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

Description

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

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