Smart Lighting Market by Offering (Hardware: Lights & Luminaires, Lighting Controls; Software, and Services), Communication Technology (Wired and Wireless), Installation Type, End-use Application, and Geography - Global Forecast to 2025
Smart Lighting Market
Global Smart Lighting Market is expected to grow at a CAGR of 18.0%.
Smart Lighting Market and Top Companies
The smart lighting market is a highly competitive market, with many global and regional players operating in it.
Some of the leading players are listed below:
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Signify (Philips Lighting) (Netherlands),
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Legrand S.A. (France),
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Acuity Brands, Inc. (US),
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Eaton Corporation (Ireland),
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General Electric Company (US).
Other key players operating in the smart lighting market include:
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OSRAM Licht (Germany),
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Leviton Manufacturing Company, Inc. (US),
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Lutron Electronics (US),
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Zumtobel Group (Austria),
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Honeywell International Inc. (US),
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Hubbell Incorporated (US),
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Dialight PLC (UK),
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Helvar (Finland),
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Ideal Industries, Inc (Cree Lighting) (US),
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Adesto Technologies (Echelon Corporation) (US),
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Panasonic (Japan), a
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Enlighted Inc. (a Siemens company) (US).
Signify
Signify Holding (Philips Lighting N.V.) (Netherlands) is an industry leader in the lighting market. The company’s market experience and brand name allow it to capitalize on the fundamental market dynamics in the lighting industry and deliver innovative solutions that create value and ensure its growth. The company has a huge advantage over its competitors in smart lighting market, due to is its extensive product portfolio, with lighting systems compatible with various connecting technologies ranging from DALI, KNX, and BACnet to ZigBee and EnOcean. The company aims to further invest in connected lighting systems to win contracts related to the supply of connected lighting systems and other lighting control equipment. It also adopts the strategy of acquisition. For instance, in October 2019, Signify acquired Cooper Lighting Solutions from Eaton. This acquisition would strengthen its position in the North American lighting market.
Legrand
Legrand S.A. (France) is a global specialist in electrical and digital building infrastructures. The company has a strong product portfolio pertaining to the smart lighting market. This enables the company to maintain its leading position in this market. Legrand focuses on growth strategies such as acquisitions, partnerships, and product launches. For instance, in May 2019, the company launched wireless DLM systems, which were designed for easy installation, which in turn save cost and time; and thereby, benefit engineers, electrical contractors, and facility managers needing reliable, code-compliant lighting controls. Moreover, in December 2018, the company acquired Kenall, a leading manufacturer of innovative, energy-efficient, and sustainable specification-grade lighting and control solutions.
Acuity Brands
Acuity Brands, Inc (US) has identified the demand for energy-efficient lighting technologies in the North American market and is aggressively positioning itself to meet this demand. The company offers a wide range of lighting products at multiple price points and for a variety of applications. It is further introducing new or improved versions of its successful products to satisfy the evolving needs of its customers. It has recently undertaken strategic acquisitions and entered into partnerships with other companies to acquire new technologies and further enhance its product offerings.
GE Lighting (GE + Current)
The Energy Connections & Lighting segment includes the GE Lighting business, which is primarily focused on consumer lighting applications in the US and Canada, and Current, powered by GE, which is focused on providing energy efficiency and productivity solutions for commercial, industrial, and municipal customers. The Current business, powered by GE, delivers energy efficiency and productivity solutions for commercial and industrial customers. Current combines infrastructure technologies such as LED with new sensor-enabled data networks and Predix-based digital applications to help its customers reduce energy costs and gain business productivity insights.
Eaton Corporation (Cooper Lighting)
Eaton Corporation offers smart lighting solutions including smart dimmers, sensor-based switches, bridges, and software platforms. The company delivers a range of innovative and reliable indoor and outdoor smart lighting solutions, as well as control products specifically designed to maximize performance, energy efficiency, and cost savings. Eaton’s lighting solutions cater to the commercial, industrial, retail, institutional, residential, utility, and other markets. The company has manufacturing facilities at ~284 locations in 42 countries. In October 2019, Eaton agreed to sale its lighting business to Signify Holding.
Osram
Osram is continuously increasing its focus on the fast-growing market for smart lighting and LED components. By reorganizing its business segments and eliminating underperforming businesses, the company seeks to target business-to-business (B2B) markets where there is scope to earn higher profits. Osram focuses on transforming itself into a high-tech company to target smart visible and invisible lighting technologies for visualization, sensing, and treatment applications. With the acquisition of BAG electronics (a Trilux subsidiary) in March 2018, the company aims to strengthen its portfolio of Digital Systems (DS) business and expand its distribution channels in Germany and Asia.
