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Smart Lighting Market: Global Opportunity and Trend Analysis, 2019-2030

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    February 2020

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Overview

The global smart lighting market was $xx billion in 2019 and is expected to reach $ 80.9 billion by 2030, growing at an estimated CAGR of 13.6% during the forecast period. Smart lighting is the lighting solution, which is controlled by the apps that are run on mobile phones or on laptops or on personal computers. With the help of these apps, the lighting lamp can automatically switch on or switch off according to the preset time or automatically, according to the time of the day.

Smart Lighting Market - Global Analysis

In addition, increasing demand for energy efficient energy lighting solutions, a growing number of smart city projects across the globe and decreasing cost of the energy-efficient LED lights are propelling the demand for the smart lighting market. However, high manufacturing and installation cost and security and privacy concerns are some of the factors that are hindering the growth of the market.

The smart lighting market by type is categorized into hardware and software. In 2019, the hardware segment held about three-fifth of the market share in the smart lighting market by type and is expected continue its dominance during the forecast period. The wide scale adoptability of the smart lighting lamps by the residential, commercial and industrial users is driving the smart lighting hardware market. 

The growing need of managing the back-end part of each smart lighting system for 24/7/365 days is supporting the growth of the on-cloud software market. The On-cloud software is expected to grow at an estimated CAGR of 23.1% during the forecast period.

Wi-Fi based smart lighting products are popular for indoor lighting applications such as for home, office, hospitals, and hotel lighting among others. Ubiquity, easy to connect and user familiarity to use Wi-Fi are some of the key factors that are supporting the growth of the Wi-Fi based smart lighting solutions.

Smart Lighting Market - World Map

The global smart lighting market has been segmented into four regions, namely, North America, Europe, Asia-Pacific and the Rest of the world. Currently, North America is leading the smart lighting market and is expected to do so in the coming years. The growing demand for reducing the electricity bill by adopting the energy efficient lighting systems is supporting the growth of the smart lighting market in the region. Asia Pacific is expected to be the fastest growing region during the forecast period.

In 2019, partnerships and product launches were the key business strategies of the players. For instance, in September 2019, Signify launched a new range of Philips Hue Smart Lighting products. These products can be controlled by smartphones. Some of the leading players of the smart lighting market are Philips Lighting N.V, Cooper Industries Inc. (Eaton), Digital Lumens Inc. (Osman Licht AG), Honeywell International Inc., OSRAM Licht Group, Acuity Brand, Cree Inc., Lutron Electronics Co. Inc., General Electric Company and Zumtobel Group.

Scope of the Report

The ‘Smart Lighting Market, Global Opportunity and Trend Analysis, 2019-2030’ report features an extensive study of the current landscape of industry players that are offering smart lighting services. Amongst other elements, the report features:

  • A detailed, quantitative analysis of the current and future market opportunity over the period 2019-2030.
  • A qualitative analysis of key market trends, growth drivers and constraints, and upcoming opportunity areas, within the smart lighting market 
  • Informed insights into the competitive market landscape of the market.

Contents

Table of Contents

CHAPTER 1: PREFACE
1.1. Scope of the Report
1.2. Research Methodology
1.3. Report Assumptions

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Market Overview
3.2. Market Dynamics
3.2.1 Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Value Chain Analysis

CHAPTER 4: SMART LIGHTING MARKET, BY HARDWARE
4.1. Market Overview
4.1.1. Market Size and Analysis

4.2. Lamps Type
4.2.1. Key market trends and growth opportunities
4.2.2. Market size & forecast, 2019-2030 ($ Billion)
4.2.3.LED lamps
4.2.3.1. Market size & forecast, 2019-2030 ($ Billion)

