Smart Indoor Lighting Market Research Report Forecast Till 2030

Description

Smart Indoor Lighting Market Research Report Forecast Till 2030

Market Overview

The global Smart Indoor Lighting market is expected to register a substantial CAGR of 21.7% during the review period. Smart lighting is the underpinning of connected structures for smart structures. Each light is connected to the structure’s IP organization, which fills in as the establishment for extra smart associations like security, central air, and even examination and information. Organizations and legislatures all through the world are under expanding strain to save costs while being more energy-proficient and giving individuals protected and sufficiently bright work environments and live

Smart indoor lighting has become well known among educated proprietors of new retail locations, organizations, and private houses as the shoppers can deal with the lights in their homes or working region with a solitary snap on remote gadgets or a straightforward voice acknowledgment framework. With the progression of technology, the lighting business is growing at a quick speed, offering a different determination of smart indoor lights for any spot to enlighten the environmental elements sans hands.

Market Segmentation

The Smart Indoor Lighting Market has been portioned in view of Parts, Communication Technology, Light Sources, Applications, and region.

Considering components, the market is divided into Equipment, Programming, and Administration. Communication technology, the market is sectioned into Wired Communication Technology and Remote Communication Technology.

In view of the light source, the market has been sectioned into Fluorescent Lights, Light Producing Diodes (Drove), and High-Thickness Release Lights. By application, the Smart Indoor Lighting market has been sectioned into Private, Business, and Modern.

Regional Analysis

Europe represented the biggest market share, with a market worth of USD 3,176.5 Million in 2021; enlisting a CAGR of 20.4% during the estimated period is normal. North America is projected to enroll CAGR of 22.4%. The European smart indoor lighting industry is consistently rising, upheld by low loan fees and stable financial development. Financial soundness has, thusly, brought about a lessening in joblessness, in this manner helping customers and business certainty that what’s to come is better. The European market is likewise prone to observe a change in its development motor from indoor lighting to the lighting area. Subsequently, there are medium to huge scope business potential open doors in the region.

The North America Smart Indoor Lighting market, in view of the nation, has been portioned into US, Canada, and Mexico. North America is supposed to be the quickest developing region for the worldwide Smart Indoor Lighting market because of a developing spotlight on digitalization, expanding speculations, fast improvement of the framework for smart home purposes, and expanding reception of smart lighting stages in the region.

Major Players

The key players of the global Smart Indoor Lighting market are Signify N.V., Acuity Brands Lighting Inc., General Electric Company, Osram Licht AG, Legrand SA, Hubbell Incorporated, Ideal Industries (CREE), Syska LED, Lifx, Sengled, Lutron Electronics Co., Inc, TCP Lighting, Levitron Manufacturing Co. Inc., Wipro Lighting, and Zumtobel Lighting.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 20

