Smart Lighting Market

Smart Lighting Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Installation Type (New Installations and Retrofit Installations), End Use Application, Communication Technology, and Geography - Global Forecast to 2026

Report Code: SE 2506 Jul, 2021, by marketsandmarkets.com

[287 Pages Report] The smart lighting market is projected to reach USD 27.7 billion by 2026 from USD 10.9 billion in 2021; it is expected to grow at a CAGR of 20.5% from 2021 to 2026. Europe has the largest market share for smart lighting. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models as well as new constructions in the developing cities of the region, the smart lighting market is exhibiting an upbeat outlook. The booming commercial and industrial sectors would further fuel the adoption of smart lightings in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the smart lighting market in the region. The most significant factor driving the growth of this market is the requirement of energy-efficient connected lighting controls and ongoing and upcoming smart city projects in developing economies. This requirement is attributed to the increased awareness toward reducing energy consumption. The advent of integrated lighting control systems, upcoming smart city projects in developing economies, increasing adoption and decreasing cost of LEDs, integration of lighting solutions with smart devices, and growing awareness about energy savings among consumers and governments worldwide are the major factors contributing to the growth of the smart lighting market. On the other hand, factors such as the high initial cost of deployment, and security and reliability issues of smart with IoT-based lighting systems are restraining the growth of the smart lighting market. Growing smart office and smart retail trends, geographical opportunities in APAC and RoW regions, development of human-centric lighting solutions, growing demand for PoE-based lighting solutions in commercial and healthcare applications, the rapid transition from traditional lighting to connected lighting, and the growing inclination toward energy-efficient lighting solutions are the major opportunities for the smart lighting market.

Smart Lighting Market

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Market Dynamics:

Driver: Ongoing and upcoming smart city projects in developing economies

Various smart city projects are going on worldwide, presenting a huge opportunity for technology companies, technology service providers, utility providers, and consulting companies. The concept of smart cities is becoming synonymous with smart lighting. The main objective of smart city infrastructure is to use electricity more efficiently. Smart cities are being seen as the driving factors for sustainable economic growth in a country; the growth of cities is strongly attributed to rapid urbanization. There is a growing trend of the transformation of cities into smart cities. Energy efficiency, sustainability of resources, and advancements in digital technologies have led to the rise of the smart cities concept. The smart lighting application is expected to play a significant role in achieving sustainability and energy savings. The opportunities for lighting solutions in smart cities are huge.

The high need for public safety and communication infrastructure development and citizen empowerment and engagement as well as the increased adoption rate of advanced technologies are some of the major factors that are driving the smart city market. Other than this, the growing environmental concerns and the increasing demand for the latest technologies, such as IoT, data analytics, and 5G, are increasing the number of opportunities for smart cities.

Restraint: High initial costs of smart equipment and accessories

Though smart lighting systems are energy-efficient lighting solutions that can save costs in the long run, the initial cost is high due to the cost of the equipment and the cost of integration and installation services. Smart lighting systems comprise various hardware components such as dimmers, switches, sensors, control systems, and software. Hence, the installation cost of smart lighting is higher than that of conventional lighting systems. This is primarily due to the requirement for highly expensive software, control systems, and LED light sources for smart lighting solutions. This factor hampers the adoption of smart lighting control systems. However, factors such as the falling prices of LEDs and energy savings by installing energy-efficient lighting control systems are expected to minimize the impact of this restraint in the near future.

Opportunity: Growing smart office and smart retail trends

Increasing use of energy is resulting in rising levels of energy dissipation and carbon emissions. This is likely to increase the demand for energy-efficient lighting solutions, thereby driving the smart lighting system market growth. Streetlights and lighting in commercial buildings consume substantial energy. Therefore, energy-efficient lighting solutions would play a pivotal role in commercial spaces such as offices, shopping malls, etc. where even an increment/decrement of 1–2% can lead to profit/loss of millions of dollars annually. Hence, smart lighting control solutions are deployed to decrease the expenditure on electricity bills.

Organizations are embracing digital disruptions to stay relevant and profitable and attract talent. Owners and operators of commercial facilities are becoming increasingly interested in smart lighting for energy management and enhanced performance. Smart lighting systems enable the installers to power, control, and manage the lighting system throughout a facility. Enterprises are also increasingly inclining toward converging separate systems into a single, secure network infrastructure to enhance flexibility, efficiency, and performance; this increases the opportunities for the smart lighting market. The growing trends of remote workplaces and smart retail are resulting in the deployment of smart lighting. The increasing adoption of smart and automated systems by commercial enterprises is thus expected to boost the smart lighting market.

