Global Smart Lighting Market is expected to reach million by 2026 and is projected to register a healthy CAGR of 22.1% in the forecast period of 2019 to 2026. Global Smart Lighting Market, By Offering (Hardware {Lights and Luminaries, Lighting Controls, Relay Units}, Software {Local/ Web Based, Cloud Based}, Services {Design and Engineering, Installation Services, Post Installation Services}), Installation Type (Retrofit Installation, New Installation), Communication Technology (Wired Technology, Wireless Technology), Application Type (Indoor, Outdoor), Country (North America, Europe, Asia Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2026 Top Manufacturers Profiles Operating in this Market: Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and among others.
The Smart Lighting is one of the most important lighting solutions for providing solution for both indoor and outdoor purposes with latest advanced technology products such as LEDs, Luminaires, fluorescent bulbs and others. The smart lighting is used to offer better energy efficiency as compared to traditional incandescent and halogen options. The main purpose is to deliver durability in terms of breakage resistant and largely immune to vibrations. The smart lighting offers a wide range of applications in street roadways, tunnel & bridges, architectural, commercial, office lighting, projection lighting.
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Descriptive Analysis of the Market
This Smart Lighting research report delivers the Descriptive Analysis of the market by introducing the definition, classification, segmentation, application, engagements and market trends. It also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in industry.
Segmentation
For the better understanding the market is segmented on the basis of type, product, end users and geographical landscape
Global smart lighting market is segmented into four notable segments which are offering, installation type, communication technology and application type.
- On the basis of offering, the market is segmented into hardware, software and services. The hardware is sub- segmented into lights & luminaires, relay units and lighting controls. The lights & luminaires is further sub- segmented into smart bulbs and fixtures. The smart bulbs again sub-segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub-segmented into switches & dimmers, LED drivers, sensors and gateways. The switches & dimmers are further sub-segmented into switches, 2manual switches and dimmers. The switches are further sub-segmented into electronic switches. The dimmers are further sub-segmented into wired dimmers and wireless dimmers. The software is sub-segmented into cloud based and local/web-based. The services are sub-segmented into installation services, design & engineering and post-installation services. In 2019, hardware segment is growing at the highest CAGR and expected to reach USD million in the forecast period of 2019 to 2026.
- Hardware segment is expected to dominate the global smart lighting market due to the increase in the application of LED lighting products such are bulbs, luminaires and lamps for indoor and outdoor spaces as well as rising awareness regarding energy consumption in LED lighting.
- On the basis of installation type, the market is segmented into new installation and retrofit installation. In 2019, retrofit installation segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2019 to 2026.
- Retrofit installation segment is expected to dominate the global smart lighting market due to its low installation cost as compared to new fixtures.
- On the basis of communication technology, the market is segmented into wired technology and wireless technology. The wired technology is sub-segmented into power-line communication, wired hybrid protocols, digital addressable lighting interface and power over Ethernet. The wireless technology is sub-segmented into ZIGBEE, Bluetooth, Wi-Fi, wireless hybrid protocols, EnOcean and 6lowpan. In 2019, wired technologies are growing at the highest CAGR of in the forecast period of 2019 to 2026.
- Wired technology is augmenting the maximum share as it is considered to be 20% – 30% less expensive than their wireless along with reduced energy consumption. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increasing accessibility of open source software and advancement in wireless technologies and rising demand of wireless smart lighting systems for both building and home automation.
- On the basis of application type, the market is segmented into outdoor application and indoor application. The outdoor application is sub-segmented into roadways & highways, public places and architectural. The indoor application is sub-segmented into commercial, residential and industrial. The roadway & highway is sub-segmented into street & roadways, highways and tunnels & bridges. The commercial is sub-segmented into office lighting, projection lighting, retail and hospitality. In 2019, residential segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
- Residential segment is expected to dominate the global smart lighting market due to the increase in the application of lighting control system at homes and workplaces. These are cost saving and helps in reduced energy consumption along with productivity maximization. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increase in usage of smart lighting in many residential areas which mostly utilizes wireless technology lighting solutions such as smartphone using Wi-Fi, Bluetooth, Z-Wave, and even wireless radio for better connectivity and easy to access.
Table of Content:
Smart Lighting Market Size
Smart Lighting Market New Sales Volumes
Smart Lighting Market Replacement Sales Volumes
Smart Lighting Installed Base
Smart Lighting Market by Brands
Smart Lighting Market Procedure Volumes
Smart Lighting Market Product Price Analysis
Smart Lighting Market Shares in Different Regions
Smart Lighting Recent Developments for Market Competitors
Smart Lighting Market Upcoming Applications
Smart Lighting Market Innovators Study
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Insights of the Study
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Smart Lighting market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- The key findings and recommendations highlight crucial progressive industry trends in the Smart Lighting Market, thereby allowing players to develop effective long term strategies
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Why to purchase this report?
Following are the reasons to consider this Smart Lighting report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Smart Lighting Market.
- This report not only analyzes present market condition but it likewise estimates how the Smart Lighting Market is going to perform for estimated time period of 2020-2027.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
Product Launch:
- In May, PHILIPS LIGHTING HOLDING B.V. acquired LiteMagic Technologies, which is beneficial in expanding high end portfolio products such as luminaires and control systems in the region of China.
- In October, OSRAM Opto Semiconductors GmbH launched dynamic in-car lighting, which is beneficial in providing passenger cell, dynamic dimensions, and static light switch for On/Off applications.
- In September, Honeywell International Inc. (U.S.) launched a new lighting and power management system, which is beneficial in offering efficient lighting, efficient lighting and power-management in retrofit.
- In October, Cree, Inc. expanded its industrial lighting portfolio which is linear, high-bay luminaires and beneficial in offering ideal solution for construction and retrofit market.
Research Methodology: Global Smart Lighting Market
Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
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