Smart Lighting Market and Top Applications:
By application, the smart lighting market segmented as below:
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Commercial
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Residential
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Industrial
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Highways and Roadways
Commercial
Commercial end users include offices, retail shops, malls, and hospitality companies, among others. Reducing energy consumption has become a major objective for the owners of these commercial buildings and stakeholders in these projects. Replacing existing lights with more energy-efficient lighting sources, for example, LEDs, is one of the ways to reduce massive energy consumption; however, it is a small-scale solution. On a large scale, energy reduction can be achieved by turning the lights off when not in use, optimizing available light levels to suit workers’ needs, and reducing the overall demand for lighting products. These measures come under smart lighting arrangement, which is the best way to ensure automatic reduction in energy consumed in lighting.
Residential
Smart lighting solutions for residential buildings are expected to have a huge potential in the future. With the advancements in technologies, rising awareness about energy-efficient solutions, and government policies, this application is expected to witness a high growth rate. However, the high installation cost of these products is a major constraint for the indoor application of smart lighting systems. Smart lighting control products are more expensive than conventional lighting control products, which makes it difficult for individual buyers to purchase these products. However, countries with a high per capita income would implement lighting control solutions for residential applications.
Industrial
The industrial indoor application includes lighting in production halls, warehouses, offices, representative rooms, corridors, and outdoor areas. In industrial settings, safety is a primary concern, which can be enhanced using appropriate lighting. Proper lighting and adequate illumination can also contribute to maintaining high worker productivity. Inappropriate lighting setup can lead to excessive lighting/illumination, leading to energy wastage. Industrial end users can save on lighting expenses and conserve energy by implementing controlled lighting using intelligent lighting control systems.
Highways and Roadways
The highways and roadways lighting segment accounts for the highest energy consumption compared with the other outdoor lighting applications. Street and traffic lights are the major end users of light switches and dimmers. There are different types of light sources used for lighting applications in highways and roadways; hence, these light sources need different lighting control systems. Every smart lighting control system project in the streetlights segment requires specific solutions that are suitable for a particular road. Different types of roads, such as streets, main roads, and highways, need different lighting control strategies, leading to a requirement for multiple solutions to ensure maximum energy savings. Scheduling, occupancy, and daylight harvesting are the most prominent light control strategies used in these application areas.
Smart Lighting Market and Top Hardware
Top Hardware Covered in Smart Lighting Market Segmentation are:
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Lights and Luminaires
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LED Drivers & Ballasts
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Sensors
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Switches
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Dimmers
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Gateways
Lights and Luminaires
Lights and luminaires are the top contributing hardware components of smart lighting systems. These components broadly include smart bulbs, lamps, and luminaires. 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. Smart bulbs are usually internet-capable light bulbs, allowing lighting to be customized, scheduled, and controlled remotely with the help of a mobile app or a home/building automation hub. A fixture consists of embedded associated lighting controls that enable these systems to function intelligently.
LED Drivers & Ballasts
LED drivers and ballasts are important components of smart lighting systems. An LED driver is an electrical device that regulates the power supplied to LED bulbs. A rise in internal temperature during LED operations can lead to a rise in current, which, in turn, leads to a further increase in temperature. Failing to limit this loop can lead to the dysfunction of an LED. Prevention of such damage is one of the tasks performed by a driver.
Sensors
Currently, sensors are the most common lighting controls used in across different applications. Common types of sensors are used in lighting control include—occupancy sensors, vacancy sensors, and photosensors. A complete sensor system consists of a motion sensor, an electronic control unit, and a controllable switch/relay. In a lighting control and management system, a sensor is a control device that senses the occupancy of a certain area or space and automatically turns the lights on or off.
Switches
Switches are one of the most common interfaces between a lighting system and an occupant. They are mainly used to operate and control an electric light. A switch can be permanently connected or can be installed on electrical outlets, depending on its application or use. New switches offer a wide range of controls, such as full-range dimming, a delayed fade from on to off, and dimmer switches that remember a range of preset settings.
Dimmers
Dimmers control the brightness, wattage, and output of light lamps and luminaires. The dimming requirements of a lighting source depend on its individual characteristics. Dimmers are used for different purposes and provides more flexibility for users. They save energy and help in extending the lives of the light sources.
Gateways
Gateways are devices that act as interfaces for controllers in different networks using various protocols. Gateways act as protocol translators to ensure system interoperability. A gateway contains devices such as impedance matching devices, fault isolators, rate converters, and protocol translators to provide system interoperability.
[196 Pages Report] The smart lighting market is estimated to grow from USD 13.4 billion in 2020 and projected to reach USD 30.6 billion by 2025, at a CAGR of 18.0%. The major factors driving the growth of the market include 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.
“Lights & luminaires to account for larger share of smart lighting hardware market during forecast period”
The smart lighting hardware market for lights & luminaires is expected to hold the major share during the forecast period, mainly due to the advent of integrated lighting controls with lamps and luminaires. The integration of lighting control products with luminaires enables the embedding of software on microcontrollers, thereby adding intelligence to the entire lighting control system. Such lighting systems offer sensing and control at a spatial resolution, which would drive the demand for smart lights and luminaires during the forecast period.