Challenge: Disruption in smart lighting supply chain due to Covid-19

The COVID-19 pandemic has had a heavy impact across industries and businesses. Since the outbreak began in China in 2020, major disruptions have created ripple effects in economies worldwide. The impact of COVID-19 on the smart lighting market will have a long-lasting effect. Like much of the manufacturing sector, smart lighting manufacturers also depend on China for a significant percentage of the components used. The lockdowns imposed across the world disrupted the production of LED and other components, resulting in a profound impact on the smart lighting industry supply chain. Without the necessary components, production came to a complete stop in many regions such as North America and Europe. Osram experienced major issues during early 2020, in its lighting business, due to complete lockdown in most countries, including China, which is one of the major exporters of LED and lighting components. However, the situation improved in the second half of 2020, as supplier companies started operating with limited capacity.

In applications, the indoor segment is projected to hold the largest share of the smart lighting market

The indoor segment accounted for the largest share of the smart lighting market in 2020. Growing affordability and higher efficiencies are driving the use of smart lighting in commercial, industrial, and residential buildings. The dominance is attributed to the growing consumer awareness about smart lighting and the adoption of energy-efficient products in the smart lighting market. However, the high implementation cost of these solutions is one of the major factors inhibiting the growth of the market in the residential segment. APAC accounts for a large share of global construction investments, in which a significant portion is invested in the lighting industry, especially for the indoor segment. This factor is expected to drive the smart lighting market for indoor end-use application in APAC at the highest CAGR during the forecast period.

The lights and luminaires segment, in market by hardware, of the smart lighting market is projected to hold a larger share during the forecast period

The market for lights and luminaires accounted for a larger share of in 2020. Improved smart standards coupled with the growing demand for high input-powered devices for lighting are driving the said market. OEMs are coming up with integrated solutions in luminaires, which require more input power. Lights and luminaires broadly include smart bulbs, lamps, and luminaires such as fluorescent lights, light-emitting diodes (LEDs), and high-intensity discharge lamps (HIDs). The performance and characteristics of the light source used in lamps depend on the lighting task being performed. Choosing the right lamp type helps save energy to a great extent. Smart LED luminaires are cost-effective and offer a high return on investment. They reduce installation costs and are safer since conduits and metal cladding are not required. The benefits provided by smart technology make LED lighting systems a very attractive option for property owners. LED lighting is one of the mainstream technologies offering competitive cost and energy efficiency benefits.

Smart Lighting Market by Region

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The smart lighting market in APAC is projected to have the highest CARG during the forecast period (2021-2026)

The smart lighting market in APAC comprises China, Japan, Australia, India, and the Rest of APAC, which primarily includes South Korea, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladeshand the Philippines. It is expected to be the fastest-growing market for smart lighting during the forecast period. The smart lighting market has enormous growth potential in this region, as connected lighting systems are rapidly being adopted in various applications, especially in smart offices/workspaces. Increasing construction activities in Asia Pacific are contributing significantly to the growth of the smart lighting market in the region. There are several new opportunities for energy-efficient lighting and advanced lighting systems in the next few years as ~200 million homes, and 18 million homes are expected to be constructed in China and India, respectively. The increasing number of smart city and smart infrastructure projects undertaken by the governments will create several opportunities for energy-efficient lighting and advanced lighting systems in the next few years. In addition, government initiatives for offering low-cost LED lights at subsidized prices are expected to contribute majorly to the accelerated growth of the Asia Pacific smart lighting market.

China is expected to lead the smart lighting market in APAC owing to the availability of cost-effective land for setting up manufacturing plants as well as for new constructions of commercial spaces, presence of multiple lighting manufacturers, and continuing growth in commercial and industrial buildings as well as smart offices. The country has expertise in manufacturing lighting equipment and adopts technologies at a faster rate than other nations in the region. Rapid economic growth in China, India, Japan, and the Rest of APAC is expected to propel the APAC smart lighting market in the coming years.

Key Players of Smart lighting Market:

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), and GE Current (US). Other players operating in the smart lighting market include 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), ABB (Switzerland), Savant Systems Inc. (GE Lighting) (US), and Enlighted Inc (a Siemens company).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD Million )

Segments Covered

Installation Type, Offering, End Use Application, Communication Technology and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East, Africa, and South America

Companies Covered

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

In this report, the smart lighting market has been segmented into the following categories:

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
  • Europe
  • APAC
  • RoW

