Smart Lighting Fixture Market: Trends, Opportunities and Competitive Analysis [2023-2028]
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Smart Lighting Fixture Market Trends and Forecast
The future of the global smart lighting fixture market looks promising with opportunities in commercial and residential applications. The global smart lighting fixture market is expected to reach an estimated $3.3 billion by 2028 with a CAGR of 5.4% from 2023 to 2028. The major drivers for this market are growing demand for low energy consuming bulbs and increasing adoption of fixtures in smart homes for its comfort dim capabilities and compatibility with smart devices.
Smart Lighting Fixture Market
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Smart Lighting Fixture Market by Segments
Smart Lighting Fixture Market by Segment
The study includes trends and forecast for the global smart lighting fixture market by lighting type, application, distribution channel, and region, as follows:
Smart Lighting Fixture Market by Lighting Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Light Emitting Diode (LED)
Fluorescent Light
Compact Fluorescent Lamps (CFL)
High Intensity Discharge (HID) Lamps
Plasma Lamps
Smart Lighting Fixture Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Commercial
Residential
Smart Lighting Fixture Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
Offline
Online
Smart Lighting Fixture Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
List of Smart Lighting Fixture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, smart lighting fixture companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart lighting fixture companies profiled in this report include-
Acuity Brands
Lutron Electronics
Zumtobel Group
Leviton Manufacturing
OSRAM GmbH
Smart Lighting Fixture Market Insights
Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because specific advices from experts help in choosing the best products at offline places.
Commercial is expected to remain the larger application segment due to an increase in the number of malls, offices, hospitals, and retail outlets and growing government support for the adoption of energy-efficient products in commercial areas.
APAC will remain the largest region due to the growing trend of smart cities, increasing inclination towards technologically advanced systems, and high demand for smart lights that save energy in the region.
Features of the Smart Lighting Fixture Market
Market Size Estimates: Smart lighting fixture market size estimation in terms of value ($B)
Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
Segmentation Analysis: Smart lighting fixture market size by various segments, such as by lighting type, application, distribution channel, and region
Regional Analysis: Smart lighting fixture market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis on growth opportunities in different lighting types, applications, distribution channels, and regions for the smart lighting fixture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart lighting fixture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart lighting fixture market size?
Answer: The global smart lighting fixture market is expected to reach an estimated $3.3 billion by 2028.
Q2. What is the growth forecast for smart lighting fixture market?
Answer: The global smart lighting fixture market is expected to grow with a CAGR of 5.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the smart lighting fixture market?
Answer: The major drivers for this market are growing demand for low energy consuming bulbs and increasing adoption of fixtures in smart homes for their comfort dim capabilities and compatibility with smart devices.
Q4. What are the major segments for smart lighting fixture market?
Answer: The future of the smart lighting fixture market looks promising with opportunities in commercial and residential applications.
Q5. Who are the key smart lighting fixture companies?
Answer: Some of the key smart lighting fixture companies are as follows:
Acuity Brands
Lutron Electronics
Zumtobel Group
Leviton Manufacturing
OSRAM GmbH
Q6. Which smart lighting fixture segment will be the largest in future?
Answer:Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because specific advices from experts help in choosing the best products at offline places.
Q7. In smart lighting fixture market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing trend of smart cities, increasing inclination towards technologically advanced systems, and high demand for smart lights that save energy in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the global smart lighting fixture market by lighting type (light emitting diode, fluorescent light, compact fluorescent lamps, high intensity discharge lamps, and plasma lamps), application (commercial and residential), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
For any questions related to smart lighting fixture market or related to smart lighting fixture companies, smart lighting fixture market size, smart lighting fixture market share, smart lighting fixture analysis, smart lighting fixture market growth, smart lighting fixture market research, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
Smart Lighting Fixture Market Trends and Forecast
The future of the global smart lighting fixture market looks promising with opportunities in commercial and residential applications. The global smart lighting fixture market is expected to reach an estimated $3.3 billion by 2028 with a CAGR of 5.4% from 2023 to 2028. The major drivers for this market are growing demand for low energy consuming bulbs and increasing adoption of fixtures in smart homes for its comfort dim capabilities and compatibility with smart devices.
Smart Lighting Fixture Market
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Smart Lighting Fixture Market by Segments
Smart Lighting Fixture Market by Segment
The study includes trends and forecast for the global smart lighting fixture market by lighting type, application, distribution channel, and region, as follows:
Smart Lighting Fixture Market by Lighting Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Light Emitting Diode (LED)
Fluorescent Light
Compact Fluorescent Lamps (CFL)
High Intensity Discharge (HID) Lamps
Plasma Lamps
Smart Lighting Fixture Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Commercial
Residential
Smart Lighting Fixture Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
Offline
Online
Smart Lighting Fixture Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
List of Smart Lighting Fixture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, smart lighting fixture companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart lighting fixture companies profiled in this report include-
Acuity Brands
Lutron Electronics
Zumtobel Group
Leviton Manufacturing
OSRAM GmbH
Smart Lighting Fixture Market Insights
Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because specific advices from experts help in choosing the best products at offline places.
Commercial is expected to remain the larger application segment due to an increase in the number of malls, offices, hospitals, and retail outlets and growing government support for the adoption of energy-efficient products in commercial areas.
APAC will remain the largest region due to the growing trend of smart cities, increasing inclination towards technologically advanced systems, and high demand for smart lights that save energy in the region.
Features of the Smart Lighting Fixture Market
Market Size Estimates: Smart lighting fixture market size estimation in terms of value ($B)
Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
Segmentation Analysis: Smart lighting fixture market size by various segments, such as by lighting type, application, distribution channel, and region
Regional Analysis: Smart lighting fixture market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis on growth opportunities in different lighting types, applications, distribution channels, and regions for the smart lighting fixture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart lighting fixture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart lighting fixture market size?
Answer: The global smart lighting fixture market is expected to reach an estimated $3.3 billion by 2028.
Q2. What is the growth forecast for smart lighting fixture market?
Answer: The global smart lighting fixture market is expected to grow with a CAGR of 5.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the smart lighting fixture market?
Answer: The major drivers for this market are growing demand for low energy consuming bulbs and increasing adoption of fixtures in smart homes for their comfort dim capabilities and compatibility with smart devices.
Q4. What are the major segments for smart lighting fixture market?
Answer: The future of the smart lighting fixture market looks promising with opportunities in commercial and residential applications.
Q5. Who are the key smart lighting fixture companies?
Answer: Some of the key smart lighting fixture companies are as follows:
Acuity Brands
Lutron Electronics
Zumtobel Group
Leviton Manufacturing
OSRAM GmbH
Q6. Which smart lighting fixture segment will be the largest in future?
Answer:Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because specific advices from experts help in choosing the best products at offline places.
Q7. In smart lighting fixture market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing trend of smart cities, increasing inclination towards technologically advanced systems, and high demand for smart lights that save energy in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the global smart lighting fixture market by lighting type (light emitting diode, fluorescent light, compact fluorescent lamps, high intensity discharge lamps, and plasma lamps), application (commercial and residential), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
For any questions related to smart lighting fixture market or related to smart lighting fixture companies, smart lighting fixture market size, smart lighting fixture market share, smart lighting fixture analysis, smart lighting fixture market growth, smart lighting fixture market research, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
1. EXECUTIVE SUMMARY
2. GLOBAL SMART LIGHTING FIXTURE MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Smart Lighting Fixture Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Smart Lighting Fixture Market by Lighting Type
3.3.1: Light Emitting Diode
3.3.2: Fluorescent Light
3.3.3: Compact Fluorescent Lamps
3.3.4: High Intensity Discharge Lamps
3.3.5: Plasma Lamps
3.4: Global Smart Lighting Fixture Market by Application
3.4.1: Commercial
3.4.2: Residential
3.5: Global Smart Lighting Fixture Market by Distribution Channel
3.5.1: Offline
3.5.2: Online
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Global Smart Lighting Fixture Market by Region
4.2: North American Smart Lighting Fixture Market
4.2.1: North American Smart Lighting Fixture Market by Application: Commercial and Residential
4.2.2: North American Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.3: European Smart Lighting Fixture Market
4.3.1: European Smart Lighting Fixture Market by Application: Commercial and Residential
4.3.2: European Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.4: APAC Smart Lighting Fixture Market
4.4.1: APAC Smart Lighting Fixture Market by Application: Commercial and Residential
4.4.2: APAC Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.5: ROW Smart Lighting Fixture Market
4.5.1: ROW Smart Lighting Fixture Market by Application: Commercial and Residential
4.5.2: ROW Smart Lighting Fixture Market by Distribution Channel: Offline and Online
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Lighting Fixture Market by Lighting Type
6.1.2: Growth Opportunities for the Global Smart Lighting Fixture Market by Application
6.1.3: Growth Opportunities for the Global Smart Lighting Fixture Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Smart Lighting Fixture Market by Region
6.2: Emerging Trends in the Global Smart Lighting Fixture Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Lighting Fixture Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Lighting Fixture Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Acuity Brands
7.2: Lutron Electronics
7.3: Zumtobel Group
7.4: Leviton Manufacturing
7:5: OSRAM GMBH
2. GLOBAL SMART LIGHTING FIXTURE MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Smart Lighting Fixture Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Smart Lighting Fixture Market by Lighting Type
3.3.1: Light Emitting Diode
3.3.2: Fluorescent Light
3.3.3: Compact Fluorescent Lamps
3.3.4: High Intensity Discharge Lamps
3.3.5: Plasma Lamps
3.4: Global Smart Lighting Fixture Market by Application
3.4.1: Commercial
3.4.2: Residential
3.5: Global Smart Lighting Fixture Market by Distribution Channel
3.5.1: Offline
3.5.2: Online
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Global Smart Lighting Fixture Market by Region
4.2: North American Smart Lighting Fixture Market
4.2.1: North American Smart Lighting Fixture Market by Application: Commercial and Residential
4.2.2: North American Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.3: European Smart Lighting Fixture Market
4.3.1: European Smart Lighting Fixture Market by Application: Commercial and Residential
4.3.2: European Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.4: APAC Smart Lighting Fixture Market
4.4.1: APAC Smart Lighting Fixture Market by Application: Commercial and Residential
4.4.2: APAC Smart Lighting Fixture Market by Distribution Channel: Offline and Online
4.5: ROW Smart Lighting Fixture Market
4.5.1: ROW Smart Lighting Fixture Market by Application: Commercial and Residential
4.5.2: ROW Smart Lighting Fixture Market by Distribution Channel: Offline and Online
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Lighting Fixture Market by Lighting Type
6.1.2: Growth Opportunities for the Global Smart Lighting Fixture Market by Application
6.1.3: Growth Opportunities for the Global Smart Lighting Fixture Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Smart Lighting Fixture Market by Region
6.2: Emerging Trends in the Global Smart Lighting Fixture Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Lighting Fixture Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Lighting Fixture Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Acuity Brands
7.2: Lutron Electronics
7.3: Zumtobel Group
7.4: Leviton Manufacturing
7:5: OSRAM GMBH
