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PUBLISHER: Persistence Market Research | PRODUCT CODE: 1482421

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PUBLISHER: Persistence Market Research | PRODUCT CODE: 1482421

Smart Lighting Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

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PAGES: 302 Pages
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Persistence Market Research has recently published an in-depth analysis of the global Smart Lighting Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the Smart Lighting Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2024 to 2033.

The smart lighting market is expected to grow from US$ 16,779.8 million in 2024 to US$ 72,390.8 million by 2033, representing a robust compound annual growth rate (CAGR) of 17.6% during the forecast period.

Key Insights:

  • Market Size (2024A): US$ 16779.8 Million
  • Projected Market Value (2033F): US$ 72,390.8 Million
  • Growth Rate (2024-2033): 17.6% CAGR

Market Overview:

Smart lighting encompasses advanced lighting systems integrated with sensors, wireless communication, and automated controls to enhance energy efficiency, convenience, and security. This report explores the market landscape, analyzing factors influencing market adoption, regulatory frameworks, and technological innovations shaping market dynamics.

Market Growth Drivers:

The Smart Lighting Market is driven by various factors, including increasing demand for energy-efficient lighting solutions, government initiatives promoting smart city infrastructure, and growing consumer awareness regarding sustainability. Additionally, advancements in sensor technology, IoT integration, and the proliferation of smart home ecosystems contribute to market growth.

Market Restraints:

Challenges facing the Smart Lighting Market include high initial investment costs, interoperability issues among different smart lighting platforms, and concerns regarding data privacy and cybersecurity. Furthermore, the complexity of installation and limited compatibility with existing infrastructure pose barriers to widespread adoption.

Market Opportunities:

Despite challenges, the Smart Lighting Market presents significant opportunities for innovation and expansion. Continued R&D efforts aimed at enhancing product performance, interoperability, and cost-effectiveness are essential for market growth. Moreover, partnerships between lighting manufacturers, technology firms, and utility providers can accelerate market penetration and drive the development of tailored smart lighting solutions for various applications.

Key Questions Answered in the Report:

  • What factors are driving the growth of the Smart Lighting Market?
  • What are the current regulatory frameworks governing smart lighting adoption and implementation?
  • Which key players dominate the Smart Lighting Market, and what are their strategies for market expansion?
  • What emerging trends and future prospects are anticipated in the Smart Lighting Market?

Competitive Landscape and Business Strategy:

In the competitive landscape of the smart lighting market, key players such as Cree, Inc., Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Light AG, Royal Philips NV, Acuity Brands Lighting, Inc., Honeywell International Inc., Panasonic Corporation, and Schneider Electric stand out for their innovative offerings and market presence. These companies are known for their commitment to energy efficiency, technological advancements, and customer satisfaction. With diverse portfolios of smart lighting solutions catering to various sectors, they continuously strive to meet evolving market demands and maintain a competitive edge through research, innovation, and strategic partnerships.

Key Companies Profiled:

  • Cree, Inc.
  • Hubbell Lighting, Inc.
  • GE Lighting, LLC
  • OSRAM light AG
  • Royal Philips NV
  • Acuity Brands Lighting, Inc.
  • Honeywell International Inc.
  • Panasonic Corporation
  • Schneider Electric

Market Segmentation:

By Offering:

  • Hardware
  • Software
  • Services

By Technology:

  • Wired
  • Wireless

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa
Product Code: PMRREP3892

Table of Contents

1. Executive Summary

  • 1.1. Global Market Outlook
  • 1.2. Demand Side Trends
  • 1.3. Supply Side Trends
  • 1.4. Analysis and Recommendations

2. Market Overview

  • 2.1. Market Coverage / Taxonomy
  • 2.2. Market Definition / Scope / Limitations

3. Key Market Trends

  • 3.1. Key Trends Impacting the Market
  • 3.2. Product Innovation / Development Trends

4. Pricing Analysis

  • 4.1. Pricing Analysis, By Smart Lighting
  • 4.2. Average Pricing Analysis Benchmark

5. Global Smart Lighting Market Demand (Value in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

  • 5.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
  • 5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
    • 5.2.1. Y-o-Y Growth Trend Analysis
    • 5.2.2. Absolute $ Opportunity Analysis

6. Market Background

  • 6.1. Macro-Economic Factors
  • 6.2. Forecast Factors - Relevance & Impact
  • 6.3. Value Chain
  • 6.4. COVID-19 Crisis - Impact Assessment
    • 6.4.1. Current Statistics
    • 6.4.2. Short-Mid-Long Term Outlook
    • 6.4.3. Likely Rebound
  • 6.5. Market Dynamics
    • 6.5.1. Drivers
    • 6.5.2. Restraints
    • 6.5.3. Opportunities

