Press release
Global Smart Lighting Market Size To Grow At A CAGR Of 20% In The Forecast Period Of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Smart Lighting Market Size, Share, Price Trends, Industry Report, Key Players, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 20%
The global smart lighting market is expected to register growth during the forecast period on account of the growing number of smart city projects due to the increase in the usage of smart lighting in highway and roadway applications. The surging innovations in advanced LED lamps along with the integration of strong Wi-Fi communications modules in lighting are further expected to fuel the market sales of smart lighting across the globe.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/smart-lighting-market/requestsample
The increasing demand for smart lighting to boost the appearance of buildings is expected to enhance the market statistics over the coming time frame. In home settings, the shifting focus of consumers towards energy-efficient lighting along with the growing demand for Li-Fi technology-equipped products are expected to positively influence the market growth of smart lighting globally.
The increasing adoption of IoT devices along with the ability of lights to link with IoT devices and generate a range of environmental lighting by using tablets or smartphones is likely to drive the smart lighting market over the coming years. This is likely to enhance the popularity and demand for smart lighting across residential and commercial spaces.
Smart Lighting Industry Definition and Major Segments
Smart lighting refers to individual lights and lighting systems that can be integrated with technology for improved performance such as automatic adjustment of lights, scheduled on and off, remote access, and integration with Internet of Things and other networks. They can also connect to apps and smart home assistants, or other smart accessories so anyone can automate their lights and control them from anywhere. These abilities offer greater flexibility and optimised usage for enhanced cost savings.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/smart-lighting-market
Based on offering, the market is segmented into:
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation
By communication technology, the market is bifurcated into:
Wired
Wireless
Based on installation type, the market is segmented into:
New Installation
Retrofit Installation
By light source, the market is classified into:
LED Lamps
Fluorescent Lamps
Compact Fluorescent Lamps
High Intensity Discharge Lamps
Others
On the basis of application, the market is categorised into:
Commercial
Residential
Public Infrastructure
Others
Based on region, the market is divided into:
North America
Latin America
Asia Pacific
Europe
Middle East and Africa
Smart Lighting Market Trends
Deployment of devoted LED luminaires as well as LED replacement smart lamps are increasing due to the growing lighting industry which is further expected to propel the smart lighting market growth. Continuous advancements in smart lighting technology are further likely to bolster the market growth of smart lighting across the globe over the coming years.
Geographically, the North America region is likely to witness significant growth in the smart lighting market share over the forecast period on account of the rising acceptance of smart lighting by consumers. Moreover, numerous key players, like Acuity Brands Lighting, Inc, and Honeywell have launched smart lighting solutions with the newest technologies, promoting the adoption of smart lighting solutions across North America.
Meanwhile, Europe is anticipated to gain momentum over the coming years in the smart lighting market growth on account of the strong presence of key market players like Signify S.A., and OSRAM GmbH, among others, along with their initiatives to enhance the sale of smart lighting. With requirements for uniformity in design and safety performance for indoor commercial smart lighting for roadways, parking, and garages, the market demand for smart lighting is likely to enhance across the region.
Key Market Players
The major players in the global smart lighting market report are Signify S.A., Acuity Brands Lighting, Inc, Honeywell, Legrand S.A., OSRAM GmbH, Cree Lighting, and General Electric Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Weight Management Market: https://www.marketwatch.com/press-release/weight-management-market-size-share-report-growth-analysis-price-trends-key-players-and-forecast-period-2023-2028-2022-12-07?mod=search_headline
LED Bulb Market: https://www.marketwatch.com/press-release/led-bulb-market-size-share-report-growth-analysis-price-trends-key-players-and-forecast-period-2023-2028-2022-12-08?mod=search_headline
Scientific Instruments Market: https://www.marketwatch.com/press-release/scientific-instruments-market-size-share-report-growth-analysis-price-trends-outlook-and-forecast-period-2023-2028-2022-12-08?mod=search_headline
Healthcare Big Data Analytics Market: https://www.marketwatch.com/press-release/healthcare-big-data-analytics-market-size-share-report-growth-analysis-price-trends-and-forecast-period-2023-2028-2022-12-09?mod=search_headline
Robotic Vacuum Cleaner Market: https://www.marketwatch.com/press-release/robotic-vacuum-cleaner-market-size-share-report-growth-analysis-price-trends-and-forecast-period-2023-2028-2022-12-09?mod=search_headline
Organic Acids Market: https://www.marketwatch.com/press-release/organic-acids-market-size-share-report-growth-analysis-price-trends-key-players-and-forecast-period-2023-2028-2022-12-12?mod=search_headline
Wireless Charging Market: https://www.marketwatch.com/press-release/wireless-charging-market-size-share-report-growth-analysis-price-trends-key-players-and-forecast-period-2023-2028-2022-12-12?mod=search_headline
Shock Wave Therapy Device Market: https://www.marketwatch.com/press-release/shock-wave-therapy-device-market-size-share-report-growth-analysis-price-trends-key-players-and-forecast-period-2022-2027-2022-12-14?mod=search_headline
Toluene Market: https://www.marketwatch.com/press-release/toluene-market-size-share-report-growth-analysis-price-trends-outlook-and-forecast-period-2022-2027-2022-12-14?mod=search_headline
Mushroom Market: https://www.marketwatch.com/press-release/mushroom-market-size-share-report-growth-analysis-price-trends-and-forecast-period-2021-2026-2022-12-14?mod=search_headline
Media Contact:
Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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 Global Smart Lighting Market Size To Grow At A CAGR Of 20% In The Forecast Period Of 2023-2028 here
News-ID: 2898310 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for Lighting
Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031
Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It…
