Commercial Lighting Market by Offering (Hardware, Software, and Services), Installation Type (New and Retrofit), End-use Application (Indoor and Outdoor), Communication Technology, and Region - Global Growth Driver and Industry Forecast to 2036
Commercial Lighting Market Summary
The Commercial Lighting Market size was valued at approximately USD 75–80 billion in 2024 and is projected to reach around USD 140–160 billion by 2036, growing at a CAGR of 6–8% during the forecast period (2025–2036). The market is witnessing robust expansion driven by rapid urbanization, infrastructure development, and increasing adoption of smart lighting solutions. Growth in the Commercial Lighting Market is largely fueled by the widespread integration of energy-efficient LED systems, the rise of IoT-enabled lighting infrastructure, and increasing investments in smart buildings and digital transformation initiatives. Additionally, the convergence of artificial intelligence (AI) and automation technologies is enabling adaptive lighting systems, predictive maintenance, and enhanced energy management, making commercial lighting systems more intelligent and cost-effective across industries such as retail, offices, healthcare, and hospitality.
Key Market Trends & Insights
The Commercial Lighting Market is currently led by North America, owing to strong adoption of smart lighting technologies and stringent energy efficiency regulations. Asia Pacific is emerging as the fastest-growing region, driven by rapid urban infrastructure development, especially in China and India. LED lighting remains the dominant segment, accounting for the majority share due to its energy efficiency and long lifespan. Another notable trend is the increasing integration of AI-powered lighting control systems that optimize energy usage based on occupancy and daylight conditions. The growing deployment of IoT-enabled connected lighting systems is transforming traditional lighting into data-driven platforms. Furthermore, automation in building management systems is significantly enhancing the functionality of commercial lighting solutions.
Market Size & Forecast
- Base year market size: USD 75–80 billion (2024)
- Forecast value by 2036: USD 140–160 billion
- CAGR: 6–8% (2025–2036)
- Growth is driven by increasing adoption of LED lighting, smart building infrastructure, IoT-enabled systems, and sustainability initiatives across commercial sectors
To know about the assumptions considered for the study, Request for Free Sample Report
Commercial Lighting Market Top 10 key takeaway
- The Commercial Lighting Market is projected to nearly double by 2036.
- LED lighting dominates due to superior efficiency and durability.
- Smart lighting systems integrated with IoT are gaining rapid traction.
- North America holds the largest market share.
- Asia Pacific is the fastest-growing region.
- AI-driven lighting control is transforming energy management.
- Commercial spaces such as offices and retail drive demand.
- Government regulations promoting energy efficiency boost market growth.
- Wireless and connected lighting solutions are expanding rapidly.
- Sustainability and carbon reduction goals are key market drivers.
Product Insights
In the Commercial Lighting Market, LED lighting systems represent the leading product segment, accounting for a dominant share due to their energy efficiency, longer operational lifespan, and reduced maintenance costs. Businesses are increasingly transitioning from traditional lighting systems such as fluorescent and incandescent lights to LED-based solutions to achieve sustainability targets and reduce operational expenses. The declining cost of LED components has further accelerated adoption across commercial facilities.
Emerging product categories within the Commercial Lighting Market include smart luminaires and human-centric lighting systems. These advanced lighting solutions are designed to enhance occupant comfort and productivity by adjusting brightness and color temperature based on time of day and user preferences. AI integration plays a significant role in these systems, enabling real-time data analysis and adaptive lighting control. Additionally, Li-Fi (light fidelity) technology is gaining attention as a potential innovation, using light for wireless communication, which could redefine the functionality of commercial lighting infrastructure.
Technology / Component Insights
The Commercial Lighting Market is being reshaped by a range of advanced technologies, including IoT-enabled lighting systems, AI-based control platforms, and cloud-based lighting management solutions. IoT integration allows lighting systems to connect with sensors, enabling features such as motion detection, daylight harvesting, and remote monitoring. This connectivity enhances operational efficiency and reduces energy consumption.
Artificial intelligence is playing a transformative role in the Commercial Lighting Market by enabling predictive maintenance, automated lighting adjustments, and energy optimization. AI algorithms analyze usage patterns and environmental conditions to deliver optimal lighting performance. Cloud computing further supports centralized control and real-time analytics, allowing facility managers to manage multiple locations efficiently.
Automation technologies are also becoming integral to commercial lighting systems. Integration with building management systems (BMS) enables seamless control of lighting along with HVAC and security systems. Future innovations are expected to include edge computing for faster processing and enhanced cybersecurity measures to protect connected lighting networks.
Application Insights
The Commercial Lighting Market finds extensive application across various sectors, with office spaces representing the leading application segment. The demand for efficient and intelligent lighting systems in corporate environments is driven by the need to enhance employee productivity, reduce energy costs, and comply with sustainability standards. Retail is another significant segment, where lighting plays a critical role in enhancing customer experience and influencing purchasing behavior.