4.2.4. Fluorescent lamps
4.2.4.1. Market size & forecast, 2019-2030 ($ Billion)

4.2.5. CFL lamps
4.2.5.1. Market size & forecast, 2019-2030 ($ Billion)

4.2.6. HID lamps
4.2.6.1. Market size & forecast, 2019-2030 ($ Billion)

4.3. Components Type
4.3.1. Key market trends and growth opportunities
4.3.2. Market size & forecast, 2019-2030 ($ Billion)

4.3.3. Sensors 
4.3.3.1. Market size & forecast, 2019-2030 ($ Billion)

4.3.4. Controllable Breaker
4.3.4.1. Market size & forecast, 2019-2030 ($ Billion)

4.3.5. Relays
4.3.5.1. Market size & forecast, 2019-2030 ($ Billion)

CHAPTER 5: SMART LIGHTING MARKET, BY SOFTWARE
5.1. Market Overview
5.1.1. Market Size and Analysis  

5.2. On Premise
5.2.1. Key market trends and growth opportunities
5.2.2. Market size & forecast, 2019-2030 ($ Billion)

5.3. On Cloud
5.3.1. Key market trends and growth opportunities
5.3.2. Market size & forecast, 2019-2030 ($ Billion)

CHAPTER 6: SMART LIGHTING MARKET, BY TECHNOLOGY
6.1. Market Overview
6.1.1. Market Size and Analysis  

6.2. WIFI
6.2.1. Key market trends and growth opportunities
6.2.2. Market size & forecast, 2019-2030 ($ Billion)

6.3. Bluetooth
6.3.1. Key market trends and growth opportunities
6.3.2. Market size & forecast, 2019-2030 ($ Billion)

6.4. Zigbee
6.4.1. Key market trends and growth opportunities
6.4.2. Market size & forecast, 2019-2030 ($ Billion)

6.5. ENOCEAN
6.5.1. Key market trends and growth opportunities
6.5.2. Market size & forecast, 2019-2030 ($ Billion)

6.6. Others (PLC AND POE)
6.5.1. Key market trends and growth opportunities
6.5.2. Market size & forecast, 2019-2030 ($ Billion)

CHAPTER 7: SMART LIGHTING MARKET, BY APPLICATION
7.1. Market Overview
7.1.1. Market Size and Analysis  

7.2 Residential 
7.2.1. Key market trends and growth opportunities
7.2.2. Market size & forecast, 2019-2030 ($ Billion)

7.3 Industrial
7.3.1. Key market trends and growth opportunities
7.3.2. Market size & forecast, 2019-2030 ($ Billion)

7.4. Commercial
7.4.1. Key market trends and growth opportunities
7.4.2. Market size & forecast, 2019-2030 ($ Billion)

CHAPTER 8: SMART LIGHTING MARKET, BY GEOGRAPHY
8.1. Introduction
8.1.1. Key market trends and growth opportunities
8.1.2. Market size & forecast, 2019-2030 ($ Billion)

8.2 North America 
8.2.1. Key market trends and growth opportunities 
8.2.2. Market size & forecast, 2019-2030 ($ Billion)
8.2.2.1. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.2.2.2 Market size &forecast, by software,2019-2030 ($ Billion)
8.2.2.3. Market size & forecast, by technology,2019-2030 ($ Billion)
8.2.2.4. Market size & forecast, by applications,2019-2030 ($ Billion)
8.2.2.5. Market size & forecast, by countries,2019-2030 ($ Billion)

8.2.3. US
8.2.3.1. Market Overview and Future Outlook 
8.2.3.2. Market size & forecast, 2019-2030 ($ Billion)
8.2.3.2.1. Market size & forecast, by hardware,2019-2030 ($ Billion) 
8.2.3.2.2. Market size &forecast, by software,2019-2030 ($ Billion)
8.2.3.2.3. Market size & forecast, by technology,2019-2030 ($ Billion)
8.2.3.2.4. Market size & forecast, by applications,2019-2030 ($ Billion)
8.2.3.2.5. Market size & forecast, by countries,2019-2030 ($ Billion)

