FEATURED COMPANIES
- Acuity Brands Inc.
- Deco Lighting
- GE Lighting
- Legrand S.A
- NEONICA POLSKA
- Signify Holding (Philips)
Smart Lighting Global Market Opportunities and Strategies to 2030: COVID-19 Implications and Growth provides the strategists, marketers and senior management with the critical information they need to assess the global smart lighting market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the smart lighting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Lighting market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart lighting market, and compares it with other markets.
The report covers the following chapters:
Scope
Markets Covered:
1) By Product: Smart Bulbs; Fixtures; Lighting Controls
2) By Light Source: LED; HID; Other Light Sources
3) By Communication Technology: Wired; Wireless
4) By Application: Commercial; Government; Residential; Others
Companies Mentioned: Schneider Electric SA; Cisco Systems Inc.; Honeywell Inc.; Signify Holding (Philips); Eaton
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; United States
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, smart lighting indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the smart lighting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Lighting market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart lighting market, and compares it with other markets.
The report covers the following chapters:
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, and segmentation by product, by light source, by communication technology and by application.
- Market Characteristics - The market characteristics section of the report defines and explains the smart lighting market. This chapter includes different products covered in the report and basic definitions.
- Trends and Strategies - This chapter describes the major trends shaping the global smart lighting market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- COVID-19 Impact - This chapter describes the COVID-19 impact on the global smart lighting market.
- Global Market Size and Growth - This section contains the global historic (2015-2020) and forecast (2020-2025) market value, and drivers and restraints that support and control the growth of the market in the historic and forecast period.
- Regional and Country Analysis - This section contains the historic (2015-2020), forecast (2020-2025) market value and growth and market share comparison by region and country.
- Market Segmentation - This section contains the market values (2015-2020,2025, and 2030) and analysis for different segments in the market.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global smart lighting market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Opportunities and Strategies - This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for smart lighting companies in terms of product offerings, geographic expansion, price offerings, and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Product: Smart Bulbs; Fixtures; Lighting Controls
2) By Light Source: LED; HID; Other Light Sources
3) By Communication Technology: Wired; Wireless
4) By Application: Commercial; Government; Residential; Others
Companies Mentioned: Schneider Electric SA; Cisco Systems Inc.; Honeywell Inc.; Signify Holding (Philips); Eaton
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; United States
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, smart lighting indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
FEATURED COMPANIES
- Acuity Brands Inc.
- Deco Lighting
- GE Lighting
- Legrand S.A
- NEONICA POLSKA
- Signify Holding (Philips)
1. Smart Lighting Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure6. Introduction
7. Segmentation By Geography
8. Smart Lighting Market Characteristics
9. Smart Lighting Market Trends and Strategies
10. Impact Of COVID-19 On The Smart Lighting Market
11. Global Smart Lighting Market Size and Growth
12. Global Smart Lighting Market Segmentation
13. Smart Lighting Market, Regional and Country Analysis
14. Asia-Pacific Smart Lighting Market
15. Western Europe Smart Lighting Market
16. Eastern Europe Smart Lighting Market
17. North America Smart Lighting Market
18. South America Smart Lighting Market
19. Middle East Smart Lighting Market
20. Africa Smart Lighting Market
21. Global Smart Lighting Market Competitive Landscape
22. Key Mergers and Acquisitions In The Smart Lighting Market
23. Smart Lighting Market Opportunities and Strategies
24. Smart Lighting Market, Conclusions and Recommendations
25. Appendix
FEATURED COMPANIES
- Acuity Brands Inc.
- Deco Lighting
- GE Lighting
- Legrand S.A
- NEONICA POLSKA
- Signify Holding (Philips)
This report describes and explains the global smart lighting market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The global smart lighting market reached a value of nearly $11,065.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.1% since 2015. The market is expected to grow from $11,065.3 million in 2020 to $22,569.7 million in 2025 at a rate of 15.3%. The market is then expected to grow at a CAGR of 14.3% from 2025 and reach $43,978.9 million in 2030.
