Smart Lighting Market Size, Share, Analysis Report

Smart Lighting Market Size by Application (Outdoor, Indoor), By Communication Technology (Wireless, Wired), By Light Source (Fluorescent Lamp, Light Emitting Diode), By Product Type (Fixtures, Control Systems, Smart Bulbs), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The smart lighting market is determined by stringent government regulations across the world to limit the utilization of inefficient lighting technologies.

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MARKET SNAPSHOT

Major Players

  • Leviton Manufacturing Company Inc
  • Honeywell International Inc
  • Lutron Electronics Co.Inc
  • Hubbell Incorporated
  • Zumtobel Group AG
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    6

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The global smart lighting market is projected to raise significantly over the estimate period. Smart lighting has been an innovation in lighting industry which makes use of control system that intelligently control light, based on parameters like temperature, movement, occupancy, amount of natural light etc. Lighting consumes a high energy cost thus Industries, government departments are concentrating on dropping the energy utilization by substituting the traditional lighting systems through efficient and advance lighting control systems. Automated lighting control not only offers with economical and flexible lighting but also monitors the tasks carried out by the users. Consequently, the demand for smart lighting system is increasing exponentially. A new concept like wireless networking is evolving and is being approved vigorously. The application for smart lighting can be in the sectors like residential, government buildings, industrial and automobiles. Furthermore, smart lighting systems empower users to variation the colour and brightness of fixtures from anywhere around the world. Smart lighting is an important tool in smart-city development, since universally an important number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental things on the environment. Additionally, the market can be segmented on basis of control components like occupancy sensors, controllable breakers, and shutter actuators, switch actuators, dimming actuators, relays, transmitter and receivers. At present, Europe dominates the smart lighting market mainly in commercial buildings, automobiles applications and outdoor lighting.

    Based on Product Type, the global Smart Lighting market is segmented in Fixtures, Control Systems, and Smart Bulbs.

    The global Smart Lighting market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Lighting market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc., Honeywell International Inc., Hubbell Incorporated, Zumtobel Group AG, Signify N.V., Legrand S.A., Acuity Brands, Inc., Eaton Corporation PLC, General Electric Company, and others are among the major players in the global Smart Lighting market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Smart Lighting Market has been segmented as below:

    Smart Lighting Market, By Application

    • Outdoor
    • Indoor

    Smart Lighting Market, By Communication Technology

    • Wireless
    • Wired

    Smart Lighting Market, By Light Source

    • Fluorescent Lamp
    • Light Emitting Diode

    Smart Lighting Market, By Product Type

    • Fixtures
    • Control Systems
    • Smart Bulbs

    Smart Lighting Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Lighting Market, By Company

    • Leviton Manufacturing Company, Inc.
    • Lutron Electronics Co., Inc.
    • Honeywell International Inc.
    • Hubbell Incorporated
    • Zumtobel Group AG
    • Signify N.V.
    • Legrand S.A.
    • Acuity Brands, Inc.
    • Eaton Corporation PLC
    • General Electric Company
    • OSRAM Licht AG

    The report covers:

    • Global Smart Lighting market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027, with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Smart Lighting market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Lighting market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Smart Lighting market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Lighting market share. Major industry players with significant revenue share include Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc., Honeywell International Inc., Hubbell Incorporated, Zumtobel Group AG, Signify N.V. , Legrand S.A., Acuity Brands, Inc., Eaton Corporation PLC, General Electric Company, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Smart Lighting industry trends
    • Find complete analysis on the market status
    • Identify the Smart Lighting market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent Developments in Smart Lighting market are as follows:

    Honeywell International Inc.

    • 06-2018: Honeywell is a global leader in connected buildings, will promotion a suite of next-generation energy management software, smart lighting, voice controls, and secure cloud communication systems.
    • 11-2019: Honeywell has declared the introduction of a new smart lighting solution for the hospitality sector.

    Hubbell Incorporated

    • 05-2020: Columbia Lighting has announced two wrap luminaires to the marketplace, the CRW Round Wrap and the CNW Narrow Wrap. Both are involved in Hubbell Lighting’s tradeSELECT collection of products, which are value focused solutions with stock availability and made with reliable, fully skilled components.
    • 06-2020: Hubbell Outdoor Lighting has added five new products to the tradeSELECT category, which are value engrossed solutions with immediate stock availability that are made with reliable, fully qualified components.