8.2.4. Canada
8.2.4.1. Market Overview and Future Outlook 
8.2.4.2. Market size & forecast, 2019-2030 ($ Billion)
8.2.4.2.1. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.2.4.2.2. Market size &forecast, by software,2019-2030 ($ Billion)
8.2.4.2.3. Market size & forecast, by technology,2019-2030 ($ Billion)
8.2.4.2.4. Market size & forecast, by applications,2019-2030 ($ Billion)
8.2.4.2.5. Market size & forecast, by countries,2019-2030 ($ Billion)

8.3 Europe 
8.3.1. Key market trends and growth opportunities
8.3.2. Market size & forecast, 2019-2030 ($ Billion)
8.3.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.3.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.3.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.3.6. Market size & forecast, by applications,2019-2030 ($ Billion)
8.3.7. Market size & forecast, by countries,2019-2030 ($ Billion)

8.3.7.1. UK
8.3.7.1.1. Market Overview and Future Outlook 
8.3.7.1.2. Market size & forecast, 2019-2030 ($ Billion)
8.3.7.1.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.3.7.1.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.3.7.1.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.3.7.1.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.3.7.2. Germany
8.3.7.2.1. Market Overview and Future Outlook 
8.3.7.2.2. Market size & forecast, 2019-2030 ($ Billion)
8.3.7.2.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.3.7.2.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.3.7.2.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.3.7.2.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.3.7.3. Poland
8.3.7.3.1. Market Overview and Future Outlook 
8.3.7.3.2. Market size & forecast, 2019-2030 ($ Billion)
8.3.7.3.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.3.7.3.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.3.7.3.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.3.7.3.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.3.7.4. Rest of Europe
8.3.7.4.1. Market Overview and Future Outlook 
8.3.7.4.2. Market size & forecast, 2019-2030 ($ Billion)
8.3.7.4.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.3.7.4.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.3.7.4.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.3.7.4.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.4 Asia Pacific
8.4.1. Key market trends and growth opportunities
8.4.2. Market size & forecast, 2019-2030 ($ Billion)
8.4.2.1. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.4.2.2. Market size &forecast, by software,2019-2030 ($ Billion)
8.4.2.3. Market size & forecast, by technology,2019-2030 ($ Billion)
8.4.2.4. Market size & forecast, by applications,2019-2030 ($ Billion)
8.4.2.5. Market size & forecast, by countries,2019-2030 ($ Billion)

8.4.3. China
8.4.3.1. Market Overview and Future Outlook 
8.4.3.2. Market size & forecast, 2019-2030 ($ Billion)
8.4.3.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.4.3.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.4.3.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.4.3.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.4.4. India
8.4.4.1. Market Overview and Future Outlook 
8.4.4.2. Market size & forecast, 2019-2030 ($ Billion)
8.4.4.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.4.4.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.4.4.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.4.3.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.4.5.  Australia
8.4.5.1. Market Overview and Future Outlook
8.4.5.2. Market size & forecast, 2019-2030 ($ Billion)
8.4.5.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.4.5.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.4.5.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.4.5.6. Market size & forecast, by applications,2019-2030 ($ Billion)

8.4.6.  Rest of APAC
8.4.6.1. Market Overview and Future Outlook
8.4.6.2. Market size & forecast, 2019-2030 ($ Billion)
8.4.6.3. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.4.6.4. Market size &forecast, by software,2019-2030 ($ Billion)
8.4.6.5. Market size & forecast, by technology,2019-2030 ($ Billion)
8.4.6.6. Market size & forecast, by applications,2019-2030 ($ Billion)                                         
8.5. Rest of World (ROW)
8.5.1. Key market trends and growth opportunities
8.5.2. Market size & forecast, 2019-2030 ($ Billion)
8.5.2.1. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.5.2.2. Market size &forecast, by software,2019-2030 ($ Billion)
8.5.2.3. Market size & forecast, by technology,2019-2030 ($ Billion)
8.5.2.4. Market size & forecast, by applications,2019-2030 ($ Billion)
8.5.2.5. Market size & forecast, by countries,2019-2030 ($ Billion)

