The Global Smart Lighting Market will Grow to USD 21.7 Billion by 2027, at a CAGR of 13% – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Smart Lighting Market: Trends, Opportunities and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The future of the smart lighting market looks promising with opportunities in the residential and commercial sector. The global smart lighting market is expected to reach an estimated $21.7 billion by 2027 and is forecast to grow at a CAGR of 13% from 2021 to 2027. The major drivers of growth for this market are the development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.
Emerging trends, which have a direct impact on the dynamics of the industry, include the growing demand for IoT technology in the smart lighting system and the emergence of light fidelity (Li-Fi) technology in the field of smart lighting. CREE Inc, AMS, Signify NV , Zumtobel Group, Savant Systems, Inc., SemiLEDs Corporation are among the major smart lighting manufacturers.
A total of 103 figures/charts and 108 tables are provided in this 195-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the smart lighting market report, then you should read this report.
In this market, the control system is the largest product, whereas light emitting diode is the largest in source type. Growth in various segment of the smart lighting market are given below:
The study includes trends and forecasts for the global smart lighting market by product types, light source, communication technology, application, and region as follows:
By Product [$M shipment analysis for 2016-2027]:
Drivers and ballasts
Switches and dimmer actuators
Transmitters and receivers
By LightSource [$M shipment analysis for 2016-2027]:
Light emitting diode
High Intensity Discharge Lamps
By Communication Technology [$M shipment analysis for 2016-2027]:
Digital addressable lighting interface
Power Line Communication
Power over Ethernet
Wired Hybrid Protocols
By Application [$M shipment analysis for 2016-2027]:
Highway & Roadway Lighting
Lighting for public places
By region [$M shipment analysis for 2016-2027]:
The Rest of the World
The analyst forecasts that the control system is expected to remain the largest segment due to growth in home automation and improved energy efficiency. The analyst predicts that the demand for smart bulb is likely to experience the highest growth in the forecast period supported by growing demand for wireless technologies in smart cities.
Europe is expected to remain the largest market due to the growing standard of living and increasing automation in Germany, France, the and United Kingdom building and construction industries. The Asia Pacific is expected to witness the highest growth over the forecast period because of increasing government focus towards the growth in infrastructure and development of smart homes in China and India.
Features of Smart Lighting Market
Market Size Estimates: Smart lighting market size estimation in terms of value ($M) shipment.
Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
Segmentation Analysis: Smart lighting market size by various product types, light source, communication technology, and application in terms of value shipment.
Regional Analysis: Smart Lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis on growth opportunities in different product types, light source, communication technology, application, and regions for smart lighting market.
Strategic Analysis: This includes M&A, new product development, and a competitive landscape for the smart lighting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Key topics covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Smart Lighting Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Smart Lighting Market by Product Types
3.3.1: Smart Bulbs
3.3.3: Control system
184.108.40.206: Drivers and Ballasts
220.127.116.11: Switches and Dimmer Actuators
18.104.22.168: Transmitters and Receivers
3.4: Global Smart Lighting Market by Light Sources
3.4.1: Light Emitting Diodes
3.4.2: Fluorescent lamps
3.4.3: High Intensity Discharge Lamps
3.5: Global Smart Lighting Market by Application
3.5.1: Indoor Lighting
3.5.2: Outdoor Lighting
22.214.171.124: Highway and Roadway Lighting
126.96.36.199: Architectural Lighting
188.8.131.52: Lighting for public places
3.6: Global Smart Lighting Market by Technology
184.108.40.206: Digital Addressable Lighting Interface (DALI)
220.127.116.11: Power Line Communication (PLC)
18.104.22.168: Power over Ethernet (PoE)
22.214.171.124: Wired Hybrid Protocols
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Smart Lighting Market by Region
4.2: North American Smart Lighting Market
4.2.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.2.2: The US Smart Lighting Market
4.2.3: The Canadian Smart Lighting Market
4.2.4: The Mexican Smart Lighting Market
4.3: European Smart Lighting Market
4.3.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.3.2: United Kingdom Smart Lighting Market
4.3.3: German Smart Lighting Market
4.3.4 French Smart Lighting Market
4.4: APAC Smart Lighting Market
4.4.1: Market by Application: Indoor Lighting and Outdoor Lighting
4.4.2: China Smart Lighting Market
4.4.3: Japanese Smart Lighting Market
4.4.4: Indian Smart Lighting Market
4.4.5 South Korean Smart Lighting Market
4.5: ROW Smart Lighting Market
4.5.1: Market by Application: Indoor Lighting and Outdoor Lighting
5. Competitor Analysis
5.1: Product portfolio analysis
5.2: Geographical reach
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Lighting Market by Product
6.1.2: Growth Opportunities for the Global Smart Lighting Market by Light Source
6.1.3: Growth Opportunities for the Global Smart Lighting Market by Communication Technology
6.1.4: Growth Opportunities for the Global Smart Lighting Market by Application
6.1.5: Growth Opportunities for the Global Smart Lighting Market by Region
6.2: Emerging Trends in the Global Smart Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Lighting Market
6.3.3: Mergers and Acquisitions, and Joint Ventures in the Global Smart Lighting Industry
7. Company Profiles of Leading Players
Savant Systems, Inc.
Lutron Electronics Company
For more information about this report visit https://www.researchandmarkets.com/r/ugtmja
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