Product Overview
Smart lighting acts as an initial step in automated IoT technology adoption which is designed for convenience, security,, and energy efficiency. Smart lighting comprises a mesh network of wireless bulbs connected to the nearest neighbor controlled by a hub plugged into the router that enables the connected phone or tablet to communicate with the bulbs. This lighting technology creates buildings more responsive, secure, sustainable, and healthy; it also comprises automated controls and high-efficiency fixtures that adjust based on daylight and occupancy.

Market Highlights
Global Smart Lighting Market is expected to project a notable CAGR in 2030.
Global Smart Lighting Market to surpass USD million by 2030 from USD million in 2020 at a CAGR of XX% throughout the forecast period, i.e. 2020-30. Global Smart Lighting Market is expected to observe growth in the future due to advancements and innovations in technology such as intelligent sensing lighting solutions and the internet of things (IoT) which has led to a rise in demand for energy-efficient lighting solutions. Rising consumer awareness for energy conservation has led to a gradual shift in demand from incandescent lamps to light-emitting diodes (LEDs) which has helped the market to advance globally with the rising commercialization of Wi-Fi technology.

Recent Highlights in Global Smart Lighting Market
In December 2019, Cooper Lighting Solutions was acquired by Signify from Eaton which would bolster its position in the North American lighting market.

Global Smart Lighting Market: Segments
Control Systems segment to grow with the highest CAGR during 2019-30
Global Smart Lighting market is segmented by type into Smart Bulbs, Control Systems, and Fixtures. The control systems segment held the largest market share in the year 2018 and is anticipated to dominate the global market throughout the forecast period.

Services segment to grow with the highest CAGR during 2019-30
Global Smart Lighting market is segmented by offering Hardware, Software,, and Services. Services segment held the largest market share in the year 2018 and is anticipated to dominate the global market throughout the forecast period.

Indoor segment to grow with the highest CAGR during 2019-30
Global Smart Lighting market is segmented by application into Indoor and Outdoor. Indoor segment held the largest market share in the year 2018 and is expected to maintain this trend throughout the forecast period due to the higher adoption of connected lighting systems for commercial and residential purposes.

Light Emitting Diode segment to grow with the highest CAGR during 2019-30
Global Smart Lighting market is also segmented by the light source into Fluorescent Lamp and Light Emitting Diode (LED). LED segment held the largest market share in the year 2018 and is anticipated to grow with the highest CAGR throughout the forecast period since it provides smart lighting based application opportunities by using indoor lighting infrastructure and high-speed wireless data communication which is widely used across smart buildings ad is very cost-effective.

Wireless segment to grow with the highest CAGR during 2019-30
Global Smart Lighting market is segmented by technology into Wired and Wireless. Wireless segment held the largest market share in the year 2018 and is expected to maintain this trend throughout the forecast period.

Market Dynamics
Drivers
Development of Smart Cities
Construction of smart cities has further led to a demand for smart lighting due to its adoption of internet of things technology that ensures convenience, security, and energy efficiency. Rising disposable income and constantly changing lifestyle has accelerated the demand for interior lightings in office buildings, hotels, restaurants. Smart cities use smart embedded devices and sensors at various places such as streets, traffic signals which leads to lower energy consumption to a greater extent. Smart lighting creates a reliable sensing network through a multi-sensor node that collects environment-related information such as humidity, carbon-dioxide, UVA light as a result of which municipal bodies reduce the maintenance cost and energy consumption of smart cities.

Energy Efficient
Digitization had transformed the lighting industry and provided an energy-efficient lighting system that saves energy. Smart automation and the adoption of connected technologies have impacted applications of smart lighting, such as, residential, commercial, retail, government by transforming the process by which lighting systems consume energy and interact with their surroundings.

Restraints
High investment costs
Smart Lighting market observed disturbances in a supply chain that created a demand-supply gap resulting in higher prices. Higher investment costs in smart lighting technology is also hampering the growth of outdoor as well as indoor lighting vertical.

Impact of Covid-19 on Smart Lighting Market
Coronavirus had adversely affected majority of industries all around the world. The smart lighting market also witnessed a negative impact due to the disruption in manufacturing activities and supply chains. Due to this pandemic industry were directed to shutdown manufacturing units and operations to break the chain of the spread of the virus. Social distancing norms have encouraged the businesses to operate from home but it has adversely affected the manufacturing sector. However, a government initiative to encourage and promote smart city projects is expected to boost the smart lighting market post corona period.