Growth in the historic period resulted from increase in voice assistant devices, strong economic growth in emerging markets, low interest rate environment, increase in internet penetration, high investments. Factors that could hinder the growth of the smart lighting market in the historic period include high costs, fluctuating prices of metals, shortage in electronic components supply.
Going forward impact of coronavirus, rising investments in energy efficient infrastructure, evolving smart cities, favorable government initiatives, increasing IoT will drive the growth. Factors that could hinder the growth of the smart lighting market in the future include the harmful effects of LED lights and coronavirus pandemic.
The smart lighting market is segmented by product into smart bulbs, fixtures and lighting controls. The lighting controls market was the largest segment of the smart lighting market segmented by product type, accounting for 48.7% of the total in 2020. Going forward, the smart bulbs segment is expected to be the fastest growing segment in the smart lighting market segmented by product type, at a CAGR of 16.3% during 2020-2025.
The smart lighting market is segmented by light source into LED, HID, and other light sources. The LED market was the largest segment of the smart lighting market segmented by light source, accounting for 76.5% of the total in 2020. Going forward, the LED segment is expected to be the fastest growing segment in the smart lighting market segmented by light source, at a CAGR of 17.2% during 2020-2025.
The smart lighting market is segmented by communication technology into wired, and wireless. The wired market was the largest segment of the smart lighting market segmented by communication technology, accounting for 71.6% of the total in 2020. Going forward, the wireless segment is expected to be the fastest growing segment in the smart lighting market segmented by communication technology, at a CAGR of 18.2% during 2020-2025
The smart lighting market is segmented by application into commercial, government, residential and others. The commercial market was the largest segment of the smart lighting market segmented by application, accounting for 47.4% of the total in 2020. Going forward, the residential segment is expected to be the fastest growing segment in the smart lighting market segmented by application, at a CAGR of 17.5% during 2020-2025
North America was the largest region in the global smart lighting market, accounting for 36.7% of the total in 2020. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the smart lighting market will be Eastern Europe and Africa, where growth will be at CAGRs of 29.1% and 27.1% respectively. These will be followed by South America and Middle East where the markets are expected to grow at CAGRs of 25.9% and 21.7% respectively.
The Coronavirus rapidly impacted the performance of various industries, the smart lighting market included. Many countries have shut down business operations and implemented social distancing measures to limit people’s movements and interactions at public spaces in cities. Covid-19-19 had uncovered the importance of urban parks and green spaces, during the lockdown period, parks were essential for recreation, social interaction and maintaining social relations. For example, in cities in northern Europe, outdoor spaces were important sources for people’s daily dose of natural light. Moreover, good weather during lockdown meant that more people than usual were in urban green spaces. Increasing or decreasing brightness in public spaces depends on the detected footfall and can help residents feel safer and encourage locals to roam around even in the evening. Companies such as Signify and Luci association are looking for smart lighting solutions as parks are not lit and therefore not accessible at night. The desirability of illuminating green spaces at night had always been an ongoing requirement, but now, with greater importance being given to green spaces in cities, the development of smart lighting solutions in open public spaces might change in the future of open public spaces.
The smart lighting market is fairly fragmented with large number of global players operating in the market. The key players in the market are focusing on developing innovative products to meet the demand from customers. The companies are also focusing on expanding its business presence in the market through strategic acquisition of emerging companies in the industry. The top 10 companies in the market occupied 52.26% of market share in the global smart lightings market. Major players in the market includes Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), and Eaton.
The top opportunities in the smart lighting market segmented by type will arise in the lighting controls segment, which will gain $5,282.1 million of global annual sales by 2025. The top opportunities in segment by application will arise in the residential segment, which will gain $5,190.9 million of global annual sales by 2025. The top opportunities in segment by light source will arise in the LED segment, which will gain $10,275.1 million of global annual sales by 2025. The top opportunities in segment by communication technology will arise in the wired segment, which will gain $7,394.6 million of global annual sales by 2025The smart lighting market size will gain the most in the USA at $2,464.5 million.
