The North America smart lighting market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2023-2028.
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.
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 at the regional and country level from 2023-2028. Our report has categorized the market based on offering, communication technology, installation type, light source and application.
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
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
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
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)
Key Questions Answered in This Report
The North America smart lighting market was valued at US$ 5.1 Billion in 2022.
We expect the North America smart lighting market to exhibit a CAGR of 17.8% during 2023-2028.
The growing demand for energy-efficient lighting solutions, which enable automated control for
smooth operations and reduce power consumption, is currently driving the North America smart
lighting market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of smart lights and associated components.
Based on the offering, the North America smart lighting market can be segregated into hardware,
software, and services. Among these, hardware currently accounts for the largest market share.
Based on the communication technology, the North America smart lighting market has been divided
into wired technology and wireless technology. Currently, wired technology exhibits a clear
dominance in the market.
Based on the installation type, the North America smart lighting market can be categorized into new
installation and retrofit installation, where new installation currently holds the majority of the total
market share.
Based on the light source, the North America smart lighting market has been segmented into LED
lamps, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps, and others.
Currently, LED lamps represent the largest market share.
Based on the application, the North America smart lighting market can be bifurcated into
commercial, residential, public infrastructure, and others. Among these, the commercial sector
accounts for the majority of the total market share.
On a regional level, the market has been classified into United States, Canada, and Mexico, where
United States currently dominates the North America smart lighting market.
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