Press release
Smart Lighting Market is projected to reach USD 48.78 Bn by 2029, growing at a CAGR of 20.6 % during the forecast period
Smart Lighting Market
Report Scope: Comprehensive analysis of the global Smart Lighting Market trends from 2017 to 2029, with a focus on the impact of lockdown, market dynamics, and regional insights.
Research Methodology: The report incorporates rigorous research methods, including a detailed study of 2022 as the base year, assessment of lockdown impact, and strategic analysis of companies during lockdown.
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Smart Lighting Market Dynamics:
Smart lighting, also known as connected lighting, is seamlessly integrated into city infrastructure or building IT networks, transmitting operational information. For example, smart street lights with IoT connectivity enhance safety, monitor environmental conditions, provide parking and traffic information, and aid in municipal surveillance. Smart lights are equipped with sensors, making them intelligent data collection points for activity patterns, light levels, occupancy, temperature, and humidity changes. This data is vital for government agencies to respond effectively and monitor city activities.
However, the report highlights security and privacy concerns as primary challenges for smart lighting systems. Hackers can potentially gain access to control various smart systems, posing serious risks.
Smart Lighting Market Regional Insights:
Europe dominated the smart lighting market in 2022, setting performance and safety standards, particularly for indoor commercial lighting. The report notes the emergence of dedicated LED luminaires and replacement smart lamps as key growth areas, attracting both existing and new manufacturers.
Asia Pacific, driven by countries like China, Japan, India, and South Korea, is expected to witness significant growth. Smart city initiatives, commercial building construction, and shifting lighting trends are creating new demand in the region.
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Smart Lighting Market Segmentation:
by Offering
Hardware
Software
Services
by Installation Type
New Installations
Retrofit Installations
by Communication Channel
Wired
Wireless
by End-User
Indoor
Outdoor
Smart Lighting Market Key Players:
1. Philips Lighting
2. Acuity Brands
3. Osram
4. Cree
5. General Electric (GE + Current)
6. Eaton
7. Honeywell
8. Legrand
9. Hubbell Lighting
10.Zumtobel Group
11.Hafele Group
12.Lutron Electronics
13.Wipro Consumer Care and Lighting
14.Streetlight.Vision
15.Virtual Extension
16.Syska LED
17.Leviton Manufacturing
18.Switchmate, Inc.
19.Gooee
20.Lifx
21.Isotera
22.Ketra
23.Tao Light
24.Nualight Limited
To Know More Details of Report: https://www.maximizemarketresearch.com/market-report/smart-lighting-market/2275/
Table of content for the Smart Lighting Market includes:
1. Global Smart Lighting Market: Research Methodology
2. Global Smart Lighting Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Smart Lighting Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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