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Global Optical Fiber Market € 3,076.07
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Global Smart Lighting Market

€ 3,076.07

Smart Lighting Market By Offerings (Hardware and Software) By Communication Technology (Bluetooth, Zigbee, Wi-Fi, PLC, DALI, and Others) By Lighting Type (LED, Fluorescent Lamp, Halogen, Incandescent Light Bulb, and Others) By Application (Residential, Commercial, Industrial, and Others) and By Geography: Global trends, opportunities and forecast – 2020 to 2027

Categories: Electronics and Semiconductor, Emerging Technologies
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Description

Category: Electronics and Semiconductor

Sub-Category: Emerging Technologies

The Global Smart Lighting Market was valued at $10,489.6 million in 2019 and is anticipated to grow at a CAGR of 22.8% from 2020 to 2027. Lighting plays an important role in improving the quality of life and productivity of the workforces. Many countries across the globe promote energy-efficient lighting solutions. This solution is accomplished through a combination of regulatory policies coupled with supportive financial policies. For instance, countries such as Argentina, Brazil, Ecuador, Ghana, Jordan, the Russian Federation, Senegal, and South Africa are working towards the development of energy-efficient lighting solutions. According to the data published by the United Nations Environment Programme, 48 developing and emerging countries have completed the energy-efficient lighting solution, with the support of U4E.

Smart Lighting

Source: EBI Analysis

Top Growth Impacting Factors

The factors that have led to the growth of the market include the growing development of integrated lighting solutions, evolving smart cities, growing demand for energy-efficient lighting solutions, an increase in demand for IoT based smart lighting, and among others.

Increasing government focus on smart cities initiatives

The smart cities’ initiative has provided an immense opportunity for the government sector to use the emerging technologies which will improve the livelihood, connectivity, and sustainability of the place. The smart lighting solutions is the major contributor in the smart cities infrastructure. Some of the major use-cases in smart cities infrastructure include street light and residential lighting. Through the evolution of smart cities, street lighting on the roads are being digitized to provide energy-efficient lighting solution. The primary purpose of the smart street lighting solution is to conserve the use of energy and reduce the wastage of lights by adjusting the intensity of the light with the help of various technologies used in it. The smart street lighting connected with the help of IoT can help to gather the data through a centralized data management platform. Hence, increasing smart cities initiative will surge the demand for the usage of smart lighting solutions leading to the smart lighting market growth during the forecast period.

 Benefits of Smart Lighting

Categories Benefits
Municipalities Light saving through adjusting the dimming of light
Reduction in power consumption through gathering the actual consumption data
Advanced lighting solution for future smart cities applications
Grid Operators or Private Institution The most efficient energy-efficient management solution, since it automatically records the live data and malfunction of a street light
Continues gathering of information such as actual power consumption

 

Growing demand for IoT based smart lighting

Smart lighting plays an important role in revealing the power of IoT and smart building applications. The market represents a bigger opportunity to build a connected and secure city lighting. The integration of lighting system with AI technology and IoT will improve the operational efficiency of the system through properties such as auto-dimming and continuous actual data collection on surrounding weather. The information collected can be utilized to provide a better understanding of the environment in residential sectors and automobiles. The increased benefits provided by IoT technology will increase the demand for the smart lighting market.

Key Insight in the report:

The Smart Lighting market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which include following data points:

  • Business Overview
  • Business Model
  • Financial Data
  • Financial – Existing
  • Financial – Funding
  • Product Segment Analysis and specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

The report covers market sizing and forecasting at the country level as well as at the segment level. The market is analyzed across below-mentioned different segments:

Offerings Communication Technology Lighting Type Application
Hardware Bluetooth LED Residential
Software Zigbee Fluorescent Lamp Commercial
Wi-Fi Halogen Industrial
PLC Incandescent Light Bulb Others
DALI Others
Others

 

Based on communication technology, the market is segmented based on Bluetooth, Zigbee, Wi-Fi, PLC, DALI, and Others. DALI has dominated the market in 2019 because it enables the integration of smart lighting systems into intelligent lighting and IoT based lighting. DALI and IoT technology offer a reliable and cost-effective protocol by developing a futuristic based lighting system.

Smart Lighting Market Share

Source: EBI Analysis

Based on Application, the market is segmented based on residential, commercial, industrial, and others. The commercial segmented has dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period.

The market is also analyzed across below-mentioned regions/countries

North America region has dominated the Smart Lighting market in 2019 due to continuous development in the technology for the design of smart lighting. Due to the advanced technology in the lighting market and low power connectivity technology, the self-life of smart lighting is very high due to which the North American market is currently witnessing the highest acceptance among the customers. Furthermore, in North America, the per capita income of the consumers is high which has resulted in the highest purchasing power. Due to the high purchasing power, consumers tend to invest in improved technologies resulting in market growth. Asia Pacific region is anticipated to grow at the highest CAGR from 2020 to 2027.

