DUBLIN, July 4, 2023 (Globe Newswire) — The report “Smart Lighting and Control Systems: A Global Strategic Business Report” has been added. of ResearchAndMarkets.com Recruitment.
The global market for smart lighting and control systems is estimated at USD 42.4 billion in 2022 and is projected to reach a revised size of USD 153.7 billion by 2030, with an analysis period of 2022-2030 growing at a CAGR of 17.5% over the
One of the segments analyzed in the report, light-emitting diodes (LEDs), is projected to register a CAGR of 20.7%, reaching US$117.7 billion by the end of the analysis period.
Given the continued post-pandemic recovery, the growth of the fluorescent lamp segment is expected to revise at a CAGR of 6.8% over the next eight years.
The US market is estimated at $10.1 billion, while China is projected to grow at a CAGR of 21.9%
The US smart lighting and control systems market is estimated at USD 10.1 billion in 2022. China, the world’s second largest economy, is projected to reach her US$26.6 billion in market size by 2030, with a CAGR of 21.9. % over the analysis period 2022-2030.
Other notable geographic markets include Japan and Canada, which are expected to grow by 14.5% and 16%, respectively, over the period 2022-2030. Among Europe, Germany is projected to grow at her CAGR of around 15.6%.
Select Competitors (97 Focused in Total) –
- ABB Co., Ltd.
- Acuity Brands Co., Ltd.
- Belkin International Co., Ltd.
- Cree Lighting
- Dialight PLC
- Eaton Corporation plc
- Enlightened Co., Ltd.
- GE Current, Daintree Company
- GE Lighting, Savin Company
- helluva oy abu
- Honeywell International Inc.
- Legrand SA
- Leviton Manufacturing Company, Inc.
- LG Electronics Co., Ltd.
- Lightwave RF
- Lutron Electronics Co., Ltd.
- Osram Licht AG
- RAB Lighting Co., Ltd.
- Schneider Electric SE
- indicate NV
- Synapse Wireless Co., Ltd.
- Wipro Enterprise (P) Ltd.
- Zumtobel Group AG
Key Attributes:
| report attribute | detail |
| number of pages | 517 |
| Forecast period | 2022-2030 |
| 2022 Estimated Market Value (USD) | $42.4 billion |
| Projected market value (USD) to 2030 | $153.7 billion |
| compound annual growth rate | 17.5% |
| Target area | global |
Main topics covered:
I. Methodology
II. Executive Summary
1. Market Overview
- Effects of the COVID-19 pandemic and the looming global recession
- A look back at the COVID-19 pandemic
- Stagflation and Impending Recession: New Challenges for 2022 and 2023
- Global economic growth forecast for 2020, 2021, 2022 and 2023 (real GDP, annual rate of change)
- COVID-19 Pandemic Impacts Smart Lighting Market
- Home Office Trend Increases Demand For Lighting Solutions With Smart Features
- Smart lighting solutions become part of European countries’ recovery plans
- IoT and LED-powered platform enabling people to return to work safely
- Overview of smart lighting and control systems
- Smart lighting certifications and standards
- Smart lighting: energy efficient, dynamic, digital and connected
- Global Market Prospects and Prospects
- Insight into the bright trends driving the growth of the smart lighting market
- LEDs continue to outperform other smart lighting technologies
- Developed regions lead, developing countries drive long-term growth
- competition
- Smart Lighting and Control Systems – Percentage Market Share of Major Global Competitors in 2022 (E)
- Competitive market presence – strong/active/niche/mediocre for players worldwide in 2022 (E)
- Product Differentiation: The Key to Success
- Effective Marketing Strategy: Essential for Market Success
- Technology and Other Risks Facing Vendors in the Smart Lighting Business
- Smart Lighting Control Market: Competitive Landscape
- Startups are driving interest in the smart lighting market
- world brand
- Recent market activity
2. Focus on selected players
3. Market trends and drivers
- Superior Attributes of Smart Lighting Over Traditional Lighting Boost Market Prospects
- Outstanding technology with the potential to transform the lighting industry
- IoT and artificial intelligence gain importance in lighting applications
- LED, IoT, Innovation: Sunbeams for Smart Lighting Technology
- Fusion of IoT and lighting devices
- AI set to scale up smart lighting capabilities
- High Growth Opportunity for AI Smart Lights
- German research team aims to develop new AI smart lights
- Focus on energy and cost reduction as electricity consumption soars: fundamental driver of growth
