Smart Lighting Market Size, Growth Trend Share & Analysis 2025

Smart Lighting Market to 2025 - Global Analysis and Forecasts by Lighting Types (Light Emitting Diode (LED) Lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps, and Others (Neon Lamps and Photographic Flashes)); Application (Industrial Lighting, Residential Lighting, Commercial Lighting, Government, Outdoor Lighting, and Automotive Lighting) and Connectivity Technology (Wired and Wireless)

Publication Month : Oct 2016

  • Report Code : TIPTE100000112
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 198
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The Smart Lighting market accounted for US$ 10.55 Bn in 2015 and is expected to grow at a CAGR of 17.1% during the forecast period 2016 – 2025, to account for US$ 51.05 Bn in 2025.

The key factors driving the smart lighting market include growing awareness towards energy conservation, the long life span of LEDs and OLEDs, the rising popularity of wireless technology coupled with changing lifestyle, and decreasing price of LED lighting. At present, light is considered to consume approximately 20% of electricity production and 5% of CO2 emissions globally. At the same time, traditional lighting is accounted for the majority of electricity production in comparison to the latest LED lighting technology. Philips Lighting, subsidiary of Koninklijke Phillips NV has committed to becoming carbon neutral in the next few years. Philips is popular for making sustainable innovation for a healthier globe. Philips a global leader in lighting and smart lighting markets. In the recent past, Philips has received several projects for smart lighting, thereby promoting the adoption of smart lighting solutions worldwide.

Smart Lighting Market, By Region

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Smart Lighting Market Insights

Rising Popularity of Wireless Lighting Controls Coupled with Changing Lifestyles is fuelling the smart lighting market

Wireless connectivity is taking a leap over the wire abled connecting networks as wireless is more convenient to use. First, this technology was used in the telephones now called as the mobile phones, and since then the wireless technology has revolutionized the way things were viewed. Wireless technology has given its consumers freedom from a limited range of wired devices. The lighting industry has introduced a lighting solution integrated with the wireless technology that enables its consumers to control the lighting conveniently from their mobile phones sitting away from the place/house. Wireless technologies like Bluetooth, Wi-Fi, and RF Ids are experiencing high adoption rate among users. The rising popularity of wireless technology in lighting solution is thus considered to be one of the major reasons driving the smart lighting market

Price Reduction in LED Luminaires are driving the smart lighting market

Since the past few years the price of LED luminaires has reduced dramatically. The price of LED luminaires a decade ago was almost twice to thrice in comparison to the present day scenario. Furthermore, it is still expected to reduce and become as affordable as common fluorescent or incandescent lighting solutions without affecting its ability to reduce energy consumption by up to 70%. This reduction in price has taken place due to the slowing demand for LED luminaires in the market owing to their high prices. Thus, the manufacturers offered a competitive price, thereby leading to a dramatic reduction in the price of LED, in order to promote LED lighting solutions in the market. The efficacy of LED has been improving as its increased illuminating capacity per watt is resulting in better lighting source with lower energy consumption. A majority of the smart lighting market utilizes LED bulbs, the price reduction here would also affect the adoption of smart lighting solutions, in a way increasing its deployment rate globally and contributing to smart lighting market growth.

 Smart Lighting by Connectivity Technology

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Smart Lighting Market

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Smart Lighting Market: Strategic Insights

smart-lighting-market
Market Size Value inUS$ 10.55 Billion in 2015
Market Size Value byUS$ 51.05 Billion by 2025
Growth rateCAGR of 17.1% from 2016-2025
Forecast Period2016-2025
Base Year2016
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The partnership and new product launch were observed as the most adopted strategy in the Global Smart Lighting Market. Few of the recent strategies by some of the players in the Smart Lighting Market landscape are listed below-

2016: Acuity Brands and Qualcomm collaborated to deploy Qualcomm Lumicast technology for indoor location services across more than 100 locations. This technology is capable of revolutionizing the use cases for navigation, advertising & promotions, customer services and further improving operational efficiencies in the environments such as the mall, museums, factories, retail stores, airports, warehouses, health care & educational institutes and enterprises.

2016: Daintree Networks and OSRAM Sylvania collaborated to promote Open Standard Wireless Lighting Control. This is expected to expand the convenience of open standards-based controllable luminaires and accelerates Enterprise-IoT. Its collaboration with OSRAM would help in catering the best interests of the customer.

2016: Samsung and Daintree collaborated to advance the smart building IoT combining Samsung’s SLM technology with Daintree Network’s ControlScope. This networked wireless control solution makes IoT applications probable for smart buildings.

GLOBAL SMART LIGHTING MARKET SEGMENTATION

By Lighting Type


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

By Application


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

By Connectivity Technology


  • Wired
  • Wireless

By Geography


  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
  • South America (SAM)
    • Brazil

Company Profiles


  • Acuity Brands Lighting Inc.
  • Daintree Networks, Inc.
  • Digital Lumens, Inc.
  • Eaton Corporation Plc
  • General Electric
  • Legrand SA
  • Lutron Electronics, Inc.
  • OSRAM GmbH
  • Koninklijke Philips N.V.
  • Sensity Systems, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Lighting Types Lamp ; Application and Connectivity Technology

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Table of Contents

1.1 List of Tables
1.2 List of Figures

2 Introduction

2.1 TIP Research Report Guidance

3 Key Takeaways


4 Smart Lighting Market Landscape

4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis

5 Smart Lighting Market – Key Industry Dynamics

5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends

6 Smart Lighting Market – Five Forces Analysis

6.1 Overview
6.2 Global Smart Lighting Market – Five Forces Analysis

7 Global Smart Lighting Market Analysis

7.1 Global Sales Revenue and Forecasts to 2025
7.2 Global Smart Lighting Market, Competitive Landscape
7.2.1 Market Share or Market Positioning of Key Players, 2014

8 Global Smart Lighting Market Revenue and Forecasts to 2025 – Lighting Types

8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Light Emitting Diode (LED) Lamp
8.3 Fluorescent Lamps
8.4 Compact Fluorescent Lamps (CFL)
8.5 High Intensity Discharge Lamps
8.6 Others (Neon Lamps and Photographic Flashes)

9 Global Smart Lighting Market Revenue and Forecasts to 2025 – Application

9.1 Overview
9.1.1 Segment Share (%), 2014 & 2025
9.2 Industrial Lighting
9.3 Residential Lighting
9.4 Commercial Lighting
9.5 Government
9.6 Outdoor Lighting
9.7 Automotive Lighting

10 Global Smart Lighting Market Revenue and Forecasts to 2025 – Connectivity Technology

10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 Wired
10.3 Wireless Technology

11 Global Smart Lighting Market Revenue and Forecasts to 2025 – Geographical Analysis

11.1 Overview
11.1.1 Segment Share (%), 2014 & 2025
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Spain
11.3.5 UK
11.3.6 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 Rest of APAC
11.5 Middle East & Africa (MEA)
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of MEA
11.6 South America (SAM)
11.6.1 Brazil
11.6.2 Rest of SAM

12 Global Smart Lighting Market, Key Company Profiles

12.1 Koninklijke Philips N.V.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 , Eaton Corporation PLC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Acuity Brands Lighting, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Lutron Electronics Company Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Digital Lumens, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Legrand SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 General Electric Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Osram Licht AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Streetlight. Vision
12.10.1Key Facts
12.10.2Business Description
12.10.3Financial Overview
12.10.4SWOT Analysis
12.10.5Key Developments

13 Appendix

13.1 About TIP
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer

1.1 List of Tables

Table 1: Comparison of LED & Smart LED with Other Traditional Lighting Solutions 25
Table 2: Retrofit Costs 30
Table 3: Smart Lighting Market – Porters Five Forces Analysis 34
Table 4: Global Smart Lighting Market Revenue (US$ Bn), 2014 – 2025 38
Table 5: Global Smart Lighting Market – Market Positioning of Key Players, 2015 39
Table 6: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 77
Table 7: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 79
Table 8: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 81
Table 9: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 93
Table 10: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 95
Table 11: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 97
Table 12: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 108
Table 13: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 110
Table 14: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 112
Table 15: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 123
Table 16: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 125
Table 17: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 127
Table 18: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 135
Table 19: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 137
Table 20: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 139
Table 21: Acuity Brands Lighting Inc., Key Facts, 2015 140
Table 22: Acuity Brands Lighting Inc., SWOT Analysis 142
Table 23: Daintree Networks, Inc. Key Facts, 2015 145
Table 24: Daintree Networks, Inc. SWOT Analysis 146
Table 25: Digital Lumens, Inc., Key Facts, 2015 149
Table 26: Digital Lumens, Inc., SWOT Analysis 150
Table 27: Eaton Corporation Plc, Key Facts, 2015 153
Table 28: Eaton Corporation Plc, SWOT Analysis 155
Table 29: General Electric, Key Facts, 2015 158
Table 30: GE, SWOT Analysis 160
Table 31: Legrand SA, Key Facts, 2015 163
Table 32: Legrand SA, SWOT Analysis 165
Table 33: Lutron Electronics, Inc., Key Facts, 2015 168
Table 34: Lutron Electronics, Inc., SWOT Analysis 169
Table 35: OSRAM GmbH, Key Facts, 2015 171
Table 36: OSRAM GmbH, SWOT Analysis 173
Table 37: Koninklijke Philips N.V., Key Facts, 2015 176
Table 38: Koninklijke Philips N.V., SWOT Analysis 178
Table 39: Sensity Systems, Inc., Key Facts, 2015 181
Table 40: Sensity Systems, Inc., SWOT Analysis 182
Table 41: Streetlight.Vision, Key Facts, 2015 185
Table 42: Streetlight.Vision, SWOT Analysis 186
Table 43: Honeywell International Inc., Key Facts, 2015 189
Table 44: Honeywell International, Inc. SWOT Analysis 191
Table 45: Glossary of Terms, Smart Lighting Market 194

1.2 List of Figures

Figure 1: Smart Lighting Market, Global Revenue (US$ Bn), 2015 & 2025 16
Figure 2: Smart Lighting Market Segmentation 19
Figure 3: Smart Lighting Market Segmentation 20
Figure 4: Smart Lighting Market – Supply Chain Analysis 22
Figure 5: Companies Adopting Green Energy as a Strategy to Grow in Market 24
Figure 6: Percentage American Adults in Each Group who Use the Internet, Have Broadband at Home and Connect Wirelessly 26
Figure 7: Average Light Efficacy (Light Output per Unit of Energy Consumed) 27
Figure 8: Cost per Bulb 28
Figure 9: Number of Smart Cities Worldwide 31
Figure 10: Number of Cities Worldwide with Smart Technologies in Three or More Functional Areas; Segmented by Sector Containing Smart Operations 32
Figure 11: Smart Lighting Market – Porters Five Forces Analysis 34
Figure 12: Global Smart Lighting Market Revenue (US$ Bn), 2014 – 2025 37
Figure 13: Philips Market Share Per Business Group by Region 39
Figure 14: Global Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 42
Figure 15: Global Smart Lighting Market Breakdown By Lighting Type, 2025 (%) 42
Figure 16: Global LED Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 44
Figure 17: Global Fluorescent Lamps Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 46
Figure 18: Global CFL Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 48
Figure 19: Global HID Lamps Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 50
Figure 20: Global Others Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 51
Figure 21: Global Smart Lighting Market Breakdown By Application 2015 (%) 53
Figure 22: Global Smart Lighting Market Breakdown By Application, 2025 (%) 53
Figure 23: Global Industrial Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 55
Figure 24: Global Residential Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 56
Figure 25: Global Automotive Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 57
Figure 26: Global Outdoor Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 58
Figure 27: Global Government Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 59
Figure 28: Global Commercial Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 61
Figure 29: Global Smart Lighting Market Breakdown By Connecting Technology, 2015 (%) 63
Figure 30: Global Smart Lighting Market Breakdown By Connecting Technology, 2025 (%) 63
Figure 31: Global Wired Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 65
Figure 32: Global Wireless Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 66
Figure 33: Smart Lighting Market, Global Breakdown by Regions, 2015 (%) 68
Figure 34: Smart Lighting, Global Breakdown by Regions, 2025 (%) 68
Figure 35: North America Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 70
Figure 36: North America Smart Lighting Market Breakdown by Key Countries, 2015 (%) 71
Figure 37: North America Smart Lighting Market Breakdown by Key Countries, 2025 (%) 72
Figure 38: U.S. Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 73
Figure 39: Canada Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 74
Figure 40: Mexico Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 75
Figure 41: North America Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 76
Figure 42: North America Smart Lighting Market Breakdown By Lighting type, 2025 (%) 77
Figure 43: North America Smart Lighting Market Breakdown By Application, 2015 (%) 78
Figure 44: North America Smart Lighting Market Breakdown By Application, 2025 (%) 79
Figure 45: North America Smart Lighting Market Breakdown By Connectivity Technology, 2015 (%) 80
Figure 46: North America Smart Lighting Market Breakdown By Connectivity Technology, 2025 (%) 81
Figure 47: Europe Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 83
Figure 48: Europe Smart Lighting Market Breakdown By Key Countries, 2015 (%) 84
Figure 49: Europe Smart Lighting Market Breakdown By Key Countries, 2025 (%) 85
Figure 50: France Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 86
Figure 51: Germany Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 87
Figure 52: Italy Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 88
Figure 53: Spain Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 89
Figure 54: U.K Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 90
Figure 55: Rest of Europe Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 91
Figure 56: Europe Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 92
Figure 57: Europe Smart Lighting Market Breakdown By Lighting Type, 2025 (%) 93
Figure 58: Europe Smart Lighting Market Breakdown By Application, 2015 (%) 94
Figure 59: Europe Smart Lighting Market Breakdown By Application Market, 2025 (%) 95
Figure 60: Europe Smart Lighting Market Breakdown By Connectivity Technology, 2015 (%) 96
