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The smart lighting market is forecasted to grow byUSD 26.56 billion during 2023-2028, accelerating at a CAGR of 20.85% during the forecast period. The report on the smart lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the emergence of smart lighting, the increasing adoption of LEDs, and the rising need for light dimming.
The smart lighting market is segmented as below:
By Application
- Commercial
- Residential
- Public infrastructure
- Others
By Component
- Hardware
- Software
- Services
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the smart lighting market covers the following areas:
- Smart lighting market sizing
- Smart lighting market forecast
- Smart lighting market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global smart lighting market: Acuity Brands Inc., Current Lighting Solutions LLC, Dialight Plc, Eaton Corp. Plc, Helvar Merca Oy Ab, Honeywell International Inc., Hubbell Inc., IDEAL INDUSTRIES Inc., Legrand SA, Leviton Manufacturing Co. Inc., Lightwaverf Technology Ltd., Lutron Electronics Co. Inc., OSRAM Licht AG, RAB Lighting Inc., Savant Systems Inc., Siemens AG, Signify NV, Synapse Wireless Inc., Wipro Ltd., and Zumtobel Group AG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the advent of IoT."
According to the report, one of the major drivers for this market is the emergence of smart lighting.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands Inc.
- Current Lighting Solutions LLC
- Dialight Plc
- Eaton Corp. Plc
- Helvar Merca Oy Ab
- Honeywell International Inc.
- Hubbell Inc.
- IDEAL INDUSTRIES Inc.
- Legrand SA
- Leviton Manufacturing Co. Inc.
- Lightwaverf Technology Ltd.
- Lutron Electronics Co. Inc.
- OSRAM Licht AG
- RAB Lighting Inc.
- Savant Systems Inc.
- Siemens AG
- Signify NV
- Synapse Wireless Inc.
- Wipro Ltd.
- Zumtobel Group AG