Smart Lighting Market Research Report
Global Smart Lighting Market Size by Installation
The GMI Research anticipates that the Smart Lighting Market will experience an intensification in demand over the forecast period. This is because of the emergence of wireless technologies, ongoing establishment in electronic and sensor technology, and the potential to raise visibility on roads.
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Introduction of the Smart Lighting Market
Smart lighting refers to sophisticated lighting technology primarily intended to offer a power-saving way to control the lighting systems of homes and buildings. It primarily includes enhancing efficiency fixtures and mechanized controls, which adapt the lighting system depending on several conditions such as daylight accessibility. These systems help reducing energy consumption, conserve money, and enhance safety levels while allowing generating a complete smart home.
Key Players of Market:
- Legrand
- Signify Holding
- Acuity Brands Lighting, Inc.
- Hubbell Incorporated
- General Electric Company
- Eaton Corporation
- OSRAM GmbH.
- Lutron Electronics
- Leviton Manufacturing Co.
- Zumtobel Group AG
- Honeywell International Inc.
Smart Lighting Market Dynamics
The growing evolution of incorporated lighting systems and the aggravating smart city projects across emerging nations throughout the globe has amplified the growth of the global smart lighting market. In addition, governments across enormous nations are increasingly emphasizing initiating viable smart cities using information and communication technologies (ICTs) to enhance the effectiveness of urban function and services, life quality to cater to the needs of existing and upcoming generations compared to social, environmental, and economic features. For example, the government of Dubai introduced the "Dubai Plan 2021," emphasizing to modify the city into a foremost smart city.
Besides this, the increasing consciousness concerned with features of LEDs and their reducing prices will positively impact the market growth. This is because LED lights proffer enormous advantages such as power saving, enlarged lifespan, and working in acute temperatures. Also, the incorporation of lighting systems with smartphones, as well as the establishment of enormous smart home systems like Google Assistant, Amazon Alexa, and Samsung SmartThings Hub, will pave the way for Smart Lighting Market Size.
Nevertheless, the sudden spread of the coronavirus crisis has negatively influenced the market growth. The stringent lockdown imposed across the nations influenced the raw material supply of electronic components because of the shutdown of production plants in China. The swift disturbance in the supply chain resulted in a sharp fall in demand for smart lighting systems. Nevertheless, the market is predicted to rebound in 2021 while expanding at a significant rate from 2022 onwards.
Offering Segment Drivers
Based on offering, the market is subdivided into Software, Hardware, and Services. Amongst which, the hardware is contemplated to witness a higher rate during the forecast period. This is due to the ongoing product invention in the lighting controls, which include lamps and luminaries. Furthermore, the incorporation of lighting control products with lights & luminaries allowed the enclosure of software on microcontrollers, thereby offering a competitive advantage to the system. These systems proffer sensors controlling privilege is further driving the Global Smart Lighting Market Size.
Smart Lighting Market Segmentation:
Segmentation by Installation Type
- New Installation
- Retrofit Installation
Segmentation by Offering
- Hardware
- Lights & Luminaries
- Smart Bulbs
- Fixtures
- Lighting Controls
- LED Drivers & Ballasts
- Sensors
- Switches
- Manual On/Off Switches
- Electronic Switches
- Dimmers
- Wired Dimmers
- Wireless Dimmers
- Relay Units
- Gateways
- Software
- Local/Web-Based Software
- Cloud-Based Software
- Services
- Pre-installation Services
- Post-installation Services
- Hardware
- Lights & Luminaires
- Lighting Controls
Segmentation by End-Use Application
- Indoor
- Residential
- Commercial
- Retail
- Hospitality
- Office Lighting
- Industrial
- Others
- Outdoor
- Highways & Roadways Lighting
- Architectural Lighting
- Lighting for Public Places
Segmentation by Communication Technology
- Wired Technology
- DALI
- Power Over Ethernet (PoE)
- Wired Hybrid Protocols
- Wireless
- ZigBEE
- Wi-Fi
- BLE
- EnOcean
- 6LoWPAN
- Wireless Hybrid Protocols
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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