“PoE protocol to exhibit highest growth in smart lighting market for wired communication technology during forecast period”
The Power over Ethernet (PoE) wired communication technology market is expected to grow at the highest CAGR during the forecast period. The growth of the PoE protocol segment is driven by factors such as increasing penetration and decreasing cost of LEDs, growing adoption of PoE lighting solutions in commercial and healthcare applications, and rising need for cost-effective lighting solutions.
“Outdoor application expected to grow at a higher CAGR in smart lighting market during forecast period”
The smart lighting market for outdoor end-use application is expected to grow at a higher CAGR during the forecast period. This growth is mainly due to the increasing focus on enhancing connectivity by constructing roads and installing smart lights for these roads, especially in the developing countries in the APAC region. This, in turn, would spur the growth of the outdoor market.
Key Market Players
Some of the major players in the smart lighting market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Acuity Brands, Inc. (US), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Lutron Electronics (US), Zumtobel Group (Austria), Honeywell International Inc. (US), Hubbell Incorporated (US), and Leviton Manufacturing Company, Inc. (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), and Enlighted Inc (a Siemens company) (US).
Signify Holding (Netherlands) is an industry leader in the lighting market space. The company’s market experience and brand name allow it to capitalize on the fundamental market dynamics in the lighting industry and deliver innovative solutions that create value and ensure its growth. The company has a huge advantage over its competitors in the smart lighting market due to is its extensive product portfolio, with lighting systems compatible with various connecting technologies ranging from DALI, KNX, and BACnet to ZigBee and EnOcean.
The company aims to further invest in connected lighting systems to win contracts related to the supply of connected lighting systems and other lighting control equipment. It also adopts the strategy of acquisitions. For instance, in October 2019, Signify acquired Cooper Lighting Solutions from Eaton. This acquisition would strengthen its position in the North American lighting market. Also, in April 2019, it acquired WiZ Connected—a developer of the WiZ Wi-Fi-based connected lighting ecosystem. This acquisition will allow Signify to extend its leadership position in the Wi-Fi-based smart lighting market.
Report Scope
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Report Metric |
Details |
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Market size available for years |
2017–2025 |
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Base year considered |
2018 |
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Forecast period |
2020–2025 |
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Forecast units(for market in terms of value) |
USD million, USD billion |
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Segments covered |
Installation type, Offering, end-use application, communication technology and geography |
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Geographies covered |
North America, Europe, APAC, and RoW |
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Companies covered |
Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Acuity Brands, Inc. (US), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Leviton Manufacturing Company, Inc. (US), Lutron Electronics (US), Zumtobel Group (Austria), Honeywell International Inc. (US), Hubbell Incorporated (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), and Enlighted Inc (a Siemens company) (US). |
Smart Lighting Market Segmentation
Market, by Installation Type
- New Installation
- Retrofit
Market, by Offering
- Hardware
- Lights & Luminaires
- Smart bulbs
- Fixtures
- Lighting Controls
- LED drivers & ballasts
- Sensors
- Switches
- Manual on/off switches
- Electronic switches
- Dimmers
- Wired dimmers
- Wireless dimmers
- Relay units
- Gateways
- Software
- Local/Web Based
- Cloud Based
- Services
- Pre-installation Services
- Post-installation Services
- Lights & Luminaires
By End-use Application
- Indoor
- Residential
- Commercial
- Industrial
- Others
- Outdoor
- Highways & Roadways Lighting
- Architectural Lighting
- Lighting for Public Places
By Communication Technology
- Wired
- DALI
- PLC
- POE
- Wired Hybrid Protocols
- Wireless
- ZigBee
- Bluetooth/BLE
- EnOcean
- Wi-Fi
- 6LoWPAN
- Wireless Hybrid Protocols
By Geography
- North America
- Europe
- APAC
- RoW
Note: Lighting controls includes smart switches market, smart light bulb market, and smart dimmer market.
Key Questions Addressed by the Report:
- What are the opportunities for smart lighting system providers?
- How much growth is expected from hardware, software, and services in the market?
- Who are the major competitors in the market at present and in the near future, and what are their growth strategies?
- What are the major end-use applications of smart lighting systems?
- What are the major communication protocols used in smart lighting systems, and what are their impact on the smart lighting market and its growth in the near future?
Frequently Asked Questions (FAQ):
Which are the major applications of smart lighting? How huge is the opportunity for their growth in the next five years?
The major applications includes Indoor, and Outdoor. These are expected to open new revenue pockets for smart lighting market Which will lead to market opportunity of USD 30.6 billion
Which are the major companies in the smart lighting market? What are their major strategies to strengthen their market presence?
The major companies in smart lighting includes Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Acuity Brands, Inc. (US), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany). Signify (Netherlands), is the dominant player in the global smart lighting market. The major strategies adopted by these players are acquisitions, partnerships, and product launches & devleopments.
Which is the potential market for smart lighting in terms of region?
Asia Pacific (APAC) is expected to be the fastest-growing market for smart lighting systems during the forecast period. 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 18 million homes are expected to be constructed in China and India, respectively.
Which are the major opportunities in the smart lighting market?