Recent Developments

  1. In March 2021, Hubbell Control Solutions announced the launch of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure, providing an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.
  2. In March 2021, Hubbell Lighting announced its partnership with LightAZ, a luminaire manufacturing company with headquarters in Illinois, US.
  3. In March 2021, Leviton announced a new line of Decora Motion Sensors designed to provide users optimal management of lighting and motor loads with enhanced detection functionality for accurate switching.
  4. In January 2021, Osram Licht launched the second generation of its PrevaLED COIN COB range. The new PrevaLED COIN 50 and 111 COB G2 seamlessly complement the product range.
  5. In August 2020, Signify announced the expansion of its smart lighting system that works with the WiZ connected ecosystem in the US. The WiZ portfolio now includes smart bulbs in a wider variety of shapes and sizes, an integrated downlight, light strips and accessories that put the user in complete control of the lighting.
  6. In October 2019, Signify announced the acquisition of Cooper Lighting, a leading provider of professional lighting, lighting controls, and connected lighting.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 GENERAL INCLUSIONS & EXCLUSIONS
           1.2.2 INCLUSIONS AND EXCLUSIONS AT THE OFFERING LEVEL
           1.2.3 INCLUSIONS AND EXCLUSIONS AT THE END-USE APPLICATION LEVEL
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 SMART LIGHTING MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC ANALYSIS
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
          FIGURE 2 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 Key data from primary sources
                    2.1.2.2 Key participants in primary processes across the value chain of the smart lighting market
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY MARKET PLAYERS IN THE SMART LIGHTING MARKET
          FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN THE SMART LIGHTING MARKET
          FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF THE SMART LIGHTING MARKET, BY END-USE APPLICATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing the market size through the bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing the market size through the top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET SHARE ESTIMATION
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.5 RISK ASSESSMENT
           TABLE 1 RISK FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.6.1 ASSUMPTIONS
           2.6.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 53)
    FIGURE 9 COMPARISON OF SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET
    TABLE 2 COMPARISON TABLE FOR SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET, 2017–2026  (USD MILLION)
    3.1 SCENARIO ANALYSIS
           3.1.1 REALISTIC SCENARIO (POST-COVID-19)
           3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
           3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
                    FIGURE 10 SERVICES SEGMENT TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026
                    FIGURE 11 LIGHT CONTROLS SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
                    FIGURE 12 INDOOR SEGMENT TO REGISTER A HIGHER CAGR DURING THE  FORECAST PERIOD
                    FIGURE 13 SMART LIGHTING MARKET IN APAC TO EXHIBIT THE HIGHEST CAGR FROM  2021 TO 2026

