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Smart Lighting Global Market Opportunities and Strategies to 2030: COVID-19 Implications and Growth

  • ID: 5353041
  • Report
  • June 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Acuity Brands Inc.
  • Deco Lighting
  • GE Lighting
  • Legrand S.A
  • NEONICA POLSKA
  • Signify Holding (Philips)
  • MORE
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
  • 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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuity Brands Inc.
  • Deco Lighting
  • GE Lighting
  • Legrand S.A
  • NEONICA POLSKA
  • Signify Holding (Philips)
  • MORE
1. Smart Lighting Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Segmentation By Geography
7.1 Segmentation By Product
7.2 Segmentation By Light Source
7.3 Segmentation By Communication Technology
7.4 Segmentation By Application

8. Smart Lighting Market Characteristics
8.1 Market Definition
8.2 Segmentation By Product
8.2.1 Smart Bulbs
8.2.2 Fixtures
8.2.3 Lighting Controls
8.3 Segmentation By Light Source
8.3.1 LED
8.3.2 HID
8.3.3 Other Light Sources
8.4 Segmentation By Communication Technology
8.4.1 Wired
8.4.2 Wireless
8.5 Segmentation By Application
8.5.1 Commercial
8.5.2 Government
8.5.3 Residential
8.5.4 Others

9. Smart Lighting Market Trends and Strategies
9.1 Wi-Fi Enabled LED Bulbs
9.2 Increasing Demand For LiFi Technology
9.3 Human-Centric LED
9.4 Emergence Of IoT Technology For Smart Lightning
9.5 Increased M&A Activity
9.6 New Product Launches

10. Impact Of COVID-19 On The Smart Lighting Market
10.1 Impact On Smart Lighting in Public Spaces
10.2 Impact On On-Going Smart Lighting Projects
10.3 Impact On Major Smart Lighting Companies In The Market

11. Global Smart Lighting Market Size and Growth
11.1 Market Size
11.2 Historic Market Growth, 2015 - 2020, Value ($ Million)
11.2.1 Drivers Of The Market 2015 - 2020
11.2.2 Restraints On The Market 2015 - 2020
11.3 Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
11.3.1 Drivers Of The Market 2020 - 2025
11.3.2 Restraints On The Market 2020 - 2025

12. Global Smart Lighting Market Segmentation
12.1 Global Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.1.1 Lighting Controls
12.1.2 Fixtures
12.1.3 Smart Bulbs
12.2 Global Smart Lighting Market, Segmentation By Application, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.2.1 Commercial
12.2.2 Residential
12.2.3 Government
12.2.4 Others
12.3 Global Smart Lighting Market, Segmentation By Light Source, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.3.1 LED
12.3.2 Other Light Sources
12.3.3 HID
12.4 Global Smart Lighting Market, Segmentation By Communication Technology, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.4.1 Wired
12.4.2 Wireless

13. Smart Lighting Market, Regional and Country Analysis
13.1 Global Smart Lighting Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.2 Global Smart Lighting Market, By Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

14. Asia-Pacific Smart Lighting Market
14.1 Asia-Pacific Smart Lighting Market Overview
14.1.1 Region Information
14.1.2 Market Information
14.1.3 COVID-19 Impact
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies
14.2 Asia-Pacific Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.3 Asia-Pacific Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.4 Asia-Pacific Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.5 Asia-Pacific Smart Lighting Market: Country Analysis
14.6 China Smart Lighting Market
14.6.1 China Smart Lighting Market Overview
14.6.2 Country Information
14.6.3 Market Information
14.6.4 COVID-19 Impact
14.6.5 Background Information
14.6.6 Government Initiatives
14.6.7 Regulations
14.6.8 Regulatory bodies
14.6.9 Major Associations
14.6.10 Taxes Levied
14.6.11 Corporate Tax Structure
14.6.12 Major Companies
14.7 China Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.8 China Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.9 China Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.10 India Smart Lighting Market
14.11 India Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.12 India Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.13 India Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.14 Japan Smart Lighting Market
14.15 Japan Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.16 Japan Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.17 Japan Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.18 Australia Smart Lighting Market
14.19 Australia Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.20 Australia Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.21 Australia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.22 Indonesia Smart Lighting Market
14.23 Indonesia Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.24 Indonesia Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.25 Indonesia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.26 South Korea Smart Lighting Market
14.27 South Korea Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.28 South Korea Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
14.29 South Korea Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

15. Western Europe Smart Lighting Market
15.1 Western Europe Smart Lighting Market Overview
15.1.1 Region Information
15.1.2 Market Information
15.1.3 COVID-19 Impact
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies
15.2 Western Europe Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.3 Western Europe Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
15.4 Western Europe Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
15.5 Western Europe Smart Lighting Market: Country Analysis
15.6 UK Smart Lighting Market
15.7 UK Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.8 UK Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
15.9 UK Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
15.10 Germany Smart Lighting Market
15.11 Germany Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.12 Germany Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
15.13 Germany Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
15.14 France Smart Lighting Market
15.15 France Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.16 France Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
15.17 France Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

