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The Smart Lighting Market Size was valued at USD 11.95 billion in 2023, and is expected to reach USD 40.09 billion by 2032, and grow at a CAGR of 14.44% over the forecast period 2024-2032.
The growth of smart lighting market is being fueled by smart cities. Cities are introducing smart streetlights to decrease energy usage and emissions, with some managing to achieve a 50% decrease. For example, having a 10-watt LED bulb that is used for 4 hours daily. During an average month, this bulb usually uses 1.2 kilowatt-hours of energy. Taking into consideration the standby power consumption and the increased connectivity to other devices, a smart bulb could increase its monthly energy usage by an additional 0.78 kWh. Showing that fact, traditional light bulbs have been reported to lose up to 90% of their energy as heat (as anyone who has attempted to replace an incandescent bulb can confirm). With a price of 14 pence per kWh, the smart light will only add around 10 pence to your monthly bill.
The smart home revolution is growing with a reported 27% increase in smart home adoption since 2020, according to YouGov. This increase is driven by increasing knowledge - one third of Americans currently have a good grasp of smart home devices, as opposed to 27% only two years ago. However, it's more than just gaining knowledge - individuals are also actively implementing changes. People under the age of 45 are taking the lead, with 29% owning smart lighting systems, in contrast to 22% of individuals over 45. Security is the top priority - smart security gadgets are the most sought-after smart technology at the moment, showing the emphasis on safety and peace of mind in the smart home industry. This trend shows a bright future for smart home technology as awareness, adoption, and user preferences develop.
Market Dynamics
Rising Internet of Things (IoT) integration in smart lighting market
The Internet of Things (IoT) is revolutionizing lighting, transforming them from static fixtures into intelligent networks. Imagine controlling lights remotely using your smartphone, scheduling them to turn on at sunrise and off at sunset, or having them automatically adjust with sensors. This creates a smarter system with features like dimming, color control, and occupancy detection – all contributing to significant energy savings. These smart lights connect via protocols like Zigbee or Wi-Fi, allowing them to integrate seamlessly with smart home systems for a holistic control of your environment. This rise of IoT in lighting offers a trifecta of benefits: convenience, personalization, and sustainability. One key driver of this growth is the energy savings potential. Smart lighting systems utilize IoT-enabled sensors, bulbs, or adapters that allow users to manage their lighting with a smartphone or smart home platform. This enables features like occupancy detection, which automatically adjusts brightness based on room usage. Additionally, most smart lights are powered by energy-efficient LEDs. According to a study 70% of a building's total cost over its lifespan is from day-to-day operations, including energy use. Smart lighting can significantly impact this cost by ensuring lights are off in unoccupied spaces. While regular LED bulbs offer some energy savings, smart lighting goes a step further by offering automation and customization, justifying the additional cost for many consumers. For instance, a typical household can save around USD 76 annually by switching to LEDs, but smart lighting offers the extra value of convenience and control over lighting ambiance. This integration of IoT with lighting technology is creating a smarter and more efficient future, with the smart lighting market poised for continued growth
Rise of Smart Homes Fuels Smart Lighting Market Growth
The growth of smart homes, driven by convenience and energy efficiency, is a major factor in the expansion of the smart lighting industry. This includes controlling lights using a smartphone or voice assistant, removing the need to search for a switch in the dark. Smart lighting works together smoothly with smart home systems, allowing for personalized experiences with dimming, color changes, and scheduling options. However, the advantages extend further than just convenience. Smart lighting includes energy-efficient elements such as occupancy sensors that adjust based on room usage and utilize energy-saving LED technology. The collaboration between smart homes and smart lighting is driving expansion in both industries. Although smart homes have great potential, the current rates of adoption indicate a need for a practical approach. Smart home devices have not become as common in households as smartphones and computers. Early adopters rank security as their main concern, with 77% of smart home users claiming these technologies enhance their quality of life by enabling features such as remote monitoring and security alerts. While smart lighting is appreciated, it appears to be of lesser importance compared to other factors.
