Smart Lighting Market Research Report

 

The GMI Research forecasts that the smart lighting market is witnessing an upsurge in demand over the forecast period starting from 2020 till 2027. This is mainly due to the outbreak of integrated lighting systems and the rising smart city projects in developing countries globally.

Introduction of the Smart Lighting Market:

Smart lighting is known as the advanced lighting technology, particularly designed to provide an energy-efficient way to support the lighting systems of homes and buildings, It basically involves high-efficiency fixtures and automated controls that adjust the lighting system based on various conditions such as daylight availability. The smart lighting system uses smart LED light bulbs that are connected to the Internet of Things (IoT), collects usage data, and enables lighting to be completely automated or controlled remotely through tablets, smartphones, or smart assistance such as Amazon Alexa.

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Smart Lighting Market Dynamics

The outbreak of integrated lighting systems and the rising smart city projects in developing countries globally are some major factors surging the demand of the global smart lighting market. Several governments are mainly emphasizing on developing sustainable smart cities that use information and communication technologies (ICTs) and other means to enhance quality of life, the efficiency of urban operation and services while meeting the requirements of present and future generations in relation to economic, social and environmental aspects. For example, Dubai’s government has introduced the “Dubai Plan 2021” that focuses on transforming the city into a leading smart city.

The increasing awareness related to the benefits of LEDs, coupled with the reducing price of LEDs will support the growth of the smart lighting market during the forecast period. The LED lights provide various advantages such as it has a longer lifespan, is energy-efficient, and works in extreme temperatures. With the integration of lighting systems with smartphones and the development of the various smart home systems such as Google Assistant, Amazon Alexa, and Samsung SmartThings Hub, will attract many customers towards smart lighting systems worldwide.

The emergence of the coronavirus crisis is negatively impacting the global smart lighting market across the globe. The strict lockdown has adversely affected the raw material supplies of electronic components owing to the temporary shutdown of manufacturing plants in China. The continuous disruption in the supply chain is decreasing the demand for the smart lighting systems. However, the market is projected to bounce back in 2021 while rising at a significant rate from 2022 onwards.

Key Players of the Global Smart Lighting Market:

·        Signify Holding

·        Legrand

·        Acuity Brands Lighting, Inc.

·        Eaton Corporation

·        General Electric Company

·        OSRAM GmbH.

·        Leviton Manufacturing Co.

·        Lutron Electronics

·        Zumtobel Group AG

·        Honeywell International Inc.

·        Hubbell

Smart Lighting Market Segmentation:

Global Smart Lighting Market Report Segment by Installation Type:

·        New Installations

·        Retrofit Installations

Global Smart Lighting Market Report Segment by Offering:

·        Hardware

o    Lights & Luminaries

§   Smart Bulbs

§   Fixtures

o    Lighting Controls

§   LED Drivers & Ballasts

§   Sensors

§   Switches

·         Manual On/Off Switches

·         Electronic Switches

§   Dimmers

·         Wired Dimmers

·         Wireless Dimmers

§   Relay Units

§  Gateways

·        Software

o    Local/Web-Based Software

o   Cloud-Based Software

·        Services

o    Pre-installation Services

o    Post-installation Services

Global Smart Lighting Market Report Segment by End-Use Application:

·        Indoor

o    Residential

o    Commercial

§   Retail

§   Hospitality

§   Office Lighting

o    Industrial

o    Others

·        Outdoor

o    Highways & Roadways Lighting

o    Architectural Lighting

o    Lighting for Public Places

Global Smart Lighting Market Report Segment by Communication Technology:

·        Wired Technology

o    DALI

o    Power Over Ethernet (PoE)

o    Wired Hybrid Protocols

·        Wireless

o    ZigBEE

o    Wi-Fi

o    BLE

o    EnOcean

o      6LoWPAN

o    Wireless Hybrid Protocols 

Global Smart Lighting Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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