smart lighting Market: Global Industry Research Report 2020-2028
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smart lighting Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 201

Status: Upcoming

Report Code: EMR100176

Smart lighting system is an innovative technology featured with automated controls that make adjustment of light based on occupancy and daylight availability for energy efficiency and cost saving. Lighting control system reduces energy consumption by switching off lights when not in use or dim the lights based on daylight availability owing to which energy is utilized in a better way.
The major advantage of a smart lighting control system over conventional manual switching is the ability to control individual lights or groups of lights from a single user interface device. Smart lighting is a centralized system which enables user to control the lights via phone, tablet or computer even if they are away from home. The smart lighting system includes occupancy sensors, timeclocks, and photocells that are hard-wired to control fixed groups of lights independently.

One of the major driver for the growth of smart lighting market is rising adoption of LED lights in various sectors such as residential, commercial and healthcare. Hospitals are installing led lights to create relaxing atmosphere, for instance, Hillerod Hospital in Denmark has installed smart LED lights along with audio system in the maternity ward which provides women peace of mind while giving birth and helps to reduce stress. Rapid urbanization and growing smart cities coupled with installation of smart street lighting is boosting the demand of smart lighting system. However, higher cost of installation and limited awareness about payback of smart lighting devices can be a major restrains of the smart lighting market.
The smart lighting market has been segmented based on application, component, lighting system and geography. On the basis of applications, the smart lighting market can be segmented into government and public, residential, industrial and commercial. The residential market is expected to grow in the forthcoming years as residents are investing in smart home.

Furthermore, on the basis of lighting source the smart lighting market is divided into LED Lamps, high intensity discharge lamp, fluorescent lamp, compact fluorescent lamp and others. LED lamps are expected to dominate the market as LED lamps are energy efficient and durable. Also, LED light emits comparatively low carbon dioxide which is another driving factor for adoption of LED smart lighting systems.
On the basis of components market is segmented into relays, controllable breakers, sensors, switch actuators, dimmer actuators.
On the basis of region, the market is segmented into North America, Europe, Latin America, Asia-Pacific and in rest of the world. It is seen that North America will dominate the market due to the rapid adoption of LED lights and growing awareness about environmental issues and energy efficiency. Followed by North America, Europe will acquire the highest revenue share of smart lighting market due to ongoing projects of smart cities and rapid deployment of smart lighting in residential, commercial, government and public sector. Asia Pacific is expected to grow with high CAGR in the coming years, owing to increase in various government initiatives to encourage the adoption of energy efficient lighting systems. For instance, the government of India has implemented a scheme named UJALA to spread awareness about energy efficient LED lights.

Acuity Brands, Inc., Lutron Electronics, co., Legrand SA, Osram Licht AG, Honeywell International Inc., Zumtobel AG, Royal Phillips N. V, Digital Lumens, Inc., IKEA and Streetlight Vision are some of the prominent players in the smart lighting market, these players such as Philips, Osram, and IKEA are using ZigBee wireless networking technology in their product offering.

To sustain in the competitive markets players are developing innovative products, for instance, Philips has developed Philip Hue smart lighting bulb system, which enables user to control color and intensity of the lights. In addition to it the company partnered with Sentosa Development Corporation to launch the smart LED street lights in Singapore.
Similarly, the other companies are also focusing on extracting street lighting contracts to gain competitive edge in the market, for instance Acuity brand providing smart street lighting solutions using SSN platform in Atlanta.

The smart lighting market has been segmented
By Application:
• Government and public
• Residential
• Industrial
• Commercial

By Component:
• Relays
• Controllable breakers
• Sensors
• Switch actuators
• Dimmer actuators

By Lighting System:
• LED lamps
• High intensity discharge lamp
• Fluorescent lamp
• Compact fluorescent lamp
• Others

By Region:
• North America
• Europe
• Latin America
• Asia-Pacific
• Rest of the world

The Leading Key Players in Smart Lighting Market

Acuity Brands Inc.
Lutron Electronics
co.
LegrSA
Osram Licht AG
Honeywell International Inc.
Zumtobel AG
Royal Phillips N. V
Digital Lumens Inc.
IKEA
Streetlight Vision