This practical approach also applies to how consumers purchase smart home gadgets. 85% focus on specific functions or devices that meet their current needs, instead of striving for a completely integrated "smartest-possible" home. About 45% of individuals intend to purchase just one or two smart home devices, selecting items that address particular issues. An additional 40% acquire devices when necessary or when new features become available. This indicates that consumers carefully choose which smart features to incorporate into their homes, emphasizing products that solve existing problems. Users demonstrate this practical approach by managing their smart homes. At present, the main way to control smartphones is through individual apps (45%), with a smaller percentage using the controls on the device itself (18%). Control your smart speakers through voice commands.
High initial costs in the smart lighting Market.
The smart lighting market faces a challenge due to the high initial expenses. Outfitting a whole household with necessary items can come at a high cost, especially when compared to standard lighting options. A traditional 60-watt incandescent bulb is priced at $1-$2, whereas a CFL bulb can cost $2-$10. Smart bulbs, on the other hand, come with a higher starting cost, with an average of $42 per bulb. Additionally, certain systems may need a hub or bridge in order to connect, resulting in additional expenses. Conventional lighting might have a lower initial cost, but it has a shorter duration. Incandescent bulbs have a lifespan of 1,000 hours, fluorescents can last between 8,000 and 10,000 hours, and halogens typically last 2,000 to 4,000 hours. These regular changes result in increased maintenance expenses over time. LED-based smart bulbs have a lifespan of 20,000-25,000 hours, which is 25 times longer than incandescent bulbs. This results in less replacements and potentially reduced costs for homeowners in the long run.
Concerns regarding security and privacy within the smart lighting industry.
Concerns regarding security and privacy are on the rise in the smart lighting sector. Consumers are concerned about their lighting systems being accessed without permission, as this could be used for pranks or break-ins. Moreover, smart lights could be at risk of privacy breaches due to the data they collect, including usage patterns and occupancy data. Manufacturers must implement strong security protocols and transparent data privacy practices to maintain consumer trust and support the smart lighting market's growth.
Based on Component, Hardware holds the largest market share in the smart lighting market at 40% in 2023. The growth of the hardware segment is being driven by the incorporation of smart lighting systems with the Internet of Things (IoT). Smart bulbs, luminaires, and light controls come with connectivity capabilities that allow users to remotely control and monitor lighting using smartphones, tablets, or other IoT devices. Advanced technology is making smart bulbs more advanced with features like changing colors, adjustable white light, and the ability to work with voice assistants and smart home systems. These progressions enhance the attractiveness of smart bulbs for customers, leading to higher sales and growth in the market segment. Smart bulbs, light fixtures, and lighting controls come equipped with various connectivity options. Philips Hue, LIFX, and Cree provide different choices for remotely controlling your lighting through smartphones, tablets, or other IoT devices. Smart bulbs are advancing beyond simple On/Off functions into impressive technological feats. Many currently come equipped with features such as the ability to change colors, adjustable white light (which allows for changing the warmth or coolness of the light), and support for well-known voice assistants like Alexa or Google Assistant. Moreover, they have the ability to smoothly link with smart home systems offered by Samsung Smart Things or Apple Home Kit. These developments are making smart bulbs more appealing to customers, resulting in higher sales and driving the hardware sector forward.
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Based on Application, indoor Lighting dominates the largest market share in smart lighting market with 60% of market share in 2023. Because of the growing trend of smart homes incorporating advanced technology to link and manage multiple devices and systems. Consumers are increasingly opting for smart lighting solutions to improve convenience, reduce energy consumption, and automate their households. This integration allows users to control indoor lighting through voice commands or a central smart home system, which helps in growing different industries. Smart room lighting systems allow people to adjust their lighting experiences based on their preferences. Low/high bay fixtures and A-type lamps have shown the most energy savings for indoor use. Most of the potential savings are linked to low/high bay and linear fixtures, commonly used in commercial and industrial buildings with high light output needs and long operating hours. These structures gain the most advantage from connected features, which are crucial for achieving maximum energy and cost savings in lighting. In 2018, LED lighting was more widely used in outdoor settings compared to indoor spaces, resulting in 40% of the total energy savings generated by LED technology. Implementing the most effective LEDs across all uses could lead to more than a quadrillion in yearly energy savings in just the outdoor industry, which is equal to around 9% of the electricity consumption in commercial buildings in 2018.
