Smart Lighting Market Trends, Growth, Statistics, Key Players and Analysis by 2022-2027

According to IMARC Group's latest report, titled "𝐒𝐦𝐚𝐫𝐭 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global smart lighting market size reached a value of US$ 11.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.5 Billion by 2027, exhibiting at a growth rate (CAGR) of 21.5% during 2022-2027.

The Report offers a comprehensive analysis of the industry, which comprises insights on the global market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Smart-lighting refers to a technology that enables efficient use of light resources with power-saving fixtures and offers automated controls. Smart-lighting products are mainly comprised of a wall keypad and touchscreen panel. The lightings can also be operated through a smartphone, tab, or laptop. Owing to these attributes, smart lighting system finds widespread application in commercial, industrial and residential sectors.

𝐒𝐦𝐚𝐫𝐭 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬: https://www.imarcgroup.com/smart-lighting-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐒𝐦𝐚𝐫𝐭 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Consistently rising energy consumption, along with the growing demand for electricity across the globe, is primarily driving the market growth. Furthermore, consumers are also increasingly adopting smart lighting products due to their cost efficiency and remote accessibility through smartphones and voice-command features, which in turn is providing a positive outlook to the market.

Besides this, Smart lighting serves as an essential tool in smart-city development since a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment. To combat this, governments across countries have started to equip existing tunnels, roads, and public areas with smart lighting equipment that works according to the occupancy and traffic on the road. All the above-mentioned factors are expected to further bolster the market growth in the coming years.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=1218&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The report has also analysed the competitive landscape of the market with some of the key players.

• Philips Lighting
• Acuity Brands
• Osram
• Cree
• General Electric Company
• Eaton
• Honeywell
• Legrand
• Hubbell Lighting
• Zumtobel Group
• Hafele Group
• Lutron Electronics
• Wipro Consumer Care and Lighting
• Vision
• Virtual Extension
• Syska LED

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on offering, communication technology, lnstallation type, light source and application.

Breakup by Offering:
• Hardware
o Lights and Luminaires
o Lighting Controls
• Software
• Services
o Design and Engineering
o Installation
o Post-Installation

Breakup by Communication Technology:
• Wired Technology
• Wireless Technology

Breakup by Installation Type:
• New Installation
• Retrofit Installation

Breakup by Light Source:
• LED Lamps
• Fluorescent Lamps
• Compact Fluorescent Lamps
• High Intensity Discharge Lamps
• Others

Breakup by Application:
• Commercial
• Residential
• Public Infrastructure
• Others

Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=1218&flag=C

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

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