New

Smart Lighting Market

2021

Smart Lighting Market to 2028 - India Analysis and Forecasts by Lighting Types (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps and others); Application (Industrial Lighting, Residential Lighting, Commercial Lighting, Government, Outdoor Lighting and Automotive Lighting) and Connectivity Technology (Wired and Wireless)

| Report Code: TIPTE100000581 | No. of Pages: 150 | Category: Electronics and Semiconductor | Status: Upcoming

Market Insights

Smart Lighting Market 2028 Growth Trends, Share - Global Analysis and Forecasts

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The smart lighting market was valued at US$ 10.55 billion in 2015 and is projected to reach US$ 51.05 billion by 2025; it is expected to grow at a CAGR of 17.1% during 2016–2025.

Lighting is significant source of energy utilized globally. To minimize the power consumption it is important to deduce the usage of this sources by optimization of the lighting system. Smart lighting exhibits enormous potential in the market as it provides its customers with the facility of appropriate amount of light at the right place and right time. With the rise in urbanization and population growth the demand for effect lighting solutions have increased, and this demand subsequently would lead to rapid development and advancement in the lighting industry in future. The smart lighting system market is related to the technologies where lighting functions are performed automatically and with a great ease. Smart lighting systems are also called as connected lighting systems or intelligent lighting systems. This system is built up on the parameters such as color, temperature, movement, amount of natural light, occupancy and others. The world today is aware about the global environmental situations and is thus inclined more towards the adoption and deployment of eco-friendly and energy saving products and services. Smart lighting is one such technology designed to provide sustainable development to the world, thus, it’s expected to foresee high growing demands in the near future.

Lucrative Regions for Smart Lighting Market

Lucrative Regions for Smart Lighting Market

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Market Insights– Smart Lighting Market

Growing Awareness Towards Energy Conservation

Today, more people are getting concerned about conserving the available limited sources of energy. Also there are several profit and non-profit organizations across the globe, who are supporting this cause and spreading the awareness and importance of energy conservation.

If we consider the population growth worldwide in the past few years, the rate of energy consumption is likely to increase. Therefore, it has become important to educate people about energy conservation, or the other way to reduce energy consumption is by offering them products/services that would help them save energy.

In the last few years it has been noticed that the energy conservation awareness among the people has increased and people are opting for environment friendly solutions, not only that even governments and municipalities are taking several initiatives for opting energy conserving methods.

Lighting type Segment Insights

Based on lighting type, the smart lighting market is segmented into light emitting diodes (LEDs), fluorescent lamps, compact fluorescent lamps (CFLs), high intensity discharge lamps and others (neon lamps and photographic flashes). The LEDs accounted for the largest share in the global market share in 2015. The LEDs are experiencing a rapid adoption and growth across several applications and is expected to grow globally in future. These LEDs are tiny, solid lights that uses semiconductor instead of filament or neon gas and are remarkably energy efficient and long lasting. LEDs function distinctively than traditional light bulbs. This makes LEDs far more sharp and durable than traditional light bulbs.

Application Type Segment Insights

Based on application type, the smart lighting market is bifurcated into industrial, residential lighting, commercial lighting, government, outdoor lighting, and automotive lighting. The industrial segment accounted for the largest share in the global market share in 2015. Technology and innovation have become two very important essence for any industrial development, in the last few years lighting industry have made huge technological advancements. Lighting in any industry has a vital role. These smart lighting solutions come with occupancy and photonic sensors that control the dimming and brightening of lights, which eventually leads to low power consumption and efficient lighting.

Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In April 2016, Philips Lighting unveiled expansion to its entertainment range of Showline luminaires and platinum lamps at Prolight + Sound 2016. The luminaires are expected to offer innovative gears for lighting specialists and will be part of a concept that would be showcased at the exhibition. Spectators visiting to the Philips will get an opportunity to meet Mark Wynn-Edwards a well-known lighting designer.
  • In April 2016, Sensity Systems Inc. and Panasonic Enterprise Solutions publicized a strategic coalition based on their smart city platforms. Panasonic's Smart Streets and CityNow Safe platform is based on the company's experience in smart city planning and integration globally. The first deployment of the combined solution is expected to be at Peña Station that is a shipment oriented sustainable and development community.