Growing inclination towards energy efficient lighting solution is the major opportunity in market. Utility operators, and building and industrial energy managers are inclined toward using energy-efficient lighting solutions due to various reasons, such as the increasing price of energy, growing focus on reduction of carbon footprint, and rising demand from customers for energy-efficient lighting products.
Which type of communication technology will be widely used in the smart lighting market?
Wired communication technology is widely used in smart lighting market. Wired communication technologies of the smart lighting market include Digital Addressable Lighting Interface (DALI), Power-line Communication (PLC), Power over Ethernet (PoE), and various wired hybrid protocols that include various company-specific proprietary protocols. Wired communication protocols are preferred where performance and reliability are crucial.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
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
2.1.2.4 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 35)
4 Premium Insights (Page No. - 39)
4.1 Attractive Opportunities for Growth of Smart Lighting Market
4.2 Market, By Offering
4.3 Market, By Communication Technology
4.4 Market, By End-Use Application
4.5 Market, By Installation Type
4.6 Market, By Geography
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Ongoing and Upcoming Smart City Projects in Developing Economies
5.2.1.2 Integration of Lighting Solutions With Smart Devices
5.2.1.3 Government Initiatives and Policies for Energy Savings
5.2.1.4 Growing Acceptance of Standard Protocols for Lighting Control Systems
5.2.1.5 Increasing Use of LED Lights and Luminaires in Outdoor Lighting
5.2.1.6 Advent of Integrated Lighting Control Systems
5.2.2 Restraints
5.2.2.1 High Installation Cost of Smart Lighting
5.2.2.2 Security and Reliability Issues With Iot-Based Lighting Systems
5.2.3 Opportunities
5.2.3.1 Rapid Transition From Traditional Lighting to Connected Lighting Solutions
5.2.3.2 Growing Inclination Toward Energy-Efficient Lighting Solutions
5.2.3.3 Growing Demand for PoE-Based Lighting Solutions in Commercial and Healthcare Applications
5.2.4 Challenges
5.2.4.1 Interoperability Issues Between Different Network Components
6 Industry Trends (Page No. - 51)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Product Development
6.2.2 Raw Material/Input Suppliers
6.2.3 Original Equipment Manufacturers
6.2.4 System Integrators and Service Providers
6.2.5 Distributors and Sales Representatives
6.2.6 Applications
6.3 Key Industry Trends
6.4 Connected Market
6.4.1 Lighting Control System
6.4.1.1 Lighting Control System Market, By Offering
6.4.1.2 Lighting Control System Market, By Application
7 Smart Lighting Market, By Installation Type (Page No. - 58)
7.1 Introduction
7.2 New Installations
7.2.1 New Installations Expected to Dominate Market During the Forecast Period
7.3 Retrofit Installations
7.3.1 Retrofit Installations Segment to Witness Highest Growth in APAC During Forecast Period
8 Smart Lighting Market, By Offering (Page No. - 62)
8.1 Introduction
8.2 Hardware
8.2.1 Lights & Luminaires to Account for Larger Share of Smart Lighting Hardware Market During Forecast Period
8.2.1.1 Lights & Luminaires
8.2.1.1.1 Smart Bulbs
8.2.1.1.2 Fixtures
8.2.1.2 Lighting Controls
8.2.1.2.1 LED Drivers & Ballasts
8.2.1.2.2 Sensors
8.2.1.2.3 Switches
8.2.1.2.3.1 Manual On/Off Switches
8.2.1.2.3.2 Electronic Switches
8.2.1.2.4 Dimmers
8.2.1.2.4.1 Wired Dimmers
8.2.1.2.4.2 Wireless Dimmers
8.2.1.2.5 Relay Units
8.2.1.2.6 Gateways
8.3 Software
8.3.1 Europe to Dominate Smart Lighting Software Market During Forecast Period
8.3.1.1 Local/Web-Based Software
8.3.1.2 Cloud-Based Software
