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Major Growth Driver Identified in 2025 Smart LED Bulbs Market: Smart Cities Drive Growth In The Smart Led Bulb Market
Smart LED Bulbs Market Size
Smart LED Bulbs Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for smart LED bulbs has seen significant expansion in previous years. The market, which is projected to develop from $16.95 billion in 2024 to $20.98 billion in 2025, boasts a compound annual growth rate (CAGR) of 23.8%. Factors such as increased energy efficiency and cost-saving initiatives, integration into smart homes, commitment to environmental sustainability, ease of use and automation, and diminishing costs of LED technology are all contributing to progress seen during the historic period.
Smart LED Bulbs Market Size Forecast: What's the Projected Valuation by 2029?
Predictions suggest a rapid increase in the market size of smart LED bulbs in the imminent years, with figures expected to hit $39.9 billion in 2029, exhibiting a Compound Annual Growth Rate of 17.4%. This forecasted growth can be ascribed to the incorporation of voice assistants, the introduction of health and wellness lighting features, the expansion of smart lighting in commercial spaces, advances in connected lighting, and governmental energy efficiency initiatives. Noteworthy trends within the forecast period encompass the integration of circadian rhythms and human-centric lighting, the acceptance of thread protocol for connectivity, the integration of advanced sensors, the growth of smart led strips and panels, as well as the escalating adoption of bluetooth mesh networking.
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What Are the Drivers Transforming the Smart LED Bulbs Market?
The acceleration of smart city advancements is a prime catalyst propelling the expansion of the smart LED bulb industry. The illumination systems in these technologically advanced cities will play a critical role in shaping the future, with LED lighting systems being the preferred choice for street lights. As more cities become smart, industries dealing with lighting control systems are likely to see progress, as national regions will encounter a profound change in light management methods. For instance, the Smart City Index Report produced by the International Institute for Management Development (IMD), based in Switzerland, stated that the number of smart cities witnessed a rise from 118 in 2021 to 141 in 2023, in April 2023. As such, this progression in the creation of smart cities is anticipated to fuel the growth of the smart LED bulb industry.
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What Long-Term Trends Will Define the Future of the Smart LED Bulbs Market?
One significant trend observed in the smart LED bulbs market is the evolution of Wi-Fi-enabled LED bulbs. These bulbs access the home's Wi-Fi router, eliminating the need for an additional network, thereby reducing clutter and related issues. The use of these Wi-Fi-capable lights can be easily managed through the brand-affiliated application and can also be aligned with smart assistants like Alexa and Google for efficient light monitoring. Lifx is emerging as a key player in Wi-Fi LED lights, often viewed in competition with Philips. Despite Lifx products being higher priced than Philips, they are regarded as superior due to their brighter light, longer lifespan, and ability to emit infrared light in the darkness- a feature ideal for outdoor and porch fixtures in proximity to security cameras.
Which Segments in the Smart LED Bulbs Market Offer the Most Profit Potential?
The smart LED bulbs market covered in this report is segmented -
1) By Technology: Wired Technology, Wireless Technology
2) By Installation Type: New Installation, Retrofit
3) By Application: Indoor Lighting, Outdoor Lighting
Subsegments:
1) By Wired Technology: Power Line Communication (PLC), Zigbee Wired Solutions
2) By Wireless Technology: Wi-Fi Enabled Bulbs, Bluetooth Enabled Bulbs, Zigbee Wireless Solutions, Z-Wave Wireless Solutions
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Which Firms Dominate the Smart LED Bulbs Market by Market Share and Revenue in 2025?
Major companies operating in the smart LED bulbs market include General Electric Company, Panasonic Corporation, LG Electronics Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd, Eaton Corporation plc, Koninklijke Philips N.V., Wipro Enterprises Ltd, Legrand S.A., Signify N.V., OSRAM Licht AG, Hubbell Incorporated, Acuity Brands Lighting Inc., Dialight PLC, Zumtobel Group AG, Cree Inc., Lutron Electronics Co. Inc., Leviton Manufacturing Company Inc., Helvar Ltd, Synapse Wireless Inc., Enlighted Inc., LightwaveRF PLC, TVILIGHT B.V, Adesto Technologies Corporation, RAB Lighting Inc.
Which Regions Offer the Highest Growth Potential in the Smart LED Bulbs Market?
Asia-Pacific was the largest region in the smart LED bulbs market in 2024. Western Europe was the second-largest region in the global smart LED bulbs market share. The regions covered in the smart led bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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