The some of the key players in of Smart Lighting market include:

  • Signify
  • Acuity Brands, Inc.
  • Eaton
  • General Electric
  • Cisco Systems, Inc.
  • Cree, Inc.
  • Deco Lighting, Inc.
  • Honeywell International Inc.
  • Syska
  • OSRAM

REPORT CONTENT BRIEF:

  • High level analysis of the current and future market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Historic market size for year 2019, and forecast from 2020 to 2027
  • Vendor market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

 

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    Press Release

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    Table of Content

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

                                   2.2.2.   Limitations

                         2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                                   4.1.1.   Raw Offerings Providers

                                   4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Retailers

                                   4.1.4.   End Users

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Communication Technology Overview

                         4.4.   Macro factor

                         4.5.   Micro Factor

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DROC Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

                                   5.2.4.   Challenges

                         5.3.   Patent Analysis

                         5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Smart Lighting Market, By Offerings

                         6.1.   Introduction

                         6.2.   Hardware

                         6.3.   Software

    Chapter 7.   Global Smart Lighting Market, By Communication Technology

                         7.1.   Introduction

                         7.2.   Bluetooth

                         7.3.   Zigbee

                         7.4.   Wi-Fi

                         7.5.   PLC

                         7.6.   DALI

                         7.7.   Others

    Chapter 8.   Global Smart Lighting Market, By Lighting Type

                         8.1.   Introduction

                         8.2.   LED

                         8.3.   Fluorescent Lamp

                         8.4.   Halogen

                         8.5.   Incandescent Light Bulb

                         8.6.   Others

    Chapter 9.   Global Smart Lighting Market, By Application

                         9.1.   Introduction

                         9.2.   Residential

                         9.3.   Commercial

                         9.4.   Industrial

                         9.5.   Others

    Chapter 10.   Global Smart Lighting Market, By Region

                         10.1.   Introduction

                         10.2.   North America

                                   10.2.1.   Introduction

                                   10.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.2.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   10.2.4.   Market Size and Forecast, By Offerings, 2020 - 2027

                                   10.2.5.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                   10.2.6.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                   10.2.7.   Market Size and Forecast, By Application, 2020 – 2027

                                   10.2.8.   US

                                                  10.2.8.1.   Introduction

                                                  10.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.2.8.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.2.8.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.2.8.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.2.8.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.2.9.   Canada

                                                  10.2.9.1.   Introduction

                                                  10.2.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.2.9.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.2.9.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.2.9.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.2.9.6.   Market Size and Forecast, By Application, 2020 – 2027

                                   10.2.10.   Mexico

                                                  10.2.10.1.   Introduction

                                                  10.2.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.2.10.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.2.10.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.2.10.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.2.10.6.   Market Size and Forecast, By Application, 2020 - 2027

                         10.3.   Europe

                                   10.3.1.   Introduction

                                   10.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.3.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   10.3.4.   Market Size and Forecast, By Offerings, 2020 - 2027

                                   10.3.5.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                   10.3.6.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                   10.3.7.   Market Size and Forecast, By Application, 2020 – 2027

                                   10.3.8.   Germany

                                                  10.3.8.1.   Introduction

                                                  10.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.8.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.3.8.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.3.8.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.3.8.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.3.9.   France

                                                  10.3.9.1.   Introduction

                                                  10.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.9.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.3.9.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.3.9.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.3.9.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.3.10.   UK

                                                  10.3.10.1.   Introduction

                                                  10.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.10.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.3.10.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.3.10.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.3.10.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.3.11.   Nordic Region

                                                  10.3.11.1.   Introduction

                                                  10.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.11.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.3.11.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.3.11.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.3.11.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.3.12.   Rest Of Europe

                                                  10.3.12.1.   Introduction

                                                  10.3.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.3.12.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.3.12.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.3.12.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.3.12.6.   Market Size and Forecast, By Application, 2020 - 2027

                         10.4.   Asia-Pacific

                                   10.4.1.   Introduction

                                   10.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.4.3.   Market Size and Forecast, By Country, 2020 - 2027

                                   10.4.4.   Market Size and Forecast, By Offerings, 2020 - 2027

                                   10.4.5.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                   10.4.6.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                   10.4.7.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.4.8.   China

                                                  10.4.8.1.   Introduction

                                                  10.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.8.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.4.8.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.4.8.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.4.8.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.4.9.   India

                                                  10.4.9.1.   Introduction

                                                  10.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.9.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.4.9.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.4.9.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.4.9.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.4.10.   Japan

