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Press Release:

Global Smart Lighting Market to Grow at 21.5% During 2022-2027, Impelled by Increasing Demand for Energy Efficient Lighting Systems

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Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027

Market Overview:

The global smart lighting market reached a value of US$ 11.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.5 Billion by 2027, exhibiting at a CAGR of 21.5% during 2022-2027. 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 a technology designed for efficient use of light resources with power saving fixtures and automated controls. This enables the user to adjust ambient lighting depending upon the occupancy or daylight availability. Smart-lighting products have applications in commercial, industrial and residential sectors and usually consists of a wall keypad and touchscreen panel. The lightings are also accessible through a smartphone application, making them easily controllable. Additionally, smart lighting systems enable users to change the colour and brightness of fixtures from anywhere around the globe. Smart lighting are an essential tool in smart-city development, since globally a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment.

The growth of the global smart-lighting market is primarily driven by the high demand of energy efficient lighting systems that provide better illumination while consuming less power. Additionally, factors such as modernization and development of infrastructure has facilitated the transformation of cities into smart-cities that has supported the growth of the smart lighting market. Individuals living in urban sectors prefer to invest in modular and intelligent lighting solutions instead of buying high-energy consuming lights. Moreover, the growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market. Global plans for pooling lighting network with low power consuming sensors and lowering costs of previously expensive LEDs has also led to the market growth. Moreover, as a result of declining prices, smart-lights have also become affordable to the general population.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart lighting market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on offering, communication technology, lnstallation type, light source and application.

Breakup by Offering:

  • Hardware
    • Lights and Luminaires
    • Lighting Controls
  • Software
  • Services
    • Design and Engineering
    • Installation
    • Post-Installation
       

Breakup by Communication Technology:

  • Wired Technology 
  • Wireless Technology 
     

Breakup by Installation Type:

  • New Installation  
  • Retrofit Installation 
     

Breakup by Light Source:

  • LED Lamps
  • Fluorescent Lamps
  • Compact Fluorescent Lamps
  • High Intensity Discharge Lamps
  • Others
     

Breakup by Application:

  • Commercial
  • Residential
  • Public Infrastructure
  • Others
     

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension, Syska LED, etc.

IMARC Group’s latest report provides a deep insight into the global smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart lighting market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Offering, Communication Technology, Installation Type, Light Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension and Syska LED
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Lighting Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19 
    5.4    Market Breakup by Offering 
    5.5    Market Breakup by Communication Technology 
    5.6    Market Breakup by Installation Type 
    5.7    Market Breakup by Light Source 
    5.8    Market Breakup by Application 
    5.9    Market Breakup by Region 
    5.10    Market Forecast
6    Market Breakup by Offering
    6.1    Hardware 
        6.1.1    Market Trends
        6.1.2    Market Breakup by Type
            6.1.2.1   Lights and Luminaires
                6.1.2.1.1  Market Trends
                6.1.2.1.2  Market Forecast
            6.1.2.2    Lighting Controls
                6.1.2.2.1  Market Trends
                6.1.2.2.2  Market Forecast
        6.1.3    Market Forecast
    6.2    Software  
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Services 
        6.3.1    Market Trends
        6.3.2    Market Breakup by Type
            6.3.2.1    Design and Engineering
                6.3.2.1.1  Market Trends
                6.3.2.1.2  Market Forecast
            6.3.2.2    Installation
                6.3.2.2.1  Market Trends
                6.3.2.2.2  Market Forecast
            6.3.2.3    Post-Installation
                6.3.2.3.1  Market Trends
                6.3.2.3.2  Market Forecast
        6.3.3    Market Forecast
7    Market Breakup by Communication Technology 
    7.1    Wired Technology 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Wireless Technology 
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Installation Type
    8.1    New Installation 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Retrofit Installation  
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Light Source
    9.1    LED Lamps 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Fluorescent Lamps  
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Compact Fluorescent Lamps 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    High Intensity Discharge Lamps 
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Others 
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    Market Breakup by Application
    10.1    Commercial 
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Residential 
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Public Infrastructure 
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others  
        10.4.1    Market Trends
        10.4.2    Market Forecast
11    Market Breakup by Region 
    11.1    Europe 
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    North America 
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific 
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis 
    12.1    Overview 
    12.2    Strengths
    12.3    Weaknesses 
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis 
    13.1     Overview 
    13.2     Research and Product Development 
    13.3     Raw Material/Component Providers
    13.4     Original Equipment Manufacturers (OEMS) 
    13.5     Key Technology Providers/System Integrators
    13.6     Threat of New Entrants
    13.7     End Users
14    Porters Five Forces Analysis 
    14.1     Overview 
    14.2     Bargaining Power of Buyers
    14.3     Bargaining Power of Suppliers 
    14.4     Degree of Competition
    14.5     Threat of New Entrants
    14.6     Threat of Substitutes
15    Global Smart lightning Industry: Price Analysis 
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Philips Lighting    
        16.3.2    Acuity Brands 
        16.3.3    Osram  
        16.3.4    Cree 
        16.3.5    General Electric Company 
        16.3.6    Eaton 
        16.3.7    Honeywell 
        16.3.8    Legrand 
        16.3.9    Hubbell Lighting 
        16.3.10      Zumtobel Group 
        16.3.11      Hafele Group 
        16.3.12      Lutron Electronics 
        16.3.13      Wipro Consumer Care and Lighting 
        16.3.14      Streetlight.Vision 
        16.3.15      Virtual Extension 
        16.3.16      Syska LED 