Healthcare facilities are increasingly adopting advanced lighting systems to improve patient outcomes and operational efficiency. Similarly, the hospitality sector is leveraging smart lighting to create personalized guest experiences. Industrial and warehouse applications are also witnessing growth due to the need for high-performance lighting solutions that ensure safety and efficiency.
Future opportunities in the Commercial Lighting Market are expected to emerge from smart cities and infrastructure projects, where integrated lighting systems will play a crucial role in urban development.
Regional Insights
North America dominates the Commercial Lighting Market due to the early adoption of advanced technologies, strong regulatory frameworks promoting energy efficiency, and significant investments in smart building infrastructure. The presence of key market players further strengthens the region's position.
Europe follows closely, driven by stringent environmental regulations and a strong focus on sustainability. The region is witnessing increased adoption of energy-efficient lighting solutions, particularly in commercial and public infrastructure.
Asia Pacific is the fastest-growing region in the Commercial Lighting Market, fueled by rapid urbanization, infrastructure development, and increasing government initiatives for smart cities. Countries such as China, India, and Japan are investing heavily in modernizing commercial spaces with advanced lighting systems.
- North America leads in smart lighting adoption
- Europe focuses on sustainability and energy efficiency
- Asia Pacific shows highest growth potential
- Increasing investments in smart cities boost regional demand
- Emerging economies drive infrastructure expansion
Country-Specific Market Trends
In Asia Pacific, China leads the Commercial Lighting Market with a CAGR of 7–9%, driven by large-scale infrastructure projects and government-backed smart city initiatives. Japan follows with steady growth supported by technological innovation and aging infrastructure upgrades.
In North America, the United States dominates the market with a CAGR of 5–7%, owing to strong adoption of IoT and AI-based lighting systems. Canada and Mexico are also witnessing growth due to increasing investments in commercial infrastructure.
In Europe, Germany and France are key contributors, with a CAGR of 6–8%. These countries are focusing on energy-efficient lighting solutions and regulatory compliance to reduce carbon emissions.
- China leads APAC growth due to urbanization
- Japan focuses on advanced lighting technologies
- United States dominates North America market
- Germany and France drive European sustainability initiatives
- Government policies significantly influence adoption rates
Key Commercial Lighting Market Company Insights
The Commercial Lighting Market is highly competitive, with key players focusing on innovation, strategic partnerships, and technological advancements. Major companies such as Signify (Philips Lighting), Acuity Brands, OSRAM, Zumtobel Group, Cree Lighting, Hubbell Incorporated, Panasonic Corporation, and GE Lighting are actively investing in AI-enabled lighting solutions and IoT integration.
These companies are developing smart lighting platforms that offer advanced features such as remote monitoring, predictive maintenance, and energy optimization. Strategic collaborations with technology providers and construction firms are enabling them to expand their market presence. Additionally, companies are focusing on sustainable product development to align with global environmental goals.
- Companies invest heavily in AI and IoT integration
- Strategic partnerships drive innovation
- Focus on sustainable and energy-efficient products
- Expansion into smart city projects
- Development of intelligent lighting platforms
Recent Developments
Recent developments in the Commercial Lighting Market highlight the increasing focus on smart and connected solutions. Signify recently launched an AI-powered lighting platform designed to optimize energy usage in commercial buildings. Acuity Brands introduced a new range of IoT-enabled luminaires that integrate seamlessly with building management systems. Additionally, OSRAM partnered with a technology firm to develop advanced sensor-based lighting solutions for smart city applications.
Market Segmentation
The Commercial Lighting Market is segmented based on product, technology/component, application, and region. By product, the market includes LED lighting, fluorescent lighting, and others, with LED dominating due to its efficiency and longevity. In terms of technology, the market is categorized into conventional lighting and smart lighting systems, with the latter gaining significant traction due to IoT and AI integration.
By application, the Commercial Lighting Market covers offices, retail, healthcare, hospitality, and industrial sectors, each contributing to market growth based on specific lighting requirements. Regionally, the market is divided into North America, Europe, Asia Pacific, and the rest of the world, with Asia Pacific showing the highest growth potential.
- LED lighting dominates product segment
- Smart lighting leads technology adoption
- Office and retail sectors drive application demand
- Asia Pacific shows fastest regional growth
- IoT-enabled systems reshape market segmentation
Conclusion
The Commercial Lighting Market is poised for significant growth through 2036, driven by advancements in AI, IoT, and automation technologies. The transition toward smart and energy-efficient lighting systems is transforming commercial spaces into intelligent environments that enhance productivity and sustainability. As businesses increasingly prioritize digital transformation and carbon reduction goals, the demand for advanced lighting solutions will continue to rise. The integration of AI-driven analytics and IoT connectivity will further unlock new opportunities, making commercial lighting a strategic component of modern infrastructure development.