Asia Pacific dominates the largest share in smart lighting market with 38% of market in 2023, due to the growth of urban areas and a focus on smart cities. Fast urban growth leads to a need for lighting solutions that are energy efficient. Smart city initiatives are being heavily invested in by cities throughout Asia, with smart lighting playing a crucial role. It aids in saving energy, enhancing public safety, and improving the quality of life for residents. The market in China prospers because of urbanization, technological advancements, and the expansion of smart homes. Japan prioritizes efficiency, as eco-friendly smart lighting becomes popular in both residences and commercial establishments. This country, known for its advanced technology and high standard of living, is an ideal market for cutting-edge smart lighting products.
North America is the fastest growing in smart lighting market with 31% of market share in 2023. Innovation and an increasing emphasis on energy conservation are brightening the U.S. smart lighting market. The increasing popularity of smart homes and the Internet of Things (IoT) is driving consumer curiosity in smart lighting for residential and commercial spaces. In the U.S, Lumileds, a leading LED producer, has increased production to meet the growing demand. Government regulations promoting energy efficiency also brighten the prospects for smart lighting in the country.
Some of the major key players Signify Holding, Legrand, ACUITY BRANDS, INC., ams-OSRAM AG, Honeywell International Inc., Zumtobel Group, Wipro Lighting , Lutron Electronics Co., Inc, LEDVANCE GmbH, Inter IKEA Systems B.V., Schneider Electric, ABB , Synapse Wireless Inc., Panasonic Corporation , Leviton Manufacturing Co., Inc. , Syska, BUILDING ROBOTICS INC. (BRI), A SIEMENS COMPANY, Helvar, LIFX , Nanoleaf, Sengled GmbH, and TVILIGHT Projects B.V. and others.
In April 2024, Govee introduced two new intelligent floor lamps - the Floor Lamp 2 and Floor Lamp Pro. The Floor Lamp 2 provides enhanced lighting, works with Matter, and allows for personalized lighting options. The Floor Lamp Pro comes with 324 color and white light beads for the best lighting, a light bar that can rotate 300 degrees, and a built-in Bluetooth speaker.
In February 2024, Siemens and Enlighted, a leading property technology company within Siemens, announced a strategic partnership with Zumtobel Group, a well-known international lighting solutions provider. This collaboration seeks to advance the adoption of smart building technologies, specifically IoT lighting, setting new standards for efficiency and sustainability in building operations worldwide.
In January 2024, Legrand, a well-known global expert and leading provider of electrical wiring solutions, introduced the latest product in the radiant collection of smart lighting at the Consumer Electronics Show in Las Vegas, NV. This newest release includes upcoming Matter-compatible smart devices that will be launched in 2024. This development signifies the progression of Smart Lighting with Wi-Fi by incorporating the Matter standard into light switches, dimmers, and outlets. It highlights Legrand's continuous commitment to innovating in the field of intelligent lighting.
In January 2024, Lutron Electronics Co., Inc. introduced Maestro dual controls equipped with integrated LED+ advanced dimming technology. The Maestro dual control models are a reliable option for controlling multiple lights or fans from one location, especially in places such as kitchens, closets, and bathrooms. The newest versions now include Lutron Electronics Co., Inc. LED+ advanced technology, providing smooth LED dimming without any disturbance, flicker, or shimmer, a choice favored by professional installers and their customers.
Report Attributes | Details |
Market Size in 2023 | USD 11.95 Billion |
Market Size by 2032 | USD 40.09 Billion |
CAGR | CAGR of 14.44 % From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Component (Hardware, Software, Services) • By Installation Type (New Installations, Retrofit Installations) • By (Wired, Wireless) • By Application (Indoor Lighting, Outdoor Lighting) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Signify Holding, Legrand, ACUITY BRANDS, INC., ams-OSRAM AG, Honeywell International Inc., Zumtobel Group, Wipro Lighting , Lutron Electronics Co., Inc, LEDVANCE GmbH, Inter IKEA Systems B.V., Schneider Electric, ABB , Synapse Wireless Inc., Panasonic Corporation , Leviton Manufacturing Co., Inc. , Syska, BUILDING ROBOTICS INC. (BRI), A SIEMENS COMPANY, Helvar, LIFX , Nanoleaf, Sengled GmbH, and TVILIGHT Projects B.V. and others. |
Key Drivers | • Rising Internet of Things (IoT) integration in smart lighting market • Rise of Smart Homes Fuels Smart Lighting Market Growth |
RESTRAINTS | • High initial costs in the smart lighting Market. • Concerns regarding security and privacy within the smart lighting industry. |
Ans. The smart lighting market is influenced by various factors like increasing use of smart homes, energy efficiency advantages, and sustainability initiatives by governments, and ongoing technological progress.
Ans. The Smart Lighting Market Size was valued at USD 11.95 billion in 2023, and is expected to reach USD 40.09 billion by 2032, and grow at a CAGR of 14.44% over the forecast period 2024-2032.
Ans. North America region is to record the fastest growing in the Smart Lighting Market.
Ans. The hardware is leading in the market revenue share in 2023.
Ans. Asia Pacific is to hold the largest market share in the Smart Lighting Market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Smart Lighting Market Segmentation, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Smart Bulb
7.2.2 Luminaire
7.2.3 Light Controls
7.3 Software
7.3.1 On-premises
7.3.2 Cloud
7.4 Services
7.4.1 Pre-sales
7.4.2 Post-sales
8. Smart Lighting Market Segmentation, By Installation Type
8.1 Introduction
8.2 New Installations
8.3 Retrofit Installations
9. Smart Lighting Market Segmentation, By Technology
9.1 Introduction
9.2 Wired
9.2.1 Power Line Communication
9.2.2 Power over Ethernet
9.2.3 DALI
9.2.4 Hybrid
9.3 Wireless
9.3.1 Bluetooth
9.3.2 Zigbee
9.3.3 Wi-Fi
9.3.4 Enocean
9.3.5 LPWAN
9.3.6 Hybrid
10. Smart Lighting Market Segmentation, By Application
10.1 Introduction
10.2 Indoor Lighting
10.2.1 Residential
10.2.2Commercial
10.2.2.1 Hospitality
10.2.2.2 Restaurants
10.2.2.3 Bars/Pubs
10.2.2.4 Cafe
10.2.2.5 Bistro
10.2.2.6 Others
10.2.2.7 Hotel
10.2.2.8 Recreation
10.2.2.9Travel & Tourism
10.2.2.10 Others
10.2.3 Industrial
10.3 Outdoor Lighting
10.3.1 Highways & Roadways
10.3.2 Public Places
10.3.3 Bridges & Tunnels
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Smart Lighting Market by Country
11.2.3 North America Smart Lighting Market By Component
11.2.4 North America Smart Lighting Market By Installation Type
11.2.5 North America Smart Lighting Market By Technology
11.2.6 North America Smart Lighting Market By Application
11.2.7 USA
11.2.7.1 USA Smart Lighting Market By Component
11.2.7.2 USA Smart Lighting Market By Installation Type
11.2.7.3 USA Smart Lighting Market By Technology
11.2.7.4 USA Smart Lighting Market By Application
11.2.8 Canada
11.2.8.1 Canada Smart Lighting Market By Component
11.2.8.2 Canada Smart Lighting Market By Installation Type
11.2.8.3 Canada Smart Lighting Market By Technology
11.2.8.4 Canada Smart Lighting Market By Application
11.2.9 Mexico
11.2.9.1 Mexico Smart Lighting Market By Component
11.2.9.2 Mexico Smart Lighting Market By Installation Type
11.2.9.3 Mexico Smart Lighting Market By Technology
11.2.9.4 Mexico Smart Lighting Market By Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Smart Lighting Market by Country
11.3.2.2 Eastern Europe Smart Lighting Market By Component
11.3.2.3 Eastern Europe Smart Lighting Market By Installation Type
11.3.2.4 Eastern Europe Smart Lighting Market By Technology
11.3.2.5 Eastern Europe Smart Lighting Market By Application
11.3.2.6 Poland
11.3.2.6.1 Poland Smart Lighting Market By Component
11.3.2.6.2 Poland Smart Lighting Market By Installation Type
11.3.2.6.3 Poland Smart Lighting Market By Technology
11.3.2.6.4 Poland Smart Lighting Market By Application
11.3.2.7 Romania
11.3.2.7.1 Romania Smart Lighting Market By Component
11.3.2.7.2 Romania Smart Lighting Market By Installation Type
11.3.2.7.3 Romania Smart Lighting Market By Technology
11.3.2.7.4 Romania Smart Lighting Market By Application
11.3.2.8 Hungary
11.3.2.8.1 Hungary Smart Lighting Market By Component
11.3.2.8.2 Hungary Smart Lighting Market By Installation Type
11.3.2.8.3 Hungary Smart Lighting Market By Technology
11.3.2.8.4 Hungary Smart Lighting Market By Application
11.3.2.9 Turkey
11.3.2.9.1 Turkey Smart Lighting Market By Component
11.3.2.9.2 Turkey Smart Lighting Market By Installation Type
11.3.2.9.3 Turkey Smart Lighting Market By Technology
11.3.2.9.4 Turkey Smart Lighting Market By Application
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Smart Lighting Market By Component
11.3.2.10.2 Rest of Eastern Europe Smart Lighting Market By Installation Type
11.3.2.10.3 Rest of Eastern Europe Smart Lighting Market By Technology
11.3.2.10.4 Rest of Eastern Europe Smart Lighting Market By Application
11.3.3 Western Europe
11.3.3.1 Western Europe Smart Lighting Market by Country
11.3.3.2 Western Europe Smart Lighting Market By Component
11.3.3.3 Western Europe Smart Lighting Market By Installation Type
11.3.3.4 Western Europe Smart Lighting Market By Technology
11.3.3.5 Western Europe Smart Lighting Market By Application
11.3.3.6 Germany
11.3.3.6.1 Germany Smart Lighting Market By Component
11.3.3.6.2 Germany Smart Lighting Market By Installation Type
11.3.3.6.3 Germany Smart Lighting Market By Technology
11.3.3.6.4 Germany Smart Lighting Market By Application
11.3.3.7 France
11.3.3.7.1 France Smart Lighting Market By Component
11.3.3.7.2 France Smart Lighting Market By Installation Type
11.3.3.7.3 France Smart Lighting Market By Technology
11.3.3.7.4 France Smart Lighting Market By Application
11.3.3.8 UK
11.3.3.8.1 UK Smart Lighting Market By Component
11.3.3.8.2 UK Smart Lighting Market By Installation Type
11.3.3.8.3 UK Smart Lighting Market By Technology
11.3.3.8.4 UK Smart Lighting Market By Application
11.3.3.9 Italy
11.3.3.9.1 Italy Smart Lighting Market By Component
11.3.3.9.2 Italy Smart Lighting Market By Installation Type
11.3.3.9.3 Italy Smart Lighting Market By Technology
11.3.3.9.4 Italy Smart Lighting Market By Application
11.3.3.10 Spain
11.3.3.10.1 Spain Smart Lighting Market By Component
11.3.3.10.2 Spain Smart Lighting Market By Installation Type
11.3.3.10.3 Spain Smart Lighting Market By Technology
11.3.3.10.4 Spain Smart Lighting Market By Application
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Smart Lighting Market By Component
11.3.3.11.2 Netherlands Smart Lighting Market By Installation Type
11.3.3.11.3 Netherlands Smart Lighting Market By Technology
11.3.3.11.4 Netherlands Smart Lighting Market By Application
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Smart Lighting Market By Component
11.3.3.12.2 Switzerland Smart Lighting Market By Installation Type
11.3.3.12.3 Switzerland Smart Lighting Market By Technology
11.3.3.12.4 Switzerland Smart Lighting Market By Application
11.3.3.13 Austria
11.3.3.13.1 Austria Smart Lighting Market By Component
11.3.3.13.2 Austria Smart Lighting Market By Installation Type
11.3.3.13.3 Austria Smart Lighting Market By Technology
11.3.3.13.4 Austria Smart Lighting Market By Application
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Smart Lighting Market By Component
11.3.3.14.2 Rest of Western Europe Smart Lighting Market By Installation Type
11.3.3.14.3 Rest of Western Europe Smart Lighting Market By Technology
11.3.3.14.4 Rest of Western Europe Smart Lighting Market By Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Smart Lighting Market by Country
11.4.3 Asia-Pacific Smart Lighting Market By Component
11.4.4 Asia-Pacific Smart Lighting Market By Installation Type
11.4.5 Asia-Pacific Smart Lighting Market By Technology
