The “Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global smart lighting market reached a value of US$ 10.8 Billion in 2020. Looking forward, the global smart lighting market to exhibit strong growth during the next five years.
Smart-lighting is a technology designed for efficient use of light resources with power saving fixtures and automated controls. This enables the user to adjust ambient lighting depending upon the occupancy or daylight availability. Smart-lighting products have applications in commercial, industrial and residential sectors and usually consists of a wall keypad and touchscreen panel. The lightings are also accessible through a smartphone application, making them easily controllable.
Additionally, smart lighting systems enable users to change the colour and brightness of fixtures from anywhere around the globe. Smart lighting are an essential tool in smart-city development, since globally a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment.
The growth of the global smart-lighting market is primarily driven by the high demand of energy efficient lighting systems that provide better illumination while consuming less power. Additionally, factors such as modernization and development of infrastructure has facilitated the transformation of cities into smart-cities that has supported the growth of the smart lighting market.
Individuals living in urban sectors prefer to invest in modular and intelligent lighting solutions instead of buying high-energy consuming lights. Moreover, the growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market.
Global plans for pooling lighting network with low power consuming sensors and lowering costs of previously expensive LEDs has also led to the market growth. Moreover, as a result of declining prices, smart-lights have also become affordable to the general population.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being:
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Philips Lighting
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Acuity Brands
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Osram
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Cree
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General Electric Company
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Eaton
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Honeywell
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Legrand
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Hubbell Lighting
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Zumtobel Group
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Hafele Group
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Lutron Electronics
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Wipro Consumer Care
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Lighting
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Streetlight.Vision
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Virtual Extension
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Syska LED
Key Questions Answered in This Report:
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How has the global smart lighting market performed so far and how will it perform in the coming years?
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What are the key regional markets in the global smart lighting industry?
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What has been the impact of COVID-19 on the global smart lighting market?
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What is the breakup of the global smart lighting market on the basis of offering?
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What is the breakup of the global smart lighting market on the basis of communication technology?
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What is the breakup of the global smart lighting market on the basis of installation type?
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What is the breakup of the global smart lighting market on the basis of light source?
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What is the breakup of the global smart lighting market on the basis of application?
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What are the various stages in the value chain of the global smart lighting market?
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What are the key driving factors and challenges in the global smart lighting market?
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What is the structure of the global smart lighting market and who are the key players?
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What is the degree of competition in the global smart lighting market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Lighting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Offering
5.5 Market Breakup by Communication Technology
5.6 Market Breakup by Installation Type
5.7 Market Breakup by Light Source
5.8 Market Breakup by Application
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Offering
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 Lights and Luminaires
6.1.2.2 Lighting Controls
6.1.3 Market Forecast
6.2 Software
6.3 Services
6.3.1 Market Trends
6.3.2 Market Breakup by Type
6.3.2.1 Design and Engineering
6.3.2.2 Installation
6.3.2.3 Post-Installation
7 Market Breakup by Communication Technology
7.1 Wired Technology
7.2 Wireless Technology
8 Market Breakup by Installation Type
8.1 New Installation
8.2 Retrofit Installation
9 Market Breakup by Light Source
9.1 LED Lamps
9.2 Fluorescent Lamps
9.3 Compact Fluorescent Lamps
9.4 High Intensity Discharge Lamps
10 Market Breakup by Application
10.1 Commercial
10.2 Residential
10.3 Public Infrastructure
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
13.1 Overview
13.2 Research and Product Development
13.3 Raw Material/Component Providers
13.4 Original Equipment Manufacturers (OEMS)
13.5 Key Technology Providers/System Integrators
13.6 Threat of New Entrants
13.7 End Users
14 Porters Five Forces Analysis
14.1 Overview
15 Global Smart lightning Industry: Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/ysg1ac
View source version on businesswire.com: https://www.businesswire.com/news/home/20210427005864/en/
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