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Smart Lighting Market Competitive Landscape, Growth Factors, Revenue Analysis, 2018–2025 | Reports And Data

08-09-2021 03:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report And Data

Smart Lighting Market

Smart Lighting Market

The Smart Lighting market, the market is expected to reach USD 22 Billion by 2025 from USD 7.93 Billion in 2018, at a CAGR of 20% between 2018 and 2025. Modernization and development of infrastructure to transform cities into smart cities, need for energy-efficient lighting systems, increasing adoption and decreasing cost of LEDs, increased demand for intelligent solutions for street lighting systems, and growing awareness about energy savings among consumers and governments worldwide are the major factors driving the growth of the market.

Significant research by input suppliers required for the establishment of a strong supply chain will drive the growth of the Smart Lighting market. At present, the lack of an established supply chain and distributed patent portfolio are the major restraints for the growth of the market. Huge investment requirement in infrastructure, equipment, and process development; and need for different manufacturing processes as well as equipment compatibility are the key challenges faced by Smart Lighting technology developers. Lack of universal open standards for aiding communication between all IoT devices is a major challenge for the commercialization of the technology in different products.

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Market Overview:

The information and communication technology sector is expanding at a robust pace over the recent past. Technological advancements in the ICT sector, Artificial Intelligence and robots, increasing demand for smartphones, laptops equipped with latest technologies, and growing adoption of cloud services and IOT are key factors boosting market growth. Rising investments in research and development activities, and increasing usage of internet services, social networking, are fueling global market growth. In addition, rising focus on data security, increasing enhanced techniques to store large amount of data and rising demand for smart and wireless devices are further fueling global Smart Lighting market growth.

Competitive Landscape:

The global Smart Lighting market is extremely competitive and Dominant players in the global Smart Lighting market are developing various strategies such as mergers and acquisitions, new product launches, investment in research and development activities, corporate deals, and partnerships to strengthen their market position and expand their product base.

Key companies operating in the market:

Philips Lighting (Netherlands), Hafele Group (Germany), Acuity Brands (US), OSRAM (Germany), Cree (US), Hubbell (US), Zumtobel Group (Austria), Honeywell (US), Legrand (France), Eaton (Ireland), Lutron Electronics (US), and General Electric (US)

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Key questions addressed in the global Smart Lighting market report:

What revenue CAGR is the global Smart Lighting market projected to register over the forecast period?

What are the key outcomes of Porter’s Five Force analysis of the global Smart Lighting market?

What are the key restraints hampering global market growth?

Which region is expected to account for largest revenue share between 2021 and 2028?

Which key players are operating in the global Smart Lighting market?

The global Smart Lighting market is further segmented into type and application:

Offering Outlook (Revenue, USD Million; 2018–2025)

Hardware

Software

Services

Communication Technology Outlook (Revenue, USD Million; 2018–2025)

Wired Technology

Wireless Technology

Application (Revenue, USD Million; 2018–2025)

Indoor Application

Outdoor Application

Installation Type Outlook (Revenue, USD Million; 2018–2025)

New Installation

Retrofit Installation

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Regional Analysis:

Regional Outlook of Smart Lighting Market:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Table Of Contents:

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018 - 2025

Chapter 3. Smart Lighting Market Segmentation & Impact Analysis

3.1. Smart Lighting Market Segmentation Analysis

3.2. Smart Lighting Market Value Chain Analysis, 2018-2025

3.3. Smart Lighting Market Impact Analysis

3.3.1. Market driver analysis

3.3.1.1. Modernization and Development of Infrastructure to Transform Cities into Smart Cities

3.3.1.2. Increased Demand for Intelligent Solutions for Street Lighting Systems

3.3.1.3. Need for Energy-Efficient Lighting Systems

3.3.1.4. Increasing Penetration and Decreasing Cost of LEDs

3.3.1.5. Growing Awareness About Energy Savings Among Consumers and Governments Worldwide

3.3.2. Market restraint analysis

3.3.2.1. Perception of Higher Costs of Installation and Limited Awareness About Payback Periods

3.3.2.2. Security and Privacy Issues in Smart Lighting Systems

3.3.3. Market opportunities

3.3.3.1. Advancement of Wireless Communication Technology for Smart Lighting Systems

3.3.3.2. Increasing Number of Smart City Projects

3.3.3.3. Development of IoT Technology for Smart Lighting

3.3.4. Market Challenges

3.3.4.1. Lack of Universal Open Standards for Aiding Communication Between All IoT Devices

3.4. Industry analysis - Porter's Analysis

3.5. Smart Lighting Market Competitive scenario, 2018

Chapter 4. Smart Lighting Market by Offering (Insights & Trends)

4.1. Smart Lighting Market share by Offering, 2018 & 2025

4.2. Hardware

4.2.1. Lights & Luminaires

4.2.1.1. Smart Bulbs

4.2.1.2. Fixtures

4.2.2. Lighting Controls

4.2.2.1. LED Drivers & Ballasts

4.2.2.2. Sensors

4.2.2.3. Switches & Dimmers

4.2.2.3.1. Switches

4.2.2.3.1.1. Manual On/Off Switches

4.2.2.3.1.2. Electronic Switches

4.2.2.3.2. Dimmers

4.2.2.3.2.1. Wired Dimmers

4.2.2.3.2.2. Wireless Dimmers

4.2.2.4. Relay Units

4.2.2.5. Gateways

4.3. Software

4.3.1. Local/Web-Based Software

4.3.2. Cloud-Based Software

4.4. Services

4.4.1. Design & Engineering

4.4.2. Installation Services

4.4.3. Post-Installation Services

Continued…

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About Us:
Reports and Data 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 client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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