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 BRIEF OVERVIEW OF THE SMART LIGHTING MARKET
          FIGURE 14 GROWING ADOPTION OF SMART LIGHTING IN THE COMMERCIAL SEGMENT TO SUPPORT MARKET GROWTH
    4.2 SMART LIGHTING MARKET IN APAC, BY OFFERING AND COUNTRY
          FIGURE 15 HARDWARE SEGMENT AND CHINA TO ACCOUNT FOR THE LARGEST SHARES OF THE SMART LIGHTING MARKET IN APAC IN 2026
    4.3 SMART LIGHTING MARKET, BY COUNTRY
          FIGURE 16 SMART LIGHTING MARKET IN CHINA TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 17 SMART LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Ongoing and upcoming smart city projects in developing economies
                    5.2.1.2 Improved acceptance of standard protocols for lighting control systems
                    5.2.1.3 Introduction of new features such as data analytics and API event generation
                    5.2.1.4 Rising demand for IoT-enabled lighting fixtures and smart lighting solutions
                                FIGURE 18 RISING DEMAND FOR SMART LIGHTING SOLUTIONS
                    5.2.1.5 Increasing use of LED lights and luminaires in outdoor lighting
                                FIGURE 19 SMART LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial costs of smart lighting equipment and accessories
                                TABLE 3 INDICATIVE PRICES OF SMART LIGHTING EQUIPMENT
                    5.2.2.2 Security and reliability issues with IoT-based lighting systems
                                FIGURE 20 SMART LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing smart office and smart retail trends
                    5.2.3.2 Geographical opportunities in APAC and RoW regions
                    5.2.3.3 Development of human-centric lighting solutions
                    5.2.3.4 Growing demand for PoE-based lighting solutions in commercial and healthcare applications
                    5.2.3.5 Rapid transition from traditional lighting to connected lighting solutions
                                FIGURE 21 SMART LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
           5.2.4 CHALLENGES
                    5.2.4.1 Disruption in the smart lighting supply chain due to COVID-19
                    5.2.4.2 Interoperability issues between different network components
                               FIGURE 22 SMART LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
    5.3 VALUE CHAIN ANALYSIS
          FIGURE 23 VALUE CHAIN ANALYSIS: SMART LIGHTING MARKET
    5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART LIGHTING MARKET PLAYERS
          FIGURE 24 REVENUE SHIFT IN THE SMART LIGHTING MARKET
    5.5 MARKET MAP/MARKET ECOSYSTEM
          TABLE 4 SMART LIGHTING MARKET: ECOSYSTEM
          FIGURE 25 KEY PLAYERS IN THE SMART LIGHTING MARKET
   (Page No. - )
    5.6 KEY TECHNOLOGY TRENDS
          FIGURE 26 SMART LIGHTING MARKET: LEADING TRENDS AMONG KEY MARKET PLAYERS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 POE LIGHTING AND WI-FI LIGHTING TECHNOLOGY
                    TABLE 5 COMPARISON OF POE LIGHTING AND WIRELESS LIGHTING TECHNOLOGY
    5.8 PRICE TREND ANALYSIS
          TABLE 6 INDICATIVE PRICES OF SMART SWITCHES, DIMMERS, AND CONTROLLERS
    5.9 AVERAGE SELLING PRICE TREND
          FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR SMART DIMMERS
    5.10 CASE STUDY ANALYSIS
           5.10.1 SMART LIGHTING IN OFFICES
                     TABLE 7 CREE LED LIGHTING AND CREE SMARTCAST TECHNOLOGY IN AVID SOLUTIONS OFFICES
           5.10.2 SMART LIGHTING IN OFFICE SPACES
                     TABLE 8 OSRAM’S HUBSENSE EFFORTLESSLY TURNS AN EXISTING INSTALLATION INTO AN INTELLIGENT NEW LIGHT MANAGEMENT SYSTEM IN OFFICES
           5.10.3 SMART LIGHTING FOR STATE-OF-THE-ART ARENA
                     TABLE 9 OSRAM’S DAYLIGHT-DEPENDENT CONTROL AND HUMAN-CENTRIC LIGHTING CREATED PERFECT TRAINING CONDITIONS IN AN INDOOR GYM
           5.10.4 SMART LIGHTING FOR A LEARNING ENVIRONMENT
                     TABLE 10 SMART AND PERSONALIZED LEARNING ENVIRONMENT WITH PHILIPS  CONNECTED LIGHTING
    5.11 PATENT ANALYSIS
           5.11.1 DOCUMENT TYPE
                     TABLE 11 PATENTS FILED
                     FIGURE 28 PATENTS FILED FROM 2011 TO 2020
           5.11.2 PUBLICATION TREND
                     FIGURE 29 NO. OF PATENTS FILED EACH YEAR FROM 2011 TO 2020
           5.11.3 JURISDICTION ANALYSIS
                     FIGURE 30 JURISDICTION ANALYSIS
           5.11.4 TOP PATENT OWNERS
                     FIGURE 31 TOP 10 COMPANIES IN TERMS OF PATENT APPLICATIONS FROM 2011 TO 2020
                     TABLE 12 TOP 20 PATENT OWNERS IN THE LAST 10 YEARS
    5.12 TRADE ANALYSIS
            FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 9405, 2016–2020
            TABLE 13 EXPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY,  2016–2020 (USD THOUSAND)
            FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER  bottom-up analysis HS CODE: 9405, 2016–2020
            TABLE 14 IMPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
    5.13 PORTER’S FIVE FORCES ANALYSIS
            FIGURE 34 PORTER’S FIVE FORCES ANALYSIS
            TABLE 15 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT
           5.13.1 THREAT OF NEW ENTRANTS
                     FIGURE 35 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
                     FIGURE 36 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF SUPPLIERS
                     FIGURE 37 BARGAINING POWER OF SUPPLIERS
           5.13.4 BARGAINING POWER OF BUYERS
                     FIGURE 38 BARGAINING POWER OF BUYERS
           5.13.5 DEGREE OF COMPETITIVE RIVALRY
                     FIGURE 39 COMPETITIVE RIVALRY
    5.14 REGULATORY LANDSCAPE
            TABLE 16 REGULATIONS: LIGHTING ECOSYSTEM

6 SMART LIGHTING MARKET, BY INSTALLATION TYPE (Page No. - 93)
    6.1 INTRODUCTION
          FIGURE 40 SMART LIGHTING MARKET, BY INSTALLATION TYPE
          FIGURE 41 NEW INSTALLATIONS TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
          TABLE 17 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
          TABLE 18 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
    6.2 NEW INSTALLATIONS
           6.2.1 NEW INSTALLATIONS EXPECTED TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
                    TABLE 19 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)
    6.3 RETROFIT INSTALLATIONS
           6.3.1 RETROFIT SMART LIGHTING MARKET TO WITNESS THE FASTEST GROWTH IN APAC DURING THE FORECAST PERIOD
                    TABLE 21 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 22 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION,  2021–2026 (USD MILLION)