8.4 Services
8.4.1 Post-Installation Services Market to Exhibit Higher Growth During Forecast Period
8.4.1.1 Pre-Installation Services
8.4.1.2 Post-Installation Services
9 Smart Lighting Market, By End-Use Application (Page No. - 76)
9.1 Introduction
9.2 Indoor
9.2.1 Residential Application to Grow at Highest CAGR in Smart Lighting Indoor End-Use Application Market During Forecast Period
9.2.1.1 Residential
9.2.1.2 Commercial
9.2.1.2.1 Retail
9.2.1.2.2 Hospitality
9.2.1.2.3 Office Lighting
9.2.1.3 Industrial
9.2.1.4 Others
9.3 Outdoor
9.3.1 Highways & Roadways to Account for Major Share of Smart Lighting Market During Forecast Period
9.3.1.1 Highways & Roadways Lighting
9.3.1.2 Architectural Lighting
9.3.1.3 Lighting for Public Places
10 Smart Lighting Market, By Communication Technology (Page No. - 88)
10.1 Introduction
10.2 Wired Technology
10.2.1 PoE Protocol to Exhibit Highest Growth in Smart Lighting Market for Wired Communication Technology During Forecast Period
10.2.1.1 DALI
10.2.1.2 Power Over Ethernet (PoE)
10.2.1.3 Power-Line Communication (PLC)
10.2.1.4 Wired Hybrid Protocols
10.3 Wireless
10.3.1 ZigBee Expected to Dominate Smart Lighting Market for Wireless Communication Technology During Forecast Period
10.3.1.1 ZigBee
10.3.1.2 Wi-Fi
10.3.1.3 BLE
10.3.1.4 EnOcean
10.3.1.5 6LoWPAN
10.3.1.6 Wireless Hybrid Protocols
11 Geographic Analysis (Page No. - 99)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 US to Hold Major Share of Smart Lighting Market in North America During Forecast Period
11.2.2 Canada
11.2.2.1 Outdoor Lighting to Drive Market in Canada During Forecast Period
11.2.3 Mexico
11.2.3.1 Government Initiatives to Implement Energy-Efficient Lighting Systems to Drive Market in Mexico
11.3 Europe
11.3.1 UK
11.3.1.1 Demand for Energy-Saving Lighting Solutions for Indoor Application to Drive Market in UK
11.3.2 Germany
11.3.2.1 Germany to Hold Major Share of Smart Lighting Market in Europe in 2019
11.3.3 France
11.3.3.1 Hardware Segment of Market to Hold Major Share in France During Forecast Period
11.3.4 Italy
11.3.4.1 Smart Lighting Services Market to Grow at High CAGR in Italy During Forecast Period
11.3.5 Spain
11.3.5.1 Government Regulations for Reducing Emissions are Driving Adoption of Smart Lighting Systems in Spain
11.3.6 Rest of Europe
11.3.6.1 Rest of Europe to Exhibit Highest Growth in European Market
11.4 APAC
11.4.1 China
11.4.1.1 Increasing Government Expenditure on Public Infrastructure to Drive Smart Lighting Market in China
11.4.2 Japan
11.4.2.1 Indoor Lighting Application to Boost Demand for Smart Lighting Systems in Japan
11.4.3 India
11.4.3.1 Government Support Expected to Drive Lighting Control System Market in India
11.4.4 Australasia
11.4.4.1 Hardware Market in Australasia to Dominate Market During Forecast Period
11.4.5 Rest of APAC
11.4.5.1 Initiatives for Energy Efficiency Labels and Standard Programs to Boost Market Growth in Rest of APAC
11.5 Rest of the World
11.5.1 Middle East & Africa
11.5.1.1 Rapid Growth in Urbanization to Drive Smart Lighting Market in Middle East & Africa
11.5.2 South America
11.5.2.1 Increase in Adoption of Smart Lighting Hardware Devices to Drive Market in South America
12 Competitive Landscape (Page No. - 131)
12.1 Overview
12.2 Market Ranking Analysis, 2019
12.3 Competitive Situations and Trends
12.3.1 Product Launches, Demonstrations, and Developments
12.3.2 Agreements, Partnerships, Collaborations, Contracts, Funding, and Joint Ventures
12.3.3 Mergers & Acquisitions
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Innovators
12.4.3 Dynamic Differentiators
12.4.4 Emerging Companies
13 Company Profiles (Page No. - 138)
13.1 Introduction
13.2 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.2.1 Signify N.V. (Philips Lighting N.V.)
