The global smart lighting market was valued at USD 6.7 billion in 2017 and is expected to witness a CAGR of 22.2% during the forecast period (2018 – 2024). The growth of this market is attributed towards the use of the control system that enables the user to control light on the basis of various factors that includes the amount of natural light, occupancy, temperature, and movement.

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Geographically, Asia-Pacific is expected to witness the fastest CAGR of 25.1% during the forecast period in the smart lighting market due to extensive growth opportunities availed to the manufacturers, which are being adopted by the customers in mounting household activities and converting it into the digitalized platform. Furthermore, it has been observed that the swelling construction activities that are occurring in the region is the major factor that is fuelling the growth of the smart lighting industry in the region.

Moreover, increasing construction activities that are occurring in China and India are enabling rapid development in this region that is expected to create several growth opportunities for home automation and utilization of energy efficient lighting systems in this region. Furthermore, increasing expenditure on public infrastructure and the implementation of energy efficient technologies is anticipated to impact the growth of the smart lighting market in a positive manner and at a rapid pace.

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Some of the key players operating in the global smart lighting market include Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., Honeywell International Inc., and Legrand SA.

Global Smart Lighting Market Coverage

Product Insight and Forecast 2014 - 2024

Lighting Control
Driver & Ballast
Switch & Relay
Sensor
Gateway
Luminaries
Smart Bulb
Fixture
Source Insight and Forecast 2014 - 2024

Fluorescent Lamp
High Intensity Discharge Lamp
Light Emitting Diode
Others
Application Insight and Forecast 2014 - 2024

Outdoor
Public Arenas
Roadways
Others
Indoor
Commercial
Residential
Others
Communication Insight and Forecast 2014 - 2024

Wired
Powerline Communication
Digital Addressable Lighting Interface
Power Over Ethernet
Others
Wireless
Bluetooth
Wi-Fi
Zigbee
Others
Geographical Segmentation

Smart Lighting Market by Region

North America

U.S.
Canada
Mexico
Europe

Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific

Japan
China
India
South Korea
Rest of Asia-Pacific
Rest of the World

Brazil
Saudi Arabia
U.A.E
Other Countries

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