7 SMART LIGHTING MARKET, BY OFFERING (Page No. - 98)
    7.1 INTRODUCTION
          FIGURE 42 SMART LIGHTING MARKET SEGMENTATION, BY OFFERING
          FIGURE 43 SERVICES SEGMENT TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
          TABLE 23 SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
          TABLE 24 SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    7.2 HARDWARE
           7.2.1 LIGHTS & LUMINAIRES TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
                    TABLE 25 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 26 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 27 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 28 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY,  2021–2026 (USD MILLION)
                    TABLE 29 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 30 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 31 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 32 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 33 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 34 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 44 LIGHTS & LUMINAIRES SEGMENT TO ACCOUNT FOR A LARGER SHARE DURING THE FORECAST PERIOD
                    TABLE 35 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
                    TABLE 36 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
                    TABLE 37 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (THOUSAND UNITS)
                    TABLE 38 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (THOUSAND UNITS)
           7.2.2 LIGHTS AND LUMINAIRES
                    7.2.2.1 Lights & luminaires are some of the most important components of smart lighting solutions
                    7.2.2.2 Smart Bulbs
                    7.2.2.3 Fixtures
           7.2.3 LIGHTING CONTROLS
                    7.2.3.1 Lighting controls are expected to grow at a higher rate during the forecast period
                                TABLE 39 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT,  2017–2020 (USD MILLION)
                                TABLE 40 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT,  2021–2026 (USD MILLION)
                    7.2.3.2 LED Drivers and Ballasts
                    7.2.3.3 Sensors
                    7.2.3.4 Switches
                    7.2.3.5 Dimmers
                               7.2.3.5.1 Wired dimmers
                               7.2.3.5.2 Wireless dimmers
                    7.2.3.6 Relay units
                    7.2.3.7 Gateways
    7.3 SOFTWARE
           7.3.1 APAC IS EXPECTED TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 41 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 42 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 43 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 44 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY,  2021–2026 (USD MILLION)
                    TABLE 45 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 46 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 47 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 48 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 49 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 50 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
                    7.3.1.1 Local/Web-based software
                    7.3.1.2 Cloud-based software
    7.4 SERVICES
           7.4.1 POST-INSTALLATION SERVICES MARKET TO EXHIBIT HIGH GROWTH DURING THE FORECAST PERIOD
                    TABLE 51 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 53 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 54 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY,  2021–2026 (USD MILLION)
                    TABLE 55 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 56 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 57 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 58 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 59 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 60 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 61 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2017–2020 (USD MILLION)
                    TABLE 62 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2021–2026 (USD MILLION)
                    7.4.1.1 Pre-installation services
                    7.4.1.2 Post-installation services

8 SMART LIGHTING MARKET, BY END-USE APPLICATION (Page No. - 119)
    8.1 INTRODUCTION
           FIGURE 45 SMART LIGHTING MARKET SEGMENTATION, BY END-USE APPLICATION
           FIGURE 46 INDOOR APPLICATION TO HOLD A LARGER MARKET SHARE IN 2026
           TABLE 63 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
           TABLE 64 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
    8.2 INDOOR
           8.2.1 RESIDENTIAL APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 121
                    FIGURE 47 COMMERCIAL INDOOR APPLICATION TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD 121
                    TABLE 65 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 66 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 67 INDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 68 INDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
           8.2.2 COMMERCIAL
                    8.2.2.1 Retail
                    8.2.2.2 Hospitality
                    8.2.2.3 Office Lighting
           8.2.3 INDUSTRIAL
           8.2.4 RESIDENTIAL
           8.2.5 OTHERS
    8.3 OUTDOOR
           8.3.1 HIGHWAYS & ROADWAYS TO ACCOUNT FOR A MAJOR SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD
                    FIGURE 48 HIGHWAYS & ROADWAYS LIGHTING TO HOLD THE LARGEST SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD 127
                    TABLE 69 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 70 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 71 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 72 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
           8.3.2 HIGHWAYS & ROADWAYS LIGHTING
                    8.3.2.1 Architectural lighting
                    8.3.2.2 Lighting for public places

