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Smart Lighting Market Analysis and Forecast to 2033: Market Opportunities, Trends, and Pricing Analysis

02-27-2025 09:02 AM CET | Consumer Goods & Retail

Press release from: Evolve Business Intelligence

Smart Lighting Market Analysis and Forecast to 2033: Market

The Smart Lighting Market was valued at US$ 12.75 billion in 2020 and is expected to grow at a CAGR of 20.4% from 2022 to 2030. The market is driven by the integration of lighting controls with lamps and luminaires, enhancing automation, energy efficiency, and user convenience. The increasing adoption of IoT-enabled lighting solutions, along with the demand for smart city infrastructure and sustainable energy solutions, further accelerates market growth. However, security concerns associated with IoT-based lighting systems pose a challenge, as vulnerabilities in connected lighting networks could lead to cyber threats. Despite this, the market presents significant opportunities due to the rising demand for energy-efficient lighting solutions, government initiatives promoting LED adoption, and advancements in wireless communication technologies. As industries and residential sectors continue to adopt smart lighting systems, the market is expected to witness substantial expansion, driven by innovations in AI-based lighting controls and automation.

For More Information: https://evolvebi.com/report/global-smart-lighting-market-analysis/

The report includes 10 key players in the Smart Lighting market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• Signify (Philips Lighting)
• Legrand S.A.
• Acuity Brands Inc.
• Eaton Corporation
• General Electric Company
• OSRAM Licht
• Lutron Electronics
• Zumtobel Group
• Honeywell International Inc.
• Hubbell Incorporated

The Smart Lighting Market is highly competitive, with key players focusing on technological advancements, energy efficiency, and IoT integration. Signify (Philips Lighting) leads the market with its innovative connected lighting solutions, while Legrand S.A. and Acuity Brands Inc. focus on smart home automation and commercial lighting control systems. Eaton Corporation and General Electric Company contribute significantly through their industrial and infrastructure-focused lighting solutions. OSRAM Licht and Lutron Electronics specialize in advanced LED and intelligent lighting controls, enhancing both residential and commercial applications. Zumtobel Group and Honeywell International Inc. emphasize sustainable and energy-efficient lighting, catering to the growing demand for smart city projects. Hubbell Incorporated continues to expand its smart lighting portfolio, targeting industrial and outdoor applications. With increasing investments in AI-driven lighting solutions, wireless connectivity, and cloud-based lighting management, competition in the market is expected to intensify, driving further innovation and adoption of smart, adaptive lighting systems.

For sample report pages - https://evolvebi.com/report/global-smart-lighting-market-analysis/

Market Segment By Offering with focus on market share, consumption trend, and growth rate of Smart Lighting Market:
o Hardware
o Software
o Service

Market Segment By Communication Technology with focus on market share, consumption trend, and growth rate of Smart Lighting Market:
o Wired
o Wireless

Market Segment By Installation Type with focus on market share, consumption trend, and growth rate of Smart Lighting Market:
o New Installation
o Retrofit

Market Segment By End-Use with a focus on market share, consumption trend, and growth rate of Smart Lighting Market:
o Indoor
o Outdoor

Global Smart Lighting Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Benelux
o Nordic
o Rest of Europe

• Asia Pacific
o China
o Japan
o South Korea
o Indonesia
o Australia
o Malaysia
o India
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of the Middle East & Africa

For any customization, contact us through - https://evolvebi.com/report/global-smart-lighting-market-analysis/

Key Matrix for Latest Report Update
• Base Year: 2023
• Estimated Year: 2024
• CAGR: 2024 to 2034

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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