European Smart Lighting Market

European Smart Lighting Market by Light and Luminaire, Lighting Control, DALI, Power Over Ethernet (PoE), Power Line Communication (PLC), Wired Hybrid Protocol, Zigbee, Bluetooth Low Energy (BLE), 6LoWPAN, and EnOcean - Forecast to 2030

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Methodology

The research study involved 4 major activities in estimating the size of the smart lighting market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

Primary Research

In primary research, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the smart lighting market ecosystem. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the smart lighting market.

Identification of major companies providing smart lighting hardware, software, and services
Identification of key segments within the smart lighting market across different geographical regions
Estimation of the market size in various regions by analyzing the adoption of smart lighting solutions across different industries
Determination of market share estimates for deployments in different end-use application segments by assessing the demand for smart lighting products and solutions
Tracking ongoing and upcoming developments in smart lighting products
Compilation of regional market size data for each segment to derive regional market estimates
Conducting interviews with multiple key leaders to comprehend the smart lighting market scope, product demand, future market growth, and potential impact of economic downturns
Verification and validation of estimates through cross-checking with primary sources, discussions with leaders, and consultation with domain experts at MarketsandMarkets
Analysis of various paid and unpaid information sources, including annual reports, press releases, white papers, and databases

The top-down approach has been used to estimate and validate the total size of the smart lighting market.

Focusing, initially, on the top-line investments and spending in the ecosystems of various industries. Tracking further splits based on product launches, advancements in smart lighting technologies, smart lighting solutions and software used for various industrial applications, and developments in the key market areas
Representing and developing the information related to market revenue offered by key hardware, software, and service providers
Carrying out multiple on-field discussions with key opinion leaders across each major company involved in the development of hardware and software components and services pertaining to smart lighting
Estimating the geographic split using secondary sources based on factors such as the number of players in a specific country and region, types of products, levels of services offered, and types of software implemented.

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. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides of the smart lighting market.

Market Definition

Smart lighting systems combine automation technologies with connectivity features and intelligent control aspects to deliver enhanced efficiency and improved experience paired with convenience. The system contains LED luminaires, sensors, and wire-based or wireless communication systems to allow remote monitoring and scheduling adjustments based on occupancy status, daylight exposure, and user settings. Users can operate smart lighting systems through mobile applications, voice commands, and centralized automation networks which enable full control of brightness adjustments, color temperature settings, and hue transformation features. These devices play an essential role in residential, commercial, and industrial sectors, helping to reduce energy consumption while aiding sustainability efforts.

Key Stakeholders

Raw material and component suppliers
Communication network providers
Smart lighting device manufacturers
Original equipment manufacturers
Semiconductor component suppliers
Analysts and strategic business planners
Venture capitalists and start-ups
Research laboratories and intellectual property (IP) companies
Technology standards organizations, forums, alliances, and associations
Hardware vendors
Software integrators
Smart lighting solutions-related service providers
End users
Government bodies such as regulatory authorities and policymakers

Report Objectives

To define, estimate, and forecast the smart lighting market based on hardware, software, and services offerings, wired and wireless communication technologies, indoor and outdoor applications, online and offline sales distribution channels, and new and retrofit installation types
To estimate and project the market size, in terms of value, for various segments with respect to four regions: Americas, Europe, Asia Pacific, and the Rest of the World (ROW)
To describe and forecast the smart lighting market size, in terms of volume, by hardware offering
To provide detailed insights regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
To analyse emerging applications and standards in the smart lighting market
To examine manufacturers of smart lighting products, their strategies, production plans, and the overall supply chain, including material and component suppliers
To strategically analyse the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
To analyse the market opportunities for stakeholders, and provide a comprehensive competitive landscape analysis
To provide a detailed overview of the smart lighting value chain and ecosystem
To provide a detailed overview of impact of AI/Gen AI on smart lighting market
To provide information about the key technology trends, trade analysis, and patents related to the smart lighting market
To benchmark the market players using the proprietary company evaluation matrix framework, which analyses them on various parameters within the broad categories of market ranking/share and product portfolio
To analyse competitive developments, such as partnership, acquisitions, agreements, collaborations, and product launches
To strategically profile key players and analyse their market share, ranking, and core competencies

This research report categorizes the smart lighting market based on offering, communication technology, installation type, distribution channel, end-use application, and region.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Detailed analysis and profiling of additional market players based on various blocks of the supply chain

European Smart Lighting Market