The Smart Lighting market is experiencing significant growth owing to the increasing demand from commercial and residential sector. Since smart lighting are scientifically proven to be one of the major contributors to the energy efficiency approach, various commercial businesses have encouraged its adoption.
Additionally, Ongoing and Upcoming Smart City Projects in Developing Economies along with Technology Advancement in Smart Lighting further fuel the growth of the Smart Lighting market.
On the other hand, High initial costs of smart equipment and accessories is likely to hamper the global Smart Lighting market during the forecast period.
Covid-19 Impact on Smart Lighting Market:
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industry. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the growth of the overall sector. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Smart Lighting Market Segment Overview
Based on Hardware, the market is segmented into Lamps Type and Component Type. The lamp types segment is expected to dominate the global market in 2020 and the segment is also projected to grow at the highest CAGR during the forecast period. Increased use of smart LEDs in offices pushes the commercial market in a cost-effective way is driving the market for Lamps Type market.
Based on Software, the global Smart Lighting market is segmented into On-Premise and On-Cloud. On-Cloud dominated the overall Smart Lighting market in 2019. These systems offer sensors controlling option, which will further drive the demand of the market over the coming years.
Based on the Technology, the market is segmented into WIFI,Bluetooth, Zigbee, EnOcean and Others. WIFI technology dominated the overall Smart Lighting market in 2019.
Based on Application, the global Smart Lighting market is segmented into Residential, Commercial, and Industrial. In 2019, Commercial application segment accounted for the highest market share. The rising demand for commercial buildings from developing regions and increase in improvised occupants experience are expected to accelerate the market growth during the forecast period.
Market Analysis, Insights, and Forecast – By Hardware
· Lamps Type
· Component Type
Market Analysis, Insights and Forecast – By Software
· On-Premise
· On Cloud
Market Analysis, Insights, and Forecast – By Technology
· WIFI
· Bluetooth
· Zigbee
· EnOcean
· Others
Market Analysis, Insights, and Forecast – By Application
· Residential
· Commercial
· Industrial
Smart Lighting Market Regional Overview
The regional analysis includes the adoption of electric traction motor products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). APAC is the largest and fastest-growing Smart Lighting market. The building and infrastructure sectors are the major consumers of Smart Lighting in the region. The presence of a large number of manufacturers makes the region the most important market for Smart Lighting. Moreover, increasing investments by the government on public infrastructure are increasing the growth of the market in the region.
Smart Lighting Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Lighting Market Competitor overview
Some key developments and strategies adopted by manufacturers in Smart Lighting are highlighted below.
· In October 2019, Signify company has announced to acquired Cooper Lighting Solutions from Eaton.
Smart Lighting Market, Key Players
· Acuity Brands, Inc.
· Cisco Systems, Inc.
· Cree, Inc.
· Eaton
· Deco Lighting, Inc.
· Dialight
· General Electric
· Honeywell International Inc.
· Koninklijke Philips N.V.
· Syska
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Lighting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights, and Forecast – By Hardware
- 5.2.1. Lamps Type
- 5.2.2. Component Type
- 5.3. Market Analysis, Insights and Forecast – By Software
- 5.3.1. On-Premise
- 5.3.2. On Cloud
- 5.4. Market Analysis, Insights, and Forecast – By Technology
- 5.4.1. WIFI
- 5.4.2. Bluetooth
- 5.4.3. Zigbee
- 5.4.4. EnOcean
- 5.4.5. Others
- 5.5. Market Analysis, Insights, and Forecast – By Application
- 5.5.1. Residential
- 5.5.2. Commercial
- 5.5.3. Industrial
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East, and Africa
6. North America Smart Lighting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights, and Forecast – By Hardware
- 6.2.1. Lamps Type
- 6.2.2. Component Type
- 6.3. Market Analysis, Insights and Forecast – By Software
- 6.3.1. On-Premise
- 6.3.2. On Cloud
- 6.4. Market Analysis, Insights, and Forecast – By Technology
- 6.4.1. WIFI
- 6.4.2. Bluetooth
- 6.4.3. Zigbee
- 6.4.4. EnOcean
- 6.4.5. Others
- 6.5. Market Analysis, Insights, and Forecast – By Application
- 6.5.1. Residential
- 6.5.2. Commercial
- 6.5.3. Industrial
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Smart Lighting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights, and Forecast – By Hardware
- 7.2.1. Lamps Type
- 7.2.2. Component Type
- 7.3. Market Analysis, Insights and Forecast – By Software
- 7.3.1. On-Premise
- 7.3.2. On Cloud
- 7.4. Market Analysis, Insights, and Forecast – By Technology
- 7.4.1. WIFI
- 7.4.2. Bluetooth
- 7.4.3. Zigbee
- 7.4.4. EnOcean
- 7.4.5. Others
- 7.5. Market Analysis, Insights, and Forecast – By Application
- 7.5.1. Residential
- 7.5.2. Commercial
- 7.5.3. Industrial
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Smart Lighting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights, and Forecast – By Hardware
- 8.2.1. Lamps Type
- 8.2.2. Component Type
- 8.3. Market Analysis, Insights and Forecast – By Software
- 8.3.1. On-Premise
- 8.3.2. On Cloud
- 8.4. Market Analysis, Insights, and Forecast – By Technology
- 8.4.1. WIFI
- 8.4.2. Bluetooth
- 8.4.3. Zigbee
- 8.4.4. EnOcean
- 8.4.5. Others
- 8.5. Market Analysis, Insights, and Forecast – By Application
- 8.5.1. Residential
- 8.5.2. Commercial
- 8.5.3. Industrial
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Smart Lighting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights, and Forecast – By Hardware
- 9.2.1. Lamps Type
- 9.2.2. Component Type
- 9.3. Market Analysis, Insights and Forecast – By Software
- 9.3.1. On-Premise
- 9.3.2. On Cloud
- 9.4. Market Analysis, Insights, and Forecast – By Technology
- 9.4.1. WIFI
- 9.4.2. Bluetooth
- 9.4.3. Zigbee
- 9.4.4. EnOcean
- 9.4.5. Others
- 9.5. Market Analysis, Insights, and Forecast – By Application
- 9.5.1. Residential
- 9.5.2. Commercial
- 9.5.3. Industrial
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Acuity Brands, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Cisco Systems, Inc.
- 10.6. Cree, Inc.
- 10.7. Eaton
- 10.8. Deco Lighting, Inc.
- 10.9. Dialight
- 10.10. General Electric
- 10.11. Honeywell International Inc.
- 10.12. Koninklijke Philips N.V.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
