Report Code : BII 953 Jan-2022 Information & Technology Format : PDF Pages : 218
Smart lighting is a technology that combines energy-saving devices and automated controls to maximize the use of light resources. This enables the customer to change the overall illumination depending on the number of people present or the amount of sunlight available. Smart lighting devices typically have a multifunction keypad and touch screen board and are used in commercial, modern, and private settings. The lights can also be controlled using a phone app.
Customers can also adjust the variety and brilliance of installations from anywhere on the planet using smart lighting frameworks. Because many public lights utilize concentrated energy bulbs that require mercury and other materials to work, smart lighting is a key tool in smart city improvement.
According to Business Intelligence Insights “Smart Lighting Market" is expected to grow from USD 10,284.10 million in 2021 to USD 44515.40 million by 2030, at a CAGR of 20.10% during the forecast period 2022-2030
COVID 19 is a pandemic that remains to have an impact on people's lives. It caused havoc on the health-care system as well as the financial system. Nobody should try to move forward in a confined downturn. With the global downturn, it is becoming increasingly difficult for businesses to develop their sales and production. The smart lighting market is expected to recoup its losses in the first quarter of next year. The smart lighting business is aiming to understand what is going on and to go to great measures to ensure cost-effectiveness and develop public interest in the product. The smart lighting sector is working hard to have a better understanding of their customers and market.
• Drivers
o Increased use of image sensors in Biometric Applications
o Rising demand for camera enabled mobile phones
o Improved acceptance of standard protocols for lighting control systems
• Restraints
o Consumption in CCD image sensors
By Communication Technology:
In communication technology category the wireless dominated the market with more than 45 % of the market share
Wireless connectivity in a smart lighting system is quite popular among customers who require interaction within a short distance, making it the most popular developing area during the forecast period. Wi-Fi, Bluetooth, SmartThings, Z-Wave, or ZigBee wireless connectivity connects lighting establishments with cell applications to control the light's functions. Wireless improvement has been widely adopted in the private sector to manage luminaire shades and selection for attractive purposes within closed areas.
By Offering:
In offering category, the share of Software in the market is more than 38%
The software segment is predicted to see the most significant increase. The growing acceptance of brilliant illumination for information-driven causes in rural areas is fueling interest in Smart Lighting. Each brand also requires the software to support the control of lighting via cell phones or tablets. The programmed also allow in the integration of smart lighting with smart platforms like as Alexa, Crotona, and Siri for voice control. The widespread availability of creating the surrounding environment and helping with information collection in smart cities is expected to boost portion development over the figure time frame.
By Offering:
• Hardware
• Software
• Services
By Installation Type:
• New Installations
• Retrofit Installations
By End Use Application:
• Indoor
• Outdoor
By Communication Technology:
• Wired
• Wireless
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa (MEA)
World map title will be here...
UAE dominated the market with more than 49% of the market share
The UAE has likewise introduced smart lighting frameworks in huge stretches of city roads and has overhauled lighting gear in malls, retail foundations, and other business projects. The county's smart lighting market is expected to be driven by continuous advancements in commercial and current activities in Middle Eastern countries. The Hamdan Bin Mohammed Smart University (HMBSU) in Dubai recently used Signify (Philips) linked lighting innovation to create a very fascinating, adaptable, and vibrant educational environment.
Report Attributes |
Details |
---|---|
Market Size Value in 2021 | USD 10,284.10 million |
Market Size Value in 2030 | USD 44515.40 million |
Growth Rate | +20.10% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2018-2020 |
Forecast Units | USD million |
Countries Covered | North America: U.S., Canada, Europe: Germany, U.K., France, Italy, Spain, Rest of Europe, Asia Pacific: China, India, Japan, Rest of Asia Pacific, Latin America: Brazil, Mexico, Rest of Latin America, Middle East and Africa: UAE, South Africa, Rest of Middle East and Africa (MEA) |
Segments Covered | By Offering, By Installation Type, By End Use Application, By Communication Technology, By Region |
Competitive landscape | Leading companies, Competitive strategies and Consumer engagement scope |
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