Global Organic Market: Key Players
Phillips
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Cree Inc.
Osram Licht AG
Nichia Corporation
Eaton Corporation
Seoul Semiconductor Co. Ltd.
GE lighting
Zumbtobel Group
Other Prominent Players
Global Smart Lighting Market: Regions
Global Smart Lighting market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Smart Lighting Market in Europe held the largest market share in the year 2019 and will continue to dominate the global market due to adoption of smart lighting technology promoting energy conservation. Asia-Pacific region is also anticipated to witness a rise in demand due to the availability of raw materials and low labor costs.

Global SMART LIGHTING market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey,, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Smart Lighting market report also contains analysis on:
Smart Lighting Market Segments:
By Product Type
Smart Bulbs
Control Systems
Fixtures
By Offering
Hardware
Software
Services
By Application
Indoor (Residential, Commercial, Industrial)
Outdoor (Highways and Roads Lightings, Lighting for public places)
By Light Source
Fluorescent Lamp
Light Emitting Diode (LED)
By Technology
Wired
Wireless
Smart Lighting Market Dynamics
Smart Lighting Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

The post Global Smart Lighting Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.

Market Segmentation

• Application Type – Residential, Commercial, Industrial, Outdoor, and Automotive
• Component Type – Fixture and Control
• Technology Type – Wired and Wireless

Regional Segmentation

• North America – U.S. and Canada
• Latin America
• Europe – Germany, France, Spain
• U.K.
• Middle East and Africa
• China
• Asia-Pacific and Japan – Japan, South Korea, India

Growth Drivers

• Prevailing Issue of Global Energy Crisis Supporting the Adoption of Smart Lighting
• Increasing Trend of Smart Homes along with Customization Benefits Supports Smart Lighting Market
• Continually Declining Average Selling Price (ASP) of LED Bulbs
• Development of Smart Cities

Market Challenges

• Security and Privacy Concerns
• Design Challenges with LED Usage
• Consumers Having to Bear High Replacement Costs to Switch from Existing Solutions to Smart Lighting
• Lack of Standards and the Associated Interoperability Issues

Market Opportunities

• Advancement in Lighting Control
• Integration of Physical Security Industry with Smart Lighting
• Changing Paradigm of Lighting Industry to Electronics Industry
• Adding Voice Control Feature to the Upcoming Products
• Consumer Awareness for Energy Conservation

Key Companies Profiled

Acuity Brands Inc., ams AG, CommScope Holding Company Inc., Control4 Corporation, General Electric Company, Honeywell International Inc., NXP Semiconductors NV, OSRAM Licht AG, Signify (Philips Lighting), and Zumtobel Group AG

Key Questions Answered in this Report:

• What is the global smart lighting market size in terms of volume and revenue from 2019 to 2025?
• How is the industry expected to evolve during the forecast period 2021-2025?
• What has been the impact of COVID-19 on the smart lighting market?
• Which region will lead the global smart lighting market by 2025?
• Which application will lead the global smart lighting market by 2025?
• What are the driving factors for the global smart lighting market from 2019 to 2025?
• What are the underlying structures resulting in the emerging trends within the smart lighting market?
• Which factors are impeding the growth of the global smart lighting market?
• What is the role of governments regarding environmental issues and safety changing the landscape of the smart lighting market?
• What are the growth opportunities and critical success factors for participants to compete in this market?
• Who are the leading players in the global smart lighting market along with their ranking?
• What are the key developmental strategies implemented by the key players to sustain in the competitive market?

Market Overview

The increasing worldwide demand for energy is responsible for a rise in energy prices, tight energy supplies, and growing anxiety about climate change and related liabilities. The lighting segment consumes most of the electricity in residential, commercial, and industrial sectors. Lighting accounts for 15% of total electricity consumption and 5% of total greenhouse gas emissions worldwide. The future global economy is expected to consume more energy resources, especially with the growing energy demand from developing countries, such as China and India. Additionally, the risk of climate change associated with the use of fossil fuels has made the supply of energy increasingly difficult. Amidst the increasing energy demand and environmental concern, smart lighting systems are gaining popularity and are expected to grow at a noteworthy rate in the coming years. With the installation of the smart lighting system in a building, 50% of energy costs can be saved, enhancing the productivity and comfort of the user.

The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The global smart lighting market report is a compilation of different segments, including market breakdown by component type, application, technology, region, and country.

The global smart lighting market, based on component type, has been categorized into fixture and control. The fixture category is expected to maintain its dominance during the forecast period. Further, the fixtures are subcategorized into key products – compact fluorescent lights (CFL), light-emitting diode (LED), organic light-emitting diode (OLED), high-intensity discharge (HID) lamps, and plasma lamps. The control category is further subcategorized into sensors, microprocessors and controllers, dimmers and switches, wireless transmitters and receivers, and ballasts and LED drivers

The global smart lighting market, by technology, has been categorized into wired and wireless technology. The wired segment dominated the global smart lighting market in 2020 and is expected to maintain its dominance through the forecast period.

