Smart Lighting Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Installation Type (New Installations and Retrofit Installations), End Use Application, Communication Technology, and Geography - Global Forecast to 2026
The smart lighting market is projected to reach USD 27.7 billion by 2026 from USD 10.9 billion in 2021; it is expected to grow at a CAGR of 20.5% from 2021 to 2026. Europe has the largest market share for smart lighting. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models as well as new constructions in the developing cities of the region, the smart lighting market is exhibiting an upbeat outlook. The booming commercial and industrial sectors would further fuel the adoption of smart lightings in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the smart lighting market in the region.
The lights and luminaires segment, in market by hardware, of the smart lighting market is projected to hold a larger share during the forecast period
The market for lights and luminaires accounted for a larger share of in 2020. Improved smart standards coupled with the growing demand for high input-powered devices for lighting are driving the said market. OEMs are coming up with integrated solutions in luminaires, which require more input power. Lights and luminaires broadly include smart bulbs, lamps, and luminaires such as fluorescent lights, light-emitting diodes (LEDs), and high-intensity discharge lamps (HIDs). The performance and characteristics of the light source used in lamps depend on the lighting task being performed. Choosing the right lamp type helps save energy to a great extent. Smart LED luminaires are cost-effective and offer a high return on investment. They reduce installation costs and are safer since conduits and metal cladding are not required. The benefits provided by smart technology make LED lighting systems a very attractive option for property owners. LED lighting is one of the mainstream technologies offering competitive cost and energy efficiency benefits.
In end use applications, the indoor segment is projected to hold the largest share of the smart lighting market during the forecast period
The indoor segment accounted for the largest share of the smart lighting market in 2020. Growing affordability and higher efficiencies are driving the use of smart lighting in commercial, industrial, and residential buildings. The dominance is attributed to the growing consumer awareness about smart lighting and the adoption of energy-efficient products in the smart lighting market. However, the high implementation cost of these solutions is one of the major factors inhibiting the growth of the market in the residential segment. APAC accounts for a large share of global construction investments, in which a significant portion is invested in the lighting industry, especially for the indoor segment. This factor is expected to drive the smart lighting market for indoor end-use application in APAC at the highest CAGR during the forecast period.
The smart lighting market in APAC is projected to have the highest CARG during the forecast period (2021-2026)
The smart lighting market in APAC comprises China, Japan, Australia, India and the Rest of APAC, which primarily includes South Korea, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh and the Philippines. This region is expected to have the highest CAGR during the forecast period. It is expected to be the fastest-growing market for smart lighting during the forecast period. The smart lighting market has enormous growth potential in this region, as connected lighting systems are rapidly being adopted in various applications, especially in smart offices/workspaces. Increasing construction activities in Asia Pacific are contributing significantly to the growth of the smart lighting market in the region. There are several new opportunities for energy-efficient lighting and advanced lighting systems in the next few years as ~200 million homes, and 18 million homes are expected to be constructed in China and India, respectively. The increasing number of smart city and smart infrastructure projects undertaken by the governments will create several opportunities for energy-efficient lighting and advanced lighting systems in the next few years. In addition, government initiatives for offering low-cost LED lights at subsidized prices are expected to contribute majorly to the accelerated growth of the Asia Pacific smart lighting market.
China is expected to lead the smart lighting market in APAC owing to the availability of cost-effective land for setting up manufacturing plants as well as for new constructions of commercial spaces, presence of multiple lighting manufacturers, and continuing growth in commercial and industrial buildings as well as smart offices. The country has expertise in manufacturing lighting equipment and adopts technologies at a faster rate than other nations in the region. Rapid economic growth in China, India, Japan, and the Rest of APAC is expected to propel the APAC smart lighting market in the coming years.
Breakdown of profiles of primary participants:
Research Coverage:
This report segments the smart lighting market with COVID-19 Impact Analysis by Installation Type (New Installations and Retrofit Installations), Offering (Hardware, Software and Services), End Use Application (Indoor and Outdoor), Communication Technology (Wired and Wireless) and Geography - Global Forecast to 2026
Reasons to Buy the Report:
The lights and luminaires segment, in market by hardware, of the smart lighting market is projected to hold a larger share during the forecast period
The market for lights and luminaires accounted for a larger share of in 2020. Improved smart standards coupled with the growing demand for high input-powered devices for lighting are driving the said market. OEMs are coming up with integrated solutions in luminaires, which require more input power. Lights and luminaires broadly include smart bulbs, lamps, and luminaires such as fluorescent lights, light-emitting diodes (LEDs), and high-intensity discharge lamps (HIDs). The performance and characteristics of the light source used in lamps depend on the lighting task being performed. Choosing the right lamp type helps save energy to a great extent. Smart LED luminaires are cost-effective and offer a high return on investment. They reduce installation costs and are safer since conduits and metal cladding are not required. The benefits provided by smart technology make LED lighting systems a very attractive option for property owners. LED lighting is one of the mainstream technologies offering competitive cost and energy efficiency benefits.
In end use applications, the indoor segment is projected to hold the largest share of the smart lighting market during the forecast period
The indoor segment accounted for the largest share of the smart lighting market in 2020. Growing affordability and higher efficiencies are driving the use of smart lighting in commercial, industrial, and residential buildings. The dominance is attributed to the growing consumer awareness about smart lighting and the adoption of energy-efficient products in the smart lighting market. However, the high implementation cost of these solutions is one of the major factors inhibiting the growth of the market in the residential segment. APAC accounts for a large share of global construction investments, in which a significant portion is invested in the lighting industry, especially for the indoor segment. This factor is expected to drive the smart lighting market for indoor end-use application in APAC at the highest CAGR during the forecast period.
The smart lighting market in APAC is projected to have the highest CARG during the forecast period (2021-2026)
The smart lighting market in APAC comprises China, Japan, Australia, India and the Rest of APAC, which primarily includes South Korea, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh and the Philippines. This region is expected to have the highest CAGR during the forecast period. It is expected to be the fastest-growing market for smart lighting during the forecast period. The smart lighting market has enormous growth potential in this region, as connected lighting systems are rapidly being adopted in various applications, especially in smart offices/workspaces. Increasing construction activities in Asia Pacific are contributing significantly to the growth of the smart lighting market in the region. There are several new opportunities for energy-efficient lighting and advanced lighting systems in the next few years as ~200 million homes, and 18 million homes are expected to be constructed in China and India, respectively. The increasing number of smart city and smart infrastructure projects undertaken by the governments will create several opportunities for energy-efficient lighting and advanced lighting systems in the next few years. In addition, government initiatives for offering low-cost LED lights at subsidized prices are expected to contribute majorly to the accelerated growth of the Asia Pacific smart lighting market.