13.2.2 Legrand S.A.
13.2.3 Acuity Brands, Inc.
13.2.4 Eaton Corporation PLC
13.2.5 General Electric Company (Current-Powered By GE)
13.2.6 OSRAM Licht AG
13.2.7 Leviton Manufacturing Company, Inc.
13.2.8 Lutron Electronics Co., Inc.
13.2.9 Honeywell International Inc.
13.2.10 Hubbell Incorporated
13.2.11 Zumtobel Group AG
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13.3 Right to Win
13.4 Other Important Players
13.4.1 Dialight PLC
13.4.2 Schneider Electric SE
13.4.3 ABB
13.4.4 Ideal Industries, Inc. (Cree Lighting)
13.5 Key Innovators
13.5.1 LightwaveRF PLC
13.5.2 Rab Lighting Inc.
13.5.3 Synapse Wireless, Inc. (Mcwane, Inc.)
13.5.4 Panasonic Group
13.5.5 Adesto Technologies (Echelon Corporation)
13.5.6 LG Electronics Inc.
13.6 Emerging Players
13.6.1 Wipro Enterprises (P) Limited
13.6.2 Syska LED
13.6.3 Enlighted Inc. (A Siemens Company)
13.6.4 Helvar
14 Appendix (Page No. - 189)
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (103 Tables)
Table 1 Lighting Control System Market, By Offering, 2016–2024 (USD Million)
Table 2 Lighting Control System Market in North America, By Offering, 2016–2024 (USD Million)
Table 3 Lighting Control System Market in Europe, By Offering, 2016–2024 (USD Million)
Table 4 Lighting Control System Market in APAC, By Offering, 2016–2024 (USD Million)
Table 5 Lighting Control System Market in RoW, By Offering, 2016–2024 (USD Million)
Table 6 Lighting Control System Market, By Application, 2016–2024 (USD Million)
Table 7 Lighting Control System Market for Indoor Application, By Region, 2016–2024 (USD Million)
Table 8 Lighting Control System Market for Indoor Application, By Type, 2015-2024 (USD Million)
Table 9 Lighting Control System Market for Outdoor Application, By Region, 2016–2024 (USD Million)
Table 10 Lighting Control System Market for Outdoor Application, By Type, 2016–2024 (USD Million)
Table 11 Smart Lighting Market, By Installation Type, 2017–2025 (USD Million)
Table 12 Market for New Installations, By Region, 2017–2025 (USD Million)
Table 13 Market for Retrofit Installations, By Region, 2017–2025 (USD Million)
Table 14 Market, By Offering, 2017–2025 (USD Million)
Table 15 Smart Lighting Hardware Market, By Hardware Device, 2017–2025 (USD Million)
Table 16 Smart Lighting Controls Market, By Component, 2017–2025 (USD Million)
Table 17 Smart Lighting Hardware Market, By Region, 2017–2025 (USD Million)
Table 18 Smart Lighting Hardware Market, in North America, By Country, 2017–2025 (USD Million)
Table 19 Smart Lighting Hardware Market, in Europe, By Country, 2017–2025 (USD Million)
Table 20 Smart Lighting Hardware Market, in APAC, By Country, 2017–2025 (USD Million)
Table 21 Smart Lighting Hardware Market, in RoW, By Region, 2017–2025 (USD Million)
Table 22 Smart Lighting Software Market, By Region, 2017–2025 (USD Million)
Table 23 Smart Lighting Software Market in North America, By Country, 2017–2025 (USD Million)
Table 24 Smart Lighting Software Market in Europe, By Country, 2017–2025 (USD Million)
Table 25 Smart Lighting Software Market in APAC, By Country, 2017–2025 (USD Million)
Table 26 Smart Lighting Software Market in RoW, By Region, 2017–2025 (USD Million)
Table 27 Smart Lighting Services Market, By Service Type, 2017–2025 (USD Million)
Table 28 Smart Lighting Services Market, By Region, 2017–2025 (USD Million)
Table 29 Smart Lighting Services Market in North America, By Country, 2017–2025 (USD Million)
Table 30 Smart Lighting Services Market in Europe, By Country, 2017–2025 (USD Million)
Table 31 Smart Lighting Services Market in APAC, By Country, 2017–2025 (USD Million)
Table 32 Smart Lighting Services Market in RoW, By Region, 2017–2025 (USD Million)
Table 33 Smart Lighting Market, By End-Use Application, 2017–2025 (USD Million)
Table 34 Market, By Indoor End-Use Application, 2017–2025 (USD Million)
Table 35 Market for Indoor End-Use Application, By Region, 2017–2025 (USD Million)
Table 36 Market for Residential Application, By Region, 2017–2025 (USD Million)
Table 37 Market for Commercial Application, By Region, 2017–2025 (USD Million)
Table 38 Market for Industrial Application, By Region, 2017–2025 (USD Million)
Table 39 Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 40 Market, By End-Use Outdoor Application, 2017–2025 (USD Million)
Table 41 Market for End-Use Outdoor Application, By Region, 2017–2025 (USD Million)
Table 42 Market for Highways & Roadways Lighting Application, By Region, 2017–2025 (USD Million)
Table 43 Smart Lighting Market for Architectural Lighting Application, By Region, 2017–2025 (USD Million)
Table 44 Market for Lighting for Public Places Application, By Region, 2017–2025 (USD Million)
Table 45 Market, By Communication Technology, 2017–2025 (USD Million)
Table 46 Market for Wired Communication Technology, By Type, 2017–2025 (USD Million)
Table 47 Market for Wired Communication Technology, By Region, 2017–2025 (USD Million)
Table 48 Overview of PoE Protocols
Table 49 Wireless Smart Lighting Protocols
Table 50 Smart Lighting Market for Wireless Communication Technology, By Type, 2017–2025 (USD Million)
Table 51 Market for Wireless Communication Technology, By Region, 2017–2025 (USD Million)
Table 52 Market, By Region, 2017–2025 (USD Million)
Table 53 Market in North America, By Offering, 2017–2025 (USD Million)
Table 54 Smart Lighting Hardware Market in North America, By Devices, 2017–2025 (USD Million)
Table 55 Smart Lighting Market in North America, By End-Use Application, 2017–2025 (USD Million)
Table 56 Market in North America, By Indoor Application, 2017–2025 (USD Million)
