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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.
Note: Values and trends in the above chart consists of dummy data and are 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.
|Base Year of the Analysis||2020|
|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)|
The North America smart lighting market was valued at US$ 4,296.50 Million in 2021.
We expect the North America smart lighting market to exhibit a CAGR of 19.18% during 2022-2027.
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
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
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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