China is expected to lead the smart lighting market in APAC owing to the availability of cost-effective land for setting up manufacturing plants as well as for new constructions of commercial spaces, presence of multiple lighting manufacturers, and continuing growth in commercial and industrial buildings as well as smart offices. The country has expertise in manufacturing lighting equipment and adopts technologies at a faster rate than other nations in the region. Rapid economic growth in China, India, Japan, and the Rest of APAC is expected to propel the APAC smart lighting market in the coming years.
Breakdown of profiles of primary participants:
- By Company Type: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
- By Designation: C-level Executives = 25%, Directors = 35%, and Others = 40%
- By Region: North America = 50%, Europe = 20%, APAC = 25%, and RoW = 5%
Research Coverage:
This report segments the smart lighting market with COVID-19 Impact Analysis by Installation Type (New Installations and Retrofit Installations), Offering (Hardware, Software and Services), End Use Application (Indoor and Outdoor), Communication Technology (Wired and Wireless) and Geography - Global Forecast to 2026
Reasons to Buy the Report:
- This report includes statistics pertaining to the smart lighting market based on offering, installation type, end use application, communication technology and region, along with their respective market sizes
- Major drivers, restraints, opportunities, and challenges for the smart lighting market have been provided in detail in this report
- The report includes illustrative segmentation, analysis, and forecast for the smart lighting market based on its segments.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 GENERAL INCLUSIONS & EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT THE OFFERING LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT THE END-USE APPLICATION LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SMART LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC ANALYSIS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 SMART LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across the value chain of the smart lighting market
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY MARKET PLAYERS IN THE SMART LIGHTING MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN THE SMART LIGHTING MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF THE SMART LIGHTING MARKET, BY END-USE APPLICATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing the market size through the bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market size through the top-down analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.6.1 ASSUMPTIONS
2.6.2 LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 9 COMPARISON OF SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET
TABLE 2 COMPARISON TABLE FOR SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET, 2017–2026 (USD MILLION)
3.1 SCENARIO ANALYSIS
3.1.1 REALISTIC SCENARIO (POST-COVID-19)
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
FIGURE 10 SERVICES SEGMENT TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026
FIGURE 11 LIGHT CONTROLS SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 12 INDOOR SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 13 SMART LIGHTING MARKET IN APAC TO EXHIBIT THE HIGHEST CAGR FROM 2021 TO 2026
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF THE SMART LIGHTING MARKET
FIGURE 14 GROWING ADOPTION OF SMART LIGHTING IN THE COMMERCIAL SEGMENT TO SUPPORT MARKET GROWTH
4.2 SMART LIGHTING MARKET IN APAC, BY OFFERING AND COUNTRY
FIGURE 15 HARDWARE SEGMENT AND CHINA TO ACCOUNT FOR THE LARGEST SHARES OF THE SMART LIGHTING MARKET IN APAC IN 2026
4.3 SMART LIGHTING MARKET, BY COUNTRY
FIGURE 16 SMART LIGHTING MARKET IN CHINA TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 SMART LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Ongoing and upcoming smart city projects in developing economies
5.2.1.2 Improved acceptance of standard protocols for lighting control systems
5.2.1.3 Introduction of new features such as data analytics and API event generation
5.2.1.4 Rising demand for IoT-enabled lighting fixtures and smart
lighting solutions
FIGURE 18 RISING DEMAND FOR SMART LIGHTING SOLUTIONS
5.2.1.5 Increasing use of LED lights and luminaires in outdoor lighting
FIGURE 19 SMART LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 High initial costs of smart lighting equipment and accessories
TABLE 3 INDICATIVE PRICES OF SMART LIGHTING EQUIPMENT
5.2.2.2 Security and reliability issues with IoT-based lighting systems
FIGURE 20 SMART LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing smart office and smart retail trends
5.2.3.2 Geographical opportunities in APAC and RoW regions
5.2.3.3 Development of human-centric lighting solutions
5.2.3.4 Growing demand for PoE-based lighting solutions in commercial and healthcare applications
5.2.3.5 Rapid transition from traditional lighting to connected lighting solutions
FIGURE 21 SMART LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Disruption in the smart lighting supply chain due to COVID-19
5.2.4.2 Interoperability issues between different network components
FIGURE 22 SMART LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: SMART LIGHTING MARKET
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART LIGHTING MARKET PLAYERS
FIGURE 24 REVENUE SHIFT IN THE SMART LIGHTING MARKET
5.5 MARKET MAP/MARKET ECOSYSTEM
TABLE 4 SMART LIGHTING MARKET: ECOSYSTEM
FIGURE 25 KEY PLAYERS IN THE SMART LIGHTING MARKET
5.6 KEY TECHNOLOGY TRENDS
FIGURE 26 SMART LIGHTING MARKET: LEADING TRENDS AMONG KEY MARKET PLAYERS
5.7 TECHNOLOGY ANALYSIS
5.7.1 POE LIGHTING AND WI-FI LIGHTING TECHNOLOGY
TABLE 5 COMPARISON OF POE LIGHTING AND WIRELESS LIGHTING TECHNOLOGY
5.8 PRICE TREND ANALYSIS
TABLE 6 INDICATIVE PRICES OF SMART SWITCHES, DIMMERS, AND CONTROLLERS
5.9 AVERAGE SELLING PRICE TREND
FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR SMART DIMMERS
5.10 CASE STUDY ANALYSIS
5.10.1 SMART LIGHTING IN OFFICES
TABLE 7 CREE LED LIGHTING AND CREE SMARTCAST TECHNOLOGY IN AVID SOLUTIONS OFFICES
5.10.2 SMART LIGHTING IN OFFICE SPACES
TABLE 8 OSRAM’S HUBSENSE EFFORTLESSLY TURNS AN EXISTING INSTALLATION INTO AN INTELLIGENT NEW LIGHT MANAGEMENT SYSTEM IN OFFICES
5.10.3 SMART LIGHTING FOR STATE-OF-THE-ART ARENA
TABLE 9 OSRAM’S DAYLIGHT-DEPENDENT CONTROL AND HUMAN-CENTRIC LIGHTING CREATED PERFECT TRAINING CONDITIONS IN AN INDOOR GYM
5.10.4 SMART LIGHTING FOR A LEARNING ENVIRONMENT
TABLE 10 SMART AND PERSONALIZED LEARNING ENVIRONMENT WITH PHILIPS CONNECTED LIGHTING
5.11 PATENT ANALYSIS
5.11.1 DOCUMENT TYPE
TABLE 11 PATENTS FILED
FIGURE 28 PATENTS FILED FROM 2011 TO 2020
5.11.2 PUBLICATION TREND
FIGURE 29 NO. OF PATENTS FILED EACH YEAR FROM 2011 TO 2020
5.11.3 JURISDICTION ANALYSIS
FIGURE 30 JURISDICTION ANALYSIS
5.11.4 TOP PATENT OWNERS
FIGURE 31 TOP 10 COMPANIES IN TERMS OF PATENT APPLICATIONS
FROM 2011 TO 2020
TABLE 12 TOP 20 PATENT OWNERS IN THE LAST 10 YEARS
5.12 TRADE ANALYSIS
FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 9405, 2016–2020
TABLE 13 EXPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER
HS CODE: 9405, 2016–2020
TABLE 14 IMPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS
TABLE 15 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT
5.13.1 THREAT OF NEW ENTRANTS
FIGURE 35 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
FIGURE 36 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF SUPPLIERS
FIGURE 37 BARGAINING POWER OF SUPPLIERS
5.13.4 BARGAINING POWER OF BUYERS
FIGURE 38 BARGAINING POWER OF BUYERS
5.13.5 DEGREE OF COMPETITIVE RIVALRY
FIGURE 39 COMPETITIVE RIVALRY
5.14 REGULATORY LANDSCAPE
TABLE 16 REGULATIONS: LIGHTING ECOSYSTEM
6 SMART LIGHTING MARKET, BY INSTALLATION TYPE
6.1 INTRODUCTION
FIGURE 40 SMART LIGHTING MARKET, BY INSTALLATION TYPE
FIGURE 41 NEW INSTALLATIONS TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
TABLE 17 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 18 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
6.2 NEW INSTALLATIONS
6.2.1 NEW INSTALLATIONS EXPECTED TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 19 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 20 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)
