Press release
Smart Lighting Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Smart Lighting
How Big Is the Smart Lighting Market Size Expected to Be by 2034?
The scale of the smart lighting market has seen rapid expansion in the past few years. The value of the market is projected to rise from $18.09 billion in 2024 to around $21.23 billion in 2025, with a compound annual growth rate (CAGR) of 17.4%. Factors contributing to this growth during the historic period include the proliferation of voice assistant devices, robust economic growth in emerging markets, a low interest rate environment, enhanced internet penetration, and considerable investments.
The projections for the smart lighting market size suggest a spectacular growth trend in the coming years, with estimates reaching $45.9 billion by 2029. This growth, represented by a compound annual growth rate (CAGR) of 21.3%, can be attributed to several factors, including increased investment in energy-efficient infrastructure, progression towards smart cities, supportive governmental policies, and the surge in IoT. The expected trends during the predicted period include the manufacturing of Wi-Fi-compatible LED bulbs, the adoption of Li-Fi technology for high velocity wireless communication in workplaces, the investment in Human-Centric Lighting (HCL) for improved building efficiency and residents' safety, and the integration of IoT-managed lighting systems to improve user experience and safety. Companies are likely to adopt merger and acquisition strategies to broaden their product range and geographical reach. Besides, they may focus on launching new products to fulfill market requirements.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3091
What Are the Emerging Segments Within the Smart Lighting Market?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3091&type=smp
What Long-Term Drivers Are Shaping Smart Lighting Market Trends?
The smart lighting market's growth is fueled by government assistance in both developed and developing economies. The rise of the market in emerging regions is bolstered by greater disposable incomes, regulatory encouragement for energy-efficient lighting, and the integration of cutting-edge technologies. The application of a smart lighting system assures substantial cost savings and reduced energy usage. For example, the United States Department of Energy, a federal agency in the U.S., in its Congressional Budget Justification for FY 2025 published in March 2024, outlined a projected budget of roughly $18.06 billion for FY 2025, marking a 4.1% increase from FY 2023. The DOE frequently advocates for technologies that improve energy efficiency in various areas, including home and commercial lighting. As a result, supportive government strategies bolster the demand for smart lighting, thereby accelerating the smart lighting market's growth.
Who Are the Top Competitors in Key Smart Lighting Market Segments?
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
What Smart Lighting Market Trends Are Gaining Traction Across Different Segments?
The trend towards utilizing Li-fi (Light Fidelity) networks represents the current wave in the smart lighting market. Li-Fi, a technology that uses light-emitting diodes for data transmission, operates wirelessly through optical networking. The Li-fi lamps contain a minute chip which can modulate the light intended for data transport. Typically, traditional LED light bulbs found in most households are utilized for data transfer, enabling speeds of up to 224 gigabits per second. To keep up with this trend, PureLiFi introduced Light Antenna ONE, a LiFi module, in February 2023. Designed for mass integration into numerous devices, it is the first wireless communication antenna of its kind that allows LiFi to link devices on a large scale. Despite being smaller than a dime, the device is ready to facilitate LiFi on connected devices.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/smart-lighting-global-market-report
Which Regions Are Becoming Hubs for Smart Lighting Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Lighting Market?
2. What is the CAGR expected in the Smart Lighting Market?
3. What Are the Key Innovations Transforming the Smart Lighting Industry?
4. Which Region Is Leading the Smart Lighting Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Smart Lighting Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts here
News-ID: 4008225 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
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…
