Smart Commercial Lighting Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022-2027
The Smart Commercial Lighting market is expected to grow at a CAGR of 20.5% during the forecast period 2022 – 2027.
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Major Players
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
20
REPORT DESCRIPTION
The Smart Commercial Lighting market is a multi billion market which started witnessing growth from the beginning of the current decade. The Smart Commercial Lighting market is witnessing growth mainly due to the growing demand for the environment friendly and energy saving solutions from different industry verticals. The smart commercial lighting solutions available today can automatically adjust themselves according to the time of the day (i.e. daylight simulation lighting) while for traditional lighting systems manually settings are need to be done. The smart commercial lighting is gaining popularity as it helps in dealing with the seasonal depressions and reducing electricity bills such as in hospitals and offices and educational institutes.
The Smart Commercial Lighting market is expected to grow at a CAGR of 20.5% during the forecast period 2022–2027.
The energy saving lighting solutions, government support and growing demand for the IOT based solutions are supporting the growth of the smart commercial lighting market.The demand for the smart energy infrastructure and green buildings is helping the commercial smart lighting market to expand in the developed geographies such as in Americas and Europe. Despite, certain factors like high cost, cyber threat and lack of awareness may still impact the growth of the smart commercial lighting market.
The wireless technologies and smart network components such as sensors are supporting the growth of this market. These network components help in secure and reliable transfer of data between the connected devices. Few of the smart lighting lamps available today are Bluetooth enabled Compact Fluorescent Lights (CFL), Wi-Fi enabled Light-Emitting Diode (LED) and ZigBee enabled lighting systems. Some of the key vendors present in the market are Philips Lighting, GE lighting, Acuity Brands Inc. and Google Inc. The report also talks about companies to watch for such as Smart Lighting Engineering (SLE), LED Roadways Lighting Ltd. (LRL), LIFX, Digital Lumens and Enlighted Inc.
This study covers and analyses “Smart Commercial market” globally. Bringing out the complete key insights of this industry, this reports aims to provide opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions. Key Highlights of this Report are as below: Connectivity Technologies, Lighting Lamps, Network Components and Industry Applications. The market is divided into four regions: America, Europe, Asia-Pacific, and Middle East & Africa (MEA). Competitive benchmarking analysis to optimize short term and long term strategy of the organizations. Stakeholders’ insights and key trends (current and future) of the market.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Smart Lighting Market
4.2 Smart Lighting Market, By Product Type
4.3 Market, By Application
4.4 Market, By Light Source
4.5 Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Light Source
5.3.2 By Product Type
5.3.3 By Communication Technology
5.3.4 By Application
5.3.5 By Software & Service
5.3.6 By Geography
5.4 Market Dynamics: Smart Lighting Market
5.4.1 Drivers
5.4.1.1 Demand for Smart Lighting is Being Driven By the Modernization and Development of Infrastructure Such as Smart Cities
5.4.1.2 Increased Demand for Intelligent Solutions for Street Lighting Systems
5.4.1.3 Need for Energy-Efficient Lighting Systems
5.4.1.4 Acceptance of Standard Protocols for Lighting Control
5.4.2 Restraints
5.4.2.1 Lack of Awareness Regarding Installation Costs and Payback Periods
5.4.2.2 Security and Privacy Issues Inhibit the Growth of Smart Lighting
5.4.3 Opportunities
5.4.3.1 Development of Wireless Technology for Smart Lighting Systems
5.4.3.2 Adoption of Smart Lighting for Smart Cities
5.4.3.3 Consumer Awareness About the Importance of Energy Saving