6.3 RETROFIT INSTALLATIONS
6.3.1 RETROFIT SMART LIGHTING MARKET TO WITNESS THE FASTEST GROWTH IN APAC DURING THE FORECAST PERIOD
TABLE 21 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 22 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)
7 SMART LIGHTING MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 42 SMART LIGHTING MARKET SEGMENTATION, BY OFFERING
FIGURE 43 SERVICES SEGMENT TO ACCOUNT FOR THE HIGHEST CAGR DURING
THE FORECAST PERIOD
TABLE 23 SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 24 SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
7.2 HARDWARE
7.2.1 LIGHTS & LUMINAIRES TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
TABLE 25 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
TABLE 27 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 28 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 29 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 30 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 31 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 32 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 33 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
FIGURE 44 LIGHTS & LUMINAIRES SEGMENT TO ACCOUNT FOR A LARGER SHARE DURING THE FORECAST PERIOD
TABLE 35 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 36 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 37 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (THOUSAND UNITS)
TABLE 38 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (THOUSAND UNITS)
7.2.2 LIGHTS AND LUMINAIRES
7.2.2.1 Lights & luminaires are some of the most important components of smart lighting solutions
7.2.2.2 Smart Bulbs
7.2.2.3 Fixtures
7.2.3 LIGHTING CONTROLS
7.2.3.1 Lighting controls are expected to grow at a higher rate during the forecast period
TABLE 39 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 40 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2021–2026 (USD MILLION)
7.2.3.2 LED Drivers and Ballasts
7.2.3.3 Sensors
7.2.3.4 Switches
7.2.3.5 Dimmers
7.2.3.5.1 Wired dimmers
7.2.3.5.2 Wireless dimmers
7.2.3.6 Relay units
7.2.3.7 Gateways
7.3 SOFTWARE
7.3.1 APAC IS EXPECTED TO RECORD THE HIGHEST CAGR DURING THE
FORECAST PERIOD
TABLE 41 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 44 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 45 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 46 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 47 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 48 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 49 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 50 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
7.3.1.1 Local/Web-based software
7.3.1.2 Cloud-based software
7.4 SERVICES
7.4.1 POST-INSTALLATION SERVICES MARKET TO EXHIBIT HIGH GROWTH DURING THE FORECAST PERIOD
TABLE 51 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
TABLE 53 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 54 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 55 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 56 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 57 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 58 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 59 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
TABLE 61 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2017–2020 (USD MILLION)
TABLE 62 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2021–2026 (USD MILLION)
7.4.1.1 Pre-installation services
7.4.1.2 Post-installation services
8 SMART LIGHTING MARKET, BY END-USE APPLICATION
8.1 INTRODUCTION
FIGURE 45 SMART LIGHTING MARKET SEGMENTATION, BY END-USE APPLICATION
FIGURE 46 INDOOR APPLICATION TO HOLD A LARGER MARKET SHARE IN 2026
TABLE 63 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 64 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
8.2 INDOOR
8.2.1 RESIDENTIAL APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 47 COMMERCIAL INDOOR APPLICATION TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 65 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 66 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 67 INDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 INDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
8.2.2 COMMERCIAL
8.2.2.1 Retail
8.2.2.2 Hospitality
8.2.2.3 Office Lighting
8.2.3 INDUSTRIAL
8.2.4 RESIDENTIAL
8.2.5 OTHERS
8.3 OUTDOOR
8.3.1 HIGHWAYS & ROADWAYS TO ACCOUNT FOR A MAJOR SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD
FIGURE 48 HIGHWAYS & ROADWAYS LIGHTING TO HOLD THE LARGEST SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 69 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 70 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 71 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 72 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
8.3.2 HIGHWAYS & ROADWAYS LIGHTING
8.3.2.1 Architectural lighting
8.3.2.2 Lighting for public places
9 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
9.1 INTRODUCTION
FIGURE 49 SMART LIGHTING MARKET SEGMENTATION, BY COMMUNICATION TECHNOLOGY
FIGURE 50 WIRED COMMUNICATION TECHNOLOGY TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 73 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 74 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
9.2 WIRED
9.2.1 POE PROTOCOL TO EXHIBIT THE FASTEST GROWTH IN THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
FIGURE 51 DALI PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
TABLE 75 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2017–2020 (USD MILLION)
TABLE 76 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2021–2026 (USD MILLION)
TABLE 77 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 78 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
9.2.2 DALI
9.2.3 POWER OVER ETHERNET (POE)
FIGURE 52 TIMELINE OF POE-RELATED IEEE STANDARDS
TABLE 79 OVERVIEW OF POE PROTOCOLS
9.2.4 POWER LINE COMMUNICATIONS (PLC)
9.2.5 WIRED HYBRID PROTOCOLS
9.3 WIRELESS
9.3.1 ZIGBEE EXPECTED TO DOMINATE THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
FIGURE 53 ZIGBEE PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
TABLE 80 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2017–2020 (USD MILLION)
TABLE 81 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2021–2026 (USD MILLION)
TABLE 82 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 83 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
9.3.2 ZIGBEE
9.3.3 WI-FI
9.3.4 BLE
9.3.5 ENOCEAN
9.3.6 6LOWPAN
9.3.7 WIRELESS HYBRID PROTOCOLS
10 SMART LIGHTING MARKET, BY GEOGRAPHIC ANALYSIS
10.1 INTRODUCTION
FIGURE 54 MARKET SEGMENTATION, BY GEOGRAPHY
FIGURE 55 SMART LIGHTING MARKET IN APAC TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 84 SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 85 SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 56 SMART LIGHTING MARKET IN NORTH AMERICA
FIGURE 57 SMART LIGHTING MARKET SNAPSHOT: NORTH AMERICA
TABLE 86 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 87 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 88 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 89 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 90 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 91 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 92 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 93 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 94 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 95 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 96 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 97 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 98 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 99 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 100 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 101 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.2.1 US
10.2.1.1 US accounted for the largest market share in North America
TABLE 102 US: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 103 US: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Rising technological awareness about applications and benefits offered by smart lighting to drive growth
