Smart Lighting Market By Offering (Hardware, Software, and Services) By Installation Type (New Installations, and Retrofit Installations), By End Use Application (Indoor, and Outdoor) By Communication Technology (Wired, and Wireless) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Smart Lighting Market Overview

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.

Market Size

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 Impact Analysis

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.

Market Dynamics

•    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

Segmentation Insights

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)

Key Players

• Signify (Philips Lighting) (Netherlands),
• Legrand S.A. (France),
• Acuity Brands, Inc. (US),
• Lutron Electronics (US),
• Leviton Manufacturing Company, Inc. (US),
• Strobel Group (Austria),
• Honeywell International Inc. (US),
• Hubbell Incorporated (US),
• GE Current (US),
• Deadlight PLC (UK),
• Halvor (Finland),
• Ideal Industries, Inc. (Cree Lighting) (US),
• Ades to Technologies (Echelon Corporation) (US),
• Panasonic (Japan),
• Lightsaber PLC (UK),
• RAB Lighting (US),
• Synapse Wireless (US),
• Sisak LED (India),
• Wipro Enterprise Ltd (India),
• LG Electronics (South Korea),
• ABB (Switzerland),
• Savant Systems Inc. (GE Lighting) (US),
• Enlighted Inc (a Siemens company) (US).

Regional Insights

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.

Table

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
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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