                                                  10.4.10.1.   Introduction

                                                  10.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.10.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.4.10.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.4.10.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.4.10.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.4.11.   South Korea

                                                  10.4.11.1.   Introduction

                                                  10.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.11.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.4.11.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.4.11.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.4.11.6.   Market Size and Forecast, By Application, 2020 - 2027

                                   10.4.12.   Rest Of Asia-Pacific

                                                  10.4.12.1.   Introduction

                                                  10.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  10.4.12.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                                  10.4.12.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                                  10.4.12.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                                  10.4.12.6.   Market Size and Forecast, By Application, 2020 - 2027

                         10.5.   Rest Of The World (RoW)

                                   10.5.1.   Introduction

                                   10.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   10.5.3.   Market Size and Forecast, By Offerings, 2020 - 2027

                                   10.5.4.   Market Size and Forecast, By Communication Technology, 2020 - 2027

                                   10.5.5.   Market Size and Forecast, By Lighting Type, 2020 – 2027

                                   10.5.6.   Market Size and Forecast, By Application, 2020 - 2027

    Chapter 11.   Company Landscape

                         11.1.   Introduction

                         11.2.   Vendor Share Analysis

                         11.3.   Key Development Analysis

                         11.4.   Competitor Dashboard

    Chapter 12.   Company Profiles

                         12.1.   Signify

                                   12.1.1.   Business Overview

                                   12.1.2.   Financial Analysis

                                                  12.1.2.1.   Financial – Existing/Funding

                                   12.1.3.   Product Portfolio

                                   12.1.4.   Recent Development and Strategies Adopted

                                   12.1.5.   SWOT Analysis

                         12.2.   Acuity Brands, Inc.

                                   12.2.1.   Business Overview

                                   12.2.2.   Financial Analysis

                                                  12.2.2.1.   Financial – Existing/Funding

                                   12.2.3.   Product Portfolio

                                   12.2.4.   Recent Development and Strategies Adopted

                                   12.2.5.   SWOT Analysis

                        12.3.   Eaton

                                   12.3.1.   Business Overview

                                   12.3.2.   Financial Analysis

                                                  12.3.2.1.   Financial – Existing/Funding

                                   12.3.3.   Product Portfolio

                                   12.3.4.   Recent Development and Strategies Adopted

                                   12.3.5.   SWOT Analysis

                         12.4.   General Electric

                                   12.4.1.   Business Overview

                                   12.4.2.   Financial Analysis

                                                  12.4.2.1.   Financial – Existing/Funding

                                   12.4.3.   Product Portfolio

                                   12.4.4.   Recent Development and Strategies Adopted

                                   12.4.5.   SWOT Analysis

                         12.5.   Cisco Systems, Inc.

                                   12.5.1.   Business Overview

                                   12.5.2.   Financial Analysis

                                                  12.5.2.1.   Financial – Existing/Funding

                                   12.5.3.   Product Portfolio

                                   12.5.4.   Recent Development and Strategies Adopted

                                   12.5.5.   SWOT Analysis

                         12.6.   Cree, Inc.

                                   12.6.1.   Business Overview

                                   12.6.2.   Financial Analysis

                                                  12.6.2.1.   Financial – Existing/Funding

                                   12.6.3.   Product Portfolio

                                   12.6.4.   Recent Development and Strategies Adopted

                                   12.6.5.   SWOT Analysis

                         12.7.   Deco Lighting, Inc.

                                   12.7.1.   Business Overview

                                   12.7.2.   Financial Analysis

                                                  12.7.2.1.   Financial – Existing/Funding

                                   12.7.3.   Product Portfolio

                                   12.7.4.   Recent Development and Strategies Adopted

                                   12.7.5.   SWOT Analysis

                         12.8.   Honeywell International Inc.

                                   12.8.1.   Business Overview

                                   12.8.2.   Financial Analysis

                                                  12.8.2.1.   Financial – Existing/Funding

                                   12.8.3.   Product Portfolio

                                   12.8.4.   Recent Development and Strategies Adopted

                                   12.8.5.   SWOT Analysis

                         12.9.   Syska

                                   12.9.1.   Business Overview

                                   12.9.2.   Financial Analysis

                                                  12.9.2.1.   Financial – Existing/Funding

                                   12.9.3.   Product Portfolio

                                   12.9.4.   Recent Development and Strategies Adopted

                                   12.9.5.   SWOT Analysis

                         12.10.   OSRAM

                                   12.10.1.   Business Overview

                                   12.10.2.   Financial Analysis

                                                  12.10.2.1.   Financial – Existing/Funding

                                   12.10.3.   Product Portfolio

                                   12.10.4.   Recent Development and Strategies Adopted

                                   12.10.5.   SWOT Analysis

    Chapter 13.   Key Takeaways

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