The North America smart lighting market size reached US$ 6.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 22.9 Billion by 2032, exhibiting a growth rate (CAGR) of 16.0% during 2023-2032.
Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes.
North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting.
2. What is the expected growth rate of the North America smart lighting market during 2024-2032?
3. What are the key factors driving the North America smart lighting market?
4. What has been the impact of COVID-19 on the North America smart lighting market?
5. What is the breakup of the North America smart lighting market based on the offering?
6. What is the breakup of the North America smart lighting market based on the communication technology?
7. What is the breakup of the North America smart lighting market based on the installation type?
8. What is the breakup of the North America smart lighting market based on the light source?
9. What is the breakup of the North America smart lighting market based on the application?
10. What are the key regions in the North America smart lighting market?
Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes.
North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the North America smart lighting market report, along with forecasts at the regional and country level from 2024-2032. The report has categorized the market based on offering, communication technology, installation type, light source and application.- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
Market by Offering
- Hardware
- Lights and Luminaires
- Lighting Controls
- Software
- Services
- Design and Engineering
- Installation
- Post-Installation
Market by Communication Technology
- Wired Technology
- Wireless Technology
Market by Installation Type
- New Installation
- Retrofit Installation
Market by Light Source
- LED Lamps
- Fluorescent Lamps
- Compact Fluorescent Lamps
- High Intensity Discharge Lamps
- Others
Market by Application
- Commercial
- Residential
- Public Infrastructure
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report
1. What was the size of the North America smart lighting market in 2023?2. What is the expected growth rate of the North America smart lighting market during 2024-2032?
3. What are the key factors driving the North America smart lighting market?
4. What has been the impact of COVID-19 on the North America smart lighting market?
5. What is the breakup of the North America smart lighting market based on the offering?
6. What is the breakup of the North America smart lighting market based on the communication technology?
7. What is the breakup of the North America smart lighting market based on the installation type?
8. What is the breakup of the North America smart lighting market based on the light source?
9. What is the breakup of the North America smart lighting market based on the application?
10. What are the key regions in the North America smart lighting market?
Table of Contents
1 Preface3 Executive Summary16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Smart Lighting Market
6 North America Smart Lighting Market
7 North America Smart Lighting Market: Breakup by Offering
8 North America Smart Lighting Market: Breakup by Communication Technology
9 North America Smart Lighting Market: Breakup by Installation Type
10 North America Smart Lighting Market: Breakup by Light Source
11 North America Smart Lighting Market: Breakup by Application
12 North America Smart Lighting Market: Breakup by Country
13 SWOT Analysis
14 Value Chain Analysis
15 Porter’s Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 6 Billion |
| Forecasted Market Value ( USD | $ 22.9 Billion |
| Compound Annual Growth Rate | 16.0% |
| Regions Covered | North America |
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