Global Smart Lighting Market Size by Installation

The GMI Research anticipates that the Smart Lighting Market will experience an intensification in demand over the forecast period. This is because of the emergence of wireless technologies, ongoing establishment in electronic and sensor technology, and the potential to raise visibility on roads.

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Introduction of the Smart Lighting Market

Smart lighting refers to sophisticated lighting technology primarily intended to offer a power-saving way to control the lighting systems of homes and buildings. It primarily includes enhancing efficiency fixtures and mechanized controls, which adapt the lighting system depending on several conditions such as daylight accessibility. These systems help reducing energy consumption, conserve money, and enhance safety levels while allowing generating a complete smart home.

Key Players of Market:

Legrand
Signify Holding
Acuity Brands Lighting, Inc.
Hubbell Incorporated
General Electric Company
Eaton Corporation
OSRAM GmbH.
Lutron Electronics
Leviton Manufacturing Co.
Zumtobel Group AG
Honeywell International Inc.

Smart Lighting Market Dynamics

The growing evolution of incorporated lighting systems and the aggravating smart city projects across emerging nations throughout the globe has amplified the growth of the global smart lighting market. In addition, governments across enormous nations are increasingly emphasizing initiating viable smart cities using information and communication technologies (ICTs) to enhance the effectiveness of urban function and services, life quality to cater to the needs of existing and upcoming generations compared to social, environmental, and economic features. For example, the government of Dubai introduced the "Dubai Plan 2021," emphasizing to modify the city into a foremost smart city.

Besides this, the increasing consciousness concerned with features of LEDs and their reducing prices will positively impact the market growth. This is because LED lights proffer enormous advantages such as power saving, enlarged lifespan, and working in acute temperatures. Also, the incorporation of lighting systems with smartphones, as well as the establishment of enormous smart home systems like Google Assistant, Amazon Alexa, and Samsung SmartThings Hub, will pave the way for Smart Lighting Market Size.

Nevertheless, the sudden spread of the coronavirus crisis has negatively influenced the market growth. The stringent lockdown imposed across the nations influenced the raw material supply of electronic components because of the shutdown of production plants in China. The swift disturbance in the supply chain resulted in a sharp fall in demand for smart lighting systems. Nevertheless, the market is predicted to rebound in 2021 while expanding at a significant rate from 2022 onwards.

Offering Segment Drivers

Based on offering, the market is subdivided into Software, Hardware, and Services. Amongst which, the hardware is contemplated to witness a higher rate during the forecast period. This is due to the ongoing product invention in the lighting controls, which include lamps and luminaries. Furthermore, the incorporation of lighting control products with lights & luminaries allowed the enclosure of software on microcontrollers, thereby offering a competitive advantage to the system. These systems proffer sensors controlling privilege is further driving the Global Smart Lighting Market Size.

Smart Lighting Market Segmentation:

Segmentation by Installation Type

New Installation
Retrofit Installation

Segmentation by Offering

Hardware
Lights & Luminaries
Smart Bulbs
Fixtures
Lighting Controls
LED Drivers & Ballasts
Sensors
Switches
- Manual On/Off Switches
- Electronic Switches
Dimmers
- Wired Dimmers
- Wireless Dimmers
Relay Units
Gateways
Software
Local/Web-Based Software
Cloud-Based Software
Services
Pre-installation Services
Post-installation Services
Hardware
Lights & Luminaires
Lighting Controls

Segmentation by End-Use Application

Indoor
Residential
Commercial
- Retail
- Hospitality
- Office Lighting
Industrial
Others
Outdoor
Highways & Roadways Lighting
Architectural Lighting
Lighting for Public Places

Segmentation by Communication Technology

Wired Technology
DALI
Power Over Ethernet (PoE)
Wired Hybrid Protocols
Wireless
ZigBEE
Wi-Fi
BLE
EnOcean
6LoWPAN
Wireless Hybrid Protocols

Segmentation by Region:

Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia

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