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+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
Research Layer has published a Half- Cooked Research Report on the Global Smart Lighting Market
The Global Smart Lighting Market is poised to grow at a CAGR of 18.22 % from the year 2022 to 2028, to reach a market value of USD 34.013 billion by the year 2028.
Lighting is an important part of any infrastructure project and the demand for smart homes is looking for lighting. Smart lighting comprises lights that connect to an application and aids in automation and controls the lights through a remote manner. The recent developments in AR have enabled a new field of marketing. AR has enabled consumers to go on a virtual tour and experience where they can select home décor, furniture and other products and see their impact. E.g Havells provides an Experience Tour where consumers select individual lights and check their impact.
The increasing awareness also contributes heavily to the market growth. For instance, the EURoluce 2021 was an International Lighting Exhibition which presented the most innovative solutions in the field of light for interiors and exteriors. The extensive product line includes the latest fixtures for outdoor, indoor and industrial lighting, entertainment and event lighting, hospital lighting and special purpose lighting, home appliances and home automation systems.
On the basis of offering, the market is segmented into hardware, software, and services. The hardware segment is anticipated to grow at a high rate owing to the increased involvement. On the other hand, on the basis of installation type, the market is segmented into new installations and retrofit installations. Based on the smart lighting communication technology segment, the smart lighting market is segmented into wired and wireless. Based on the smart lighting end use segment, the smart lighting market is segmented into indoor and outdoor.
Some of the prominent players in the smart lighting market include:
· Legrand S.A.
· Signify (Philips Lighting)
· Acuity Brands, Inc.
· Leviton Manufacturing Company, Inc.
· Lutron Electronics
· Zumtobel Group
· Hubbell Incorporated
· Honeywell International Inc.
· GE
· Dialight PLC
· Helvar
· Ideal Industries, Inc. (Cree Lighting)
· Adesto Technologies (Echelon Corporation)
· Panasonic
· LightwaveRF PLC
· RAB Lighting
· Synapse Wireless
· Syska LED
· Wipro Enterprise Ltd
· LG Electronics
· ABB
· Savant Systems Inc. (GE Lighting)
· Enlighted Inc
The company has provided detailed market segmentation for the smart lighting market, from the year 2018 to 2028, both in terms of values (USD bn) and volume (units). The segmentation is as below:
By Offering:- Market Outlook, 2018 to 2028
· Hardware.
· Software
· Service.
By Installation Type:- Market Size, 2018 to 2028
· New Installation
· Retrofit Installation
By Communication Technology:- Market Share, 2018 to 2028
· Wired
· Wireless
By End Use:- Insights, 2018 to 2028
· Indoor
· Outdoor
By Region :- Market Size (Value and Volume), 2018 to 2028
· North America
o U.S.
o Canada
o Rest of North America
· Latin America
o Brazil
o Argentina
o Rest of Latin America
· Europe
o UK
o Germany
o France
o Spain
o Rest of Europe
· MENA
o Egypt
o Algeria
o GCC
o Rest of MENA
· Asia Pacific
o India
o China
o Japan
o ASEAN
o Rest of Asia Pacific
· Sub-Saharan Africa
o Ethiopia
o Nigeria
o Rest of Sub-Saharan Africa
· Australasia
o Australia
o New Zealand
o Rest of Australasia