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Smart Lighting and Control Systems - Global Market Trajectory & Analytics

  • ID: 5140785
  • Report
  • February 2022
  • Region: Global
  • 392 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB
  • Cree Lighting
  • Elgato Systems
  • Helvar
  • Legrand S.A
  • OSRAM Licht AG

Global Smart Lighting and Control Systems Market to Reach $78.8 Billion by 2026


Smart lighting refers to an energy efficient lighting product, wherein the light control is adjusted based on the needs of users and as per the regulations. Smart lighting system and control systems offer numerous benefits including ability to remotely access the lighting system, improved energy efficiency, reduced energy consumption, easy installation, and cost effective lighting solution, when compared to conventional lighting system. Smart lighting products also reduce greenhouse gas emissions thus helping maintain sustainable atmosphere. Driven by the continuous focus on sustainable green building initiatives to address rising environmental concerns, the adoption of smart lighting products is on the rise. The demand for smart lighting systems is also benefiting from government efforts to promote smart city projects, which focus on adoption of energy efficient and connected, or IoT based lighting systems. Advances in sensor and electronics segments, evolution of wireless technology, and the transition away from incandescent lamps is also expected to support market expansion.

Amid the COVID-19 crisis, the global market for Smart Lighting and Control Systems estimated at US$35.7 Billion in the year 2020, is projected to reach a revised size of US$78.8 Billion by 2026, growing at a CAGR of 14.7% over the analysis period. Light Emitting Diodes (LEDs), one of the segments analyzed in the report, is projected to record a 17.7% CAGR and reach US$67.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fluorescent Lamps segment is readjusted to a revised 6.1% CAGR for the next 7-year period. Market growth is dominated by light emitting diodes (LED) segment, due to its widespread and expanding use in various lighting applications. The LED segment benefits from features such as high energy savings and low carbon emissions. The decline in cost of LEDs and their superior performance are making them highly popular and augmenting their adoption.



The U.S. Market is Estimated at $8.9 Billion in 2021, While China is Forecast to Reach $11.8 Billion by 2026


The Smart Lighting and Control Systems market in the U.S. is estimated at US$8.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.8 Billion by the year 2026 trailing a CAGR of 18.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 13.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR. Developed economies of North America and Europe lead the market growth, led by government support and rising implementation of advanced LED lighting solutions. Rising awareness about energy conservation constitutes a key factor fueling adoption of smart lighting systems in developed economies. Rapid pace of industrialization and the need for energy optimized infrastructure in residential and commercial sectors will boost market prospects in developing economies.

By Connectivity, Wired Segment to Reach $52.3 Billion by 2026


As LEDs become ubiquitous in commercial spaces, wired smart lighting controls, as integrated systems in light fixtures, are expected to increase in number providing strong growth opportunities. Wired controls are connected using standard Ethernet connection cables. In the global Wired (Connectivity) segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$20.2 Billion in the year 2020 will reach a projected size of US$48.7 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$4.3 Billion by the year 2026.

Select Competitors (Total 63 Featured) -

  • ABB
  • Acuity Brands
  • Belkin International, Inc
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Elgato Systems
  • Enlighted, Inc
  • General Electric Company
  • Helvar
  • Honeywell International Inc
  • Hubbell Incorporated
  • Koninklijke Philips NV
  • 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
  • Synapse Wireless, Inc
  • Wipro Enterprises (P) Limited
  • Zumtobel Group AG
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 $35.7 Billion in 2020.

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 14.1%, with an estimated value of $78.8 Billion by 2026.

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 $78.8 Billion by 2026.

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, Acuity Brands, Belkin International, Inc, Cree Lighting, Dialight PLC, Eaton Corporation plc, Elgato Systems, Enlighted, Inc and Helvar.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Cree Lighting
  • Elgato Systems
  • Helvar
  • Legrand S.A
  • OSRAM Licht AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 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
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • An Introduction to Smart Lighting & Control Systems
  • Smart Lighting: Energy-Efficient, Dynamic, Digital, and Connected
  • Global Market Prospects & Outlook
  • LEDs Continue to Gain Over Other Smart Lighting Technologies
  • Developed Regions Lead, Developing Nations to Boost Long-term Growth
  • Competition
  • 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
  • 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)

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
  • Convergence of IoT and Lighting Devices
  • 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
  • Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
  • 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
  • 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
  • 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
  • Introduction of Interoperable Communication Networks Fuels Demand for Wireless Lighting Devices
  • Advent of Novel Standards Fuel Demand for Bluetooth-Enabled Communication Devices
  • 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
  • Ongoing 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


III. MARKET ANALYSIS

UNITED STATES

  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 (Jan 2020-June 2020)
  • 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 2022 (E)

CHINA

  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2022 (E)
  • Europe: A Major Market for Smart Lighting and Lighting Controls
  • 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 2022 (E)

GERMANY

  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Smart Lighting and Control Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (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 2022 (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 2022 (E)

REST OF WORLD

  • Smart LED Lighting Market to Register Impressive Gains in the Middle East

IV. COMPETITION

  • Total Companies Profiled: 63
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB
  • Acuity Brands
  • Belkin International, Inc
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Elgato Systems
  • Enlighted, Inc
  • General Electric Company
  • Helvar
  • Honeywell International Inc
  • Hubbell Incorporated
  • Koninklijke Philips NV
  • 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
  • Synapse Wireless, Inc
  • Wipro Enterprises (P) Limited
  • Zumtobel Group AG
Note: Product cover images may vary from those shown