Global Smart Lighting Market is Estimated to Grow from USD 13.4 Billion in 2020 & Projected to Reach USD 30.6 Billion by 2025, at a CAGR of 18.0% - ResearchAndMarkets.com

DUBLIN--()--The "Smart Lighting Market by Offering (Hardware: Lights & Luminaires, Lighting Controls; Software, and Services), Communication Technology (Wired and Wireless), Installation Type, End-use Application, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Government initiatives and policies for energy savings to drive the growth of smart lighting market

The major factors driving the growth of the smart lighting market include the advent of integrated lighting control systems, upcoming smart city projects in developing economies, increasing adoption and decreasing cost of LEDs, integration of lighting solutions with smart devices, and growing awareness about energy savings among consumers and governments worldwide. Factors such as the high installation cost of smart lighting systems and security and reliability issues with IoT-based lighting systems are restraining the growth of the smart lighting market.

Wired technology is expected to hold a larger share of the smart lighting market by 2025

Currently, the smart lightings based on wired technology are widely adopted for different types of structures as this technology offers reliable connectivity, with no limitation on long-distance data transfer. Wired communication technologies for smart lightings include Digital Addressable Lighting Interface (DALI), Power-line Communication (PLC), Power over Ethernet (PoE), and various wired hybrid protocols, which include company-specific proprietary protocols. Wired protocols offer reliable performance and greater control; thus, the technology held the largest share of the market.

Highways & roadways to hold the largest size of smart lighting market for outdoor application during the forecast period

The highways & roadways lighting application segment holds the largest market share of the outdoor smart lighting application due to government support and subsidies encouraging the installation and use of smart lighting control solutions. As of now, the latest trend in the street lighting segment is the replacement of existing street lighting sources with LED street lights to reduce energy consumption significantly.

Smart lighting market in APAC expected to grow at highest CAGR during the forecast period

The smart lighting market in APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rapid infrastructure building activities being undertaken in APAC, mainly in China and India, where smart lighting paves the way for the modernization of infrastructure. The modernization and development of infrastructure such as smart cities across the region, coupled with government policies to support energy-efficient lighting, would also drive the demand for smart street lights, thereby driving the market for smart lighting in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with the key experts.

Reasons to Buy the Report:

  • Illustrative segmentation, analysis, and forecast pertaining to the smart lighting market based on installation type, offering, end-use application, communication technology, and geography have been conducted to provide an overall view of the smart lighting market.
  • Major drivers, restraints, opportunities, and challenges for the smart lighting market have been detailed in this report.
  • The report includes a detailed competitive landscape of key players in the market and their market ranking.

Key Topics Covered:

1 Introduction

1.1 Study Objectives

1.2 Market Definition

1.3 Study Scope

1.4 Currency

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Market Breakdown and Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities for Growth of Smart Lighting Market

4.2 Market, By Offering

4.3 Market, By Communication Technology

4.4 Market, By End-Use Application

4.5 Market, By Installation Type

4.6 Market, By Geography

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

6 Industry Trends

6.1 Introduction

6.2 Value Chain Analysis

6.3 Key Industry Trends

6.4 Connected Market

7 Smart Lighting Market, By Installation Type

7.1 Introduction

7.2 New Installations

7.3 Retrofit Installations

8 Smart Lighting Market, By Offering

8.1 Introduction

8.2 Hardware

8.3 Software

8.4 Services

9 Smart Lighting Market, By End-Use Application

9.1 Introduction

9.2 Indoor

9.3 Outdoor

10 Smart Lighting Market, By Communication Technology

10.1 Introduction

10.2 Wired Technology

10.3 Wireless

11 Geographic Analysis

11.1 Introduction

11.2 North America

11.3 Europe

11.4 APAC

11.5 Rest of the World

12 Competitive Landscape

12.1 Overview

12.2 Market Ranking Analysis, 2019

12.3 Competitive Situations and Trends

12.4 Competitive Leadership Mapping

13 Company Profiles

13.1 Introduction

13.2 Key Players

13.2.1 Signify N.V.

13.2.2 Legrand S.A.

13.2.3 Acuity Brands, Inc.

13.2.4 Eaton Corporation PLC

13.2.5 General Electric Company

13.2.6 OSRAM Licht AG

13.2.7 Leviton Manufacturing Company, Inc.

13.2.8 Lutron Electronics Co., Inc.

13.2.9 Honeywell International Inc.

13.2.10 Hubbell Incorporated

13.2.11 Zumtobel Group AG

13.3 Right to Win

13.4 Other Important Players

13.4.1 Dialight PLC

13.4.2 Schneider Electric SE

13.4.3 ABB

13.4.4 Ideal Industries, Inc.

13.5 Key Innovators

13.5.1 LightwaveRF PLC

13.5.2 Rab Lighting Inc.

13.5.3 Synapse Wireless, Inc.

13.5.4 Panasonic Group

13.5.5 Adesto Technologies

13.5.6 LG Electronics Inc.

13.6 Emerging Players

13.6.1 Wipro Enterprises (P) Limited

13.6.2 Syska LED

13.6.3 Enlighted Inc.

13.6.4 Helvar

For more information about this report visit https://www.researchandmarkets.com/r/jq82fy

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900