Smart Lighting Market Growth and Analysis | Top Key Players – Acuity Brands, Zumtobel AG, Digital Lumens, Streetlight, Vision, Encelium Technologies, Royal Philips Electronics N.V., Honeywell

“Smart Lighting Market”
Global Smart Lighting Market Analysis

According to Verified Market Research, The Global Smart Lighting market was valued at USD 6.56 billion in 2017 and is projected to reach USD 30.85 billion by 2025, growing at a CAGR of 21.4% from 2018 to 2025.

What is Smart Lighting?

Smart lighting is defined as a lighting technology that is designed for ensuring energy efficiency. With the help of smart lighting technology, lighting can be controlled from an app present on smartphones. Using these mobile apps, lighting can be controlled with ease. Smart lighting comprises of various technologies such as daylight sensing, occupancy sensing, ultrasonic and many others. Smart lighting systems ensure high-cost savings and lower energy usage. The growing popularity of LED lighting products fuels the growth of the smart lighting market.

 

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Global Smart Lighting Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

 

Rising modernization and development of smart cities, growing demand for intelligent solutions for street lighting systems, need for energy-efficient lighting systems and growing penetration and declining cost of LEDs have been driving the global smart lighting market. On the other hand, perception regarding the high cost of installation, inadequate awareness about payback periods, and security & privacy concerns in smart lighting systems might hamper the overall market at a global level.

 

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Smart Lighting Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

 

Global Smart Lighting Market Competitive Landscape

The “Global Smart Lighting Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Acuity Brands, Zumtobel AG, Digital Lumens, Streetlight, Vision, Encelium Technologies, Royal Philips Electronics N.V., Honeywell International, Osram Licht AG, Legrand S.A., and Lutron Elecronics, Co.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

 

Global Smart Lighting Market Segmentation, by Offering

• Hardware
o Lights and Luminaires
o Lighting Controls
• Software
• Services
o Design and Engineering
o Installation
o Post-Installation

 

Global Smart Lighting Market Segmentation, by Communication Technology

• Wired Technology
o Digital Addressable Lighting Interface
o Wired Hybrid Protocols
o Power-Line Communication
o Power Over Ethernet
• Wireless Technology
o Zigbee
o Wi-Fi
o Bluetooth/Bluetooth Low Energy
o Enocean
o Wireless Hybrid Protocols

 

Global Smart Lighting Market Segmentation, by Application Type

• Indoor Application
o Residential
o Industrial
o Commercial
• Outdoor Application
o Highways & Roadways
o Public Places
o Architectural

 

Global Smart Lighting Market Segmentation, by Installation Type

• New Installation
• Retrofit Installation

 

Global Smart Lighting Market Geographic Scope

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

 

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Also, key Smart Lighting market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

 

Table Of Content

 

1 Introduction Of The Global Smart Lighting

2 Executive Summary

3 Research Methodology Of Verified Market Intelligence

4 The Global Smart Lighting Outlook

5 The Global Smart Lighting, By Systems

6 The Global Smart Lighting, By Service

7 The Global Smart Lighting, By Verticals

8 The Global Smart Lighting, By Applications

9 The Global Smart Lighting, By Geography

10 The Global Smart Lighting Competitive Landscape

 

Reason to Buy

 

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Lighting market

– Highlights key business priorities in order to assist companies to realign their business strategies.

– The key findings and recommendations highlight crucial progressive industry trends in the Smart Lighting market, thereby allowing players to develop effective long term strategies.

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

 

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