Smart Lighting Market Expected to Reach $44,515.40 million by 2030| Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-22  

     

As per Business Intelligence Insights (BII) study, the global Smart Lighting Market  attained revenue growth of USD 10,284.10 million in 2021 and it is projected to reach around USD 44,515.40 million by 2030, growing at a 20.10% CAGR.

The popularity of energy efficient lighting frameworks that provide better illumination while consuming less power is driving the global smart lighting market forward. Furthermore, factors such as modernization and progress of foundation have contributed to the transformation of urban communities into smart urban communities, which has aided the growth of the smart lighting industry. People in urban areas choose to invest in specific and intelligent lighting setups rather than buying high-energy-consuming lights.

Furthermore, the growing demand for lighting systems with remote and sensor technology has aided market growth. Furthermore, global plans for pooling lighting networks with low-power sensors and lowering the costs of already expensive LEDs have prompted.

In addition, the growing demand for lighting systems with remote and sensor technology has aided the market's growth. Furthermore, global designs for combining lighting networks with low power consuming sensors and lowering the costs of already expensive LEDs have fuelled industry growth. Furthermore, as costs have decreased, bright lights have become more affordable to everyone.

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Smart Lighting Market: Companies Mentioned

•  Signify (Philips Lighting) (Netherlands)
•  Legrand S.A. (France)
•  Acuity Brands, Inc. (US)
•  Lutron Electronics (US)
•  Leviton Manufacturing Company, Inc. (US)
•  Zumtobel Group (Austria)
•  Honeywell International Inc. (US) 
•  Hubbell Incorporated (US)
•  GE Current (US)
•  Dialight PLC (UK)
•  Helvar (Finland)
•  Ideal Industries, Inc. (Cree Lighting) (US)
•  Adesto Technologies (Echelon Corporation) (US)
•  Panasonic (Japan)
•  LightwaveRF PLC (UK) 
•  RAB Lighting (US)
•  Synapse Wireless (US)
•  Syska LED (India)
•  Wipro Enterprise Ltd (India)
•  LG Electronics (South Korea)

•  Savant Systems Inc. (GE Lighting) (US)•  ABB(Switzerland)
•  Enlighted Inc (a Siemens company) (US)

Key Highlights of the Report

 The use of smart lighting in company structures is being driven by developing reasonableness and improved efficiencies. Aside from that, the low maintenance and security features of smart lighting are driving the market in the corporate sector. For indoor end-use applications, Europe had the largest share of the smart lighting market. This strength can be attributed to rising consumer awareness of smart lighting and the market's adoption of energy-efficient products.

•  Wireless availability in a smart lighting environment is extremely popular among customers who require connections within a short distance, making it the fastest-growing market segment over the forecast period. Wi-Fi, Bluetooth, SmartThings, Z-Wave, and ZigBee are examples of wireless technologies that connect lighting systems to cell phones. The private area has significantly embraced Wireless innovation to control the luminaire shades and variety for tasteful purposes inside a bound space.

•  The Asia-Pacific region exhibited substantial growth in the smart lighting industry, and having the most significant growth over the upcomming years. Making and establishing smart foundations in the district, increasing production of smart lighting structures in the private and corporate sectors, and growing public authority projections on open framework are all contributing to the growth of the smart lighting market in the area. The Indian accommodation business is one of the country's fastest growing sectors. The smart lighting market is being driven by the Smart City Mission for 100 urban districts across the country. 

•  The report contains qualitative and quantitative research on Smart Lighting Market as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the markets’ main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

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)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Smart Lighting market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Smart Lighting Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Smart Lighting Market Forecast Report 2022- 2030 - Order Now!

About Us

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