FAQs
What is the current size of the Commercial Lighting Market?
The Commercial Lighting Market is valued at approximately USD 75–80 billion in 2024.
What is the expected growth rate of the market?
The market is expected to grow at a CAGR of 6–8% from 2025 to 2036.
What are the key drivers of the Commercial Lighting Market?
Key drivers include LED adoption, IoT integration, AI-based automation, and sustainability initiatives.
Which region leads the Commercial Lighting Market?
North America currently leads the market due to advanced technology adoption and strong regulatory support.
Who are the key players in the market?
Major companies include Signify, Acuity Brands, OSRAM, Zumtobel Group, Cree Lighting, and Panasonic Corporation.costs, low overall design & construction costs, and reduced labor efforts by minimizing the amount of Ethernet cables required. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 COMMERCIAL LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 2 COMMERCIAL LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 3 COMMERCIAL SMART LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN COMMERCIAL SMART LIGHTING MARKET
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—DEMAND-SIDE ANALYSIS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach used to arrive at market size using bottom-up analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach used to arrive at market size using top-down analysis
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS OF RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 45)
3.1 COMMERCIAL LIGHTING MARKET: REALISTIC SCENARIO (POST-COVID-19)
FIGURE 10 COMMERCIAL SMART LIGHTING MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSES (2017–2025)
3.2 COMMERCIAL SMART LIGHTING MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)
3.3 COMMERCIAL SMART LIGHTING MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)
FIGURE 11 SERVICES SEGMENT OF COMMERCIAL SMART LIGHTING MARKET TO WITNESS HIGHEST CAGR FROM 2020 TO 2025
FIGURE 12 NEW INSTALLATIONS TO HOLD LARGER SIZE OF COMMERCIAL SMART LIGHTING MARKET FROM 2020 TO 2025
FIGURE 13 WIRELESS COMMUNICATION TECHNOLOGY TO REGISTER HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING 2020–2025
FIGURE 14 OUTDOOR APPLICATIONS TO RECORD HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD
FIGURE 15 EUROPE HELD LARGEST SHARE OF COMMERCIAL SMART LIGHTING MARKET IN 2019
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE OPPORTUNITIES FOR GROWTH OF COMMERCIAL LIGHTING MARKET
FIGURE 16 INCREASING INVESTMENTS IN SMART CITY AND INFRASTRUCTURE DEVELOPMENT PROJECTS DRIVING MARKET GROWTH
4.2 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION
FIGURE 17 INDOOR APPLICATIONS TO DOMINATE COMMERCIAL SMART LIGHTING MARKET THROUGHOUT FORECAST PERIOD
4.3 COMMERCIAL SMART LIGHTING MARKET, BY HARDWARE OFFERING
FIGURE 18 LIGHTING CONTROLS TO EXHIBIT HIGHER CAGR THAN LIGHTS & LUMINAIRES IN SMART LIGHTING MARKET DURING FORECAST PERIOD
4.4 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR END-USE APPLICATION AND COUNTRY
FIGURE 19 CHINA TO LEAD SMART LIGHTING MARKET DURING FORECAST PERIOD
4.5 COMMERCIAL SMART LIGHTING MARKET, BY GEOGRAPHY
FIGURE 20 COMMERCIAL SMART LIGHTING MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
FIGURE 21 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.1.1 DRIVERS
5.1.1.1 Ongoing and upcoming smart city projects in developing countries
FIGURE 22 SMART CITIES INDEX, 2019
5.1.1.2 Growing focus of governments worldwide on energy conservation
5.1.1.3 Increasing acceptance of standard protocols for lighting control systems
5.1.1.4 Escalating demand for LED lights and luminaires for use in outdoor applications
5.1.1.5 Surging use of integrated lighting control systems
FIGURE 23 EVOLUTION OF LIGHTING CONTROL SYSTEMS
FIGURE 24 COMMERCIAL SMART LIGHTING MARKET DRIVERS AND THEIR IMPACT
5.1.2 RESTRAINTS
5.1.2.1 High installation costs
5.1.2.2 Major supply chain disruptions due to COVID-19 outbreak
FIGURE 25 COMMERCIAL SMART LIGHTING MARKET RESTRAINTS AND THEIR IMPACT
5.1.3 OPPORTUNITIES
5.1.3.1 Rapid transition from traditional lighting to connected lighting solutions
5.1.3.2 Increased adoption of PoE-based and solar lighting solutions
FIGURE 26 COMMERCIAL SMART LIGHTING MARKET OPPORTUNITIES AND THEIR IMPACT
5.1.4 CHALLENGES
5.1.4.1 Interoperability issues between different network components
5.1.4.2 Security and reliability issues related to IoT-based lighting systems
FIGURE 27 COMMERCIAL SMART LIGHTING MARKET CHALLENGES AND THEIR IMPACT
6 INDUSTRY TRENDS (Page No. - 62)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 28 COMMERCIAL LIGHTING MARKET: VALUE CHAIN ANALYSIS
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT EXECUTIVES