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 RESEARCH OBJECTIVE 23

2.4 LIST OF ASSUMPTIONS 24

2.5 MARKET STRUCTURE 25

2.6 MARKET ATTRACTIVENESS ANALYSIS 25

3 RESEARCH METHODOLOGY 26

4 MARKET DYNAMICS 33

4.1 INTRODUCTION 33

4.2 DRIVERS 34

4.2.1 GROWING BENEFITS OF SMART LIGHTING OVER CONVENTIONAL LIGHTING 34

4.2.2 GROWING NEED FOR ENERGY EFFICIENT LIGHTING SYSTEMS 35

4.2.3 DESIGNING EFFICIENT SMART HOME MANAGEMENT WITH IOT SMART LIGHTING 36

4.2.4 DRIVERS IMPACT ANALYSIS 36

4.3 RESTRAINTS 37

4.3.1 HIGH INITIAL COSTS ASSOCIATED WITH SMART LIGHTING EQUIPMENT’S 37

4.3.2 SECURITY AND RELIABILITY ISSUES WITH IOT BASED LIGHTING SYSTEMS 37

4.4 OPPORTUNITIES 38

4.4.1 DIGITAL INTEGRATION IN SMART LIGHTING DRIVING FUTURE OF SMART CITIES 38

4.4.2 LIGHTING INDUSTRY WITNESSING RAPID TRANSFORMATIONS IN SEMICONDUCTOR TECHNOLOGY 39

4.4.3 GROWING REQUIREMENTS OF HUMAN CENTRIC LIGHTING SOLUTIONS 39

4.4.4 RISING DEMAND FOR POE (POWER OVER ETHERNET) BASED LIGHTING SOLUTIONS 39

4.5 CHALLENGES 40

4.5.1 CONNECTIVITY CHALLENGES WITH SMART LIGHTING SOLUTIONS 40

4.5.2 CHALLENGES OF THE INTEGRATION OF LIGHTING SYSTEMS AND COMPONENTS IN IOT 40

4.6 IMPACT ANALYSIS OF COVID-19 41

4.6.1 IMPACT OF COVID-19 ON THE SEMICONDUCTOR INDUSTRY 41

4.6.2 GROWING IMPORTANCE OF SMART LIGHTING SYSTEM TECHNOLOGY 41

4.6.3 SMART LIGHTING IN WORKPLACES POST COVID 42

4.6.4 GROWING IMPORTANCE OF SMART CITIES IN THE POST COVID ERA 43

5 MARKET FACTOR ANALYSIS 44

5.1 SUPPLY CHAIN ANALYSIS 44

5.1.1 HARDWARE MANUFACTURERS 44

5.1.2 PLATFORM DEVELOPERS 44

5.1.3 TECHNOLOGY PROVIDERS 45

5.1.4 SYSTEM INTEGRATORS 45

5.1.5 DISTRIBUTORS/RESELLERS 45

5.1.6 END USERS 45

5.2 PORTER’S FIVE FORCES MODEL 46

5.2.1 THREAT OF NEW ENTRANTS 46

5.2.2 BARGAINING POWER OF SUPPLIERS 47

5.2.3 BARGAINING POWER OF BUYERS 47

5.2.4 THREAT OF SUBSTITUTES 47

5.2.5 INTENSITY OF RIVALRY 47

6 GLOBAL SMART INDOOR LIGHTING MARKET, BY COMPONENT 48

6.1 OVERVIEW 48

6.2 HARDWARE 49

6.2.1 LUMINARIES 49

6.2.1.1 SMART BULBS 50

6.2.1.2 FIXTURES 50

6.2.2 LIGHTING CONTROLS 50

6.2.2.1 LED DRIVERS AND BALLASTS 50

6.2.2.2 SENSORS 51

6.2.2.3 SWITCHES AND DIMMERS 51

6.2.2.4 RELAY UNITS 51

6.2.2.5 GATEWAYS 51

6.3 SOFTWARE 51

6.4 SERVICES 51

7 GLOBAL SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 52

7.1 OVERVIEW 52

7.2 WIRED COMMUNICATION TECHNOLOGY 53

7.2.1 DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI) 53

7.2.2 POWERLINE COMMUNICATIONS 54

7.2.3 POWER OVER ETHERNET (POE) 54

7.2.4 WIRE HYBRID PROTOCOL 54

7.2.5 OTHERS 54

7.3 WIRELESS COMMUNICATION TECHNOLOGY 55

7.3.1 ZIGBEE 55

7.3.2 BLUETOOTH LE 55

7.3.3 ENOCEAN 55

7.3.4 WI-FI 56

7.3.5 6LOWPAN 56

7.3.6 LI-FI 56

7.3.7 OTHERS 56

8 GLOBAL SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE 57

8.1 OVERVIEW 57

8.2 FLUORESCENT LAMPS 58

8.3 LIGHT EMITTING DIODES (LED) 58

8.4 HIGH DENSITY DISCHARGE LAMPS 58

9 GLOBAL SMART INDOOR LIGHTING MARKET, BY APPLICATION 59

9.1 OVERVIEW 59

9.2 RESIDENTIAL 60

9.3 COMMERCIAL 60

9.4 INDUSTRIAL 61

10 GLOBAL SMART INDOOR LIGHTING MARKET, BY REGION 62

10.1 OVERVIEW 62

10.1.1 MARKET ESTIMATES AND FORECAST, BY REGION 62

10.2 EUROPE 64

10.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 64

10.2.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 65

10.2.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 67

10.2.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 68

10.2.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 69

10.2.6 GERMANY 70

10.2.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 70

10.2.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 71

10.2.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 72

10.2.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 72

10.2.8 UK 73

10.2.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 73

10.2.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 74

10.2.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 75

10.2.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 75

10.2.10 FRANCE 76

10.2.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 76

10.2.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 77

10.2.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 78

10.2.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 78

10.2.12 REST OF EUROPE 79

10.2.12.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 79

10.2.13 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 80

10.2.13.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 81

10.2.13.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 81

10.3 NORTH AMERICA 82

10.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 82

10.3.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 83

10.3.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 85

10.3.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 86

10.3.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 87

10.3.6 US 88

10.3.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 88

10.3.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 89

10.3.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 90

10.3.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 90

10.3.8 CANADA 91

10.3.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 91

10.3.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 92

10.3.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 93

10.3.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 93

10.3.10 MEXICO 94

10.3.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 94

10.3.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 95

