighting Systems in Industrial Applications
  • Role of Smart Lighting Control Systems As Supplemental Lighting Expanding in Greenhouses
  • Smart LED Lighting Advantageous for Horticulture
  • Specialty Lighting Applications to Boost Demand for Smart Lighting Systems
  • UV Light Emerges as Important Weapon in War against COVID-19 Pandemic
  • Smart Lighting Deployments Gain Momentum in Government Buildings and Public Lighting
  • Smart Lighting Solutions to Meet Needs of Healthcare Facilities
  • Advances in Lighting System & Controls Drive Adoption in Healthcare Facilities
  • Facilities Get Spectacular Makeover & Savings with Advanced Lighting Controls
  • Strangulated by Spiraling Energy Prices, Municipalities Find Solace in Smart LED Street Lighting
  • Introduction of Interoperable Communication Networks Fuels Demand for Wireless Lighting Devices
  • Advent of Novel Standards Fuel Demand for Bluetooth-Enabled Communication Devices
  • Key Smart Lighting Technology Trends
  • Technology Trends: Let There be Light for Lighting Controls
  • Technology Advancements in Smart Lighting & Controls to Boost Market Prospects
  • Li-Fi to Emerge as Game Changer
  • OLED Lighting Remains a Niche Category
  • Horticulture Lighting with Smart LEDs for Enabling City Farming
  • COVID-19 Pandemic Fuels Demand for Touch Free LED Lighting Devices
  • Government Policies Spur Adoption of Energy Efficient Lighting Solutions, Spur Opportunities for Smart Lighting Market
  • Impact of COVID-19 on the Construction Sector Tones Down Near-term Growth Prospects
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Demographic Trends Influence Market Prospects
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Drives Need for Efficient, and Longer Lasting Smart Lighting Solutions
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Improving Standards of Living
  • Key Challenges Hampering Market Prospects for Smart Lighting
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Smart Lighting and Control Systems Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Smart Lighting and Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Smart Lighting and Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 4: World 15-Year Perspective for Smart Lighting and Control Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2015, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Light Emitting Diodes (LEDs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Light Emitting Diodes (LEDs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 7: World 15-Year Perspective for Light Emitting Diodes (LEDs) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Fluorescent Lamps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Fluorescent Lamps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 10: World 15-Year Perspective for Fluorescent Lamps by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Lighting Sources by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Lighting Sources by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 13: World 15-Year Perspective for Other Lighting Sources by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Wired by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Wired by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 16: World 15-Year Perspective for Wired by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 19: World 15-Year Perspective for Wireless by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 22: World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 25: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 28: World 15-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2021 and % CAGR
  • Table 31: World 15-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Overview
  • Smart LED Lighting Witnesses Steady Adoption
  • Demand Continues to Grow for Connected LED Lighting Solutions
  • Increasing Use of LEDs in Retrofit Applications Benefit Market Expansion
  • Smart Street Lighting Offers Significant Opportunities for Market Penetration
  • Construction Activity Dynamics Determine Trends in Smart Lighting Market
  • Key Indicators for US Residential Construction Market
  • Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units for 2011-2021
  • Lighting Controls: Facilitating Lighting Management Anywhere Anytime
  • As COVID-19 Dents Prospects in Automotive Industry, Impact Imminent on Smart Automotive Lighting Market
  • US Vehicle Sales: % Change in Unit Sales for 2019 Vs 2020
  • Regulatory Changes Transform the Country's Lighting Landscape
CANADA
JAPAN
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • China Emerges as a Key Market for Smart Lighting Products
  • Urbanization in China in Terms of Percentage Share of Total Population Living in Cities: 2010-2020
  • Smart LED Lighting Market Holds Tremendous Potential in China
EUROPE
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Europe: A Major Market for Smart Lighting and Lighting Controls
  • Smart Lighting Steadily Gaining Traction in Europe
  • Consumer Interest towards Energy Efficiency Spurs Growth for Smart Lighting
  • Smart LED Street Lightings Gather Pace in Europe
FRANCE
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • LED Lighting Products Find Increased Acceptance As Energy Saving Solutions
  • Demand for Smart LEDs in Street Lighting Gains Momentum
  • Cellular and Radio Technologies to Experience Growing Adoption in Smart Street Lighting
REST OF EUROPE
ASIA-PACIFIC
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Asia-Pacific: A Promising Smart Lighting Market Worldwide
  • LEDs Penetrate Asia-Pacific Lighting Market, Paving Way for Smart Lighting Growth
  • India
  • Smart LED Technology Emerges as Key Solution to Curb Energy Demand
  • LED Lighting Pushes Eco-Efficiency in Urban India
  • LEDs Taking Over from HIDs in India's Street Lights Market
LATIN AMERICA
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
REST OF WORLD
  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Rest of World for 2022 (E)
  • Smart LED Lighting Market to Register Impressive Gains in the Middle East
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Acuity Brands, Inc.
  • Belkin International, Inc.
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Enlighted, Inc.
  • GE Current, a Daintree Company
  • GE Lighting, a Savant Company
  • Helvar Oy Ab
  • Honeywell International, Inc.
  • Legrand S.A
  • Leviton Manufacturing Company, Inc.
  • LG Electronics, Inc.
  • LightwaveRF Plc
  • Lutron Electronics Co., Inc.
  • OSRAM Licht AG
  • RAB Lighting, Inc.
  • Schneider Electric SE
  • Signify N.V.
  • Synapse Wireless, Inc.
  • Wipro Enterprises (P) Ltd.
  • Zumtobel Group AG