Table 57 Market in North America, By Outdoor Application, 2017–2025 (USD Million)
Table 58 Market in North America, By Installation Type, 2017–2025 (USD Million)
Table 59 Market in North America, By Communication Technology, 2017–2025 (USD Million)
Table 60 Market in North America, By Country, 2017–2025 (USD Million)
Table 61 Market in US, By Offering, 2017–2025 (USD Million)
Table 62 Market in Canada, By Offering, 2017–2025 (USD Million)
Table 63 Market in Mexico, By Offering, 2017–2025 (USD Million)
Table 64 Market in Europe, By Offering, 2017–2025 (USD Million)
Table 65 Smart Lighting Hardware Market in Europe, By Devices, 2017–2025 (USD Million)
Table 66 Smart Lighting Market in Europe, By End-Use Application, 2017–2025 (USD Million)
Table 67 Market in Europe, By Indoor Application, 2017–2025 (USD Million)
Table 68 Market in Europe, By Outdoor Application, 2017–2025 (USD Million)
Table 69 Market in Europe, By Installation Type, 2017–2025 (USD Million)
Table 70 Market in Europe, By Communication Technology, 2017–2025 (USD Million)
Table 71 Market in Europe, By Country, 2017–2025 (USD Million)
Table 72 Market in UK, By Offering, 2017–2025 (USD Million)
Table 73 Market in Germany, By Offering, 2017–2025 (USD Million)
Table 74 Market in France, By Offering, 2017–2025 (USD Million)
Table 75 Market in Italy, By Offering, 2017–2025 (USD Million)
Table 76 Market in Spain, By Offering, 2017–2025 (USD Million)
Table 77 Market in Rest of Europe, By Offering, 2017–2025 (USD Million)
Table 78 Smart Lighting Market in APAC, By Offering, 2017–2025 (USD Million)
Table 79 Smart Lighting Hardware Market in APAC, By Devices, 2017–2025 (USD Million)
Table 80 Market in APAC, By End-Use Application, 2017–2025 (USD Million)
Table 81 Market in APAC, By Indoor Application, 2017–2025 (USD Million)
Table 82 Market in APAC, By Outdoor Application, 2017–2025 (USD Million)
Table 83 Market in APAC, By Installation Type, 2017–2025 (USD Million)
Table 84 Market in APAC, By Communication Technology, 2017–2025 (USD Million)
Table 85 Market in APAC, By Country, 2017–2025 (USD Million)
Table 86 Market in China, By Offering, 2017–2025 (USD Million)
Table 87 Market in Japan, By Offering, 2017–2025 (USD Million)
Table 88 Market in India, By Offering, 2017–2025 (USD Million)
Table 89 Market in Australasia, By Offering, 2017–2025 (USD Million)
Table 90 Market in Rest of APAC, By Offering, 2017–2025 (USD Million)
Table 91 Smart Lighting Market in RoW, By Offering, 2017–2025 (USD Million)
Table 92 Smart Lighting Hardware Market in RoW, By Devices, 2017–2025 (USD Million)
Table 93 Market in RoW, By End-Use Application, 2017–2025 (USD Million)
Table 94 Market in RoW, By Indoor Application, 2017–2025 (USD Million)
Table 95 Market in RoW, By Outdoor Application, 2017–2025 (USD Million)
Table 96 Market in RoW, By Installation Type, 2017–2025 (USD Million)
Table 97 Market in RoW, By Communication Technology, 2017–2025 (USD Million)
Table 98 Market in RoW, By Region, 2017–2025 (USD Million)
Table 99 Market in Middle East & Africa, By Offering, 2017–2025 (USD Million)
Table 100 Smart Lighting Market in South America, By Offering, 2017–2025 (USD Million)
Table 101 Product Launches, Demonstrations, and Developments, 2019
Table 102 Agreements, Partnerships, Collaborations, Contracts, Funding, and Joint Ventures, 2019
Table 103 Mergers & Acquisitions, 2019
List of Figures (70 Figures)
Figure 1 Smart Lighting Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
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 Market
Figure 6 Market Size Estimation Methodology: Approach 2—Demand Side Analysis
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 Assumptions of the Research Study
Figure 11 Smart Lighting Market for Wireless Communication Technology Expected to Grow at Higher CAGR During Forecast Period
Figure 12 Market for Services to Grow at Highest CAGR During Forecast Period
Figure 13 Outdoor Application Expected to Grow at Higher CAGR in Market During Forecast Period
Figure 14 New Installations to Hold Larger Size of Market During Forecast Period
Figure 15 Europe Held Largest Share of Market in 2019
Figure 16 Smart Lighting Market Expected to Exhibit High Growth Between 2020 and 2025
Figure 17 Hardware Offerings to Dominate Market During Forecast Period
Figure 18 Wireless Communication Technology to Register Higher Growth Rate During Forecast Period
Figure 19 Indoor Application to Dominate Market During Forecast Period
Figure 20 New Installations to Dominate Market During Forecast Period
Figure 21 APAC Smart Lighting Market to Exhibit Highest CAGR During Forecast Period
Figure 22 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Market Drivers and Their Impact
Figure 24 Smart Cities Market
Figure 25 Evolution of Lighting Control Systems
Figure 26 Smart Lighting Market Restraints and Their Impact
Figure 27 Market Opportunities and Their Impact
Figure 28 Market Challenges and Their Impact
Figure 29 Market: Value Chain Analysis
Figure 30 Leading Trends in Smart Lighting Market
Figure 31 Market, By Installation Type
Figure 32 Market for New Installations to Grow at A Higher CAGR During Forecast Period
Figure 33 Market, By Offering
Figure 34 Market for Services to Grow at Highest CAGR During Forecast Period
Figure 35 Market, By Hardware
Figure 36 Market, By Software
Figure 37 Market, By Service
Figure 38 Market, By End-Use Application
Figure 39 Outdoor Application Expected to Grow at A Higher CAGR in Market During Forecast Period
Figure 40 Commercial Indoor Application Held Largest Size of Market in 2019
Figure 41 Highways & Roadways Lighting to Hold Largest Size of Market for Outdoor Application During Forecast Period
