North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Report Format: PDF+Excel | Report ID: SR112023A1709
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Market Overview:

The North America smart lighting market reached a value of US$ 3,766 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 17.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes. 

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America smart lighting market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on offering, communication technology, installation type, light source and application.

  • North America Smart Lighting Market
     
  • Key Regions Analysed
    • United States
    • Canada
    • Mexico
       
  • Analysis for Each Country
     
  • Market by Offering
    • Hardware
      • Lights and Luminaires
      • Lighting Controls
    • Software
    • Services
      • Design and Engineering
      • Installation
      • Post-Installation
         
  • Market by Communication Technology
    • Wired Technology
    • Wireless Technology
       
  • Market by Installation Type
    • New Installation
    • Retrofit Installation
       
  • Market by Light Source
    • LED Lamps
    • Fluorescent Lamps
    • Compact Fluorescent Lamps
    • High Intensity Discharge Lamps
    • Others
       
  • Market by Application
    • Commercial
    • Residential
    • Public Infrastructure
    • Others
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Offering, Communication Technology, Installation Type, Light Source, Application, Country
Countries Covered United States, Canada, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option

Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
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