7. Global Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033, By Offering

  • 7.1. Introduction / Key Findings
  • 7.2. Historical Market Size (US$ Mn) Analysis By Offering, 2019-2023
  • 7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Offering, 2024-2033
    • 7.3.1. Hardware
    • 7.3.2. Software
    • 7.3.3. Services
  • 7.4. Market Attractiveness Analysis By Offering

8. Global Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033, By Technology

  • 8.1. Introduction / Key Findings
  • 8.2. Historical Market Size (US$ Mn) Analysis By Technology, 2019-2023
  • 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2024-2033
    • 8.3.1. Wired Smart Lighting
    • 8.3.2. Wireless Smart Lighting
  • 8.4. Market Attractiveness Analysis By Technology

9. Global Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033, By Region

  • 9.1. Introduction / Key Findings
  • 9.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
  • 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
    • 9.3.1. North America
    • 9.3.2. Latin America
    • 9.3.3. Europe
    • 9.3.4. East Asia
    • 9.3.5. South Asia Pacific
    • 9.3.6. Middle East and Africa
  • 9.4. Market Attractiveness Analysis By Region

10. North America Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 10.1. Introduction
  • 10.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 10.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 10.3.1. By Offering
    • 10.3.2. By Technology
    • 10.3.3. By Country
      • 10.3.3.1. U.S.
      • 10.3.3.2. Canada
  • 10.4. Market Attractiveness Analysis
    • 10.4.1. By Offering
    • 10.4.2. By Technology
    • 10.4.3. By Country
  • 10.5. Market Trends
  • 10.6. Key Market Participants - Intensity Mapping

11. Latin America Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 11.1. Introduction
  • 11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 11.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 11.3.1. By Offering
    • 11.3.2. By Technology
    • 11.3.3. By Country
      • 11.3.3.1. Brazil
      • 11.3.3.2. Mexico
      • 11.3.3.3. Rest of Latin America
  • 11.4. Market Attractiveness Analysis
    • 11.4.1. By Offering
    • 11.4.2. By Technology
    • 11.4.3. By Country

12. Europe Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 12.1. Introduction
  • 12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 12.3.1. By Offering
    • 12.3.2. By Technology
    • 12.3.3. By Country
      • 12.3.3.1. Germany
      • 12.3.3.2. Italy
      • 12.3.3.3. France
      • 12.3.3.4. U.K.
      • 12.3.3.5. Spain
      • 12.3.3.6. BENELUX
      • 12.3.3.7. Russia
      • 12.3.3.8. Rest of Europe
  • 12.4. Market Attractiveness Analysis
    • 12.4.1. By Offering
    • 12.4.2. By Technology
    • 12.4.3. By Country

13. South Asia & Pacific Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 13.1. Introduction
  • 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 13.3.1. By Offering
    • 13.3.2. By Technology
    • 13.3.3. By Country
      • 13.3.3.1. India
      • 13.3.3.2. Indonesia
      • 13.3.3.3. Malaysia
      • 13.3.3.4. Singapore
      • 13.3.3.5. Australia & New Zealand
      • 13.3.3.6. Rest of South Asia and Pacific
  • 13.4. Market Attractiveness Analysis
    • 13.4.1. By Offering
    • 13.4.2. By Technology
    • 13.4.3. By Country

14. East Asia Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 14.1. Introduction
  • 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 14.3.1. By Offering
    • 14.3.2. By Technology
    • 14.3.3. By Country
      • 14.3.3.1. China
      • 14.3.3.2. Japan
      • 14.3.3.3. South Korea
  • 14.4. Market Attractiveness Analysis
    • 14.4.1. By Offering
    • 14.4.2. By Technology
    • 14.4.3. By Country

15. Middle East and Africa Smart Lighting Market Analysis 2019-2023 and Forecast 2024-2033

  • 15.1. Introduction
  • 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
    • 15.3.1. By Offering
    • 15.3.2. By Technology
    • 15.3.3. By Country
      • 15.3.3.1. GCC Countries
      • 15.3.3.2. Turkey
      • 15.3.3.3. South Africa
      • 15.3.3.4. Rest of Middle East and Africa
  • 15.4. Market Attractiveness Analysis
    • 15.4.1. By Offering
    • 15.4.2. By Technology
    • 15.4.3. By Country