List of Figures

Figure 1: Global: Smart Lighting Market: Major Drivers and Challenges
Figure 2: Global: Smart Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Lighting Market: Breakup by Offering (in %), 2021
Figure 4: Global: Smart Lighting Market: Breakup by Communication Technology (in %), 2021
Figure 5: Global: Smart Lighting Market: Breakup by Installation Type (in %), 2021
Figure 6: Global: Smart Lighting Market: Breakup by Light Source (in %), 2021
Figure 7: Global: Smart Lighting Market: Breakup by Application (in %), 2021
Figure 8: Global: Smart Lighting Market: Breakup by Region (in %), 2021
Figure 9: Global: Smart Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Smart Lighting Industry: SWOT Analysis
Figure 11: Global: Smart Lighting Industry: Value Chain Analysis
Figure 12: Global: Smart Lighting Industry: Porter’s Five Forces Analysis
Figure 13: Global: Smart Lighting (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Lighting (Hardware) Market: Breakup by Type (in %), 2021
Figure 15: Global: Smart Lighting (Lights and Luminaires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Lighting (Lights and Luminaires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Lighting (Lighting Controls) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Lighting (Lighting Controls) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Lighting (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Lighting (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Lighting (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Smart Lighting (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Smart Lighting (Services) Market: Breakup by Type (in %), 2021
Figure 24: Global: Smart Lighting (Design and Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Smart Lighting (Design and Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Smart Lighting (Installation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Smart Lighting (Installation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Smart Lighting (Post-Installation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Smart Lighting (Post-Installation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Smart Lighting (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Smart Lighting (Wired Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Smart Lighting (Wired Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Smart Lighting (Wireless Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Smart Lighting (Wireless Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Smart Lighting (New Installation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Smart Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Smart Lighting (Retrofit Installation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Smart Lighting (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Smart Lighting (LED Lamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Smart Lighting (LED Lamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Smart Lighting (Fluorescent Lamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Smart Lighting (Fluorescent Lamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Smart Lighting (Compact Fluorescent Lamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Smart Lighting (Compact Fluorescent Lamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Smart Lighting (High Intensity Discharge Lamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Smart Lighting (High Intensity Discharge Lamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Smart Lighting (Other Lighting Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Smart Lighting (Other Lighting Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Global: Smart Lighting (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Global: Smart Lighting (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Global: Smart Lighting (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Global: Smart Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Global: Smart Lighting (Public Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Global: Smart Lighting (Public Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Global: Smart Lighting (Other Application) Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Global: Smart Lighting (Other Application) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: North America: Smart Lighting Market: Sales Value (In Million US$), 2016 & 2021
Figure 58: North America: Smart Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Smart Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Smart Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Asia Pacific: Smart Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Asia Pacific: Smart Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Middle East and Africa: Smart Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Middle East and Africa: Smart Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Smart Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Smart Lighting Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Smart Lighting Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Lighting Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 3: Global: Smart Lighting Market Forecast: Breakup by Communication Technology (in Million US$), 2022-2027
Table 4: Global: Smart Lighting Market Forecast: Breakup by Installation Type (in Million US$), 2022-2027
Table 5: Global: Smart Lighting Market Forecast: Breakup by Light Source (in Million US$), 2022-2027
Table 6: Global: Smart Lighting Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: Smart Lighting Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Smart Lighting Market Structure
Table 9: Global: Smart Lighting Market: Key Players

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Key Question Answered in this Report

The global smart lighting market was valued at US$ 11.2 Billion in 2021. 

   We expect the global smart lighting market to exhibit a CAGR of 21.5% during 2022-2027.

The growing adoption of energy-efficient smart lighting systems across the commercial, industrial, and residential sectors to reduce carbon footprints is currently catalyzing the global smart lighting market. 
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and disrupted supply chains for smart lighting components.
 

Based on the offering, the global smart lighting market can be segmented into hardware, software, and services. Among these, hardware currently holds the majority of the total market share.
 

Based on the communication technology, the global smart lighting market has been divided into wired technology and wireless technology, where wired technology currently exhibits a clear dominance in the market.
 

Based on the installation type, the global smart lighting market can be categorized into new installation and retrofit installation. Currently, new installation accounts for the largest market share.
 

Based on the light source, the global smart lighting market has been segmented into LED Lamps, fluorescent lamps, compact fluorescent lamps, high-intensity discharge lamps, and others. Among these, LED Lamps currently exhibit a clear dominance in the market.
 

Based on the application, the global smart lighting market can be categorized into commercial, residential, public infrastructure, and others. Currently, the commercial sector represents the majority of the global market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market. 
 

Some of the major players in the global smart lighting market include Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension, Syska LED, etc.

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