openPR Logo
Press release

Smart Lighting Market top players - Philips Lighting, Osram, GE Lighting, Cree, Schneider Electric, Echelon Corporation, Acuity Brands, Silver Spring Networks, Deako, and Tvilight

Smart Lighting Market

Smart Lighting Market

8 significant trends driving smart lighting market growth through 2024

The smart lighting market is projected to foresee commendable growth in coming years owing to high product adoption across numerous application avenues including commercial, government, and residential sectors. Additionally, improving standard of living, and high disposable income levels would also foster the demand for smart lighting systems in the projected timespan. Growing emphasis towards implementation of highly-connected public infrastructure, wherein conventional lighting systems are being substituted with energy-efficient smart lighting solutions, is also expected to significantly contribute towards market growth.

Request sample copy of this report @

Below are some of the key trends that are shaping the smart lighting industry growth:

Increasing lighting infrastructure development initiatives across the U.S.

The Chicago Smart Lighting Program is considered as one of the largest street lighting modernization programs across the U.S. The program has been undertaken for facilitating a reliable and superior quality of outdoor lighting for Chicago residents. This program effectively aims to substitute nearly 270,000 city lights with LEDs and intelligent controls over the upcoming four years. This could potentially save the city approximately $10 million every year in energy costs. The implementation of such initiatives across the rest of the U.S. will greatly fuel the revenue graph of the smart lighting market.

Favorable government incentives in North America
In terms of product, the North America smart lighting segment is slated to account for more than 80% of the global industry share by the end of the forecast time period. This anticipated growth is ascribed to increased deployment of smart lighting solutions across residential and commercial sectors, mainly to benefit from the energy efficiency as well as cost savings offered by smart lighting systems. More specifically, the luminaires segment is likely to exhibit the fastest growth, recording a CAGR of more than 20% over the forthcoming time period.

Rising demand for smart fixtures and bulbs is expected to grow owing to the incentives offered by the U.S. Federal Government. These incentives are mainly intended for commercial and residential entities to promote the use of energy efficient lighting solutions.

Request for customization @

Expanding smart home and infrastructure across North America

In terms of technology, North America industry scape is anticipated to register high growth and is likely to exhibit a CAGR of the around 30% over the forthcoming time period. Increasing implementation of various wireless communication technologies like Zigbee, Wi-Fi, and Bluetooth into the smart lighting solutions is supporting the steady growth of the regional technology segment.

In fact, the Wi-Fi segment is likely to grow at a strong CAGR of around 35% over the forecast time period. At present, modern smart lighting solutions are upgrading the connectivity since Wi-Fi hotspots would help enhance traffic and public safety by helping the implementation of smart navigation systems and parking technologies.

Increasing installation of smart street lighting systems in Europe

The outdoor lighting industry is expected to significantly drive the Europe smart lighting market over the forthcoming time period. This anticipated growth is ascribed to the rising popularity of smart street lighting systems across the region.

Additionally. favorable initiatives by regional organizations for setting up smart street light networks would also stimulate the growth of the outdoor lighting segment. Moreover, EU sponsored projects such as the “Intelligent Road and Street lighting in Europe” would further add to the regional growth graph over the analysis period.

Rising demand from Europe commercial lighting sector

In terms of application, the Europe smart lighting market is expected to be largely driven by the commercial lighting sector over the coming years. Back in 2017, the segment held 40% share of the Europe smart lighting market. With shifting focus towards sustainability in the region, the Europe market is anticipated to register momentous growth in coming years. In fact, increasing demand for energy efficient lighting solutions that can reduce the overall energy consumption costs would majorly drive the revenue graph. The European government is actively limiting the adoption and use of low energy-efficient lighting solutions like halogen and incandescent lamps across the commercial sector, driving consumers towards smart lighting systems.

Notable contribution from Europe’s residential sector

The Europe residential lighting segment is anticipated to drive remunerative growth into the regional smart lighting industry. In fact, the Europe residential segment is expected to witness a respectable CAGR of more than 20% over the projected time period. Increasing awareness among consumers about the cost-benefits of highly efficient LED lighting systems would serve as a main driver for the segmental growth.

Rising adoption of smart lighting products in China
China smart lighting market is likely to witness high growth over the coming years. In 2017, the region held a majority share of over 25% of the overall APAC smart lighting market. The key products in China smart lighting market include high-density discharge lamps, LED, and CFL. Among these, the high-density discharge lamps are still in their developing stage across China.

Growing demand for cost-effective lighting systems in India

Smart lighting market in India is anticipated to witness a respectable CAGR of more than 30% over the projected time period. The Country’s energy consumption is expected to grow at a rate of nearly 4.2% per year till 2035, which is considerably faster than all the other developed nations globally. The demand for energy-efficient lighting systems in the country is anticipated to grow at a moderate rate over the forthcoming time period. Since 2008, India has been considered as the second largest energy consumer across the Asia Pacific, with approximately 35 million streetlights installed, consuming nearly 3,400 MW of energy. This presents a vast growth potential to the industry in the long term.

Cooper Industries (Eaton), Legrand, Schneider Electric, Zumtobel, Philips Lighting, Bridgelux, Hubbell, GE Lighting, Acuity Brands, Silver Spring Networks, OSRAM, Tvilight and Cree among many others are some of the key players operating in the smart lighting market.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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.

This release was published on openPR.

Permanent link to this press release:

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 top players - Philips Lighting, Osram, GE Lighting, Cree, Schneider Electric, Echelon Corporation, Acuity Brands, Silver Spring Networks, Deako, and Tvilight here

News-ID: 2280023 • Views: 247

More Releases from Global Market Insights, Inc.

Marine Gensets Market Estimated to Expand at a Robust CAGR by 2025 | Key players …
Global Market Insights add New Global Marine Gensets Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, Marine Gensets industry landscape, size and forecast, five forces analysis, Key leading countries/Region. Growing investment in the shipping industry along with rising seaborne import and export activities across emerging economies is set to incite the marine gensets business outlook. An increase in inter-regional trade
Electric Fuse Market is Rapidly Growing with Huge Application Scope & Opportunit …
Global Electric Fuse Market Report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges. Request a sample of this research report @ With ongoing grid modernization initiatives and increasing usage of power equipment for wide range of applications, need for efficient protection
HVDC Cables Market to See Huge Growth by 2027 | Toshiba Corporation, Mitsubishi …
HVDC Cables Market report gives attention to market segmentation, market size, and forecast of 2021-2027 to help stakeholders in making a good decision for the future investments. HVDC Cables industry report segmented into types, application, and regions with providing production, revenue, import/export. Request a sample of this research report @ Driven by the adoption of technologically advanced products and grid modernization across T&D networks, the HVDC cables market might grow at
Solar District Heating Market Growth & Key Business Strategies by Leading Indust …
Global Market Insights, Inc., adds Global Solar District Heating Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Request a sample of this research report @ Increasing adoption of sustainable energy systems along with stringent regulations introduced by governments towards emission control will positively influence solar district heating

All 5 Releases

More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining