Enquiry before buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Smart Lighting Market
Global Smart Lighting Market to Grow at 21.5% During 2022-2027, Impelled by Increasing Demand for Energy Efficient Lighting Systems
January 04, 2022
The latest report by IMARC Group titled, “Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027” finds that the global smart lighting market reached a value of US$ 11.2 Billion in 2021. Smart lighting is an innovative technology preferred over conventional lighting such as incandescent bulbs, halogens, and CFLs. It ensures energy efficiency and includes automated controls and highly efficient fixtures that enable the users to adjust the lighting, depending on occupancy and external lighting. In recent years, smart lighting solutions have gained prominence as they can be accessed through a smartphone application, enabling users to change the color and brightness of fixtures from anywhere around the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Smart Lighting Market Trends:
The market is primarily driven by the increasing demand for energy-efficient lighting systems that provide better illumination and consume less power. In addition, the development of smart cities has escalated the demand for smart lighting solutions across the globe. This can be attributed to the rapid urbanization, infrastructural development, and shifting consumer preferences toward modular and intelligent lighting solutions over high-energy consuming lights. Furthermore, smart lights have become affordable to the general population due to declining prices, representing another growth-inducing factor. Moreover, various technological advancements, including the emergence of lighting systems equipped with wireless and sensor technology are also contributing to the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of 21.5% during 2022-2027.
Market Summary:
- Based on the offering, the market has been classified into hardware (lights and luminaries, and lighting controls), software and services (design and engineering, installation, and post-installation).
- On the basis of communication technology, the market has been bifurcated into wired and wireless technology.
- Based on the installation type, the market has been segmented into new and retrofit installations.
- The market has been categorized on the basis of the light source into LED, fluorescent, compact fluorescent, high-intensity discharge, and other lamps.
- Based on the application, the market has been classified into commercial, residential, public infrastructure, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The report has also analyzed the competitive landscape of the market, with some of the key players being Philips Lighting, Acuity Brands Inc., Osram Licht AG, Cree LED, General Electric Company, Eaton Corporation PLC, Honeywell International Inc, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight Vision, Virtual Extension, and Syska LED.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Select Licence Type
Benefits of Customization
Personalize This Research
Triangulate with your Data
Get Data as per your Format and Definition
Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor
Any level of Personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