9 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 130)
    9.1 INTRODUCTION
           FIGURE 49 SMART LIGHTING MARKET SEGMENTATION, BY COMMUNICATION TECHNOLOGY
           FIGURE 50 WIRED COMMUNICATION TECHNOLOGY TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
           TABLE 73 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
           TABLE 74 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
    9.2 WIRED
           9.2.1 POE PROTOCOL TO EXHIBIT THE FASTEST GROWTH IN THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
                    FIGURE 51 DALI PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING  THE FORECAST PERIOD
                    TABLE 75 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 76 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 77 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 78 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
           9.2.2 DALI
           9.2.3 POWER OVER ETHERNET (POE)
                    FIGURE 52 TIMELINE OF POE-RELATED IEEE STANDARDS
                    TABLE 79 OVERVIEW OF POE PROTOCOLS
           9.2.4 POWER LINE COMMUNICATIONS (PLC)
           9.2.5 WIRED HYBRID PROTOCOLS
    9.3 WIRELESS
           9.3.1 ZIGBEE EXPECTED TO DOMINATE THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
                    FIGURE 53 ZIGBEE PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
                    TABLE 80 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 81 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 82 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 83 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
           9.3.2 ZIGBEE
           9.3.3 WI-FI
           9.3.4 BLE
           9.3.5 ENOCEAN
           9.3.6 6LOWPAN
           9.3.7 WIRELESS HYBRID PROTOCOLS

10 SMART LIGHTING MARKET, BY GEOGRAPHIC ANALYSIS (Page No. - 143)
     10.1 INTRODUCTION
            FIGURE 54 MARKET SEGMENTATION, BY GEOGRAPHY
            FIGURE 55 SMART LIGHTING MARKET IN APAC TO GROW AT THE HIGHEST CAGR 
            FROM 2021 TO 2026 144
            TABLE 84 SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
            TABLE 85 SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
            FIGURE 56 SMART LIGHTING MARKET IN NORTH AMERICA
            FIGURE 57 SMART LIGHTING MARKET SNAPSHOT: NORTH AMERICA
             TABLE 86 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 87 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 88 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
             TABLE 89 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
             TABLE 90 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 91 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 92 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
             TABLE 93 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
             TABLE 94 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2017–2020 (USD MILLION)
             TABLE 95 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2026 (USD MILLION)
             TABLE 96 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION,  2017–2020 (USD MILLION)
             TABLE 97 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION,  2021–2026 (USD MILLION)
             TABLE 98 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
             TABLE 99 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
             TABLE 100 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,  2017–2020 (USD MILLION)
             TABLE 101 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 US accounted for the largest market share in North America
                                      TABLE 102 US: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 103 US: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Rising technological awareness about applications and benefits offered by smart lighting to drive growth
                                      TABLE 104 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 105 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.2.3 MEXICO
                        10.2.3.1 Emerging technologies to boost the demand for smart lighting
                                      TABLE 106 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 107 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     10.3 EUROPE
             FIGURE 58 SMART LIGHTING MARKET IN EUROPE
             FIGURE 59 SMART LIGHTING MARKET SNAPSHOT: EUROPE
             TABLE 108 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 109 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 110 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
             TABLE 111 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
             TABLE 112 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 113 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 114 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
             TABLE 115 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
             TABLE 116 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2017–2020 (USD MILLION)
             TABLE 117 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2026 (USD MILLION)
             TABLE 118 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
             TABLE 119 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
             TABLE 120 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 121 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 122 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 123 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Germany dominates the European smart lighting market
                                      TABLE 124 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 125 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.3.2 FRANCE
                        10.3.2.1 Hardware segment of the smart lighting market to hold a major share in France during the forecast period
                                      TABLE 126 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 127 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.3.3 UK
                        10.3.3.1 Increased demand for green energy lighting solutions to drive the smart lighting market
                                      TABLE 128 UK: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 129 UK: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.3.4 ITALY
                        10.3.4.1 Services segment to grow at the highest rate during the forecast period 164
                                      TABLE 130 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 131 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.3.5 SPAIN
                        10.3.5.1 Government regulations for reducing emissions drive the adoption of smart lighting systems in Spain
                                      TABLE 132 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 133 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.3.6 REST OF EUROPE
                        TABLE 134 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                        TABLE 135 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     10.4 APAC
             FIGURE 60 SMART LIGHTING MARKET IN APAC
             FIGURE 61 SMART LIGHTING MARKET SNAPSHOT: APAC
             TABLE 136 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 137 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 138 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
             TABLE 139 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
             TABLE 140 APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 141 APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 142 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
             TABLE 143 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
             TABLE 144 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2017–2020 (USD MILLION)
             TABLE 145 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2026 (USD MILLION)
             TABLE 146 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
             TABLE 147 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
             TABLE 148 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 149 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 150 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 151 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 China held the largest share of the smart lighting market in APAC in 2020
                                      TABLE 152 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 153 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.4.2 JAPAN
                        10.4.2.1 Japan’s top-notch infrastructural setup to boost the market growth
                                      TABLE 154 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 155 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.4.3 INDIA
                        10.4.3.1 Government initiatives to boost the market growth
                                      TABLE 156 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 157 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.4.4 AUSTRALIA
                        10.4.4.1 Hardware market in Australia to dominate the smart lighting market during the forecast period
                                      TABLE 158 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 159 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.4.5 REST OF APAC
                                      TABLE 160 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 161 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
     10.5 ROW
             FIGURE 62 SMART LIGHTING MARKET IN ROW
             FIGURE 63 SNAPSHOT: SMART LIGHTING MARKET IN ROW
             TABLE 162 ROW: SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 163 ROW: SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
             TABLE 164 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
             TABLE 165 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
             TABLE 166 ROW: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
             TABLE 167 ROW: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             TABLE 168 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
             TABLE 169 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
             TABLE 170 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2017–2020 (USD MILLION)
             TABLE 171 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2026 (USD MILLION)
             TABLE 172 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
             TABLE 173 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
             TABLE 174 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 175 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 176 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 177 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 Increasing focus of municipalities and utilities on energy efficiency and cost-saving systems to drive the market
                                      TABLE 178 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 179 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 Middle East & Africa to witness high adoption of smart lighting
                                      TABLE 180 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
                                      TABLE 181 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 184)
     11.1 OVERVIEW
             FIGURE 64 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN THE SMART LIGHTING MARKET FROM 2018 TO 2021
     11.2 MARKET SHARE AND RANKING ANALYSIS
             FIGURE 65 SMART LIGHTING MARKET: MARKET SHARE ANALYSIS
             TABLE 182 SMART LIGHTING MARKET: DEGREE OF COMPETITION
             TABLE 183 SMART LIGHTING MARKET RANKING ANALYSIS
     11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 66 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS
     11.4 COMPANY EVALUATION QUADRANT, 2020
             FIGURE 67 SMART LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
             11.4.1 STAR
             11.4.2 PERVASIVE
             11.4.3 EMERGING LEADER
             11.4.4 PARTICIPANT
     11.5 COMPETITIVE BENCHMARKING
             TABLE 184 APPLICATION FOOTPRINT (25 COMPANIES)
             TABLE 185 REGIONAL FOOTPRINT (25 COMPANIES)
     11.6 STARTUP/SME EVALUATION MATRIX, 2020
             FIGURE 68 SMART LIGHTING (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
     11.7 COMPETITIVE SCENARIO AND TRENDS
             11.7.1 PRODUCT LAUNCHES
                       TABLE 186 SMART LIGHTING: NEW PRODUCT LAUNCHES, BY COMPANY, JANUARY 2019- APRIL 2021
             11.7.2 DEALS
                       TABLE 187 SMART LIGHTING: DEALS, BY COMPANY, JANUARY 2019-APRIL 2021