5.4.3.4 Development of IoT Technology in the Field of Smart Lighting
5.4.4 Challenges
5.4.4.1 Lack of Common Open Standards
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Smart Lighting Original Equipment Manufacturers
6.2.3 Key Technology Providers/System Integrators
6.2.4 Distributors/Marketing
6.3 Key Industry Trends
6.4 Porter’s Five Forces Analysis
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Competitive Rivalry
7 Smart Lighting Market, By Light Source
7.1 Introduction
7.1.1 Fluorescent Lamps (FL)
7.1.1.1 Compact Fluorescent Lamps (CFL)
7.1.2 Light Emitting Diode (LED)
7.1.3 High-Intensity Discharge Lamps (HID)
7.1.4 Others
8 Smart Lighting Market, By Product Type
8.1 Introduction
8.2 Luminaries
8.2.1 Smart Bulbs
8.2.2 Fixtures
8.3 Lighting Controls
8.3.1 LED Drivers & Ballasts
8.3.2 Sensors
8.3.3 Switches & Dimmers
8.3.4 Relay Units
8.3.5 Gateways
9 Smart Lighting Market, By Communication Technology
9.1 Introduction
9.2 Wired Communication Technologies
9.2.1 Digital Addressable Lighting Interface (DALI)
9.2.2 Powerline Communication (PLC)
9.2.3 Power Over Ethernet (POE)
9.2.4 Wired Hybrid Protocols
9.2.5 Others
9.2.5.1 Proprietary Protocols
9.2.5.2 Knx
9.2.5.3 Lonworks
9.3 Wireless Connectivity Technologies
9.3.1 Zigbee
9.3.2 Bluetooth/Ble
9.3.3 Enocean
9.3.4 Wi-Fi
9.3.5 6lowpan
9.3.6 Wireless Hybrid Protocols
9.3.7 Others
10 Smart Lighting Market, By Application
10.1 Introduction
10.1.1 Indoor Lighting
10.1.1.1 Residential
10.1.1.1.1 Increasing Standard of Living
10.1.1.2 Commercial
10.1.1.2.1 Office Lighting
10.1.1.2.2 Retail
10.1.1.2.3 Hospitality
10.1.1.3 Industrial
10.1.1.3.1 Safety of Workers in Industrial Areas
10.1.1.4 Others
10.1.1.4.1 Government & Public Places
10.1.2 Outdoor Lighting
10.1.2.1 Highways & Roadways Lighting
10.1.2.1.1 Different Lighting Controls for Different Types of Roads, Bridges, and Tunnels
10.1.2.2 Architectural Lighting
10.1.2.3 Lighting for Public Places
10.1.2.4 Others
11 Smart Lighting Market, By Software & Service
11.1 Introduction
11.2 Software & Service
11.2.1 Smartphone Application
11.2.2 Lighting as A Service
12 Geographic Analysis
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.1.1 Building Codes Expected to Boost the Adoption of New Technologies in Light Switches
12.2.2 Canada
12.2.2.1 Growing Adoption of LED Lighting Systems
12.3 Europe
12.3.1 U.K.
12.3.1.1 Demand for Energy-Saving and Long-Lasting Lighting Systems Driving the Market in the U.K.
12.3.2 Germany
12.3.2.1 High Demand for Smart Homes Driving the Market in Germany
12.3.3 France
12.3.3.1 Growing Awareness Toward Energy Conservation
12.3.4 Italy
12.3.4.1 High Demand From the Rebounding Construction Sector
12.3.5 Rest of Europe
12.3.5.1 Increasing Investments to Fuel the Growth of This Market in the Future
12.3.5.2 Spain
12.3.5.2.1 Government Regulations for Reducing Emissions Driving the Adoption of Intelligent Lighting
12.4 Asia-Pacific
12.4.1 China
12.4.1.1 Increasing Government Expenditure on Public Infrastructure
12.4.2 Japan
12.4.2.1 Focus on Energy Management Solutions
12.4.3 Rest of APAC
12.4.3.1 Australia and Indonesia: Emerging Markets With Significant Potential
12.4.3.2 India: Strong Economic Outlook Expected to Drive the Growth
12.4.3.3 South Korea: Energy Efficiency Labels & Standards Program Expected to Boost Growth of Smart Lighting Systems
12.5 Rest of the World
12.5.1.1 Focus on Real Estate & Urbanization
13 Competitive Landscape
13.1 Introduction
13.2 Ranking of Market Players, 2015
13.3 Competitive Scenario and Trends
13.3.1 New Product Launches, New Product Expansions, and Patents
13.3.2 Alliances, Business Expansions, and Contracts
13.3.3 Mergers & Acquisitions
14 Company Profiles
14.1 Introduction
14.2 Philips Lighting Holding B.V.
14.3 Acuity Brands Lighting, Inc.
14.4 General Electric Company
14.5 OSRAM Licht AG
14.6 Honeywell International Inc.
14.7 Legrand S.A.
14.8 Schneider Electric SE
14.9 CREE, Inc.
14.10 Cooper Industries, Inc.
14.11 Digital Lumens, Inc.
14.12 Lutron Electronics Co., Inc.
14.13 Streetlight.Vision
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