10.3.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 96

10.3.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 96

10.4 ASIA-PACIFIC 97

10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 97

10.4.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 98

10.4.3 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 100

10.4.4 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 101

10.4.5 MARKET ESTIMATES AND FORECAST, BY APPLICATION 102

10.4.6 CHINA 103

10.4.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 103

10.4.7 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 104

10.4.7.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 105

10.4.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 105

10.4.8 JAPAN 106

10.4.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 106

10.4.9 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 107

10.4.9.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 108

10.4.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 108

10.4.10 INDIA 109

10.4.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 109

10.4.11 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 110

10.4.11.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 111

10.4.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 111

10.4.12 REST OF ASIA-PACIFIC 112

10.4.12.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 112

10.4.13 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 113

10.4.13.1 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 114

10.4.13.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION 114

10.5 MIDDLE EAST & AFRICA 115

10.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 115

10.5.2 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 117

10.5.3 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 118

10.5.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION 119

10.6 SOUTH AMERICA 120

10.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 120

10.6.2 MARKET ESTIMATES AND FORECAST, BY COMMUNICATION TECHNOLOGY 122

10.6.3 MARKET ESTIMATES AND FORECAST, BY LIGHT SOURCE 123

10.6.4 MARKET ESTIMATES AND FORECAST, BY APPLICATION 124

11 COMPETITVE LANDSCAPE 125

11.1 COMPETITIVE BENCHMARKING 126

11.2 VENDOR SHARE ANALYSIS 127

11.3 RECENT DEVELOPMENTS 127

11.3.1 PRODUCT DEVELOPMENT 127

11.3.2 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS 130

12 COMPANY PROFILE 132

12.1 SIGNIFY N.V. 132

12.1.1 COMPANY OVERVIEW 132

12.1.2 FINANCIAL OVERVIEW 133

12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 134

12.1.4 KEY DEVELOPMENTS 139

12.1.5 SWOT ANALYSIS 140

12.1.6 KEY STRATEGIES 140

12.2 ACUITY BRANDS LIGHTING INC. 141

12.2.1 COMPANY OVERVIEW 141

12.2.2 FINANCIAL OVERVIEW 142

12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 142

12.2.4 KEY DEVELOPMENTS 147

12.2.5 SWOT ANALYSIS 147

12.2.6 KEY STRATEGIES 148

12.3 GE LIGHTING (GENERAL ELECTRIC COMPANY) 149

12.3.1 COMPANY OVERVIEW 149

12.3.2 FINANCIAL OVERVIEW 149

12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 150

12.3.4 KEY DEVELOPMENTS 153

12.3.5 SWOT ANALYSIS 153

12.3.6 KEY STRATEGIES 154

12.4 OSRAM LICHT AG 155

12.4.1 COMPANY OVERVIEW 155

12.4.2 FINANCIAL OVERVIEW 156

12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 156

12.4.4 KEY DEVELOPMENTS 159

12.4.5 SWOT ANALYSIS 160

12.4.6 KEY STRATEGIES 160

12.5 LEGRAND SA 161

12.5.1 COMPANY OVERVIEW 161

12.5.2 FINANCIAL OVERVIEW 162

12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 162

12.5.4 KEY DEVELOPMENTS 166

12.5.5 SWOT ANALYSIS 167

12.5.6 KEY STRATEGIES 167

12.6 HUBBELL INCORPORATED 168

12.6.1 COMPANY OVERVIEW 168

12.6.2 FINANCIAL OVERVIEW 169

12.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 169

12.6.4 KEY DEVELOPMENTS 171

12.6.5 SWOT ANALYSIS 171

12.6.6 KEY STRATEGIES 171

12.7 IDEAL INDUSTRIES (CREE) 172

12.7.1 COMPANY OVERVIEW 172

12.7.2 FINANCIAL OVERVIEW 172

12.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 172

12.7.4 KEY DEVELOPMENTS 175

12.8 SYSKA 176

12.8.1 COMPANY OVERVIEW 176

12.8.2 FINANCIAL OVERVIEW 176

12.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 176

12.8.4 KEY DEVELOPMENTS 178

12.9 LIFX 179

12.9.1 COMPANY OVERVIEW 179

12.9.2 FINANCIAL OVERVIEW 179

12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 179

12.9.4 KEY DEVELOPMENTS 181

12.10 SENGLED 182

12.10.1 COMPANY OVERVIEW 182

12.10.2 FINANCIAL OVERVIEW 182

12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 182

12.10.4 KEY DEVELOPMENTS 184

12.11 LUTRON ELECTRONICS CO., INC 185

12.11.1 COMPANY OVERVIEW 185

12.11.2 FINANCIAL OVERVIEW 185

12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 185

12.11.4 KEY DEVELOPMENTS 187

12.12 TCP LIGHTING 188

12.12.1 COMPANY OVERVIEW 188

12.12.2 FINANCIAL OVERVIEW 188

12.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 188

12.12.4 KEY DEVELOPMENTS 189

12.13 LEVITRON MANUFACTURING CO. INC. 190

12.13.1 COMPANY OVERVIEW 190

12.13.2 FINANCIAL OVERVIEW 190

12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 190

12.13.4 KEY DEVELOPMENTS 193

12.14 WIPRO LIGHTING 194

12.14.1 COMPANY OVERVIEW 194

12.14.2 FINANCIAL OVERVIEW 195

12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 195

12.14.4 KEY DEVELOPMENTS 197

12.14.5 SWOT ANALYSIS 198

12.14.6 KEY STRATEGIES 198

12.15 ZUMTOBEL LIGHTING (ZUMTOBEL GROUP AG) 199

12.15.1 COMPANY OVERVIEW 199

12.15.2 FINANCIAL OVERVIEW 200

12.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 200

12.15.4 KEY DEVELOPMENTS 204

12.15.5 SWOT ANALYSIS 204

12.15.6 KEY STRATEGIES 205