Based on application, the global smart lighting market is categorized into residential, commercial, industrial, outdoor, and automotive. Smart lighting has maximum usage in residential applications. The increasing number of smart homes coupled with customization benefits are pushing the growth of the global smart lighting market in residential applications.

Based on the region, the global smart lighting market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, South America, and the Middle East and Africa. Each region is segmented into countries. Data for each of these regions and countries is provided by the application, component type, and technology.

Competitive Landscape

The global smart lighting market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, product launch is the popular choice of the strategy implemented in the smart lighting market. Some of the most prominent ecosystem players are Acuity Brands Inc., ams AG, CommScope Holding Company Inc., Control4 Corporation, General Electric Company, Honeywell International Inc., NXP Semiconductors NV, OSRAM Licht AG, Koninklijke Philips N.V., and Zumtobel Group AG.

The post Smart Lighting Market – A Global Market and Regional Analysis: Focus on Smart Lighting Product and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 Period – Analysis and Forecast, 2019-2025 first appeared on CRI Report.

Smart lights are weather-adaptive and includes the use of Internet of Things (IoT) for lighting homes, streets, factories and commercial spaces intelligently. Lighting automation technology enables consumers to adjust lighting remotely. The Indian smart lighting market is expected to reach a value of INR 373.7 Bn by 2023, expanding at a compound annual growth rate (CAGR) of ~38.44% during the 2018-2023 period. Growth of the smart lighting market is owed to the government’s push in terms of the ‘Smart City Mission’, and ‘Digital India’ programs, as well as rising adoption of smart homes across the country.

The smart lighting market is segmented based on offering, lighting source, communication technology, and application type. Based on offerings, the smart lighting market is categorized into hardware, software, and services. Based on the lighting source, the market is classified into LED bulbs, downlights, batten lights, and others. Based on communication technology, the smart lighting market is categorized into wired technology and wireless technology. Based on the application type, the smart lighting market is classified into indoor use and outdoor use.

Lighting source-wise segment insights:

Among the different smart light sources used in India, the Light Emitting Diode (LED) bulbs segment holds the largest share (~68%), owing to its cost-effectiveness and energy saving features. Attractive discounts and rebates are also driving the market for LED bulbs, which are used for smart lighting across the country. The Street Light National Program of the Indian government is expected to further push the market for smart LED lights.

Communication technology-wise segment insights:
In the Indian market, wired technology dominates the communication technology segment of the smart lighting market with a share of ~62%. This is because wired communication technology is considered to be more reliable, due to the presence of various company-specific proprietary protocols.

Application-wise segment insights:
In India, ~55% of smart lighting is used indoors, while the remaining is used for outdoor applications. Steady adoption of connected lighting systems in residential and commercial zones contributes to the greater share of indoor applications in the Indian smart lighting market.

Key growth drivers of the market:
o The per capita income in India stood at INR 1,12,835 in March 2018, up from INR 1,03,870 in March 2017. Such an increase in the per capita income of Indians, along with rising awareness about contemporary technological advancements, has influenced the mindset of Indians towards using smart technologies. As a result, demand for smart lighting system has increased.
o Motion-detecting lighting systems are replacing the conventional lighting methods in the smart cities and business hubs in India. Therefore, the market players have sufficient opportunities to come up with new smart lighting technologies which are capable of developing energy-saving systems in India.

Key deterrents to the growth of the market:
o The high cost of IoT-enabled systems is hindering the growth of the smart lighting market in India. Owing to its high installation costs, Indian customers are developing antagonistic attitude towards the smart-lighting system, which in turn is negatively affecting the demand of the smart lights market across the country.
o The smart lighting systems installed in India has affected the health of the users in an adverse manner. Questions have arisen concerning the potential health implications of blue-rich and solid-state of the LED lights. It is predicted that prolonged exposure of human beings to short-wavelength high intensity visible lights is phototoxic to the retina. Consumers’ awareness about such adverse health impacts is hindering the growth of the smart lighting business in India.

Companies covered:
o Ajanta India Ltd.
o Bajaj Electricals Ltd.
o Havells India Ltd
o Osram India Pvt Ltd.
o Philips India Ltd.
o Samsung India Electronics Pvt. Ltd.
o Schneider Electric India Pvt. Ltd.
o Syska LED Lights Pvt Ltd.
o Wipro Ltd.

The post Smart Lighting Market in India (2018-2023) first appeared on CRI Report.