12 COMPANY PROFILES (Page No. - 207)
     12.1 INTRODUCTION
     12.2 KEY PLAYERS
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
             12.2.1 SIGNIFY (PHILIPS LIGHTING)
                       TABLE 188 SIGNIFY N.V.: BUSINESS OVERVIEW
                       FIGURE 69 SIGNIFY N.V.: COMPANY SNAPSHOT
             12.2.2 LEGRAND S.A.
                       TABLE 189 LEGRAND: BUSINESS OVERVIEW
                       FIGURE 70 LEGRAND: COMPANY SNAPSHOT
             12.2.3 ACUITY BRANDS INC.
                       TABLE 190 ACUITY BRANDS INC.: BUSINESS OVERVIEW
                       FIGURE 71 ACUITY BRANDS INC.: COMPANY SNAPSHOT
             12.2.4 OSRAM LICHT AG
                       TABLE 191 OSRAM LICHT AG: BUSINESS OVERVIEW
                       FIGURE 72 OSRAM LICHT AG: COMPANY SNAPSHOT
             12.2.5 HUBBELL INCORPORATED
                       TABLE 192 HUBBELL INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 73 HUBBELL INCORPORATED: COMPANY SNAPSHOT
             12.2.6 LEVITON MANUFACTURING COMPANY, INC.
                       TABLE 193 LEVITON MANUFACTURING COMPANY, INC.: BUSINESS OVERVIEW
             12.2.7 LUTRON ELECTRONICS CO. INC.
                       TABLE 194 LUTRON ELECTRONICS CO. INC.: BUSINESS OVERVIEW
             12.2.8 HONEYWELL INTERNATIONAL INC.
                       TABLE 195 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
                       FIGURE 74 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
             12.2.9 ZUMTOBEL GROUP AG
                       TABLE 196 ZUMTOBEL GROUP AG.: BUSINESS OVERVIEW
                       FIGURE 75 ZUMTOBEL GROUP AG: COMPANY SNAPSHOT
             12.2.10 IDEAL INDUSTRIES (CREE)
                        TABLE 197 IDEAL INDUSTRIES (CREE): BUSINESS OVERVIEW
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     12.3 OTHER KEY PLAYERS
             12.3.1 GE CURRENT
             12.3.2 SAVANT SYSTEMS INC. (GE LIGHTING)
             12.3.3 IKEA SYSTEMS BV
             12.3.4 DIALIGHT PLC
             12.3.5 SCHNEIDER ELECTRIC SE
             12.3.6 ABB
             12.3.7 LIGHTWAVERF PLC
             12.3.8 RAB LIGHTING INC.
             12.3.9 SYNAPSE WIRELESS, INC. (MCWANE, INC.)
             12.3.10 PANASONIC GROUP
             12.3.11 ADESTO TECHNOLOGIES (ECHELON CORPORATION)
             12.3.12 LG ELECTRONICS INC.
             12.3.13 WIPRO ENTERPRISES (P) LIMITED
             12.3.14 SYSKA LED
             12.3.15 ENLIGHTED INC. (A SIEMENS COMPANY)
             12.3.16 HELVAR