8.5.3. Latin America
8.5.3.1. Market size & forecast, 2019-2030 ($ Billion)
8.5.3.2. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.5.3.3. Market size &forecast, by software,2019-2030 ($ Billion)
8.5.3.4. Market size & forecast, by technology,2019-2030 ($ Billion)
8.5.3.5. Market size & forecast, by applications,2019-2030 ($ Billion)

8.5.4. Middle East
8.5.4.1. Market size & forecast, 2019-2030 ($ Billion)
8.5.4.2. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.5.3.3. Market size &forecast, by software,2019-2030 ($ Billion)
8.5.3.4. Market size & forecast, by technology,2019-2030 ($ Billion)
8.5.3.5. Market size & forecast, by applications,2019-2030 ($ Billion)

8.5.5.  Africa
8.5.5.1. Market size & forecast, 2019-2030 ($ Billion)
8.5.5.2. Market size & forecast, by hardware,2019-2030 ($ Billion)
8.5.3.3. Market size &forecast, by software,2019-2030 ($ Billion)
8.5.3.4. Market size & forecast, by technology,2019-2030 ($ Billion)
8.5.3.5. Market size & forecast, by applications,2019-2030 ($ Billion)

CHAPTER 9: COMPANY PROFILES
9.1. Philips Lighting N.V
9.1.1. Company Overview
9.1.2. Financial Overview
9.1.3. Key developments and strategies

9.2. Cooper Industries Inc. (Eaton)
9.2.1. Company Overview
9.2.2. Financial Overview
9.2.3. Key developments and strategies

9.3. Digital Lumens Inc. (Osman Licht AG)
9.3.1. Company Overview
9.3.2. Financial Overview
9.3.3. Key developments and strategies

9.4. Honeywell International Inc.
9.4.1. Company Overview
9.4.2. Financial Overview
9.4.3. Key developments and strategies

9.5. OSRAM Licht Group
9.5.1. Company Overview
9.5.2. Financial Overview
9.5.3. Key developments and strategies

9.6. Cree Inc.
9.6.1. Company Overview
9.6.2. Financial Overview
9.6.3. Key developments and strategies

9.7. Lutron Electronics Co. Inc.
9.7.1. Company Overview
9.7.2. Financial Overview
9.7.3. Key developments and strategies

9.8. General Electric Company
9.8.1. Company Overview
9.8.2. Financial Overview
9.8.3. Key developments and strategies

9.9. Acuity Brands
9.9.1. Company Overview
9.9.2. Financial Overview
9.9.3. Key developments and strategies

9.10. Zumtobel Group
9.10.1. Company Overview
9.10.2. Financial Overview
9.10.3. Key developments and strategies

CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Market Share Analysis
10.2. Top investment pockets

CHAPTER 11: CXO’s Perspective

Segmentation

By Hardware 

  • Lamps Type
    • LED lamps
    • Fluorescent lamps
    • CFL 
    • HID lamps
  • Components Type
    • Sensors
    • Controllable Breaker
    • Relays

By Software  

  • On-Premise
  • On Cloud

By Technology 

  • WIFI
  • Bluetooth
  • Zigbee
  • EnOcean
  • Others
    • Power Line Communication (PLC) 
    • Power Over Ethernet (POE)

By Application

  • Residential
  • Commercial
  • Industrial

By Geography
North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • Poland
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Australia
  • Rest of APAC

Rest of World (ROW)

  • Latin America
  • Middle East
  • Africa

Company Profiles

  • Signify (Philips Lighting)
  • Eaton
  • Honeywell
  • Osram
  • Cree
  • GE Lighting
  • Acuity Brand
  • Zumbotel
  • Hubbel
  • Lutron Electronics Co

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