6.2.2 RAW MATERIAL/INPUT SUPPLIERS
6.2.3 ORIGINAL EQUIPMENT MANUFACTURERS
6.2.4 SYSTEM INTEGRATORS, TECHNOLOGY PROVIDERS, AND SERVICE PROVIDERS
6.2.5 DISTRIBUTORS AND SALES REPRESENTATIVES
6.2.6 APPLICATIONS
6.3 COMMERCIAL SMART LIGHTING: ECOSYSTEM
FIGURE 29 ECOSYSTEM VIEW
6.4 KEY INDUSTRY TRENDS
FIGURE 30 LEADING TRENDS IN COMMERCIAL SMART LIGHTING MARKET
6.5 PRICING ANALYSIS
TABLE 2 PRICE COMPARISON: SMART LED BULB
TABLE 3 PRICE COMPARISON: SOLAR STREET LED LIGHT LUMINAIRE
6.6 SHIPMENTS OF COMPONENTS
FIGURE 31 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT (MILLION UNITS)
6.7 TECHNOLOGY ANALYSIS
TABLE 4 WIRED PROTOCOLS
TABLE 5 WIRELESS PROTOCOL
6.8 TARIFF REGULATIONS REGARDING COMMERCIAL SMART LIGHTING
TABLE 6 TARIFF REGULATIONS
7 CASE STUDY ANALYSIS (Page No. - 71)
7.1 INTRODUCTION
7.2 CITY OF CHICAGO
TABLE 7 AMERESCO INC. (US) PROVIDED SMART STREETLIGHTS TO MODERNIZE AND CONNECT LARGEST CITY-LED WIRELESS SMART STREET LIGHTING PROJECT IN THE US
7.3 HOTEL XCARET
TABLE 8 HOTEL XCARET INSTALLED CUSTOMIZED IN-ROOM LIGHTING CONTROLS FROM LUTRON ELECTRONICS CO., INC (US)
7.4 CITY OF MONTREAL
TABLE 9 MONTREAL CITY CONVERTED LED STREET LIGHTING WITH HELP OF DIMONOFF INC. (US) SOLUTION
7.5 CITY OF LONDON
TABLE 10 IN ASSOCIATION WITH ITRON (US) AND WI-SUN ALLIANCE (US), LONDON REPLACED ALL OLD UNITS OF STREETLIGHTS
7.6 DORTMUND STREET LIGHTING
TABLE 11 TVILIGHT (NETHERLAND) HELPS TURN DORTMUND’S 25,000 STREETLIGHTS INTO SMART CITY PLATFORM
7.7 PINK CITY JAIPUR
TABLE 12 TVILIGHT (NETHERLANDS) RUNS LARGEST SENSOR-BASED SMART LIGHTING PROJECT IN INDIA
7.8 DUBAI MALL
TABLE 13 DUBAI MALL CAME UP WITH NEW LOOK BY INSTALLING OSRAM LICHT AG (GERMANY) LEDS
7.9 GRAND LAPA MACAU
TABLE 14 LUTRON (US) HELPS GRAND LAPA MACAU WITH SMART LIGHTING SOLUTION
8 COMMERCIAL LIGHTING MARKET, BY OFFERING (Page No. - 79)
8.1 INTRODUCTION
FIGURE 32 COMMERCIAL LIGHTING MARKET, BY OFFERING
FIGURE 33 HARDWARE OFFERINGS TO HOLD LARGEST SIZE OF COMMERCIAL SMART LIGHTING MARKET FROM 2020 TO 2025
TABLE 15 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 16 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
8.2 HARDWARE
FIGURE 34 COMMERCIAL SMART LIGHTING MARKET, BY HARDWARE
TABLE 17 COMMERCIAL SMART LIGHTING MARKET FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 18 COMMERCIAL SMART LIGHTING MARKET FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION)
8.2.1 LIGHTS & LUMINAIRES
8.2.1.1 Lights & luminaires segment holds larger share of commercial smart lighting market
8.2.1.1.1 Smart bulbs
8.2.1.1.2 Fixtures
8.2.2 LIGHTING CONTROLS
8.2.2.1 Lighting control to grow at a faster rate during the forecast period
TABLE 19 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION)
TABLE 20 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION)
8.2.2.1.1 LED drivers & ballasts
8.2.2.1.2 Sensors
8.2.2.1.3 Switches
8.2.2.1.4 Dimmers
8.2.2.1.5 Relay units
8.2.2.1.6 Gateways
8.3 SOFTWARE
FIGURE 35 COMMERCIAL LIGHTING MARKET, BY SOFTWARE
8.3.1 LOCAL/WEB-BASED SOFTWARE
8.3.1.1 High demand for advanced lighting control systems is driving adoption of smart lighting control system software
8.3.2 CLOUD-BASED SOFTWARE
8.3.2.1 Cloud-based software plays pivotal role in data analytics to improve lighting efficiency
8.4 SERVICES
FIGURE 36 COMMERCIAL LIGHTING MARKET, BY SERVICE
8.4.1 PRE-INSTALLATION SERVICES
8.4.1.1 Increasing demand for pre-installation services in commercial and office spaces
8.4.2 POST-INSTALLATION SERVICES
8.4.2.1 Growing demand for maintenance and analytics to maintain efficiency of commercial smart lighting solutions
8.5 IMPACT OF COVID-19 ON OFFERING OF COMMERCIAL SMART LIGHTING
9 COMMERCIAL LIGHTING MARKET, BY INSTALLATION TYPE (Page No. - 91)
9.1 INTRODUCTION
FIGURE 37 COMMERCIAL LIGHTING MARKET, BY INSTALLATION TYPE
FIGURE 38 NEW INSTALLATIONS TO CAPTURE LARGEST SIZE OF COMMERCIAL SMART LIGHTING MARKET IN 2025
TABLE 21 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 22 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
9.2 NEW INSTALLATIONS
9.2.1 COMMERCIAL SMART LIGHTING MARKET TO WITNESS INCREASED DEMAND FOR NEW INSTALLATIONS DURING FORECAST PERIOD
9.3 RETROFIT INSTALLATIONS
9.3.1 MARKET FOR RETROFIT INSTALLATIONS TO GROW AT HIGHER GROWTH RATE DURING FORECAST PERIOD
9.4 IMPACT OF COVID-19 ON INSTALLATION TYPES OF COMMERCIAL SMART LIGHTING SOLUTIONS
10 COMMERCIAL LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 95)
10.1 INTRODUCTION
FIGURE 39 COMMERCIAL LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
FIGURE 40 WIRELESS TECHNOLOGIES TO EXHIBIT HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD
TABLE 23 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 24 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION)
10.2 WIRED TECHNOLOGY