Figure 61: Europe Smart Lighting Market Breakdown By Connectivity Technology, 2025 (%) 97
Figure 62: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 99
Figure 63: Asia Pacific Smart Lighting Market Breakdown by Key Countries, 2015 (%) 100
Figure 64: Asia Pacific Smart Lighting Market Breakdown by Key Countries, 2025 (%) 101
Figure 65: Australia Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 102
Figure 66: China Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 103
Figure 67: India Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 104
Figure 68: Japan Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 105
Figure 69: Rest of APAC Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 106
Figure 70: Asia Pacific Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 107
Figure 71: Asia Pacific Smart Lighting Market Breakdown By Lighting Type, 2025 (%) 108
Figure 72: Asia Pacific Smart Lighting Market Breakdown By Application, 2015 (%) 109
Figure 73: Asia Pacific Smart Lighting Market Breakdown By Application, 2025 (%) 110
Figure 74: Asia Pacific Smart Lighting Market Breakdown By Connectivity Technology, 2015 (%) 111
Figure 75: Asia Pacific Smart Lighting Market Breakdown By Connectivity Technology, 2025 (%) 112
Figure 76: MEA Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 114
Figure 77: Middle East & Africa Smart Lighting Market Breakdown by Key Countries, 2015 (%) 115
Figure 78: Middle East & Africa Smart Lighting Market Breakdown by Key Countries, 2025 (%) 116
Figure 79: South Africa Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 117
Figure 80: Saudi Arabia Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 118
Figure 81: UAE Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 119
Figure 82: Rest of MEA Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 120
Figure 83: Middle East & Africa Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 121
Figure 84: Middle East & Africa Smart Lighting Market Breakdown By Lighting Type, 2025 (%) 122
Figure 85: Middle East & Africa Smart Lighting Market Breakdown By Application, 2015 (%) 124
Figure 86: Middle East & Africa Smart Lighting Market Breakdown By Application, 2025 (%) 125
Figure 87: Middle East & Africa Smart Lighting Market Breakdown By Connectivity Technology, 2015 (%) 126
Figure 88: Middle East & Africa Smart Lighting Market Breakdown By Connectivity Technology, 2025 (%) 127
Figure 89: South America Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 129
Figure 90: South America Smart Lighting Market Breakdown by Key Countries, 2015 (%) 130
Figure 91: South America Smart Lighting Market Breakdown by Key Countries, 2025 (%) 131
Figure 92: Brazil Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 132
Figure 93: Rest of SAM Smart Lighting Market Revenue and Forecasts to 2025 (US$ Bn) 133
Figure 94: South America Smart Lighting Market Breakdown By Lighting Type, 2015 (%) 134
Figure 95: South America Smart Lighting Market Breakdown By Lighting Type, 2025 (%) 135
Figure 96: South America Smart Lighting Market Breakdown By Application, 2015 (%) 136
Figure 97: South America Smart Lighting Market Breakdown By Services 2025 (%) 137
Figure 98: South America Smart Lighting Market Breakdown By Connectivity Technology, 2015 (%) 138
Figure 99: South America Smart Lighting Market Breakdown By Connectivity Technology, 2025 (%) 139
Figure 100: Acuity Brands Lighting Inc., Annual Revenue (US$ Bn) 141
Figure 101: Acuity Brands Lighting Inc., Gross Profit (US$ Bn) 141
Figure 102: Eaton Corporation Plc, Annual Revenue (US$ Bn) 154
Figure 103: Eaton Corporation Plc, Gross Profit (US$ Bn) and R&D Expenses (US$ Bn) 154
Figure 104: GE, Annual Revenue (US$ Bn) and Appliances and Lighting Segment Revenue (US$ Bn) 159
Figure 105: GE, Gross Profit (US$ Bn) and R&D Expenses (US$ Bn) 159
Figure 106: Legrand SA, Annual Revenue (US$ Bn) 164
Figure 107: Legrand SA, Gross Profit (US$ Bn) and R&D Expenses (US$ Bn) R&D 164
Figure 108: OSRAM GmbH, Annual Revenue (US$ Bn) 172
Figure 109: OSRAM GmbH, Gross Profit (US$ Bn) and R&D Expenses (US$ Bn) 172
Figure 110: Koninklijke Philips N.V., Annual Revenue (US$ Bn) and Lighting Segment Revenue (US$ Bn) 177
Figure 111: Koninklijke Philips N.V., R&D Expenses (US$ Bn) 177
Figure 112: Honeywell International Inc., Annual Revenue (US$ Bn) and Automation and Control Solutions Segment Revenue (US$ Bn) 190
Figure 113: Honeywell International Inc., R&D Expenses (US$ Bn) 190
The List of Companies
  1. Koninklijke Philips N.V.
  2. Eaton Corporation PLC.
  3. Honeywell International Inc.
  4. Acuity Brands Lighting, Inc.
  5. Lutron Electronics Company Inc.
  6. Digital Lumens, Inc.
  7. Legrand SA
  8. General Electric Company
  9. Osram Licht AG
  10. Streetlight. Vision

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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