Canada Smart Lighting Market

Canada Smart Lighting Market Overview: 

The Canada smart lighting market is projected to exhibit a growth rate (CAGR) of 16.70% during 2024-2032. The market is experiencing significant growth driven by favorable government initiatives promoting energy efficiency and smart city initiatives, increasing adoption of the Internet of Things (IoT) in lighting solutions, and ongoing technological advancements in sensors and controls enhancing smart lighting capabilities.

Canada Smart Lighting Market Trends:

Government Initiatives Promoting Energy Efficiency

Government initiatives in Canada, such as the Energy Efficiency Regulations and programs such as the Smart Cities Challenge, drive the adoption of smart lighting solutions. According to Natural Resources Canada, buildings consume about 17% of Canada's energy, and energy-efficient technologies such as smart lighting can significantly reduce this consumption. These regulations require energy efficiency standards and are topical for industries and municipalities promoting smart lighting services and products that adhere to the laid down sustainability goals. These initiatives provide the right context for the implementation of smart lighting, with a goal of energy usage per capita of 30% by 2030 – in line with the goals of reducing greenhouse gas emissions in Canada. These initiatives include financial incentives and funding programmes to get commercial and municipal organizations to adopt smart lighting solutions to speed up that change and promote energy-efficient and sustainable lighting products.

Increasing Adoption of the Internet of Things (IoT)

The integration of Internet of Things (IoT) technologies in Canada's lighting infrastructure is accelerating. For instance, the Canadian Internet Registration Authority reports that IoT adoption in Canada has grown by 8% annually, with smart lighting being a prominent application. Smart lighting systems that integrate with IoT are useful in device control, real-time monitoring, and automatic energy management. This adoption is supported by several smart city initiatives taking place across Canadian municipalities where connected lighting solutions play a significant role in improving the efficiency of cities by creating safe, sustainable, and intelligent cities with an enhanced quality of life for the citizens. It is forecasted that this trend will continue to grow further with continued investments in IoT infrastructure and of the tech solutions providers and municipal governments toward holistic smart city development across Canada.

Demand for Energy-Efficient Solutions

There is a growing demand for energy-efficient lighting solutions in Canada driven by rising energy costs and environmental awareness. As reported by Statistique Canada, residential and commercial sectors collectively spend over $30 billion annually on energy consumption, highlighting the financial incentive for energy savings through smart lighting. Currently, more and more business entities and building residents aspire to install advanced lighting systems with efficient energy usage and low costs in the long term and reduced negative impact on the environment. This demand is supplemented with provincial and federal initiatives advocating for retrofit solutions, which ensure the expansion of smart lighting across the vast variety of cities and rural areas that make up the Canadian provinces. Also, the growing focus of consumers toward a sustainable lifestyle and the principles of corporate social responsibility are boosting the use of energy-efficient smart lighting solutions in Canada’s manifold market.

Canada Smart Lighting Market News:

• In March 2023, Toronto-based Nanoleaf introduced new smart lights compatible with matter, enhancing interoperability and connectivity across smart home devices.
• In February 2024, EX International Inc. Canada, announced the advent of the Canada Light Expo 2024, “Canada’s Premier Expo on Smart Lighting & LED Solutions “all set for a grand showcase from November 13-15, 2024, at the International Centre in Toronto, Canada.
   

Canada Smart Lighting Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on offering, communication technology, installation type, light source, and application.

Offering Insights:

• Hardware
  • Lights and Luminaires
  • Lighting Controls
• Software
• Services
  • Design and Engineering
  • Installation
  • Post-Installation
     

The report has provided a detailed breakup and analysis of the market based on the offering. This includes hardware (lights and luminaires and lighting controls), software, and services (design and engineering, installation, and post-installation).

Communication Technology Insights:

• Wired
• Wireless
   

A detailed breakup and analysis of the market based on the communication technology have also been provided in the report. This includes wired and wireless.

Installation Type Insights:

• New Installation
• Retrofit Installation
   

The report has provided a detailed breakup and analysis of the market based on the installation type. This includes new installation and retrofit installation.

Light Source Insights:

• LED Lamps
• Fluorescent Lamps
• Compact Fluorescent Lamps
• High Intensity Discharge Lamps
• Others
   

A detailed breakup and analysis of the market based on the light source have also been provided in the report. This includes LED lamps, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps, and others.

Application Insights:

• Commercial
• Residential
• Public Infrastructure
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial, residential, public infrastructure, and others.

Regional Insights:

• Ontario 
• Quebec 
• Alberta 
• British Columbia 
• Others 
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Smart Lighting Market Report Coverage:

Key Questions Answered in This Report:

• How has the Canada smart lighting market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Canada smart lighting market?
• What is the breakup of the Canada smart lighting market on the basis of offering?
• What is the breakup of the Canada smart lighting market on the basis of communication technology?
• What is the breakup of the Canada smart lighting market on the basis of installation type?
• What is the breakup of the Canada smart lighting market on the basis of light source?
• What is the breakup of the Canada smart lighting market on the basis of application?
• What are the various stages in the value chain of the Canada smart lighting market? 
• What are the key driving factors and challenges in the Canada smart lighting?
• What is the structure of the Canada smart lighting market and who are the key players?
• What is the degree of competition in the Canada smart lighting market?  

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada smart lighting market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada smart lighting market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada smart lighting industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.