US Smart Lighting Market Assessment

Report
April 2023
Region: United States
Parks Associates
ID: 5877790

This Smart Product Market Assessment identifies key and emerging players in the residential smart lighting market. It tracks consumer adoption and purchase trends over 5 years, including use cases, control preferences, and top purchase channels. It includes unit sales and revenue forecasts for smart lights, smart plugs, and smart switches.

Key Questions Answered:

What are the major trends currently impacting the smart light market?
What product innovations are driving the market?
How can product manufacturers differentiate and charge a premium price in a quickly commoditizing market?
How is high inflation and a tough housing market impacting consumer demand for smart lighting?
What is consumer interest in energy, security, and wellness features in smart products?

Key Product Categories and DefinitionsSmart Home Lighting Ecosystem

Executive Summary

Smart Light and Power Ownership, Purchases, Intentions
Top Features for Smart Lighting Device Purchase
Attitudes Towards Home Energy Consumption
% Rating Energy Monitoring in Smart Plugs “Very Important”
US Forecast - Smart Lighting Revenue: Annual Sales Revenue at End-user Value ($M)

Lighting Industry Trends

Competitor Landscape Shifts and Acquisitions
Interoperability & Networking
Product Design & Innovative Features
Sensing and Intelligence
Pricing & Installation

US Market Sizing & Forecast

Market Drivers
Market Barriers
US Forecast - Smart Light Bulbs: Annual Unit Sales (#M)
US Forecast - Smart Light Bulbs: Annual Sales Revenue at End-user Value ($M)
US Forecast - Light In-Wall Switches/Dimmers: Annual Unit Sales (#M)
US Forecast - Light In-Wall Switches/Dimmers: Annual Sales Revenue at End-user Value ($M)
US Forecast - Smart Plugs: Annual Unit Sales (#M)
US Forecast - Smart Plugs: Annual Sales Revenue at End-user Value ($M)

Market Activity and Competitors: Smart Light Bulbs

Smart Bulb Market Trends and Features
Smart Lighting - Market Activity

Market Activity and Competitors: Smart In-Wall Switches

Smart In-Wall Switches Market Trends and Features
Smart In-Wall Switches - Market Activity

Market Activity and Competitors: Smart Plugs/Power Strips

Smart Plugs/Power Strips - Market Trends and Features
Smart Plug/Power Strips - Market Activity

Smart Lighting Market Context: Familiarity, Affordability, and Ownership

Smart Light Bulbs: High Rating for Familiarity, Perceived Value, and Affordability
Smart Light Bulbs: High Familiarity by Technology Adoption Segment
Smart Energy, Power Device Ownership
Average Number of Smart Lighting/ Power Devices Owned Among Owners
Smart Home Devices: Net Promoter Score

Smart Lighting Use: Controls, Energy Monitoring

Primary Smart Lighting Control Methods
Devices Plugged into Smart Plug
Attitudes Towards Home Energy Consumption
Energy-Saving Actions Taken Over the Past 12 Months

Device Purchases, Acquisition, Installation

Smart Energy, Power Device Purchases
Average Numbers of Smart Lighting/ Power Devices Purchased
Smart Lighting/Power Devices: Average Purchase Price
Smart Lighting/Power Devices: Category of Purchase
Smart Lighting/Power Devices: Number of Devices Purchased as First Time Ever
Smart Lighting/Power Devices: Purchases, Gifts, and Pre-installed
Smart Lighting/Power Devices: Channel Purchase Location
Smart Lighting/Power Devices: Installation Methods
Smart Lighting/Power Devices: Disposal When Moved
Smart Lighting/Power Devices: Purchase Considerations
Devices Acquired as Part of Security System
Devices Acquired as Part of System, by Installation Method
Devices Added After Security System Installation by Installation Method

Smart Lighting Brand Performance

Brands Owned: Smart Light Bulb
Brand Purchased: Smart Light Bulb
Brand Considered: Smart Light Bulb
Brands Owned: Smart Plug/Power Strip
Brand Purchased: Smart Plug/Power Strip
Brand Considered: Smart Plug/Power Strip
Brands Owned: Smart In-wall Outlet/Switch or Dimmer
Brands Owned: Smart Lighting Control System

Purchase Intention & New Features

Purchase Intention: Smart Lighting/Power Devices
Important Features for Smart Lighting Device Purchase
Interest in Smart Light Bulb Replenishment Service
Preferred Type of Smart Light Bulb Service
Important Features for Smart Plug Purchase
High Interest in Energy Monitoring Feature, Among Select Groups

Device Returns and Technical Support

Smart Light/Power Product Returns
Smart Home Device: Technical Problems Experienced
Reasons for Returning Smart Home Devices
Actions after Returning Smart Home Devices

Smart Lighting Owner Demographics

Tech Adopter Segments
Age Distribution
Household Income Distribution
Gender Distribution
Children at Home
Home Ownership
Residential Region

Appendix

Key Questions Answered:

Table of Contents

Related Topics

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About the Smart Lighting System Market