TABLE 104 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 105 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.2.3 MEXICO
10.2.3.1 Emerging technologies to boost the demand for smart lighting
TABLE 106 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 107 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3 EUROPE
FIGURE 58 SMART LIGHTING MARKET IN EUROPE
FIGURE 59 SMART LIGHTING MARKET SNAPSHOT: EUROPE
TABLE 108 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 109 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 110 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 111 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 112 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 113 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 114 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 115 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 116 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 117 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 118 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 119 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 120 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 121 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 122 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 123 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Germany dominates the European smart lighting market
TABLE 124 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 125 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.2 FRANCE
10.3.2.1 Hardware segment of the smart lighting market to hold a major share in France during the forecast period
TABLE 126 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 127 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.3 UK
10.3.3.1 Increased demand for green energy lighting solutions to drive the smart lighting market
TABLE 128 UK: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 129 UK: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.4 ITALY
10.3.4.1 Services segment to grow at the highest rate during the
forecast period
TABLE 130 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 131 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.5 SPAIN
10.3.5.1 Government regulations for reducing emissions drive the adoption of smart lighting systems in Spain
TABLE 132 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 133 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 134 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 135 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4 APAC
FIGURE 60 SMART LIGHTING MARKET IN APAC
FIGURE 61 SMART LIGHTING MARKET SNAPSHOT: APAC
TABLE 136 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 137 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 138 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 139 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 140 APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 141 APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 142 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 143 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 144 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 145 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 146 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 147 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 148 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 149 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 150 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 151 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.4.1 CHINA
10.4.1.1 China held the largest share of the smart lighting market in
APAC in 2020
TABLE 152 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 153 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.2 JAPAN
10.4.2.1 Japan’s top-notch infrastructural setup to boost the market growth
TABLE 154 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 155 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.3 INDIA
10.4.3.1 Government initiatives to boost the market growth
TABLE 156 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 157 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.4 AUSTRALIA
10.4.4.1 Hardware market in Australia to dominate the smart lighting market during the forecast period
TABLE 158 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 159 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.5 REST OF APAC
TABLE 160 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 161 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.5 ROW
FIGURE 62 SMART LIGHTING MARKET IN ROW
FIGURE 63 SNAPSHOT: SMART LIGHTING MARKET IN ROW
TABLE 162 ROW: SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 163 ROW: SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 164 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 165 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 166 ROW: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 167 ROW: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 168 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 169 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 170 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 171 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 172 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 173 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 174 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 175 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 176 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 177 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.5.1 SOUTH AMERICA
10.5.1.1 Increasing focus of municipalities and utilities on energy efficiency and cost-saving systems to drive the market
TABLE 178 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 179 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Middle East & Africa to witness high adoption of smart lighting
TABLE 180 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 181 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
FIGURE 64 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN THE SMART LIGHTING MARKET FROM 2018 TO 2021
11.2 MARKET SHARE AND RANKING ANALYSIS
FIGURE 65 SMART LIGHTING MARKET: MARKET SHARE ANALYSIS
TABLE 182 SMART LIGHTING MARKET: DEGREE OF COMPETITION
TABLE 183 SMART LIGHTING MARKET RANKING ANALYSIS
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 66 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS
11.4 COMPANY EVALUATION QUADRANT, 2020
FIGURE 67 SMART LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
11.4.1 STAR
11.4.2 PERVASIVE
11.4.3 EMERGING LEADER
11.4.4 PARTICIPANT
11.5 COMPETITIVE BENCHMARKING
TABLE 184 APPLICATION FOOTPRINT (25 COMPANIES)
TABLE 185 REGIONAL FOOTPRINT (25 COMPANIES)
11.6 STARTUP/SME EVALUATION MATRIX, 2020
FIGURE 68 SMART LIGHTING (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.7 COMPETITIVE SCENARIO AND TRENDS
11.7.1 PRODUCT LAUNCHES
TABLE 186 SMART LIGHTING: NEW PRODUCT LAUNCHES, BY COMPANY, JANUARY 2019- FEBRUARY 2021
11.7.2 DEALS
TABLE 187 SMART LIGHTING: DEALS, BY COMPANY, JANUARY 2019-FEBRUARY 2021
12 COMPANY PROFILES
12.1 INTRODUCTION
(Business overview, Products/Solutions/Services offered, Recent Developments,SWOT Analysis, MNM view)*
12.2 KEY PLAYERS
12.2.1 SIGNIFY (PHILIPS LIGHTING)
TABLE 188 SIGNIFY N.V.: BUSINESS OVERVIEW
FIGURE 69 SIGNIFY N.V.: COMPANY SNAPSHOT
12.2.2 LEGRAND S.A.
TABLE 189 LEGRAND: BUSINESS OVERVIEW
FIGURE 70 LEGRAND: COMPANY SNAPSHOT
12.2.3 ACUITY BRANDS INC.
TABLE 190 ACUITY BRANDS INC.: BUSINESS OVERVIEW
FIGURE 71 ACUITY BRANDS INC.: COMPANY SNAPSHOT
12.2.4 OSRAM LICHT AG
TABLE 191 OSRAM LICHT AG: BUSINESS OVERVIEW
FIGURE 72 OSRAM LICHT AG: COMPANY SNAPSHOT
12.2.5 HUBBELL INCORPORATED
TABLE 192 HUBBELL INCORPORATED: BUSINESS OVERVIEW
FIGURE 73 HUBBELL INCORPORATED: COMPANY SNAPSHOT
12.2.6 LEVITON MANUFACTURING COMPANY, INC.
TABLE 193 LEVITON MANUFACTURING COMPANY, INC.: BUSINESS OVERVIEW
12.2.7 LUTRON ELECTRONICS CO. INC.
TABLE 194 LUTRON ELECTRONICS CO. INC.: BUSINESS OVERVIEW
12.2.8 HONEYWELL INTERNATIONAL INC.
TABLE 195 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 74 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
