PUBLISHER: IMARC | PRODUCT CODE: 1450957
PUBLISHER: IMARC | PRODUCT CODE: 1450957
The North America smart lighting market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.9 Billion by 2032, exhibiting a growth rate (CAGR) of 15.5% during 2024-2032.
Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes.
North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America smart lighting market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on offering, communication technology, installation type, light source and application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Offering
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation
Market by Communication Technology
Wired Technology
Wireless Technology
Market by Installation Type
New Installation
Retrofit Installation
Market by Light Source
LED Lamps
Fluorescent Lamps
Compact Fluorescent Lamps
High Intensity Discharge Lamps
Others
Market by Application
Commercial
Residential
Public Infrastructure
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles