The global smart lighting market size is expected to reach USD 45.47 Billion at a steady revenue CAGR of 19.7% in 2028, according to the latest analysis by Emergen Research. Increasing popularity of smart lights, wide acceptability of standard protocols for lighting control systems, and increasing use of LED lights and luminaires in outdoor lighting are driving market revenue growth.
Some major factors expected to hamper market growth include interoperability, connectivity, non-visual effects of lighting, and data security concerns. Possible health implications from usage of blue-rich, solid-state or compact fluorescent lighting is hampering market growth. A possible risk of losing control in time of technical changes make several lighting designers hesitant to use smart lights.
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Major players in the market report include Acuity Brands, Signify Holding, Honeywell International Inc., Itron Inc., Ideal Industries, Inc., Häfele GmbH & Co KG, Wipro Consumer Lighting, YEELIGHT, Sengled Optoelectronics Co., Ltd., and Verizon.
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Smart Lighting Market , emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years.
Emergen Research has segmented the global smart lighting market on the basis of component, light source, type, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Services
- Light Source
- LED Light Source
- HID Light Source
- Fluorescent Light Source
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Smart Bulbs
- Fixtures
- Lighting Control
- Sensors
- Microcontroller and Microprocessors
- Wireless Receivers and Transmitters
- Others
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Smart Lighting market in the near future?
- What is the regulatory framework governing the application of Smart Lighting Market in the food industry?
- Which manufacturing processes are utilized for the production of Smart Lighting Market ?
Table of Contents:
- Chapter 1 includes an introduction of the global Smart Lighting market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application
About us :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