12.2.9 ZUMTOBEL GROUP AG
TABLE 196 ZUMTOBEL GROUP AG.: BUSINESS OVERVIEW
FIGURE 75 ZUMTOBEL GROUP AG: COMPANY SNAPSHOT
12.2.10 IDEAL INDUSTRIES (CREE)
TABLE 197 IDEAL INDUSTRIES (CREE): BUSINESS OVERVIEW
12.3 OTHER KEY PLAYERS
12.3.1 GE CURRENT
12.3.2 SAVANT SYSTEMS INC. (GE LIGHTING)
12.3.3 IKEA SYSTEMS BV
12.3.4 DIALIGHT PLC
12.3.5 SCHNEIDER ELECTRIC SE
12.3.6 ABB
12.3.7 LIGHTWAVERF PLC
12.3.8 RAB LIGHTING INC.
12.3.9 SYNAPSE WIRELESS, INC. (MCWANE, INC.)
12.3.10 PANASONIC GROUP
12.3.11 ADESTO TECHNOLOGIES (ECHELON CORPORATION)
12.3.12 LG ELECTRONICS INC.
12.3.13 WIPRO ENTERPRISES (P) LIMITED
12.3.14 SYSKA LED
12.3.15 ENLIGHTED INC. (A SIEMENS COMPANY)
12.3.16 HELVAR
*Details on Business overview, Products/Solutions/Services offered, Recent Developments,SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 QUESTIONNAIRE FOR THE SMART LIGHTING MARKET
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 GENERAL INCLUSIONS & EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT THE OFFERING LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT THE END-USE APPLICATION LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SMART LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC ANALYSIS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 SMART LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across the value chain of the smart lighting market
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY MARKET PLAYERS IN THE SMART LIGHTING MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN THE SMART LIGHTING MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF THE SMART LIGHTING MARKET, BY END-USE APPLICATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing the market size through the bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market size through the top-down analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.6.1 ASSUMPTIONS
2.6.2 LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 9 COMPARISON OF SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET
TABLE 2 COMPARISON TABLE FOR SCENARIO-BASED IMPACT OF COVID-19 ON THE SMART LIGHTING MARKET, 2017–2026 (USD MILLION)
3.1 SCENARIO ANALYSIS
3.1.1 REALISTIC SCENARIO (POST-COVID-19)
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
FIGURE 10 SERVICES SEGMENT TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026
FIGURE 11 LIGHT CONTROLS SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 12 INDOOR SEGMENT TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 13 SMART LIGHTING MARKET IN APAC TO EXHIBIT THE HIGHEST CAGR FROM 2021 TO 2026
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF THE SMART LIGHTING MARKET
FIGURE 14 GROWING ADOPTION OF SMART LIGHTING IN THE COMMERCIAL SEGMENT TO SUPPORT MARKET GROWTH
4.2 SMART LIGHTING MARKET IN APAC, BY OFFERING AND COUNTRY
FIGURE 15 HARDWARE SEGMENT AND CHINA TO ACCOUNT FOR THE LARGEST SHARES OF THE SMART LIGHTING MARKET IN APAC IN 2026
4.3 SMART LIGHTING MARKET, BY COUNTRY
FIGURE 16 SMART LIGHTING MARKET IN CHINA TO REGISTER THE HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 SMART LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Ongoing and upcoming smart city projects in developing economies
5.2.1.2 Improved acceptance of standard protocols for lighting control systems
5.2.1.3 Introduction of new features such as data analytics and API event generation
5.2.1.4 Rising demand for IoT-enabled lighting fixtures and smart
lighting solutions
FIGURE 18 RISING DEMAND FOR SMART LIGHTING SOLUTIONS
5.2.1.5 Increasing use of LED lights and luminaires in outdoor lighting
FIGURE 19 SMART LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 High initial costs of smart lighting equipment and accessories
TABLE 3 INDICATIVE PRICES OF SMART LIGHTING EQUIPMENT
5.2.2.2 Security and reliability issues with IoT-based lighting systems
FIGURE 20 SMART LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing smart office and smart retail trends
5.2.3.2 Geographical opportunities in APAC and RoW regions
5.2.3.3 Development of human-centric lighting solutions
5.2.3.4 Growing demand for PoE-based lighting solutions in commercial and healthcare applications
5.2.3.5 Rapid transition from traditional lighting to connected lighting solutions
FIGURE 21 SMART LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Disruption in the smart lighting supply chain due to COVID-19
5.2.4.2 Interoperability issues between different network components
FIGURE 22 SMART LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: SMART LIGHTING MARKET
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART LIGHTING MARKET PLAYERS
FIGURE 24 REVENUE SHIFT IN THE SMART LIGHTING MARKET
5.5 MARKET MAP/MARKET ECOSYSTEM
TABLE 4 SMART LIGHTING MARKET: ECOSYSTEM
FIGURE 25 KEY PLAYERS IN THE SMART LIGHTING MARKET
5.6 KEY TECHNOLOGY TRENDS
FIGURE 26 SMART LIGHTING MARKET: LEADING TRENDS AMONG KEY MARKET PLAYERS
5.7 TECHNOLOGY ANALYSIS
5.7.1 POE LIGHTING AND WI-FI LIGHTING TECHNOLOGY
TABLE 5 COMPARISON OF POE LIGHTING AND WIRELESS LIGHTING TECHNOLOGY
5.8 PRICE TREND ANALYSIS
TABLE 6 INDICATIVE PRICES OF SMART SWITCHES, DIMMERS, AND CONTROLLERS
5.9 AVERAGE SELLING PRICE TREND
FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR SMART DIMMERS
5.10 CASE STUDY ANALYSIS
5.10.1 SMART LIGHTING IN OFFICES
TABLE 7 CREE LED LIGHTING AND CREE SMARTCAST TECHNOLOGY IN AVID SOLUTIONS OFFICES
5.10.2 SMART LIGHTING IN OFFICE SPACES
TABLE 8 OSRAM’S HUBSENSE EFFORTLESSLY TURNS AN EXISTING INSTALLATION INTO AN INTELLIGENT NEW LIGHT MANAGEMENT SYSTEM IN OFFICES
5.10.3 SMART LIGHTING FOR STATE-OF-THE-ART ARENA
TABLE 9 OSRAM’S DAYLIGHT-DEPENDENT CONTROL AND HUMAN-CENTRIC LIGHTING CREATED PERFECT TRAINING CONDITIONS IN AN INDOOR GYM
5.10.4 SMART LIGHTING FOR A LEARNING ENVIRONMENT
TABLE 10 SMART AND PERSONALIZED LEARNING ENVIRONMENT WITH PHILIPS CONNECTED LIGHTING
5.11 PATENT ANALYSIS
5.11.1 DOCUMENT TYPE
TABLE 11 PATENTS FILED
FIGURE 28 PATENTS FILED FROM 2011 TO 2020
5.11.2 PUBLICATION TREND
FIGURE 29 NO. OF PATENTS FILED EACH YEAR FROM 2011 TO 2020
5.11.3 JURISDICTION ANALYSIS
FIGURE 30 JURISDICTION ANALYSIS
5.11.4 TOP PATENT OWNERS
FIGURE 31 TOP 10 COMPANIES IN TERMS OF PATENT APPLICATIONS
FROM 2011 TO 2020
TABLE 12 TOP 20 PATENT OWNERS IN THE LAST 10 YEARS
5.12 TRADE ANALYSIS
FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 9405, 2016–2020
TABLE 13 EXPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER
HS CODE: 9405, 2016–2020
TABLE 14 IMPORT SCENARIO FOR HS CODE: 9405-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS
TABLE 15 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT
5.13.1 THREAT OF NEW ENTRANTS
FIGURE 35 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
FIGURE 36 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF SUPPLIERS
FIGURE 37 BARGAINING POWER OF SUPPLIERS
5.13.4 BARGAINING POWER OF BUYERS
FIGURE 38 BARGAINING POWER OF BUYERS
5.13.5 DEGREE OF COMPETITIVE RIVALRY
FIGURE 39 COMPETITIVE RIVALRY
5.14 REGULATORY LANDSCAPE
TABLE 16 REGULATIONS: LIGHTING ECOSYSTEM
6 SMART LIGHTING MARKET, BY INSTALLATION TYPE
6.1 INTRODUCTION
FIGURE 40 SMART LIGHTING MARKET, BY INSTALLATION TYPE
FIGURE 41 NEW INSTALLATIONS TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
TABLE 17 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 18 SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
6.2 NEW INSTALLATIONS
6.2.1 NEW INSTALLATIONS EXPECTED TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 19 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 20 SMART LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)
6.3 RETROFIT INSTALLATIONS
6.3.1 RETROFIT SMART LIGHTING MARKET TO WITNESS THE FASTEST GROWTH IN APAC DURING THE FORECAST PERIOD
TABLE 21 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 22 SMART LIGHTING MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)
7 SMART LIGHTING MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 42 SMART LIGHTING MARKET SEGMENTATION, BY OFFERING
FIGURE 43 SERVICES SEGMENT TO ACCOUNT FOR THE HIGHEST CAGR DURING
THE FORECAST PERIOD
