At 18.2% CAGR Smart Lighting Market To Reach US$ 33.94 Billion By 2027 | Acuity Brands Inc., Legrand S.A., Zumtobel AG

Smart Lighting Market is valued at USD 10.53 Billion in 2018 and expected to reach USD 33.94 Billion by 2025 with a CAGR of 18.2% over the forecast period.

The Smart Lighting Market report provides independent information about the Smart Lighting industry supported by extensive research on factors such as industry segments size & trends, inhibitors, dynamics, drivers, opportunities & challenges, environment & policy, cost overview, porter’s five force analysis, and key companies profiles including business overview and recent development.

Market Analysis of Smart Lighting-
Smart lighting is a lighting that user can control from an app, usually on their Apple or Android phone. The app enables user to change the brightness of the bulbs, and if the bulbs have colored LEDs user can change their colours too. It allows users to control light wirelessly with their phone, tablet, or smart assistant, such as Google Assistant or Amazon Alexa. For example; Smart LED bulbs contain software that connects to an app, smart home assistant, or other smart accessory so users can automate their lights or control them remotely, eliminating the need for traditional wall switches. Smart lighting solutions using networked technology represent an interesting opportunity for cities such as; huge reduction of energy and maintenance cost, increased public safety from improved lighting, safer traffic due to increased visibility of hazards, measurable environmental impact due to reduced energy consumption. All these advantages of smart lighting increases the demand for smart lighting solutions.

Major Company Profiles Covered in This Report
Some major key players for Global Smart Lighting Market are Acuity Brands, Inc., Legrand S.A., Lutron Elecronics, Co., Streetlight Vision, Encelium Technologies, Inc., Zumtobel AG, Digital Lumens, Inc., Royal Philips Electronics N.V., Honeywell International, Osram Licht AG and others.

Smart Lighting Market Latest Research Report 2021:

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In this report, our team offers a thorough investigation of Smart Lighting Market, SWOT examination of the most prominent players right now. Alongside an industrial chain, market measurements regarding revenue, sales, value, capacity, regional market examination, section insightful information, and market forecast are offered in the full investigation, and so forth.

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Smart Lighting Market.

Key Benefits for Smart Lighting Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer Smart Lighting market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Smart Lighting market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Smart Lighting market. This is done with an aim of helping companies in

Quantitative analysis of Smart Lighting Market
• Industry landscape and trends
• Market dynamics and key issues
• Technology landscape
• Market opportunities
• Porter’s analysis and PESTEL analysis
• Competitive landscape and component benchmarking
• Policy and regulatory scenario

Smart Lighting Market Report Covers the Following Segments:

By Lighting Type:
• LED Lamps
• High Intensity Discharge Lamp
• Fluorescent Lamp
• Others

By Component:
• Relays
• Sensors
• Controllable Breakers
• Dimmer Actuators
• Switch Actuators
• Others

By Application:
• Residential
• Commercial & Industrial
• Public & Government Constructions
• Others

By Regional & Country Level:
• North America
• U.S.
• Canada
• Europe
• U.K.
• France
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Southeast Asia
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

Increasing Demand for Energy Efficient Lighting Solutions is the Key Factor Driving the Market Growth.

The major factor driving the growth of global smart lighting market is increasing demand for energy efficient lighting solutions in commercial and residential construction. In addition, rising disposable income and purchasing power of consumers are also supplementing the demand for smart lighting solutions. The increasing number of smart buildings coupled with the government initiatives for smart city projects are also fostering the growth of global smart lighting market. For example; Up until 2016, China had 542 cities under Smart City development and that number is expected to only increase (China Academy of Information and Communication Technology, 2018) with rising government investment into this industry. It is estimated that the annual amount of investment into Smart City projects will rise from 375.2 billion CNY (approximately USD 55 billion) in 2017 to 1.23 trillion CNY (approximately USD 181.7 billion) in 2021. Furthermore, increasing adoption of LED lights owing to its various advantages over traditional lighting solutions such as; it has long lifespan, environmentally friendly, generally consumes very low amounts of power, emits almost no forward heat, LED devices are extremely small, have great color rendering index (CRI) and others are also augmenting the demand for smart lighting solutions.

However, high installation cost may hamper the market growth. In spite of that, increasing advancements in the field of more innovative and affordable smart lighting solutions can provide various opportunities for the further growth of the market.

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What Smart Lighting Market Reports Provides
• Full in-depth analysis of the parent market
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments

Also, Research Report Examines:
• Competitive companies and manufacturers in global market
• By Product Type, Applications & Growth Factors
• Industry Status and Outlook for Major Applications / End Users / Usage Area

Market Overview: The report begins with this section where product overview and highlights of product and application segments of the global Smart Lighting Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

Competition by Company: Here, the competition in the Worldwide Smart Lighting Market is analyzed, By price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.

Company Profiles and Sales Data: As the name suggests, this section gives the sales data of key players of the global Smart Lighting Market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the global Smart Lighting Market.

Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Smart Lighting Market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.

Application or End User: This section of the research study shows how different end-user/application segments contribute to the global Smart Lighting Market.

Market Forecast: Here, the report offers a complete forecast of the global Smart Lighting Market by product, application, and region. It also offers global sales and revenue forecast for all years of the forecast period.

Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.

Table of Content
Chapter 1 Global Smart Lighting Market: Summary and Quantitative Analysis
1.1Report Description
1.2Global Smart Lighting Market Revenue Overview
1.3Global Smart Lighting Market Revenue (USD Billion) and Growth (%) Rate, 2021- 2027
Chapter 2 Global Smart Lighting Market: Overview and Qualitative Analysis
2.1Executive Summary
2.2Market Drivers
2.3Market Restraints
2.4Market Opportunities
2.5Market Trends
2.6Global Smart Lighting Market: SWOT Analysis
2.7Global Smart Lighting Market: PEST Analysis
2.8Global Smart Lighting Market: Attractiveness Analysis
2.8.1Global Smart Lighting Market: Attractiveness Analysis by Type
2.8.2Global Smart Lighting Market: Attractiveness Analysis by Application
2.8.3Global Smart Lighting Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1Global Smart Lighting Market
3.1.1Global Smart Lighting Market Revenue (USD Billion), By Players 2021
3.1.2Global Smart Lighting Market Revenue Share (%), By Players 2021
Chapter 5 Global Smart Lighting Market: By Types
5.1Global Smart Lighting Market Share (%), By Types, 2021
5.2Global Smart Lighting Market Revenue (USD Billion), By Types, 2021 – 2027
5.3Global Smart Lighting Market Revenue (USD Billion), T1,2021-2027
5.4Global Smart Lighting Market Revenue (USD Billion), T2,2021-2027
5.5Global Smart Lighting Market Revenue (USD Billion), T3,2021-2027
5.6Global Smart Lighting Market Revenue Share (%), By Types, 2021 – 2027
5.7Global Smart Lighting Market Revenue Market Share (%), By Types, 2021-2027
Chapter 6 Global Smart Lighting Market: By Application
Continued…

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