Smart Lighting Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global smart lighting market size is expected to generate revenues of $8.68 billion in 2018, and is expected to reach $38.48 billion by 2026 to register a 20% CAGR over the forecast period. Smart lighting is designed to manage brightness remotely. It includes high-efficiency equipment that ensures energy efficiency and can be automatically controlled and adjusted according to conditions such as occupancy and exterior lighting. Lighting is the intentional use of light to add a practical and aesthetic effect to a space. In addition, these systems include general, accent and task lighting. In addition to this, the smart lighting system ensures low energy use and high-cost savings.

Key Market Players

• Acuity Brands, Inc.
• Cisco Systems, Inc.
• Cree, Inc.
• Eaton
• Deco Lighting, Inc.
• Dialight
• General Electric
• Honeywell International Inc.
• Koninklijke Philips N.V.
• Syska

Smart Lighting Market Segments:

By Offering

• Hardware
• Software

By Connectivity Technology

• Bluetooth
• Zigbee
• WiFi
• DALI

By Lighting Technology

• LED
• Halogen
• Incandescent
• Fluorescent
• CFL

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Lighting Market Report

• What was the Smart Lighting Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Lighting Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Smart Lighting Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.