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Wireless Smart Lighting Control System Market worth $18.83 billion by 2030, growing at a CAGR of 17.55% - Exclusive Report by 360iResearch

03-07-2024 05:11 PM CET | IT, New Media & Software

Press release from: 360iResearch

Wireless Smart Lighting Control System Market | 360iResearch

Wireless Smart Lighting Control System Market | 360iResearch

The "Wireless Smart Lighting Control System Market by Communication Technology (Bluetooth, Enocean, Wifi), Offering (Hardware, Services, Software), Installation Type, Application, Deployment - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Wireless Smart Lighting Control System Market to grow from USD 6.07 billion in 2023 to USD 18.83 billion by 2030, at a CAGR of 17.55%.

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A wireless smart lighting control system represents a technologically advanced solution designed to manage and control the lighting within residential, commercial, or public environments through wireless technology. This system allows users to remotely adjust the brightness, color temperature, and on/off state of lighting fixtures using mobile devices, computers, or smart home assistants. Wireless smart lighting control systems offer unparalleled flexibility, energy efficiency, and convenience by leveraging wireless communication protocols such as Wi-Fi, Bluetooth, ZigBee, or Z-Wave and are instrumental in creating dynamic lighting scenes tailored to various activities or times of day, contributing to enhanced ambiance, improved energy savings, and increased property value. The integration of the Internet of Things (IoT) and advancements in wireless communication technologies such as Bluetooth, Wi-Fi, and Zigbee have propelled the adoption of smart lighting control systems. However, high initial installation costs and concerns regarding data privacy and security hinder the adoption of wireless smart lighting control systems. The ongoing technological advancements and the growing emphasis on sustainable development in smart light control systems are expected to drive the market forward, making wireless smart lighting control systems an integral part of future smart homes and cities.

In the Americas, the market for wireless smart lighting control systems is set to experience notable growth, propelled by the significant uptake of smart home technologies and a concentrated focus on energy efficiency. In the United States, efforts to curb electricity use and enhance consumer convenience drive demand. The region is well-positioned for further growth due to a robust presence of major tech firms and an infrastructure well-suited for IoT and smart device integration. The Asia-Pacific region is poised for the swiftest expansion in this market, driven by swift urbanization, rising disposable incomes, and a pronounced shift towards smart city initiatives, particularly in nations such as China, Japan, and South Korea. The EMEA is a significant market for wireless smart lighting control systems, with Europe at the forefront due to high smart home device adoption. The Middle East is advancing through substantial smart city investments. The Middle East region's varied economic and technological dynamics offer opportunities to expand the wireless smart lighting control systems market.

Market Segmentation & Coverage:

This research report categorizes the Wireless Smart Lighting Control System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Communication Technology, market is studied across Bluetooth, Enocean, Wifi, Z-Wave, and Zigbee. The Enocean commanded largest market share of 29.95% in 2023, followed by Zigbee.

Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Lighting Controls and Lights & Luminaires. The Lighting Controls is further studied across Dimmers, Gateways, LED Drivers & Ballasts, Relay Units, Sensors, and Switches. The Lights & Luminaires is further studied across Fixtures and Smart Bulbs. The Hardware commanded largest market share of 67.53% in 2023, followed by Services.

Based on Installation Type, market is studied across New and Retro Fit. The New commanded largest market share of 83.69% in 2023, followed by Retro Fit.

Based on Application, market is studied across Commercial, Public, and Residential. The Commercial commanded largest market share of 45.70% in 2023, followed by Public.

Based on Deployment, market is studied across Indoor and Outdoor. The Indoor commanded largest market share of 52.54% in 2023, followed by Outdoor.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.66% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Wireless Smart Lighting Control System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Wireless Smart Lighting Control System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Wireless Smart Lighting Control System Market, highlighting leading vendors and their innovative profiles. These include Acuity Brands, Inc., Advanced Lighting Technologies, LLC, ams-OSRAM AG, Cisco Systems, Inc., Deako, Inc., Eaton Corporation Plc, General Electric Company, Gewiss S.p.A., Honeywell International Inc., Ideal Industries, Inc., Infineon Technologies AG, Itron, Inc., Koninklijke Philips N.V., Legrand S.A., Lutron Electronics Co., Inc., Murata Manufacturing Co., Ltd., Panasonic Holdings Corporation, Savant Systems, Inc., Schneider Electric SE, Siemens AG, Texas Instruments Incorporated, TVILIGHT Projects B.V., and Venture Lighting International.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wireless Smart Lighting Control System Market, by Communication Technology
7. Wireless Smart Lighting Control System Market, by Offering
8. Wireless Smart Lighting Control System Market, by Installation Type
9. Wireless Smart Lighting Control System Market, by Application
10. Wireless Smart Lighting Control System Market, by Deployment
11. Americas Wireless Smart Lighting Control System Market
12. Asia-Pacific Wireless Smart Lighting Control System Market
13. Europe, Middle East & Africa Wireless Smart Lighting Control System Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Wireless Smart Lighting Control System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wireless Smart Lighting Control System Market?
3. What is the competitive strategic window for opportunities in the Wireless Smart Lighting Control System Market?
4. What are the technology trends and regulatory frameworks in the Wireless Smart Lighting Control System Market?
5. What is the market share of the leading vendors in the Wireless Smart Lighting Control System Market?
6. What modes and strategic moves are considered suitable for entering the Wireless Smart Lighting Control System Market?

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Sales & Marketing,
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Opposite Phoenix Market City,
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India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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