Tuesday, 26 October 2021 04:28 GMT

Smart Lighting Market Size by Application: Market Analysis Report, Forecast 2020-2030


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:33 /Comserve / -- The global Smart Lighting market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World.

The global smart lighting market is projected to raise significantly over the estimate period. Smart lighting has been an innovation in lighting industry which makes use of control system that intelligently control light, based on parameters like temperature, movement, occupancy, amount of natural light etc. Lighting consumes a high energy cost thus Industries, government departments are concentrating on dropping the energy utilization by substituting the traditional lighting systems through efficient and advance lighting control systems. Automated lighting control not only offers with economical and flexible lighting but also monitors the tasks carried out by the users. Consequently, the demand for smart lighting system is increasing exponentially. A new concept like wireless networking is evolving and is being approved vigorously. The application for smart lighting can be in the sectors like residential, government buildings, industrial and automobiles. Furthermore, smart lighting systems empower users to variation the colour and brightness of fixtures from anywhere around the world. Smart lighting is an important tool in smart-city development, since universally an important number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental things on the environment. Additionally, the market can be segmented on basis of control components like occupancy sensors, controllable breakers, and shutter actuators, switch actuators, dimming actuators, relays, transmitter and receivers. At present, Europe dominates the smart lighting market mainly in commercial buildings, automobiles applications and outdoor lighting.

Based on Product Type, the global Smart Lighting market is segmented in Fixtures, Control Systems, and Smart Bulbs.

The global  Smart Lighting market  report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Lighting market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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Competitive Rivalry





Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc., Honeywell International Inc., Hubbell Incorporated, Zumtobel Group AG, Signify N.V., Legrand S.A., Acuity Brands, Inc., Eaton Corporation PLC, General Electric Company, and others are among the major players in the global Smart Lighting market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.



The Smart Lighting Market has been segmented as below:



Smart Lighting Market, By Application

Outdoor
Indoor


Smart Lighting Market, By Communication Technology

Wireless
Wired


Smart Lighting Market, By Light Source

Fluorescent Lamp
Light Emitting Diode


Smart Lighting Market, By Product Type

Fixtures
Control Systems
Smart Bulbs


Smart Lighting Market, By Region

North America
Europe
Asia-Pacific
Rest of the World


Smart Lighting Market, By Company

Leviton Manufacturing Company, Inc.
Lutron Electronics Co., Inc.
Honeywell International Inc.
Hubbell Incorporated
Zumtobel Group AG
Signify N.V.
Legrand S.A.
Acuity Brands, Inc.
Eaton Corporation PLC
General Electric Company
OSRAM Licht AG


The report covers:

Global Smart Lighting market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Smart Lighting market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Lighting market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players


Report Scope:



The global Smart Lighting market report scope includes detailed study covering underlying factors influencing the industry trends.



The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.



The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Lighting market share. Major industry players with significant revenue share include Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc., Honeywell International Inc., Hubbell Incorporated, Zumtobel Group AG, Signify N.V. , Legrand S.A., Acuity Brands, Inc., Eaton Corporation PLC, General Electric Company, and others.



Reasons to Buy this Report:

Gain detailed insights on the Smart Lighting industry trends
Find complete analysis on the market status
Identify the Smart Lighting market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making


Some of the recent Developments in Smart Lighting market are as follows:



Honeywell International Inc.

06-2018: Honeywell is a global leader in connected buildings, will promotion a suite of next-generation energy management software, smart lighting, voice controls, and secure cloud communication systems.


11-2019: Honeywell has declared the introduction of a new smart lighting solution for the hospitality sector.


Hubbell Incorporated

05-2020: Columbia Lighting has announced two wrap luminaires to the marketplace, the CRW Round Wrap and the CNW Narrow Wrap. Both are involved in Hubbell Lighting's tradeSELECT collection of products, which are value focused solutions with stock availability and made with reliable, fully skilled components.


06-2020: Hubbell Outdoor Lighting has added five new products to the tradeSELECT category, which are value engrossed solutions with immediate stock availability that are made with reliable, fully qualified components.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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