TABLE 25 COMMERCIAL SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY TYPE, 2016–2019 (USD MILLION)
TABLE 26 COMMERCIAL SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY TYPE, 2020–2025 (USD MILLION)
10.2.1 DALI
10.2.1.1 Dali communication technology captured largest share of commercial smart lighting market in 2019
10.2.2 POWER OVER ETHERNET (POE)
10.2.2.1 PoE to witness at highest CAGR for commercial smart lighting market during forecast period
FIGURE 41 TIMELINE OF POE-RELATED IEEE STANDARDS
TABLE 27 OVERVIEW OF POE PROTOCOLS
10.2.3 POWER-LINE COMMUNICATION (PLC)
10.2.3.1 PLC is widely adopted for outdoor streetlights and industrial lighting applications
10.2.4 OTHERS
10.3 WIRELESS
TABLE 28 WIRELESS COMMERCIAL LIGHTING PROTOCOLS
TABLE 29 COMMERCIAL SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY TYPE, 2016–2019 (USD MILLION)
TABLE 30 COMMERCIAL SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY TYPE, 2020–2025 (USD MILLION)
10.3.1 ZIGBEE
10.3.1.1 Open global standard to address unique needs of low-cost, low-power, wireless IoT networks
10.3.2 WI-FI
10.3.2.1 Wi-Fi wireless communication technology to exhibit highest CAGR in commercial smart lighting market during forecast period
10.3.3 BLUETOOTH LOW ENERGY (BLE)
10.3.3.1 Widely used networking technology that eliminates use of cables
10.3.4 ENOCEAN
10.3.4.1 Remove need to install wires between switches and controlled devices
10.3.5 OTHERS
11 COMMERCIAL LIGHTING MARKET, BY END-USE APPLICATION (Page No. - 105)
11.1 INTRODUCTION
FIGURE 42 COMMERCIAL LIGHTING MARKET, BY END-USE APPLICATION
FIGURE 43 OUTDOOR APPLICATIONS TO RECORD HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD
TABLE 31 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION, 2016–2019 (USD MILLION)
TABLE 32 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION, 2020–2025 (USD MILLION)
11.2 INDOOR
TABLE 33 COMMERCIAL SMART LIGHTING MARKET FOR INDOOR APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 34 COMMERCIAL SMART LIGHTING MARKET FOR INDOOR APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
11.2.1 COMMERCIAL
11.2.1.1 Increasing adoption of smart lighting in commercial applications to drive growth of market for indoor applications
TABLE 35 COMMERCIAL SMART LIGHTING MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 36 COMMERCIAL SMART LIGHTING MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
11.2.1.1.1 Healthcare
11.2.1.1.1.1 Use of smart lighting to enhance staff’s ability to provide high-quality care and promote overall well-being of patients
11.2.1.1.2 Office spaces
11.2.1.1.2.1 Implementation of smart lighting to ensure comfort and productivity of working staff
11.2.1.1.3 Retail stores & malls
11.2.1.1.3.1 Retail stores & malls segment to exhibit highest CAGR during forecast period
11.2.1.1.4 Hospitality
11.2.1.1.4.1 Deployment of smart lighting to attract guests and make customers feel comfortable
11.2.1.1.5 Education institutes
11.2.1.1.5.1 Adoption of smart lighting in educational institutes to offer environment conducive to learning
11.2.1.1.6 Stadiums
11.2.1.1.6.1 Employment of smart lighting making stadiums more energy-efficient
11.2.2 INDUSTRIAL
11.2.2.1 Use of appropriate lighting to ensure safety of industrial plants
11.2.3 OTHERS
11.3 OUTDOOR
TABLE 37 COMMERCIAL LIGHTING MARKET, BY OUTDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 38 COMMERCIAL SMART LIGHTING MARKET, BY OUTDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
11.3.1 HIGHWAYS AND ROADWAYS LIGHTING
11.3.1.1 Highways and roadways lighting segment accounted largest share of commercial smart lighting market in 2019
11.3.2 ARCHITECTURAL LIGHTING
11.3.2.1 Opportunity for architectural lighting business in coming years to propel market growth
11.3.3 LIGHTING FOR PUBLIC PLACES
11.3.3.1 Government support and subsidies to fuel demand for energy-efficient smart lighting solutions
11.4 IMPACT OF COVID-19 ON END-USE APPLICATIONS OF COMMERCIAL SMART LIGHTING SOLUTIONS
12 COMMERCIAL LIGHTING MARKET, BY REGION (Page No. - 116)
12.1 INTRODUCTION
FIGURE 44 COMMERCIAL LIGHTING MARKET, BY REGION
TABLE 39 COMMERCIAL LIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 40 COMMERCIAL SMART LIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 45 SNAPSHOT: COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA
TABLE 41 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 42 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 43 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 44 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION)
TABLE 45 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY COMPONENT, 2016–2019 (USD MILLION)
TABLE 46 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION)