TABLE 23 SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 24 SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
7.2 HARDWARE
7.2.1 LIGHTS & LUMINAIRES TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
TABLE 25 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
TABLE 27 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 28 NORTH AMERICA: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 29 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 30 EUROPE: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 31 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 32 APAC: SMART LIGHTING MARKET FOR HARDWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 33 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 ROW: SMART LIGHTING MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
FIGURE 44 LIGHTS & LUMINAIRES SEGMENT TO ACCOUNT FOR A LARGER SHARE DURING THE FORECAST PERIOD
TABLE 35 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 36 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 37 SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (THOUSAND UNITS)
TABLE 38 SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (THOUSAND UNITS)
7.2.2 LIGHTS AND LUMINAIRES
7.2.2.1 Lights & luminaires are some of the most important components of smart lighting solutions
7.2.2.2 Smart Bulbs
7.2.2.3 Fixtures
7.2.3 LIGHTING CONTROLS
7.2.3.1 Lighting controls are expected to grow at a higher rate during the forecast period
TABLE 39 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 40 SMART LIGHTING MARKET FOR LIGHTING CONTROLS, BY COMPONENT, 2021–2026 (USD MILLION)
7.2.3.2 LED Drivers and Ballasts
7.2.3.3 Sensors
7.2.3.4 Switches
7.2.3.5 Dimmers
7.2.3.5.1 Wired dimmers
7.2.3.5.2 Wireless dimmers
7.2.3.6 Relay units
7.2.3.7 Gateways
7.3 SOFTWARE
7.3.1 APAC IS EXPECTED TO RECORD THE HIGHEST CAGR DURING THE
FORECAST PERIOD
TABLE 41 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 44 NORTH AMERICA: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 45 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 46 EUROPE: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 47 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 48 APAC: SMART LIGHTING MARKET FOR SOFTWARE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 49 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2017–2020 (USD MILLION)
TABLE 50 ROW: SMART LIGHTING MARKET FOR SOFTWARE, BY REGION, 2021–2026 (USD MILLION)
7.3.1.1 Local/Web-based software
7.3.1.2 Cloud-based software
7.4 SERVICES
7.4.1 POST-INSTALLATION SERVICES MARKET TO EXHIBIT HIGH GROWTH DURING THE FORECAST PERIOD
TABLE 51 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
TABLE 53 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 54 NORTH AMERICA: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 55 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 56 EUROPE: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 57 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 58 APAC: SMART LIGHTING MARKET FOR SERVICES, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 59 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 ROW: SMART LIGHTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
TABLE 61 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2017–2020 (USD MILLION)
TABLE 62 SMART LIGHTING MARKET FOR SERVICES, BY SERVICE TYPE, 2021–2026 (USD MILLION)
7.4.1.1 Pre-installation services
7.4.1.2 Post-installation services
8 SMART LIGHTING MARKET, BY END-USE APPLICATION
8.1 INTRODUCTION
FIGURE 45 SMART LIGHTING MARKET SEGMENTATION, BY END-USE APPLICATION
FIGURE 46 INDOOR APPLICATION TO HOLD A LARGER MARKET SHARE IN 2026
TABLE 63 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 64 SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
8.2 INDOOR
8.2.1 RESIDENTIAL APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 47 COMMERCIAL INDOOR APPLICATION TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 65 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 66 INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 67 INDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 INDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
8.2.2 COMMERCIAL
8.2.2.1 Retail
8.2.2.2 Hospitality
8.2.2.3 Office Lighting
8.2.3 INDUSTRIAL
8.2.4 RESIDENTIAL
8.2.5 OTHERS
8.3 OUTDOOR
8.3.1 HIGHWAYS & ROADWAYS TO ACCOUNT FOR A MAJOR SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD
FIGURE 48 HIGHWAYS & ROADWAYS LIGHTING TO HOLD THE LARGEST SHARE OF THE OUTDOOR SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 69 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 70 OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 71 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 72 OUTDOOR SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
8.3.2 HIGHWAYS & ROADWAYS LIGHTING
8.3.2.1 Architectural lighting
8.3.2.2 Lighting for public places
9 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
9.1 INTRODUCTION
FIGURE 49 SMART LIGHTING MARKET SEGMENTATION, BY COMMUNICATION TECHNOLOGY
FIGURE 50 WIRED COMMUNICATION TECHNOLOGY TO DOMINATE THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD
TABLE 73 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 74 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
9.2 WIRED
9.2.1 POE PROTOCOL TO EXHIBIT THE FASTEST GROWTH IN THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
FIGURE 51 DALI PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
TABLE 75 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2017–2020 (USD MILLION)
TABLE 76 SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2021–2026 (USD MILLION)
TABLE 77 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 78 WIRED SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
9.2.2 DALI
9.2.3 POWER OVER ETHERNET (POE)
FIGURE 52 TIMELINE OF POE-RELATED IEEE STANDARDS
TABLE 79 OVERVIEW OF POE PROTOCOLS
9.2.4 POWER LINE COMMUNICATIONS (PLC)
9.2.5 WIRED HYBRID PROTOCOLS
9.3 WIRELESS
9.3.1 ZIGBEE EXPECTED TO DOMINATE THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
FIGURE 53 ZIGBEE PROTOCOL TO HOLD THE LARGEST SHARE OF THE SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY DURING THE FORECAST PERIOD
TABLE 80 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2017–2020 (USD MILLION)
TABLE 81 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY TYPE, 2021–2026 (USD MILLION)
TABLE 82 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 83 WIRELESS SMART LIGHTING MARKET FOR COMMUNICATION TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
9.3.2 ZIGBEE
9.3.3 WI-FI
9.3.4 BLE
9.3.5 ENOCEAN
9.3.6 6LOWPAN
9.3.7 WIRELESS HYBRID PROTOCOLS
10 SMART LIGHTING MARKET, BY GEOGRAPHIC ANALYSIS
10.1 INTRODUCTION
FIGURE 54 MARKET SEGMENTATION, BY GEOGRAPHY
FIGURE 55 SMART LIGHTING MARKET IN APAC TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 84 SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 85 SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 56 SMART LIGHTING MARKET IN NORTH AMERICA
FIGURE 57 SMART LIGHTING MARKET SNAPSHOT: NORTH AMERICA
TABLE 86 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 87 NORTH AMERICA: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 88 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 89 NORTH AMERICA: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 90 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 91 NORTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 92 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 93 NORTH AMERICA: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 94 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 95 NORTH AMERICA: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 96 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 97 NORTH AMERICA: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 98 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 99 NORTH AMERICA: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 100 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 101 NORTH AMERICA: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.2.1 US