16. Eastern Europe Smart Lighting Market
16.1 Eastern Europe Smart Lighting Market Overview
16.1.1 Region Information
16.1.2 Market Information
16.1.3 COVID-19 Impact
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Investments
16.1.12 Major Companies
16.2 Eastern Europe Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
16.3 Eastern Europe Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
16.4 Eastern Europe Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
16.5 Eastern Europe Smart Lighting Market: Country Analysis
16.6 Russia Smart Lighting Market
16.7 Russia Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
16.8 Russia Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
16.9 Russia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

17. North America Smart Lighting Market
17.1 North America Smart Lighting Market Overview
17.1.1 Region Information
17.1.2 Market Information
17.1.3 COVID-19 Impact
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies
17.2 North America Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
17.3 North America Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
17.4 North America Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
17.5 North America Smart Lighting Market: Country Analysis
17.6 USA Smart Lighting Market
17.6.1 USA Smart Lighting Market Overview
17.6.2 Country Information
17.6.3 Market Information
17.6.4 COVID-19 Impact
17.6.5 Background Information
17.6.6 Government Initiatives
17.6.7 Regulations
17.6.8 Regulatory Bodies
17.6.9 Major Associations
17.6.10 Taxes Levied
17.6.11 Corporate Tax Structure
17.6.12 Investments
17.6.13 Major Companies
17.7 USA Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
17.8 USA Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
17.9 USA Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

18. South America Smart Lighting Market
18.1 South America Smart Lighting Market Overview
18.1.1 Region Information
18.1.2 Market Information
18.1.3 COVID-19 Impact
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Investments
18.1.12 Major Companies
18.2 South America Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
18.3 South America Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
18.4 South America Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
18.5 South America Smart Lighting Market: Country Analysis
18.6 Brazil Smart Lighting Market
18.7 Brazil Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
18.8 Brazil Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
18.9 Brazil Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

19. Middle East Smart Lighting Market
19.1 Middle East Smart Lighting Market Overview
19.1.1 Region Information
19.1.2 Market Information
19.1.3 COVID 19 Impact
19.1.4 Background Information
19.1.5 Government Initiatives
19.1.6 Regulations
19.1.7 Regulatory Bodies
19.1.8 Major Associations
19.1.9 Taxes Levied
19.1.10 Corporate Tax Structure
19.1.11 Investments
19.1.12 Major Companies
19.2 Middle East Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
19.3 Middle East Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
19.4 Middle East Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

20. Africa Smart Lighting Market
20.1 Africa Smart Lighting Market Overview
20.1.1 Region Information
20.1.2 Market Information
20.1.3 COVID-19 Impact
20.1.4 Background Information
20.1.5 Government Initiatives
20.1.6 Regulations
20.1.7 Regulatory Bodies
20.1.8 Major Associations
20.1.9 Taxes Levied
20.1.10 Corporate Tax Structure
20.1.11 Investments
20.1.12 Major Companies
20.2 Africa Smart Lighting Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
20.3 Africa Smart Lighting Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
20.4 Africa Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

21. Global Smart Lighting Market Competitive Landscape
21.1 Company Profiles
21.2 Schneider Electric
21.2.1 Company Overview
21.2.2 Products and Services
21.2.3 Business Strategy
21.2.4 Financial Overview
21.3 Cisco Systems, Inc.
21.3.1 Company Overview
21.3.2 Products and Services
21.3.3 Business Strategy
21.3.4 Financial overview
21.4 Honeywell International Inc.
21.4.1 Company Overview
21.4.2 Products and Services
21.4.3 Business Strategy
21.4.4 Financial Overview
21.5 Signify Holding (Philips)
21.5.1 Company Overview
21.5.2 Products and Services
21.5.3 Business Strategy
21.5.4 Financial overview
21.6 Eaton Corporation Inc
21.6.1 Company Overview
21.6.2 Products and Services
21.6.3 Business Strategy
21.6.4 Financial Overview

22. Key Mergers and Acquisitions In The Smart Lighting Market
22.1 Savant Systems, Inc. Acquired GE Lighting
22.2 Leviton Acquired Viscor
22.3 Signify Acquired Cooper Lighting
22.4 Signify Acquired WiZ Connected
22.5 Delta Acquired Amerlux
22.6 Ideal Industries Acquired Cree Lighting
22.7 Phoenix Lighting Acquired Bright Light Systems
22.8 Legrand Acquired Kenall

23. Smart Lighting Market Opportunities and Strategies
23.1 Global Smart Lighting Market In 2025 - Countries Offering Most New Opportunities
23.2 Global Smart Lighting Market In 2025 - Segments Offering Most New Opportunities
23.3 Global Smart Lighting Market In 2025 - Growth Strategies
23.3.1 Market Trend Based Strategies
23.3.2 Competitor Strategies

24. Smart Lighting Market, Conclusions and Recommendations
24.1 Conclusions
24.2 Recommendations
24.2.1 Product
24.2.2 Place
24.2.3 Price
24.2.4 Promotion
24.2.5 People

25. Appendix
25.1 Market Data Sources
25.2 Research Methodology
25.3 Currencies
25.4 Research Inquiries
25.5 About the Publisher
25.6 Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuity Brands Inc.
  • Deco Lighting
  • GE Lighting
  • Legrand S.A
  • NEONICA POLSKA
  • Signify Holding (Philips)
  • MORE
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.
Note: Product cover images may vary from those shown
  • 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
Note: Product cover images may vary from those shown

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