Figure 42 Smart Lighting Market, By Communication Technology
Figure 43 Wired Communication Technology to Dominate Market During Forecast Period
Figure 44 DALI Protocol to Hold Largest Size of Market for Wired Communication Technology During Forecast Period
Figure 45 Timeline of PoE-Related IEEE Standards
Figure 46 ZigBee Protocol to Hold Largest Size of Market for Wireless Communication Technology During Forecast Period
Figure 47 Smart Lighting Market, By Geography
Figure 48 Market, Geographic Snapshot
Figure 49 Snapshot: Smart Lighting Market in North America
Figure 50 Market for Residential End-Use Application in North America to Grow at Highest CAGR During Forecast Period
Figure 51 US to Account for Largest Size of Market in North America During Forecast Period
Figure 52 Snapshot: Smart Lighting Market in Europe
Figure 53 Commercial Segment Held Largest Size of Europe Market in 2019
Figure 54 Germany to Hold Largest Size of Market in Europe
Figure 55 Snapshot: Smart Lighting Market in APAC
Figure 56 Residential Indoor Application in APAC to Grow at Highest CAGR During Forecast Period
Figure 57 Market in China Expected to Grow at Highest CAGR During Forecast Period
Figure 58 Middle East & Africa Expected to Hold Larger Size of Market in RoW
Figure 59 Key Developments By Leading Players in Market From 2016 to 2019
Figure 60 Market Ranking of Top 5 Players in Smart Lighting Market, 2019
Figure 61 Market (Global) Competitive Leadership Mapping, 2019
Figure 62 Signify: Company Snapshot
Figure 63 Legrand: Company Snapshot
Figure 64 Acuity Brands: Company Snapshot
Figure 65 Eaton Corporation PLC: Company Snapshot
Figure 66 General Electric Company: Company Snapshot
Figure 67 OSRAM Licht AG: Company Snapshot
Figure 68 Honeywell International Inc: Company Snapshot
Figure 69 Hubbell Incorporated: Company Snapshot
Figure 70 Zumtobel Group AG: Company Snapshot
The study involved 4 major activities in estimating the current size of the smart lighting market. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, smart lighting system-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated through primary research. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.
Primary Research
In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the smart lighting market.
Primary research has also been conducted to identify segmentation types and key players, as well as to analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market 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 the complete market engineering process to list the key information/insights throughout the report. Primary data has been collected through questionnaires, e-mails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.
Major players in the market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.Study Objectives
- To define, describe, forecast, and analyze the smart lighting market by 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 the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the key industry trends related to components, connectivity 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 strategically profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies2 and to analyze the competitive landscape across the ecosystem
- To analyze competitive growth strategies such as partnerships, contracts, agreements and collaborations, mergers and acquisitions, new product launches and developments, and research and development adopted by key players in the smart lighting market
Available Customization
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report.
- Detailed analysis and profiling of additional market players (up to 5)
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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Growth opportunities and latent adjacency in Smart Lighting Market
I am very much interested in understanding market revenue and forecast in terms of $ and #units for smart lighting broken down by segments (commercial, industrial, outdoor, residential), and by lighting technology (LED, CFL, HID, etc). Is this information available as a part of this report?
I'm wireless controller manufacturersand hence, looking specifically into wirelessly connected light bulbs. Do you have any information about this? Also, is the report contain market share analysis of varoius lighting controls manufacturers by region?
I am currently a student at the University of Texas. I am researching the smart lighting industry. My group and I have to do a presentation on the market and how it will be affected with in the near future. I feel this article would be very helpful and would like to read it for some more specific details. I am specifically looking forward the market projections for US by region/states for smart lighitng space. Could you share such infomration? If yes, at what cost?
My company is the distributors of smart lighting product lines. I am researching about smart lighting market. I am specifically looking for market information about Southeast Asia and Africa Markets. Is your study include detailed information for these 2 regions? If it is not readily available how much time will you need for this?
I’m a researcher and analysing smart lightning market in Sweden, Russia and Denmark, compare the demands in them. I am also looking for the market drivers and barrieers within these countries. I feel that your report will be the greatest source of information for me to prepare! Does your report has information about these countries? at what price?