13 APPENDIX (Page No. - 280)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 QUESTIONNAIRE FOR THE SMART LIGHTING MARKET
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involves the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the smart lighting market. Primary sources include several industry experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, and technology developers. In-depth interviews have been conducted with key industry participants, subject matter experts (SMEs), C-level executives of key companies operating in the smart lighting market, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess prospects. The following illustrative figure shows the market research methodology applied in making this report on the smart lighting market.

Secondary Research

In the secondary research process, various secondary sources have been utilized for identifying and collecting information for this study. Secondary sources referred to for this research study include annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, smart lighting-related journals, certified publications, and articles from recognized authors; and directories and databases. The global size of the smart lighting market has been obtained from the secondary data made available through paid and unpaid sources. It has also been determined by analysing the product portfolios of the leading companies and rating them based on the quality of their offerings.

Secondary research has been used to gather key information about the industry’s supply chain, the market’s monetary chain, the total number of key players, and market segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both the market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources have been interviewed to obtain the qualitative and quantitative information related to the market across four main regions—APAC, North America, Europe, and RoW (the Middle East, Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and some other related key executives from major companies and organizations operating in the smart lighting market or related markets.

After the completion of market engineering, primary research has been conducted to gather information and verify and validate the critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with key strategies adopted by market players. Most primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Smart Lighting Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used extensively in the market engineering process. Several data triangulation methods have also been used to perform the market forecasting and market estimation for the overall market segments and sub-segments in the report. Multiple qualitative and quantitative analyses have been performed on the market engineering process to gain key insights throughout the report.

Secondary research has been used to identify the key players of the smart lighting market. The revenues of those key players have been determined through both primary and secondary research. The revenues have been identified geographically as well as market segment-wise, using financial statements and analysing annual reports of the key market players. Interviews with CEOs, VPs, directors, and marketing executives were also conducted to gain insights on the key players and the smart lighting market. All the market shares have been estimated using secondary and primary research. This data has been consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Data Triangulation

After arriving at the overall market size from the market size estimation process that is explained above, the total market is then split into several segments and sub segments. Data triangulation procedure has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Study Objectives

  • To define, estimate, and forecast the smart lighting market, in terms of value, segmented 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 estimate and forecast the market size, in terms of value, for various segments across four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the emerging applications/use cases and standards in the smart lighting market
  • To analyze the manufacturers of smart lighting products, their strategies, and new production plans to analyze the smart lighting ecosystem/supply chain, which consists of suppliers of materials and components, and product manufacturers
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the market opportunities for stakeholders and provide details of the competitive landscape of the market
  • To analyze the competitive developments in the smart lighting market, such as collaborations, contracts, partnerships, acquisitions, and product launches and developments
  • To strategically profile the key players and comprehensively analyze their market share analysis and ranking as well as core competencies2

Report Scope

The report covers the demand and supply side segmentation of the smart lighting market. The supply-side market segmentation includes installation type, offering, and communication technology whereas the demand-side market segmentation includes end use application and region. The following figure represents an overview of the micro-markets covered in the report.

Smart Lighting Market Size, and Share

The following are the years considered:

Smart Lighting Market Size, and Share

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 smart lighting market for North America, Europe, APAC, and RoW

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Smart Lighting Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Lighting Market

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Report Code
SE 2506
Published ON
Jul, 2021
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