TABLE 47 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2016–2019 (USD MILLION)
TABLE 48 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2020–2025 (USD MILLION)
TABLE 49 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR INDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 50 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR INDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 51 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR OUTDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 52 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR OUTDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 53 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, 2016–2019 (USD MILLION)
TABLE 54 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 55 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 56 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 57 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 58 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 59 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 60 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
12.2.1 US
12.2.1.1 US to hold major share of commercial smart lighting market in North America during forecast period
12.2.2 CANADA
12.2.2.1 Fastest-growing market for commercial smart lighting in North America
12.2.3 MEXICO
12.2.3.1 Government initiatives to implement energy-efficient lighting systems
12.2.4 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
12.3 EUROPE
FIGURE 46 SNAPSHOT: COMMERCIAL SMART LIGHTING MARKET IN EUROPE
TABLE 61 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 62 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 63 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 64 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION)
TABLE 65 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION)
TABLE 66 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION)
TABLE 67 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY END-USE APPLICATION, 2016–2019 (USD MILLION)
TABLE 68 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY END-USE APPLICATION, 2020–2025 (USD MILLION)
TABLE 69 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR INDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 70 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR INDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 71 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 72 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 73 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR OUTDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 74 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR OUTDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 75 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 76 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 77 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 78 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 79 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 80 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
12.3.1 UK
12.3.1.1 Rising demand for energy-saving lighting solutions to drive commercial smart lighting market in UK
12.3.2 GERMANY
12.3.2.1 Growing emphasis of government on phasing out conventional lighting technologies fueling market growth in Germany
12.3.3 FRANCE
12.3.3.1 Increasing awareness regarding benefits of smart lighting creating opportunities for market players
12.3.4 ITALY
12.3.4.1 Rising focus of government organizations on minimizing energy consumption to foster smart lighting market in Italy
12.3.5 REST OF EUROPE
12.3.6 IMPACT OF COVID-19 ON EUROPEAN MARKET
12.4 APAC
FIGURE 47 SNAPSHOT: COMMERCIAL LIGHTING MARKET IN APAC
TABLE 81 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 82 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 83 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 84 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION)
TABLE 85 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION)
TABLE 86 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION)
TABLE 87 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY END-USE APPLICATION, 2016–2019 (USD MILLION)
TABLE 88 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY END-USE APPLICATION, 2020–2025 (USD MILLION)
TABLE 89 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR APPLICATION, 2016–2019 (USD MILLION)
TABLE 90 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR APPLICATION, 2020–2025 (USD MILLION)
TABLE 91 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COMMERCIAL APPLICATION, 2016–2019 (USD MILLION)
TABLE 92 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COMMERCIAL APPLICATION, 2020–2025 (USD MILLION)