- Projected global electricity demand (MWh): 2015, 2020, 2025, 2030, 2035
- Transformation of impact of smart, intelligent and intuitive lighting on human life drives market expansion
- Smart Intelligent LED Lighting Drives Growth Prospects
- LED vs Other Lighting Technologies: A Comparison
- Connected, Embedded and Sustainable Lighting Will Transform the Design and Functionality of Lighting Fixtures
- Rise of Smart Cities and Focus on Smart Energy Management Expand Opportunities for Smart Lighting Products
- Smart Lighting Lights the Way to Smart Cities
- Global Market for Smart City Technologies in 2020 and 2027 (USD Million)
- Smart Lighting Systems Find High Demand From Street Lighting Networks
- Street lighting leading to post-pandemic surge
- New Smart City Projects Drive Smart Street Lighting Systems Market Growth
- Connected lighting witnesses the emergence of several new trends
- Consumer Spending on Smart Home Technologies Offers Opportunity for Smart Lighting Solutions
- Global smart home market in 2019, 2021, 2023, 2025 (USD Billion)
- 2018 and 2022 Global Smart Home Market Breakdown by Technology (%)
- Smart Home Penetration Rate by Region/Country (%): 2020
- Top Trends Shaping the Future of Smart Home Lighting
- Rising LED Adoption in Innovative Niche Lighting Market Drives Market Expansion
- Controls: Improved intelligence quotient for smart lighting
- Lighting control for greater savings, energy efficiency and space efficiency
- Convenience and Advancements Increase Popularity of Wireless Lighting Control
- Control of connected, intelligent and advanced LED luminaires
- Commercial Lighting: Surge in Adoption of Smart Lighting Systems to Reduce Energy Costs
- Advances in Lighting Technology for Commercial Buildings
- Connect end-to-end building systems with smart lighting
- Residential sector: a potential high-load application sector in the long term
- Home smart lighting surges amid pandemic
- Growing demand for smart, energy-efficient lighting systems in industrial applications
- The Role Of Smart Lighting Control Systems As Supplemental Lighting Expanding In Greenhouses
- Smart LED lighting for horticulture
- Specialty Lighting Applications Driving Demand for Smart Lighting Systems
- UV rays emerge as key weapon in fighting COVID-19 pandemic
- Adoption of smart lighting accelerates in government buildings and public lighting
- Smart lighting solutions that meet the needs of medical facilities
- Advances in Lighting Systems and Controls Drive Adoption in Healthcare Facilities
- Transform your facility and save money with advanced lighting controls
- Smart LED Street Lighting Helps Municipalities Plagued by Rising Energy Prices
- Adoption of Interoperable Communication Networks Increases Demand for Wireless Lighting Devices
- Emerging standards drive demand for Bluetooth-enabled communication devices
- Key trends in smart lighting technology
- Technology Trends: Bringing Light to Lighting Control
- Technology Advancements in Smart Lighting and Controls Boost Market Prospects
- Li-Fi emerges as a game changer
- OLED lighting remains a niche category
- Horticultural lighting with smart LEDs to enable urban farming
- COVID-19 Pandemic Increases Demand for Touch-Free LED Lighting Devices
- Government Policy Drives Adoption of Energy Efficient Lighting Solutions, Driving Smart Lighting Market Opportunities
- COVID-19 impact on construction sector slows near-term growth outlook
- Global construction industry (USD trillion) in 2017, 2019 and 2022
- Demographic trends impact market outlook
- World population (in thousands) by geographical region in 2019, 2030, 2050 and 2100
- Urbanization Increases Demand for Efficient, Long-Lasting Smart Lighting Solutions
- World urban population (thousands): 1950-2050P
- Global urbanization: urban population share of total population by geographic region in 1950, 1970, 1990, 2018, 2030 and 2050
- Growing middle-class population
- Global middle class population by region in 2020, 2025 and 2030 (in millions)
- Global middle class spending by region in 2020, 2025 and 2030 (USD trillion)
- Better living standards
- Key Challenges Hampering Smart Lighting Market Prospects
4. Global market perspective
III.market analysis
IV. Competition
For more information on this report, please visit https://www.researchandmarkets.com/r/rtl6e8.
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Global Market for Smart Lighting and Control Systems