Market-trend-based strategies for the smart lighting market include manufacturing Wi-Fi enabled LED bulbs, adopting LiFi technology to employ high speed two-way wireless communications for the workplace, investing in human-centric lighting (HCL) to optimize building efficiency for resident protection and safety, adopting IoT smart lighting technologies to enhance user experience and safety, adopting mergers and acquisitions to expand their existing product portfolio and geographical presence, focusing on new product launches to meet the market demand.
Player-adopted strategies in the smart lighting market include business expansion with increased investments in modernization, expanding the business presence in smart lighting market through partnerships and collaborations, expanding presence through collaborations and new product launches, expanding international presence through mergers and acquisitions and business expansion through partnerships and collaborations to deliver connected solutions for outdoor LED lighting and related smart city applications.
To take advantage of the opportunities, the publisher recommends the smart lighting companies to focus on development of Wi-Fi enabled led bulbs, emergence of IoT technology for smart lightning, increasing focus on Li-Fi technology, expand in emerging markets, scale up through merger and acquisition activity, market-based pricing, increase in sales through e-commerce, participate in trade shows and events, focus on smart lighting customers and invest in human-centric led lighting.
The global smart lighting market reached a value of nearly $11,065.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.1% since 2015. The market is expected to grow from $11,065.3 million in 2020 to $22,569.7 million in 2025 at a rate of 15.3%. The market is then expected to grow at a CAGR of 14.3% from 2025 and reach $43,978.9 million in 2030.
Growth in the historic period resulted from increase in voice assistant devices, strong economic growth in emerging markets, low interest rate environment, increase in internet penetration, high investments. Factors that could hinder the growth of the smart lighting market in the historic period include high costs, fluctuating prices of metals, shortage in electronic components supply.
Going forward impact of coronavirus, rising investments in energy efficient infrastructure, evolving smart cities, favorable government initiatives, increasing IoT will drive the growth. Factors that could hinder the growth of the smart lighting market in the future include the harmful effects of LED lights and coronavirus pandemic.
The smart lighting market is segmented by product into smart bulbs, fixtures and lighting controls. The lighting controls market was the largest segment of the smart lighting market segmented by product type, accounting for 48.7% of the total in 2020. Going forward, the smart bulbs segment is expected to be the fastest growing segment in the smart lighting market segmented by product type, at a CAGR of 16.3% during 2020-2025.
The smart lighting market is segmented by light source into LED, HID, and other light sources. The LED market was the largest segment of the smart lighting market segmented by light source, accounting for 76.5% of the total in 2020. Going forward, the LED segment is expected to be the fastest growing segment in the smart lighting market segmented by light source, at a CAGR of 17.2% during 2020-2025.
The smart lighting market is segmented by communication technology into wired, and wireless. The wired market was the largest segment of the smart lighting market segmented by communication technology, accounting for 71.6% of the total in 2020. Going forward, the wireless segment is expected to be the fastest growing segment in the smart lighting market segmented by communication technology, at a CAGR of 18.2% during 2020-2025
The smart lighting market is segmented by application into commercial, government, residential and others. The commercial market was the largest segment of the smart lighting market segmented by application, accounting for 47.4% of the total in 2020. Going forward, the residential segment is expected to be the fastest growing segment in the smart lighting market segmented by application, at a CAGR of 17.5% during 2020-2025
North America was the largest region in the global smart lighting market, accounting for 36.7% of the total in 2020. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the smart lighting market will be Eastern Europe and Africa, where growth will be at CAGRs of 29.1% and 27.1% respectively. These will be followed by South America and Middle East where the markets are expected to grow at CAGRs of 25.9% and 21.7% respectively.