TABLE 93 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OUTDOOR APPLICATION, 2016–2019 (USD MILLION)
TABLE 94 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OUTDOOR APPLICATION, 2020–2025 (USD MILLION)
TABLE 95 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 96 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 97 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 98 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 99 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 100 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Increasing government expenditure on public infrastructure to drive commercial smart lighting market growth in China
12.4.2 JAPAN
12.4.2.1 Growing use of commercial smart lighting systems for indoor lighting applications to boost market growth in Japan
12.4.3 INDIA
12.4.3.1 Ongoing government support for deployment of energy-efficient lighting solutions to drive market growth in India
12.4.4 AUSTRALASIA
12.4.4.1 Growing number of smart infrastructure projects to spur commercial smart lighting market growth
12.4.5 REST OF APAC
12.4.6 IMPACT OF COVID-19 ON APAC MARKET
12.5 REST OF THE WORLD
TABLE 101 COMMERCIAL LIGHTING MARKET IN ROW, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 102 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 103 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION)
TABLE 104 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION)
TABLE 105 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION)
TABLE 106 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION)
TABLE 107 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY END-USE APPLICATION, 2016–2019 (USD MILLION)
TABLE 108 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY END-USE APPLICATION, 2020–2025 (USD MILLION)
TABLE 109 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INDOOR APPLICATION, 2016–2019 (USD MILLION)
TABLE 110 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INDOOR APPLICATION, 2020–2025 (USD MILLION)
TABLE 111 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY COMMERCIAL APPLICATION, 2016–2019 (USD MILLION)
TABLE 112 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY COMMERCIAL APPLICATION, 2020–2025 (USD MILLION)
TABLE 113 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY OUTDOOR APPLICATION, 2016–2019 (USD MILLION)
TABLE 114 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY OUTDOOR APPLICATION, 2020–2025 (USD MILLION)
TABLE 115 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INSTALLATION TYPE, 2016–2019 (USD MILLION)
TABLE 116 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)
TABLE 117 SMART LIGHTING MARKET IN ROW, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION)
TABLE 118 SMART LIGHTING MARKET IN ROW, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 119 SMART LIGHTING MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
TABLE 120 SMART LIGHTING MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
12.5.1 MIDDLE EAST AND AFRICA
12.5.1.1 Rapid urbanization to drive commercial smart lighting market in Middle East and Africa
12.5.2 SOUTH AMERICA
12.5.2.1 High adoption of commercial smart lighting hardware devices to drive market in South America
12.5.3 IMPACT OF COVID-19 ON MARKET IN ROW
13 COMPETITIVE LANDSCAPE (Page No. - 155)
13.1 OVERVIEW
FIGURE 48 KEY DEVELOPMENTS BY LEADING PLAYERS IN MARKET FROM 2016 TO 2020
13.2 MARKET RANKING ANALYSIS, 2019
FIGURE 49 MARKET RANKING OF TOP 3 PLAYERS IN COMMERCIAL LIGHTING MARKET, 2019
13.3 MARKET SHARE ANALYSIS,2019
TABLE 121 COMMERCIAL LIGHTING MARKET SHARE ANALYSIS, 2019
13.4 HISTORICAL REVENUE ANALYSIS, 2015–2019 (USD BILLION)
TABLE 122 5-YEAR HISTORICAL REVENUE ANALYSIS FOR LIGHTING COMPANIES (USD BILLION)
13.5 COMPETITIVE SITUATIONS AND TRENDS
FIGURE 50 BATTLE FOR MARKET SHARE: PRODUCT LAUNCHES AND DEVELOPMENTS WERE KEY STRATEGIES ADOPTED BETWEEN 2016 AND 2020
13.5.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 123 PRODUCT LAUNCHES AND DEVELOPMENTS, 2016–2020
13.5.2 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND CONTRACTS
TABLE 124 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND CONTRACTS, 2016–2020
13.5.3 ACQUISITIONS
TABLE 125 ACQUISITIONS, 2017–2020
13.5.4 PRODUCT EXPANSIONS & UPGRADES
TABLE 126 PRODUCT EXPANSIONS & UPGRADES, 2018–2020
13.5.5 DEMONSTRATIONS, DIVESTITURES, & FUNDING
TABLE 127 DEMONSTRATIONS, DIVESTITURES, & FUNDING, 2018–2020
13.6 COMPANY EVALUATION MATRIX
13.6.1 STAR
13.6.2 EMERGING
13.6.3 PERVASIVE
13.6.4 PARTICIPANT
FIGURE 51 COMMERCIAL SMART LIGHTING MARKET (GLOBAL), COMPANY EVALUATION MATRIX, 2020
13.7 STARTUP/SME EVALUATION MATRIX, 2020
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
FIGURE 52 COMMERCIAL SMART LIGHTING MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX, 2020
