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Smart Lighting Market Trends and Forecast
The future of the global smart lighting market looks promising with opportunities in the residential and commercial sector. The global smart lighting market is expected to reach an estimated $36.8 billion by 2030 with a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.Emerging Trends in the Smart Lighting Market
Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for IoT technology in the smart lighting system and emergence of light fidelity (Li-Fi) technology in the field of smart lighting.A total of 103 figures / charts and 108 tables are provided in this 195-page report to help in your business decisions.
Smart Lighting Market by Segment
The study includes trends and forecast for the global smart lighting market by product type, light source, communication technology, application, and region as follows:Smart Lighting Market by Product Types [Value ($M) shipment analysis for 2018 - 2030]:
- Smart Bulbs
- Fixtures
- Control Systems
- Drivers and ballasts
- Switches and dimmers actuators
- Sensors
- Microcontrollers
- Transmitters and receivers
Smart Lighting Market by Light Source [Value ($M) shipment analysis for 2018 - 2030]:
- Light Emitting Diode
- Fluorescent Lamps
- High-Intensity Discharge Lamps
- Others
Smart Lighting Market by Communication Technology [Value ($M) shipment analysis for 2018 - 2030]:
- Wired
- Digital Addressable Lighting Interface
- Powerline Communication
- Power Over Ethernet
- Wired Hybrid Protocols
- Others
- Wireless
- Zigbee
- Bluetooth
- Enocean
- Wi-Fi
- Others
Smart Lighting Market by Application [Value ($M) shipment analysis for 2018 - 2030]:
- Indoor Lighting
- Commercial
- Industrial
- Residential
- Others
- Outdoor Lighting
- Highway & Roadway Lighting
- Architectural Lighting
- Lighting for Public Place
- Others
Smart Lighting Market by Region [Value ($M) analysis for 2018 - 2030]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
List of Smart Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart lighting companies profiled in this report includes.- Zumtobel Group
- CREE Inc
- AMS
- Signify N.V.
- Savant Systems
- SemiLEDs Corporation
Smart Lighting Market Insight
- The publisherl forecasts that the control system is expected to remain the largest segment due to growth in home automation and to improve energy efficiency.
- Light emitting diodes (LEDs) is expected to remain the largest market and is also expected to witness the highest growth over the forecast. Increasing penetration due to the declining cost of LEDs, low maintenance and high energy efficiency is expected to spur the growth of this segment over the forecast period.
- Europe is expected to remain the largest market due to the growing standard of living and increasing automation in Germany, France, and the United Kingdom building and construction industries.
Features of Smart Lighting Market
- Market Size Estimates: Smart lighting market size estimation in terms of value ($M)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by product types, light source, communication technology, and application.
- Regional Analysis: Smart lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product types, light source, communication technology, application, and regions for the smart lighting market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart lighting market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart lighting market size?Answer:The global smart lighting market is expected to reach an estimated $36.8 billion by 2030.
Q2. What is the growth forecast for smart lighting market?
Answer:The smart lighting market is expected to grow at a CAGR of 17.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the smart lighting market?
Answer: The major drivers for this market are development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.
Q4. What are the major applications or end use industries for smart lighting?
Answer:Indoor lighting are the major applications for smart lighting.
Q5. What are the emerging trends in smart lighting market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for IoT technology in the smart lighting system and emergence of light fidelity (Li-Fi) technology in the field of smart lighting.
Q6. Who are the key smart lighting companies?
Answer:Some of the key smart lighting companies are as follows:
- Zumtobel Group
- CREE Inc
- AMS
- Signify N.V.
- Savant Systems, Inc.
- SemiLEDs Corporation
Answer: The publisherl forecasts that the control system is expected to remain the largest segment due to growth in home automation and to improve energy efficiency.
Q8: In smart lighting market, which region is expected to be the largest in next 5 years?
Answer:Europe is expected to remain the largest region and witness the good growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, The publisher provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global smart lighting market by product type (smart bulbs, fixtures, control systems), light source (light emitting diode, fluorescent lamps, high-intensity discharge lamps, and others), application (indoor lights and outdoor lights), communication technology (wired and wireless), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Zumtobel Group
- CREE Inc
- AMS
- Signify N.V.
- Savant Systems, Inc.
- SemiLEDs Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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