Global Smart Lighting Market: Key Players, Trends & Forecast - Digital Lumens, Legrand S.A., Acuity Brands INC.

Smart Lighting Market is growing at a CAGR of 27 % in the forecast period (2024-2031)

Smart Lighting Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Smart lighting refers to advanced lighting systems that integrate sensors, wireless connectivity, and automation for energy efficiency and convenience. These systems allow users to control brightness, color temperature, and scheduling through mobile apps, voice assistants, or motion detection. Smart lighting enhances security with features like remote access and adaptive brightness. It is widely used in homes, offices, and public spaces to reduce energy consumption and improve ambiance. The adoption of LED technology, IoT integration, and sustainability initiatives are accelerating the growth of smart lighting solutions.

List of the Key Players in the Smart Lighting Market:

Digital Lumens, Legrand S.A., Acuity Brands INC, Silver Spring Inc., and Zumtobel. Other key players in the market include Lutron Electronics, Encelium Technologies, Osram GmbH, Royal Philips, and Honeywell.

Industry Development:

In January 2019, Ring, a company dedicated to enhancing neighborhood security, unveiled its latest home security product line, Ring Smart Lighting, at CES 2019. Designed to provide an affordable and easy-to-install outdoor lighting solution, Ring Smart Lighting features motion-sensing technology to brighten dark areas around homes. The product became available for purchase on Ring.com and Amazon.com, with shipments beginning on March 6, 2019.

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Growth Forecast Projected:

The Global Smart Lighting Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Smart Lighting Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Smart Lighting Market:

By Product Type: Wired, Wireless.

By Lighting Source: LED, Fluorescent, Incandescent.

By Application: Indoor, Outdoor.

Regional Analysis for Smart Lighting Market:

The regional analysis of the Smart Lighting Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Smart Lighting market?

➠ Who are the leading manufacturers in the global Smart Lighting industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Smart Lighting industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Smart Lighting market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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