Top Smart Lighting Companies in the World

Smart lighting refers to a technology that allows the users to change the intensity of light based on their occupancy or daylight availability. It collects data to enhance security, optimize space and automate ambient control, thereby helping to reduce energy and maintenance costs and maximize the efficiency in the use of resources. According to IMARC Group, the global smart lighting market reached a value US$ 16.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 72.6 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032. The global smart lighting industry is concentrated in nature with a handful of leading key players operating in the market. Profiles of some of the companies have been provided below:

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List of Top Companies Operating in the Smart Lighting Industry:

Hafele Group

Häfele GmbH & Co KG is an international enterprise with 37 subsidiaries and more than 7000 employees worldwide. It manufactures and sells hardware, fitting, and electronic locking systems. It also provides architectural products that comprise commercial door handles and locks, door accessories, door hinges, access control products, glass door fittings, and bathroom hardware that serves residential, healthcare, hospitality, retail, and architectural sectors. Apart from architectural products, the company offers furniture/cabinetry hardware products such as decorative hardware, lighting products, home and closet organization products, kitchen and office organization products, tables, legs, casters, sliding and roller shutter systems, drawer slides, hinges and stays, locks, connectors and shelf supports, tools, and shop supplies.

Lutron Electronics

Lutron Electronics Co., Inc. is a technology-centered and people-driven company that manufactures and sells lighting control devices and systems for residential and commercial markets. Subarashii Kudamono and Ivalo are the subsidiaries and AMX, Control4, Elan, Philips, Media Décor, NetStreams, and Bang & Olufsen are the industry partners of Lutron Electronics. The company offers numerous products like standalone controls, single room controls, whole-home, and building systems, shading systems, fluorescent ballasts, light-emitting diode drivers, fixtures solutions, LED recessed lighting products, and sensors.

Wipro Consumer Care and Lighting

Wipro Consumer Care & Lighting Ltd. is one of the fastest-growing FMCG companies. It was founded in 1945 and is based in Bengaluru, India. It operates as a subsidiary of Wipro Enterprises Limited and has a presence in 19 countries predominantly in the Indian Sub-Continent, ASEAN & MENA regions. The company has a diverse portfolio of products including soaps; fragrances; talcum powders; face wash, hand wash, skin care, and wellness products; deodorants; hand and body lotions; liquid detergents; confectionery products; glucose powders; electrical wire devices; domestic and commercial lighting products; and modular office furniture; LED lighting products; and fabric conditioners. Wipro Consumer Care & Lighting Ltd. has state-of-the-art Research & Development and Innovation Centers in India and Malaysia with 15 manufacturing units in China, India, Indonesia, Malaysia, and Vietnam. With a talent base of over 10,000+ people from 15 different nationalities, it sells products through retail stores in South-East Asia and the Middle East.

Streetlight Vision

Streetlight.Vision SARL is a software and consulting company that was incorporated in 2006 and is based in Paris, France. It has a strategic partnership with Telensa and operates as a subsidiary of Silver Spring Networks, Inc. which was acquired by Itron in May 2014. The company has designed a central management software that controls, monitors, commands, and configures networks of streetlights, as well as various other devices connected to the streetlight electrical grid through several powerline or radio-frequency technologies. This software for streetlight and street applications is installed in various small to large cities. These cities include China, Taiwan, England, Ireland, Scotland, Norway, Portugal, Spain, France, the Netherlands, Belgium, Germany, Greece, New Zealand, Australia, the Middle East, Mexico, Canada, and the United States.

Virtual Extension

Virtual Extension is a privately-owned company, founded in 2000. The company is the developer of VEmesh wireless mesh technology which can address a practically unlimited number of luminaires and input devices per network. The company focuses on high-performance solutions and wireless extension to DALI and IoT interoperability for lighting control in the outdoor, professional, and industrial markets. It offers unmatched throughput of bi-directional communication for the most robust, resilient, and ultimately cost-effective lighting control solutions.

Syska LED

Syska LED Lights Private Limited was incorporated in 2012 and is based in Pune, India. It currently holds over 40 patents for lighting solutions. Its principal objective is to focus on creating an efficient lighting solution to reduce energy costs for its customers and minimize environmental impact. The company manufactures and markets LED lighting solutions for varied applications ranging from residential and retail to commercial and industrial. It offers a wide variety of international quality LED lighting solutions for home and office lighting products, including bulbs, ceiling lights, spotlights, tube lights, emergency lights, electrical accessories; and rainbow LED bulbs. Also, the company provides industrial products, such as flood/beam and HI-Bay indoor/outdoor lights that are used at workshops, industrial sheds, and factories; and outdoor products like streetlights.
 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the smart lighting industry and regional GCC, North America, Saudi Arabia, UAE,  which has enabled clients to set up and expand their businesses successfully.

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