Press release
Smart Lighting Market Trends key players are: OSRAM, GE Lighting, Philips Lighting, Honeywell, Hubbell, Schneider Electric, Legrand, Lutron, Tvilight, Secil, Zumtobel
Global Market Insights, Inc.
Smart Lighting Market is projected to surpass USD 24 billion by 2024. Smart lighting incorporates different technologies to enable the automatic controlling of indoor and outdoor lights using automated settings, wireless/mobile controls, and a wide range of different adjustable features. It is a lighting system which is interconnected through a network and is operated and maintained by a centralized system or cloud. Smart lighting includes an MCU (microcontroller unit) based system that integrates electronics, automation, and network communication for improving energy efficiency of the lighting system.
In a conventional lighting system, a light source can only be switched on/off manually, while, instead in a smart lighting system, different preset lighting modes can be preloaded into the system to meet the user’s specific needs. Also, in conventional lighting systems, a heavily loaded lighting system requires high-capacity switch along with large volume of cables to drive a distant load.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/413
Top Key Players: -
The competition in the connected lighting market is primarily characterized by constant product innovation and new product development initiatives by the market players by leveraging the latest advancements in the smart lighting technology and Internet of Things (IoT). These players are consistently involved in strategic partnerships for extending their smart lighting product portfolio and expanding their global presence. Also, a lot of companies are focusing on securing contracts for extensive smart streetlight installation projects from city administrators under smart city projects. Some of the key players operating in the connected lighting market are Bridgelux, Acuity Brands, Cree, Echelon, Cooper Industries (Eaton), OSRAM, Digital Lumens, Honeywell, GE Lighting, Hubbell, Philips Lighting, Legrand, Schneider Electric, Zumtobel, Lutron, Secil, Silver Spring Networks and Tvilight.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart lighting market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Europe is projected to dominate the connected lighting market by 2024 due to the rapid deployment of smart lighting systems in residential, commercial, and government sectors, large-scale smart city projects undertaken in the region supported by favorable government initiatives. Due to the consistent emphasis by the European Union (EU) on accelerated development of smart cities through its funding instrument, The European Innovation Partnership on Smart Cities and Communities (EIP-SCC), industry leaders are focusing on providing more integrated and sustainable lighting solutions to the customers.
The Asia Pacific connected lighting market is projected to exhibit fastest growth between 2018 and 2024 due to increasing awareness regarding the benefits of energy efficient lighting systems among the countries in the region to achieve energy security and sustainability objectives. Also, favorable government initiatives to encourage the adoption of energy-efficient LED lights is also expected to accelerate the growth of Asia Pacific connected lighting market.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/413
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Statistical model and forecast
1.1.2 Industry insights and validation
1.2 Scope
1.3 Market Definition
1.4 Forecast parameters
1.5 Data Sources
1.5.1 Secondary
1.5.2 Primary
1.6 Abbreviations
Chapter 2 Executive Summary
2.1 Smart lighting industry 3600 synopsis, 2013 – 2024
2.1.1 Regional trends
2.1.2 Component trends
2.1.3 Product trends
2.1.3.1 Luminaries trends
2.1.3.2 Lighting control trends
2.1.4 Communication technology trends
2.1.4.1 Wired technology trends
2.1.4.2 Wireless technology trends
2.1.5 Lighting source trends
2.1.6 Application trends
2.1.6.1 Indoor application trends
2.1.6.2 Outdoor application trends
Chapter 3 Smart Lighting Industry Insights
3.1 Introduction
3.2 Industry segmentation
3.3 Industry landscape
3.4 Evolution of smart lighting technology
3.5 Addressable/opportunity market
3.6 Smart lighting market news
3.7 Smart lighting industry ecosystem analysis
3.8 Technology & innovation landscape
3.8.1 Technological advancements in IoT
3.8.2 Innovation in LED technology
3.9 Regulatory landscape
3.9.1 Energy efficiency requirement standard GB 30255-2013 for LED lamps (China)
3.9.2 Performance requirement standard GB/T24908 standard for non-directional self-ballasted LED luminaire (China)
3.9.3 The European Directive ErP (Energy-related Products) 2009/125/EC
3.9.4 EU No. 874/2012 energy label standards
3.9.5 EU No 1194/2012 regulation for directional LED luminaire energy efficiency standards
3.9.6 ENERGY STAR LABEL (U.S.)
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing demand for energy-efficient lighting systems
3.10.1.2 Growing popularity of smart cities
3.10.1.3 Increasing popularity of Li-Fi networked communication technology
3.10.1.4 Increasing awareness regarding intelligent street lighting systems
3.10.2 Industry pitfalls and challenges
3.10.2.1 Security concerns related to smart lighting systems
3.10.2.2 Challenges of cost, performance, and thermal design
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Browse Full Report @ https://bit.ly/1rJpqnl
Technological innovations in LED lighting systems are largely contributing to the growing adoption of smart lighting systems for residential, commercial, and industrial applications. Modern LED lighting systems have an outstanding operational life expectation of up to 100,000 hours. By changing conventional lighting systems to smart LED lights, users do not have to incur repeated cost of replacing the lights for several months or even years. Also, in LED lighting systems, 100% of the electrical energy is converted into light as opposed to traditional incandescent bulbs wherein, 80% of the energy is converted into heat and only 20% is converted into light. Thus, smart LED lighting systems facilitate excellent energy efficiency and minimal energy wastage.
The growing popularity of smart cities one of the major contributing factors for smart lighting market growth. Developing a city-wide intelligent lighting network is becoming one of the key areas of interest while designing and developing smart city infrastructure around the world. With the increasing government emphasis on developing more smart cities to enable better city planning and development, faster delivery of e-government services, energy sustainability and improved local economic development, the deployment of connected lighting systems in smart city projects is likely to increase substantially during the forecast timeline.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Lighting Market Trends key players are: OSRAM, GE Lighting, Philips Lighting, Honeywell, Hubbell, Schneider Electric, Legrand, Lutron, Tvilight, Secil, Zumtobel here
News-ID: 1166050 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