16. Key Countries Analysis- Smart Lighting Market

  • 16.1. U.S. Smart Lighting Market Analysis
    • 16.1.1. By Offering
    • 16.1.2. By Technology
  • 16.2. Canada Smart Lighting Market Analysis
    • 16.2.1. By Offering
    • 16.2.2. By Technology
  • 16.3. Mexico Smart Lighting Market Analysis
    • 16.3.1. By Offering
    • 16.3.2. By Technology
  • 16.4. Brazil Smart Lighting Market Analysis
    • 16.4.1. By Offering
    • 16.4.2. By Technology
  • 16.5. Germany Smart Lighting Market Analysis
    • 16.5.1. By Offering
    • 16.5.2. By Technology
  • 16.6. Italy Smart Lighting Market Analysis
    • 16.6.1. By Offering
    • 16.6.2. By Technology
  • 16.7. France Smart Lighting Market Analysis
    • 16.7.1. By Offering
    • 16.7.2. By Technology
  • 16.8. U.K. Smart Lighting Market Analysis
    • 16.8.1. By Offering
    • 16.8.2. By Technology
  • 16.9. Spain Smart Lighting Market Analysis
    • 16.9.1. By Offering
    • 16.9.2. By Technology
  • 16.10. BENELUX Smart Lighting Market Analysis
    • 16.10.1. By Offering
    • 16.10.2. By Technology
  • 16.11. Russia Smart Lighting Market Analysis
    • 16.11.1. By Offering
    • 16.11.2. By Technology
  • 16.12. Rest of Europe Smart Lighting Market Analysis
    • 16.12.1. By Offering
    • 16.12.2. By Technology
  • 16.13. China Smart Lighting Market Analysis
    • 16.13.1. By Offering
    • 16.13.2. By Technology
  • 16.14. Japan Smart Lighting Market Analysis
    • 16.14.1. By Offering
    • 16.14.2. By Technology
  • 16.15. South Korea Smart Lighting Market Analysis
    • 16.15.1. By Offering
    • 16.15.2. By Technology
  • 16.16. India Smart Lighting Market Analysis
    • 16.16.1. By Offering
    • 16.16.2. By Technology
  • 16.17. Malaysia Smart Lighting Market Analysis
    • 16.17.1. By Offering
    • 16.17.2. By Technology
  • 16.18. Indonesia Smart Lighting Market Analysis
    • 16.18.1. By Offering
    • 16.18.2. By Technology
  • 16.19. Singapore Smart Lighting Market Analysis
    • 16.19.1. By Offering
    • 16.19.2. By Technology
  • 16.20. Australia and New Zealand Smart Lighting Market Analysis
    • 16.20.1. By Offering
    • 16.20.2. By Technology
  • 16.21. GCC Countries Smart Lighting Market Analysis
    • 16.21.1. By Offering
    • 16.21.2. By Technology
  • 16.22. Turkey Smart Lighting Market Analysis
    • 16.22.1. By Offering
    • 16.22.2. By Technology
  • 16.23. South Africa Smart Lighting Market Analysis
    • 16.23.1. By Offering
    • 16.23.2. By Technology
  • 16.24. Rest of Middle East and Africa Smart Lighting Market Analysis
    • 16.24.1. By Offering
    • 16.24.2. By Technology

17. Market Structure Analysis

  • 17.1. Market Analysis by Tier of Companies
  • 17.2. Market Share Analysis of Top Players
  • 17.3. Market Presence Analysis

18. Competition Analysis

  • 18.1. Competition Dashboard
  • 18.2. Competition Benchmarking
  • 18.3. Competition Deep Dive
    • 18.3.1. Cree, Inc.
      • 18.3.1.1. Business Overview
      • 18.3.1.2. Product Portfolio
      • 18.3.1.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.1.4. Key Strategy & Developments
    • 18.3.2. Hubbell Lighting, Inc.
      • 18.3.2.1. Business Overview
      • 18.3.2.2. Product Portfolio
      • 18.3.2.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.2.4. Key Strategy & Developments
    • 18.3.3. GE Lighting, LLC
      • 18.3.3.1. Business Overview
      • 18.3.3.2. Product Portfolio
      • 18.3.3.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.3.4. Key Strategy & Developments
    • 18.3.4. OSRAM light AG
      • 18.3.4.1. Business Overview
      • 18.3.4.2. Product Portfolio
      • 18.3.4.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.4.4. Key Strategy & Developments
    • 18.3.5. Royal Philips NV
      • 18.3.5.1. Business Overview
      • 18.3.5.2. Product Portfolio
      • 18.3.5.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.5.4. Key Strategy & Developments
    • 18.3.6. Acuity Brands Lighting, Inc.
      • 18.3.6.1. Business Overview
      • 18.3.6.2. Product Portfolio
      • 18.3.6.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.6.4. Key Strategy & Developments
    • 18.3.7. Honeywell International Inc.
      • 18.3.7.1. Business Overview
      • 18.3.7.2. Product Portfolio
      • 18.3.7.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.7.4. Key Strategy & Developments
    • 18.3.8. Panasonic Corporation
      • 18.3.8.1. Business Overview
      • 18.3.8.2. Product Portfolio
      • 18.3.8.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.8.4. Key Strategy & Developments
    • 18.3.9. Schneider Electric
      • 18.3.9.1. Business Overview
      • 18.3.9.2. Product Portfolio
      • 18.3.9.3. Profitability by Market Segments (Business Segments/Region)
      • 18.3.9.4. Key Strategy & Developments

19. Assumptions and Acronyms Used

20. Research Methodology

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