10.2.1.1 US accounted for the largest market share in North America
TABLE 102 US: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 103 US: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Rising technological awareness about applications and benefits offered by smart lighting to drive growth
TABLE 104 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 105 CANADA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.2.3 MEXICO
10.2.3.1 Emerging technologies to boost the demand for smart lighting
TABLE 106 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 107 MEXICO: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3 EUROPE
FIGURE 58 SMART LIGHTING MARKET IN EUROPE
FIGURE 59 SMART LIGHTING MARKET SNAPSHOT: EUROPE
TABLE 108 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 109 EUROPE: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 110 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 111 EUROPE: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 112 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 113 EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 114 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 115 EUROPE: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 116 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 117 EUROPE: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 118 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 119 EUROPE: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 120 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 121 EUROPE: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 122 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 123 EUROPE: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Germany dominates the European smart lighting market
TABLE 124 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 125 GERMANY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.2 FRANCE
10.3.2.1 Hardware segment of the smart lighting market to hold a major share in France during the forecast period
TABLE 126 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 127 FRANCE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.3 UK
10.3.3.1 Increased demand for green energy lighting solutions to drive the smart lighting market
TABLE 128 UK: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 129 UK: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.4 ITALY
10.3.4.1 Services segment to grow at the highest rate during the
forecast period
TABLE 130 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 131 ITALY: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.5 SPAIN
10.3.5.1 Government regulations for reducing emissions drive the adoption of smart lighting systems in Spain
TABLE 132 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 133 SPAIN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 134 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 135 REST OF EUROPE: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4 APAC
FIGURE 60 SMART LIGHTING MARKET IN APAC
FIGURE 61 SMART LIGHTING MARKET SNAPSHOT: APAC
TABLE 136 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 137 APAC: SMART LIGHTING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 138 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 139 APAC: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 140 APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 141 APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 142 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 143 APAC: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 144 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 145 APAC: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 146 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 147 APAC: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 148 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 149 APAC: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 150 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 151 APAC: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.4.1 CHINA
10.4.1.1 China held the largest share of the smart lighting market in
APAC in 2020
TABLE 152 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 153 CHINA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.2 JAPAN
10.4.2.1 Japan’s top-notch infrastructural setup to boost the market growth
TABLE 154 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 155 JAPAN: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.3 INDIA
10.4.3.1 Government initiatives to boost the market growth
TABLE 156 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 157 INDIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.4 AUSTRALIA
10.4.4.1 Hardware market in Australia to dominate the smart lighting market during the forecast period
TABLE 158 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 159 AUSTRALIA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.4.5 REST OF APAC
TABLE 160 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 161 REST OF APAC: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.5 ROW
FIGURE 62 SMART LIGHTING MARKET IN ROW
FIGURE 63 SNAPSHOT: SMART LIGHTING MARKET IN ROW
TABLE 162 ROW: SMART LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 163 ROW: SMART LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 164 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
TABLE 165 ROW: SMART LIGHTING MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
TABLE 166 ROW: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 167 ROW: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 168 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2017–2020 (USD MILLION)
TABLE 169 ROW: SMART LIGHTING MARKET, BY HARDWARE, 2021–2026 (USD MILLION)
TABLE 170 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 171 ROW: SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 172 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
TABLE 173 ROW: SMART LIGHTING MARKET, BY END-USE APPLICATION, 2021–2026 (USD MILLION)
TABLE 174 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 175 ROW: INDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 176 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 177 ROW: OUTDOOR SMART LIGHTING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.5.1 SOUTH AMERICA
10.5.1.1 Increasing focus of municipalities and utilities on energy efficiency and cost-saving systems to drive the market
TABLE 178 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 179 SOUTH AMERICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Middle East & Africa to witness high adoption of smart lighting
TABLE 180 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 181 MIDDLE EAST & AFRICA: SMART LIGHTING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
FIGURE 64 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN THE SMART LIGHTING MARKET FROM 2018 TO 2021
11.2 MARKET SHARE AND RANKING ANALYSIS
FIGURE 65 SMART LIGHTING MARKET: MARKET SHARE ANALYSIS
TABLE 182 SMART LIGHTING MARKET: DEGREE OF COMPETITION
TABLE 183 SMART LIGHTING MARKET RANKING ANALYSIS
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 66 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS
11.4 COMPANY EVALUATION QUADRANT, 2020
FIGURE 67 SMART LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
11.4.1 STAR
11.4.2 PERVASIVE
11.4.3 EMERGING LEADER
11.4.4 PARTICIPANT
11.5 COMPETITIVE BENCHMARKING
TABLE 184 APPLICATION FOOTPRINT (25 COMPANIES)
TABLE 185 REGIONAL FOOTPRINT (25 COMPANIES)
11.6 STARTUP/SME EVALUATION MATRIX, 2020
FIGURE 68 SMART LIGHTING (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.7 COMPETITIVE SCENARIO AND TRENDS
11.7.1 PRODUCT LAUNCHES
TABLE 186 SMART LIGHTING: NEW PRODUCT LAUNCHES, BY COMPANY, JANUARY 2019- FEBRUARY 2021
11.7.2 DEALS
TABLE 187 SMART LIGHTING: DEALS, BY COMPANY, JANUARY 2019-FEBRUARY 2021
12 COMPANY PROFILES
12.1 INTRODUCTION
(Business overview, Products/Solutions/Services offered, Recent Developments,SWOT Analysis, MNM view)*
12.2 KEY PLAYERS
12.2.1 SIGNIFY (PHILIPS LIGHTING)
TABLE 188 SIGNIFY N.V.: BUSINESS OVERVIEW
FIGURE 69 SIGNIFY N.V.: COMPANY SNAPSHOT
12.2.2 LEGRAND S.A.
TABLE 189 LEGRAND: BUSINESS OVERVIEW
FIGURE 70 LEGRAND: COMPANY SNAPSHOT
12.2.3 ACUITY BRANDS INC.
TABLE 190 ACUITY BRANDS INC.: BUSINESS OVERVIEW
FIGURE 71 ACUITY BRANDS INC.: COMPANY SNAPSHOT
12.2.4 OSRAM LICHT AG
TABLE 191 OSRAM LICHT AG: BUSINESS OVERVIEW
FIGURE 72 OSRAM LICHT AG: COMPANY SNAPSHOT
12.2.5 HUBBELL INCORPORATED
TABLE 192 HUBBELL INCORPORATED: BUSINESS OVERVIEW
FIGURE 73 HUBBELL INCORPORATED: COMPANY SNAPSHOT
12.2.6 LEVITON MANUFACTURING COMPANY, INC.
TABLE 193 LEVITON MANUFACTURING COMPANY, INC.: BUSINESS OVERVIEW
12.2.7 LUTRON ELECTRONICS CO. INC.
TABLE 194 LUTRON ELECTRONICS CO. INC.: BUSINESS OVERVIEW
12.2.8 HONEYWELL INTERNATIONAL INC.
TABLE 195 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 74 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
12.2.9 ZUMTOBEL GROUP AG
TABLE 196 ZUMTOBEL GROUP AG.: BUSINESS OVERVIEW
FIGURE 75 ZUMTOBEL GROUP AG: COMPANY SNAPSHOT
12.2.10 IDEAL INDUSTRIES (CREE)
TABLE 197 IDEAL INDUSTRIES (CREE): BUSINESS OVERVIEW
12.3 OTHER KEY PLAYERS
12.3.1 GE CURRENT
12.3.2 SAVANT SYSTEMS INC. (GE LIGHTING)
12.3.3 IKEA SYSTEMS BV
12.3.4 DIALIGHT PLC
12.3.5 SCHNEIDER ELECTRIC SE
12.3.6 ABB
12.3.7 LIGHTWAVERF PLC
12.3.8 RAB LIGHTING INC.
12.3.9 SYNAPSE WIRELESS, INC. (MCWANE, INC.)
12.3.10 PANASONIC GROUP
12.3.11 ADESTO TECHNOLOGIES (ECHELON CORPORATION)
12.3.12 LG ELECTRONICS INC.
12.3.13 WIPRO ENTERPRISES (P) LIMITED
12.3.14 SYSKA LED
12.3.15 ENLIGHTED INC. (A SIEMENS COMPANY)
12.3.16 HELVAR
*Details on Business overview, Products/Solutions/Services offered, Recent Developments,SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 QUESTIONNAIRE FOR THE SMART LIGHTING MARKET
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
According to the new market research report "Smart Lighting Market by Offering (Hardware (Lights & Luminaires, Lighting Controls), Software, and Services), Communication Technology (Wired and Wireless), Installation Type, Application Type, and Geography - Global Forecast to 2023", The smart lighting market is estimated to grow from USD 7.93 Billion in 2018 to USD 20.98 Billion by 2023, at a CAGR of 21.50% between 2018 and 2023. The major factors driving the growth of the smart lighting market include modernization and development of infrastructure to transform cities into smart cities, need for energy-efficient lighting systems, increasing adoption and decreasing cost of LEDs, increased demand for intelligent solutions for street lighting systems, and growing awareness about energy savings among consumers and governments worldwide.
Some of the major players in the smart lighting market are
- Philips Lighting (Netherlands)
- Hafele Group (Germany)
- Acuity Brands (US)
- OSRAM (Germany)
- Cree (US)
- Hubbell (US)
- Zumtobel Group (Austria)
- Honeywell (US)
- Legrand (France)
- Eaton (Ireland)
- Lutron Electronics (US)
- General Electric (US)
Smart lighting market for services to grow at highest CAGR between 2018 and 2023
Services play a major role before and after the installation of smart lighting systems. This segment comprises design and engineering services, installation service, and post-installation services (maintenance, and support and monitoring services). The growth of the smart lighting market for services is mainly attributed to the expected high rate of adoption of smart street lighting systems for energy conservation and ecological safety during the forecast period. Post-installation services consist of maintenance, support, and monitoring services for smart lighting systems. Among these, maintenance and support services require high expenditure. Post-installation services consist of maintenance and support for smart lighting systems to ensure long life of the luminaires and lamps, with minimum energy consumption and maximum efficiency.
Indoor application to hold larger share of smart lighting market by 2023
Indoor application (residential, commercial, and industrial) is expected to hold a larger size of the smart lighting market during the forecast period. In residential applications, smart lighting can be installed according to the requirement of a particular room or an entire house. The incorporation of wireless technology in smart lightings would help the market for residential indoor application to grow at a high rate. The commercial application of smart lighting includes the implementation of these lightings in offices, retail shops, shopping malls, and hospitality infrastructure. Reducing energy consumption has become a major objective for building owners, governments, utilities, and other stakeholders. Replacing existing lights with more energy-efficient lighting sources, such as LEDs, is one of the ways to reduce massive energy consumption; however, it is a small-scale solution for the issue. On a large scale, energy consumption can be reduced by turning the lights off when not required, optimizing light levels to suit the workers occupants needs, and reducing the overall demand for lighting energy. These measures come under smart lighting arrangement, which is the best way to ensure the automatic reduction in energy consumed in the lighting task.
Smart lighting market for wireless connectivity to grow at higher CAGR between 2018 and 2023
The use of lightings based on wireless technology eliminates the wire usage, thereby abolishing the need for installation and protection of cables. Therefore, the wireless smart lighting systems have significantly low cost. Also, the wireless system is flexible in nature. Thus, sensors equipped with wireless communication can be organized into an autonomous network, which makes updating, adding, moving, and replacing of sensors easy after the initial installation. The developments in wireless technologies are expected to drive the growth of the smart lighting market for the wireless communication protocols.
APAC to hold largest share of smart lighting market by 2023
The smart lighting market in APAC is expected to grow at the highest CAGR during the forecast period. The region provides the enormous growth potential for the market players, and these smart lighting systems are likely to be accepted by consumers as an integral part of a digitalized household. The increased construction activities in APAC are contributing significantly to the growth of the smart lighting market in the region. The expected construction of ~200 million homes in China and 18 million homes in India is likely to provide several new opportunities for energy-efficient lighting and home automation in the next few years in this region. Moreover, the emerging economies of China and India are having a positive impact on the overall market in APAC. Rising government expenditure on public infrastructure, increasing adoption of energy-efficient lighting systems are the major driving factors for the growth of smart lighting in APAC.
