Press release
Government Backing Drives Smart Lighting Market Growth Worldwide Driver: A Major Catalyst in the Evolution of the Smart Lighting Market in 2025
Smart Lighting Market Size
The expansion of the smart lighting market is fueled by support from governments in both developed and developing nations. The burgeoning growth of the smart lighting market within emerging economies is bolstered by a rise in disposable incomes, regulatory encouragement of energy-efficient lighting, and the inclusion of innovative technologies. High-cost savings and reduced energy consumption are guaranteed benefits of a smart lighting system. For instance, the US Department of Energy, a federal agency, declared in its FY 2025 Congressional Budget Justification published in March 2024 that the proposed budget for FY 2025 is roughly $18.06 billion, marking a 4.1% rise from FY 2023 levels. The initiatives frequently undertaken by the DOE often involve the endorsement of technologies that boost energy efficiency in numerous sectors, residential and commercial lighting included. Consequently, the increasing implementation of government schemes that foster demand for smart lights catapults the smart lighting market upwards.
Get Your Smart Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-lighting-global-market-report
What is the projected compound annual growth rate (CAGR) of the smart lighting market from 2025 to 2034, and what factors influence it?
There has been a swift expansion in the smart lighting market in the last few years. Its market value is anticipated to surge from $18.09 billion in 2024 to $21.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.4%. The significant growth in the past can be credited to factors such as the rise in voice assistant devices, robust economic development in emerging markets, favourable low interest rate conditions, heightened internet penetration, and sizeable investments.
There is a predicted surge in the smart lighting market in the upcoming years, with it potentially reaching a substantial $45.9 billion by 2029, growing at a compound annual growth rate of 21.3%. This projected rise over the forecast period is due to increased interest in energy-efficient infrastructure, the development of smart cities, supportive government measures, and the rise of IoT. Some anticipated trends during this forecast period are the production of wi-fi enabled LED bulbs, the application of Li-Fi technology for ultra-fast, bidirectional wireless communications in workplaces, investing in Human-Centric Lighting (HCL) to increase building efficiency for resident safety, utilizing IoT smart lighting to improve user experience and safety, expanding their current product range and geographical reach through mergers and acquisitions, and concentrating on launching new products to meet market demand.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3091&type=smp
What trends are poised to drive the future success of the smart lighting market?
The latest trend in the smart lighting sector involves the adoption of Li-fi (Light Fidelity) network technology. Li-Fi leverages light-emitting diodes (LEDs) as a medium for data transmission in a wireless optical networking setup. The Li-fi light bulbs feature a miniature chip that controls the light necessary for transmitting data. Ordinary LED light bulbs found in domestic environments are utilized to facilitate data transfers with a speed limit of 224 gigabits per second. To stay in tune with this progression, PureLiFi rolled out Light Antenna ONE, a LiFi module, in February 2023, targeting mass integration into numerous devices. This revolutionary wireless communication antenna, smaller than a dime, will amplify LiFi connection accessibility on connected devices.
What are the major segments of the smart lighting market and their role in driving growth?
The smart lighting market covered in this report is segmented -
1) By Product: Smart Bulbs, Fixtures, Lighting Controls
2) By Light Source: LED, HID, Other Light Sources
3) By Communication Technology: Wired, Wireless
4) By Application: Commercial, Government, Residential, Other Applications
Subsegments:
1) By Smart Bulbs: LED Smart Bulbs, Smart Incandescent and CFL Bulbs, Wi-Fi-Enabled and Bluetooth-Enabled Smart Bulbs
2) By Fixtures: Smart Ceiling Lights, Smart Wall Sconces and Outdoor Lighting Fixtures, Smart Table and Floor Lamps
3) By Lighting Controls: Smart Switches and Dimmers, Smart Motion Sensors and Timers, Centralized Control Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3091
Which regions are key players in the growth of the smart lighting market?
North America was the largest region in the smart lighting market in 2024. Western Europe was the second-largest region in the global smart lighting market share. The regions covered in the smart lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the smart lighting market?
Major companies operating in the smart lighting market include Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding, Eaton, Legrand S.A, Acuity Brands Inc., Wipro, Zumtobel Group AG, OSRAM GmbH, Philips Investment Co. Ltd, Cree company china, SSK Group, Halonix, Param LED Products, MLS Lighting, NVC International Holdings Limited, OPPLE Lighting, San'an Optoelectronics Co., Ltd, Meka Electric Corporation, YEELIGHT, Odeer Lighting, Longhorn Intelligent Tech Co., LTD, Contrac Lighting, PULSAR, Apollo Lighting Ltd, LED Light Vision, FLUX LIGHTING, Eleti Lighting Germany, ELEKTRA GMBH, NEONICA POLSKA, ART META, Altavola Design, Lumines Lighting, TREVOS, Varton, GE Lighting, LSI Industries Inc., Energy Focus, Inc., Lumileds, Deco Lighting, Light Tool Industries E Comercio Ltd., Studio dois emme iluminação, Veta Energia, Idoler Iluminacion, Ledolas, Lutron, Hafele
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=3091&type=smp
What Is Covered In The Smart Lighting Global Market Report?
• Market Size Forecast: Examine the smart lighting market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the smart lighting market for a structured understanding.
• Key Players Overview: Analyze major players in the smart lighting market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart lighting market.
• Segment Contributions: Evaluate how different segments drive overall growth in the smart lighting market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart lighting market.
• Industry Challenges: Identify potential risks and obstacles affecting the smart lighting market.
• Competitive Landscape: Review strategic developments in the smart lighting market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Government Backing Drives Smart Lighting Market Growth Worldwide Driver: A Major Catalyst in the Evolution of the Smart Lighting Market in 2025 here
News-ID: 3901202 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Light
Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