The Coronavirus rapidly impacted the performance of various industries, the smart lighting market included. Many countries have shut down business operations and implemented social distancing measures to limit people’s movements and interactions at public spaces in cities. Covid-19-19 had uncovered the importance of urban parks and green spaces, during the lockdown period, parks were essential for recreation, social interaction and maintaining social relations. For example, in cities in northern Europe, outdoor spaces were important sources for people’s daily dose of natural light. Moreover, good weather during lockdown meant that more people than usual were in urban green spaces. Increasing or decreasing brightness in public spaces depends on the detected footfall and can help residents feel safer and encourage locals to roam around even in the evening. Companies such as Signify and Luci association are looking for smart lighting solutions as parks are not lit and therefore not accessible at night. The desirability of illuminating green spaces at night had always been an ongoing requirement, but now, with greater importance being given to green spaces in cities, the development of smart lighting solutions in open public spaces might change in the future of open public spaces.
The smart lighting market is fairly fragmented with large number of global players operating in the market. The key players in the market are focusing on developing innovative products to meet the demand from customers. The companies are also focusing on expanding its business presence in the market through strategic acquisition of emerging companies in the industry. The top 10 companies in the market occupied 52.26% of market share in the global smart lightings market. Major players in the market includes Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), and Eaton.
The top opportunities in the smart lighting market segmented by type will arise in the lighting controls segment, which will gain $5,282.1 million of global annual sales by 2025. The top opportunities in segment by application will arise in the residential segment, which will gain $5,190.9 million of global annual sales by 2025. The top opportunities in segment by light source will arise in the LED segment, which will gain $10,275.1 million of global annual sales by 2025. The top opportunities in segment by communication technology will arise in the wired segment, which will gain $7,394.6 million of global annual sales by 2025The smart lighting market size will gain the most in the USA at $2,464.5 million.
Market-trend-based strategies for the smart lighting market include manufacturing Wi-Fi enabled LED bulbs, adopting LiFi technology to employ high speed two-way wireless communications for the workplace, investing in human-centric lighting (HCL) to optimize building efficiency for resident protection and safety, adopting IoT smart lighting technologies to enhance user experience and safety, adopting mergers and acquisitions to expand their existing product portfolio and geographical presence, focusing on new product launches to meet the market demand.
Player-adopted strategies in the smart lighting market include business expansion with increased investments in modernization, expanding the business presence in smart lighting market through partnerships and collaborations, expanding presence through collaborations and new product launches, expanding international presence through mergers and acquisitions and business expansion through partnerships and collaborations to deliver connected solutions for outdoor LED lighting and related smart city applications.
To take advantage of the opportunities, the publisher recommends the smart lighting companies to focus on development of Wi-Fi enabled led bulbs, emergence of IoT technology for smart lightning, increasing focus on Li-Fi technology, expand in emerging markets, scale up through merger and acquisition activity, market-based pricing, increase in sales through e-commerce, participate in trade shows and events, focus on smart lighting customers and invest in human-centric led lighting.
A selection of companies mentioned in this report includes:
- Schneider Electric SA
- Cisco Systems Inc.
- Honeywell Inc.
- Signify Holding (Philips)
- Eaton
- Legrand S.A
- Acuity Brands Inc.
- Wipro
- Zumtobel Group AG
- OSRAM GmbH
- Cree company
- SSK Group
- Halonix
- Param LED Products
- MLS Lighting
- NVC International Holdings Limited
- OPPLE Lighting
- San’an Optoelectronics Co., Ltd
- Meka Electric Corporation
- YEELIGHT
- Odeer Lighting
- Longhorn Intelligent Tech Co., LTD
- Contrac Lighting
- PULSAR
- Apollo Lighting Ltd
- LED Light Vision
- FLUX LIGHTING
- Eleti Lighting
- ELEKTRA GMBH
- NEONICA POLSKA
- ART METAL
- Altavola Design
- Lumines Lighting
- TREVOS
- Varton
- GE Lighting
- LSI Industries Inc.
- Energy Focus, Inc.
- Lumileds
- Deco Lighting
- Frederico Lopes Leal
- Light Tool Industries E Comercio Ltd.
- Studio dois emme iluminação
- Veta Energia
- Idoler Iluminacion
- Ledolas
- Lutron
- Hafele
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