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    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders
    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis
    3. Executive Summary
    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis
    5. Smart Lighting Market, By Application
        5.1 Introduction
        5.2 Outdoor
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Indoor
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
    6. Smart Lighting Market, By Communication Technology
        6.1 Introduction
        6.2 Wireless
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Wired
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
    7. Smart Lighting Market, By Light Source
        7.1 Introduction
        7.2 Fluorescent Lamp
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Light Emitting Diode
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
    8. Smart Lighting Market, By Product Type
        8.1 Introduction
        8.2 Fixtures
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Control Systems
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Smart Bulbs
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast
    9. Smart Lighting Market, By Geography
        9.1 Introduction
        9.2 North America
            9.2.1 North America Smart Lighting, By Application
            9.2.2 North America Smart Lighting, By Communication Technology
            9.2.3 North America Smart Lighting, By Light Source
            9.2.4 North America Smart Lighting, By Product Type
        9.3 Europe
            9.3.1 Europe Smart Lighting, By Application
            9.3.2 Europe Smart Lighting, By Communication Technology
            9.3.3 Europe Smart Lighting, By Light Source
            9.3.4 Europe Smart Lighting, By Product Type
        9.4 Asia-Pacific
            9.4.1 Asia-Pacific Smart Lighting, By Application
            9.4.2 Asia-Pacific Smart Lighting, By Communication Technology
            9.4.3 Asia-Pacific Smart Lighting, By Light Source
            9.4.4 Asia-Pacific Smart Lighting, By Product Type
        9.5 Rest of the World
            9.5.1 Rest of the World Smart Lighting, By Application
            9.5.2 Rest of the World Smart Lighting, By Communication Technology
            9.5.3 Rest of the World Smart Lighting, By Light Source
            9.5.4 Rest of the World Smart Lighting, By Product Type
    10. Competitive Insights
        10.1 Key Insights
        10.2 Company Market Share Analysis
        10.3 Strategic Outlook
            10.3.1 Mergers & Acquisitions
            10.3.2 New Product Development
            10.3.3 Portfolio/Production Capacity Expansions
            10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            10.3.5 Others
    11. Company Profiles
        11.1 Leviton Manufacturing Company, Inc.
            11.1.1 Company Overview
            11.1.2 Product/Service Landscape
            11.1.3 Financial Overview
            11.1.4 Recent Developments
        11.2 Lutron Electronics Co., Inc.
            11.2.1 Company Overview
            11.2.2 Product/Service Landscape
            11.2.3 Financial Overview
            11.2.4 Recent Developments
        11.3 Honeywell International Inc.
            11.3.1 Company Overview
            11.3.2 Product/Service Landscape
            11.3.3 Financial Overview
            11.3.4 Recent Developments
        11.4 Hubbell Incorporated
            11.4.1 Company Overview
            11.4.2 Product/Service Landscape
            11.4.3 Financial Overview
            11.4.4 Recent Developments
        11.5 Zumtobel Group AG
            11.5.1 Company Overview
            11.5.2 Product/Service Landscape
            11.5.3 Financial Overview
            11.5.4 Recent Developments
        11.6 Signify N.V.
            11.6.1 Company Overview
            11.6.2 Product/Service Landscape
            11.6.3 Financial Overview
            11.6.4 Recent Developments
        11.7 Legrand S.A.
            11.7.1 Company Overview
            11.7.2 Product/Service Landscape
            11.7.3 Financial Overview
            11.7.4 Recent Developments
        11.8 Acuity Brands, Inc.
            11.8.1 Company Overview
            11.8.2 Product/Service Landscape
            11.8.3 Financial Overview
            11.8.4 Recent Developments
        11.9 Eaton Corporation PLC
            11.9.1 Company Overview
            11.9.2 Product/Service Landscape
            11.9.3 Financial Overview
            11.9.4 Recent Developments
        11.10 General Electric Company
            11.10.1 Company Overview
            11.10.2 Product/Service Landscape
            11.10.3 Financial Overview
            11.10.4 Recent Developments
                10.11 OSRAM Licht AG
                           11.11.1 Company Overview
            11.11.2 Product/Service Landscape
            11.11.3 Financial Overview
            11.11.4 Recent Developments

    The Smart Lighting Market has been segmented as below:

    Smart Lighting Market, By Application

    • Outdoor
    • Indoor

    Smart Lighting Market, By Communication Technology

    • Wireless
    • Wired

    Smart Lighting Market, By Light Source

    • Fluorescent Lamp
    • Light Emitting Diode

    Smart Lighting Market, By Product Type

    • Fixtures
    • Control Systems
    • Smart Bulbs

    Smart Lighting Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Lighting Market, By Company

    • Leviton Manufacturing Company, Inc.
    • Lutron Electronics Co., Inc.
    • Honeywell International Inc.
    • Hubbell Incorporated
    • Zumtobel Group AG
    • Signify N.V.
    • Legrand S.A.
    • Acuity Brands, Inc.
    • Eaton Corporation PLC
    • General Electric Company
    • OSRAM Licht AG

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    The segment included in Smart Lighting market is Application, Communication Technology, Light Source, Product Type, Company and region.(2022-2027)
    Some key players operating in the Smart Lighting market include Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc., Honeywell International Inc., Hubbell Incorporated, Zumtobel Group AG, Signify N.V., Legrand S.A., Acuity Brands, Inc., Eaton Corporation PLC
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