The Global Smart Lighting Market has been Segmented as Follows:

Smart Lighting Market– by Lighting Type

  • Light Emitting Diode (LED) Lamp
  • Fluorescent Lamps
  • Compact Fluorescent Lamps (CFL)
  • High Intensity Discharge Lamps
  • Others (Neon Lamps and Photographic Flashes)

Smart Lighting Market – by Application

  • Industrial Lighting
  • Residential Lighting
  • Commercial Lighting
  • Government
  • Outdoor Lighting
  • Automotive Lighting

Smart Lighting Market – by Connectivity technology

  • Wired
  • Wireless

Smart Lighting Market –by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • Japan
    • China
    • India
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

Smart Lighting Market –Companies Profiles

  • Acuity Brands Lighting Inc.
  • Daintree Networks, Inc.
  • Digital Lumens, Inc.
  • Eaton
  • General Electric
  • Legrand SA
  • OSRAM GmbH
  • Konjnklijke Philips N.V.
  • Sensity Systems, Inc.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance

2 Key Takeaways

3 Smart Lighting Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Smart Lighting Market - By Lighting Types
3.2.2 Smart Lighting Market - By Application
3.2.3 Smart Lighting Market - Connectivity Technology
3.3 PEST Analysis
3.3.1 India - PEST Analysis

4 Smart Lighting Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis

5 Smart Lighting Market Analysis- India
5.1 India Smart Lighting Market Overview
5.2 India Smart Lighting Market Forecasts and Analysis

6 Smart Lighting Market Revenue and Forecasts to 2028 - Lighting Types
6.1 Overview
6.2 Lighting types Market Forecasts and Analysis
6.3 LED Lamp Market
6.3.1 Overview
6.3.2 LED Lamp Market Forecasts and Analysis
6.4 Fluorescent Lamp Market
6.4.1 Overview
6.4.2 Fluorescent Lamp Market Forecasts and Analysis
6.5 Compact Fluorescent Lamp Market
6.5.1 Overview
6.5.2 Compact Fluorescent Lamp Market Forecasts and Analysis
6.6 High Intensity Discharge Lamp Market
6.6.1 Overview
6.6.2 High Intensity Discharge Lamp Market Forecasts and Analysis
6.7 Others Market
6.7.1 Overview
6.7.2 Others Market Forecasts and Analysis

7 Smart Lighting Market Revenue and Forecasts to 2028 - Application
7.1 Overview
7.2 Application Market Forecasts and Analysis
7.3 Industrial Lighting Market
7.3.1 Overview
7.3.2 Industrial Lighting Market Forecasts and Analysis
7.4 Residential Lighting Market
7.4.1 Overview
7.4.2 Residential Lighting Market Forecasts and Analysis
7.5 Commercial Lighting Market
7.5.1 Overview
7.5.2 Commercial Lighting Market Forecasts and Analysis
7.6 Government Market
7.6.1 Overview
7.6.2 Government Market Forecasts and Analysis
7.7 Outdoor Lighting Market
7.7.1 Overview
7.7.2 Outdoor Lighting Market Forecasts and Analysis
7.8 Automotive Lighting
7.8.1 Overview
7.8.2 Automotive Lighting Market Forecasts and Analysis

8 Smart Lighting Market Revenue and Forecasts to 2028 - Connectivity Technology
8.1 Overview
8.2 Connectivity Technology Market Forecasts and Analysis
8.3 Wired Market
8.3.1 Overview
8.3.2 Wired Market Forecasts and Analysis
8.4 Wireless Technology Market
8.4.1 Overview
8.4.2 Wireless Technology Market Forecasts and Analysis

9 Industry Landscape
9.1 Mergers & acquisitions
9.2 Market Initiatives
9.3 New developments
9.4 Investment scenarios

10 Competitive Landscape
10.1 Competitive Product mapping
10.2 Market Positioning/ Market Share

11 Smart Lighting Market, Key Company Profiles
11.1 Koninklijke Philips N.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Eaton Corporation PLC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Honeywell International PLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Lutron Electronics Company Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Legrand SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 General Electric Company
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Osram Licht AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Wipro Lighting
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Schneider Electric
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Hubbell India
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments

12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Research Methodology
List of Companies

Koninklijke Philips N.V.
Eaton Corporation PLC
Honeywell International PLC
Lutron Electronics Company Inc.
Legrand SA
General Electric Company
Osram Licht AG
Wipro Lighting
Schneider Electric
Hubbell India
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