North America Smart Lighting Market Size to Reach 24.2 Billion by 2033 | Grow CAGR by 14.9%

North America Smart Lighting Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 14.9% (2025-2033)

Rising demand for energy-efficient lighting solutions and smart city initiatives is driving the growth of the North America smart lighting market. The North America smart lighting market size reached USD 6.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.2 Billion by 2033, exhibiting a growth rate (CAGR) of 14.9% during 2025-2033.

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North America Smart Lighting Industry Trends and Drivers:

The North America smart lighting market is undergoing significant transformation, driven by advancements in technology and a growing emphasis on energy efficiency. As consumers and businesses alike seek to reduce their energy consumption and carbon footprints, smart lighting solutions have emerged as a viable option. These systems, which incorporate LED technology and smart controls, allow users to adjust lighting levels, colors, and schedules through mobile applications or voice commands. The integration of Internet of Things (IoT) technology is further enhancing these capabilities, enabling real-time monitoring and management of lighting systems. This trend is particularly evident in commercial spaces, where smart lighting is being used to optimize energy usage and create dynamic environments that can adapt to different activities throughout the day. As awareness of the benefits of smart lighting continues to grow, including reduced energy bills and improved ambiance, the market is poised for substantial growth.

In addition to residential and commercial applications, the smart lighting market is also making significant inroads into urban infrastructure. Cities are increasingly adopting smart street lighting systems that utilize sensors and connectivity to adjust brightness based on real-time conditions, such as pedestrian presence or ambient light levels. This not only enhances public safety but also contributes to energy savings and reduced maintenance costs. Furthermore, the integration of smart lighting with other smart city initiatives, such as traffic management and environmental monitoring, is creating a more cohesive urban ecosystem. As municipalities invest in these technologies, they are also exploring funding options and partnerships to facilitate implementation. With the ongoing push for sustainable urban development and the adoption of smart technologies, the North America smart lighting market is expected to expand rapidly, offering innovative solutions that enhance both efficiency and quality of life in urban environments.

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North America Smart Lighting Industry Key Market Segmentation:

The report has segmented the market into the following categories:

Key Regions Analysed
● United States
● Canada
● Mexico

Analysis for Each Country

● Market by Offering
● Hardware
● Lights and Luminaires
● Lighting Controls
● Software
● Services
● Design and Engineering
● Installation
● Post-Installation

Market by Communication Technology
● Wired Technology
● Wireless Technology

Market by Installation Type
● New Installation
● Retrofit Installation

Market by Light Source
● LED Lamps
● Fluorescent Lamps
● Compact Fluorescent Lamps
● High Intensity Discharge Lamps
● Others

Market by Application
● Commercial
● Residential
● Public Infrastructure
● Others

Value Chain Analysis
● Key Drivers and Challenges
● Porters Five Forces Analysis
● PESTEL Analysis
● Government Regulations
● Competitive Landscape
● Competitive Structure
● Key Player Profiles

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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About Us

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.