14 COMPANY PROFILES (Page No. - 173)
14.1 INTRODUCTION
14.2 KEY PLAYERS
(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)*
14.2.1 SIGNIFY HOLDING (PHILIPS LIGHTING N.V.)
FIGURE 53 SIGNIFY: COMPANY SNAPSHOT
14.2.2 LEGRAND S.A.
FIGURE 54 LEGRAND: COMPANY SNAPSHOT
14.2.3 ACUITY BRANDS, INC.
FIGURE 55 ACUITY BRANDS: COMPANY SNAPSHOT
14.2.4 GE CURRENT, A DAINTREE COMPANY
14.2.5 OSRAM LICHT AG
FIGURE 56 OSRAM LICHT AG: COMPANY SNAPSHOT
14.2.6 IDEAL INDUSTRIES, INC. (CREE LIGHTING)
14.2.7 LEVITON MANUFACTURING COMPANY, INC.
14.2.8 LUTRON ELECTRONICS CO., INC.
14.2.9 LEDVANCE GMBH
14.2.10 ZUMTOBEL GROUP AG
FIGURE 57 ZUMTOBEL GROUP AG: COMPANY SNAPSHOT
14.2.11 HUBBELL INCORPORATED
FIGURE 58 HUBBELL INCORPORATED: COMPANY SNAPSHOT
14.2.12 SCHNEIDER ELECTRIC SE
FIGURE 59 SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
*Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
14.3 RIGHT TO WIN
14.4 OTHER IMPORTANT PLAYERS
14.4.1 HONEYWELL INTERNATIONAL INC.
14.4.2 DIALIGHT PLC
14.4.3 ABB
14.4.4 RAB LIGHTING INC.
14.4.5 SYNAPSE WIRELESS, INC. (MCWANE, INC.)
14.4.6 PANASONIC GROUP
14.4.7 LG ELECTRONICS INC.
14.4.8 ENLIGHTED INC. (A SIEMENS COMPANY)
14.4.9 HELVAR
14.4.10 WIPRO ENTERPRISES (P) LIMITED
14.4.11 SYSKA LED
15 APPENDIX (Page No. - 229)
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved 4 major activities for estimating the current size of the commercial smart lighting market. Exhaustive secondary research has been carried out to collect information on the market, peer markets, and the parent market. The next step has been to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures have been used to estimate the size of segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, journals, certified publications, articles from recognized authors; websites; directories; and databases. Secondary research has mainly been used to obtain key information about the industry’s supply chain, market’s value chain, major players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology oriented perspectives. Secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated through primary research
Primary Research
Primary research has also been conducted to identify market segmentation and key players, analyze the competitive landscape, key factors affecting the market’s dynamics (drivers, restraints, opportunities, and challenges), and strategies of key players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights throughout the report.
Primary interviews have been conducted with experts from both the demand and supply sides across 4 regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which consist of 80% of total primary interviews. However, questionnaires and emails have also been used to collect the data.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been implemented to estimate and validate the total size of the commercial smart lighting market. These methods have been also used extensively to estimate the size of the markets based on various segments. The research methodology used to estimate the market size included the following steps:
- The key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each market segment and subsegment. The data has been triangulated by studying various factors and trends from demand and supply sides across different end users.
Study Objectives
- To define, describe, forecast, and analyze the size of the commercial smart lighting market, based on offering (hardware, software, and services), communication technology (wired and wireless), end-use application (indoor and outdoor), installation type (new and retrofit), and geography
-
To forecast the market for various segments with regard to four main regions, namely,
North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) - To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets1 with respect to their individual growth trends, prospects, and contributions to the overall market
- To analyze the key industry trends related to components, communication technologies, and end-use applications that shape and influence the market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
- To profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies2
- To provide a detailed competitive landscape of the market, along with a share analysis of key players
- To analyze competitive growth strategies such as partnerships, contracts, agreements and collaborations, acquisitions, and new product launches and developments, adopted by key players in the commercial smart lighting market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for this report:
Regional Analysis
- Country-wise breakdown of the commercial smart lighting market for North America, Europe, APAC, and RoW
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Commercial Lighting Market