11.4.6 Asia-Pacific Smart Lighting Market By Application
11.4.7 China
11.4.7.1 China Smart Lighting Market By Component
11.4.7.2 China Smart Lighting Market By Installation Type
11.4.7.3 China Smart Lighting Market By Technology
11.4.7.4 China Smart Lighting Market By Application
11.4.8 India
11.4.8.1 India Smart Lighting Market By Component
11.4.8.2 India Smart Lighting Market By Installation Type
11.4.8.3 India Smart Lighting Market By Technology
11.4.8.4 India Smart Lighting Market By Application
11.4.9 Japan
11.4.9.1 Japan Smart Lighting Market By Component
11.4.9.2 Japan Smart Lighting Market By Installation Type
11.4.9.3 Japan Smart Lighting Market By Technology
11.4.9.4 Japan Smart Lighting Market By Application
11.4.10 South Korea
11.4.10.1 South Korea Smart Lighting Market By Component
11.4.10.2 South Korea Smart Lighting Market By Installation Type
11.4.10.3 South Korea Smart Lighting Market By Technology
11.4.10.4 South Korea Smart Lighting Market By Application
11.4.11 Vietnam
11.4.11.1 Vietnam Smart Lighting Market By Component
11.4.11.2 Vietnam Smart Lighting Market By Installation Type
11.4.11.3 Vietnam Smart Lighting Market By Technology
11.4.11.4 Vietnam Smart Lighting Market By Application
11.4.12 Singapore
11.4.12.1 Singapore Smart Lighting Market By Component
11.4.12.2 Singapore Smart Lighting Market By Installation Type
11.4.12.3 Singapore Smart Lighting Market By Technology
11.4.12.4 Singapore Smart Lighting Market By Application
11.4.13 Australia
11.4.13.1 Australia Smart Lighting Market By Component
11.4.13.2 Australia Smart Lighting Market By Installation Type
11.4.13.3 Australia Smart Lighting Market By Technology
11.4.13.4 Australia Smart Lighting Market By Application
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Smart Lighting Market By Component
11.4.14.2 Rest of Asia-Pacific Smart Lighting Market By Installation Type
11.4.14.3 Rest of Asia-Pacific Smart Lighting Market By Technology
11.4.14.4 Rest of Asia-Pacific Smart Lighting Market By Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Smart Lighting Market by Country
11.5.2.2 Middle East Smart Lighting Market By Component
11.5.2.3 Middle East Smart Lighting Market By Installation Type
11.5.2.4 Middle East Smart Lighting Market By Technology
11.5.2.5 Middle East Smart Lighting Market By Application
11.5.2.6 UAE
11.5.2.6.1 UAE Smart Lighting Market By Component
11.5.2.6.2 UAE Smart Lighting Market By Installation Type
11.5.2.6.3 UAE Smart Lighting Market By Technology
11.5.2.6.4 UAE Smart Lighting Market By Application
11.5.2.7 Egypt
11.5.2.7.1 Egypt Smart Lighting Market By Component
11.5.2.7.2 Egypt Smart Lighting Market By Installation Type
11.5.2.7.3 Egypt Smart Lighting Market By Technology
11.5.2.7.4 Egypt Smart Lighting Market By Application
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Smart Lighting Market By Component
11.5.2.8.2 Saudi Arabia Smart Lighting Market By Installation Type
11.5.2.8.3 Saudi Arabia Smart Lighting Market By Technology
11.5.2.8.4 Saudi Arabia Smart Lighting Market By Application
11.5.2.9 Qatar
11.5.2.9.1 Qatar Smart Lighting Market By Component
11.5.2.9.2 Qatar Smart Lighting Market By Installation Type
11.5.2.9.3 Qatar Smart Lighting Market By Technology
11.5.2.9.4 Qatar Smart Lighting Market By Application
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Smart Lighting Market By Component
11.5.2.10.2 Rest of Middle East Smart Lighting Market By Installation Type
11.5.2.10.3 Rest of Middle East Smart Lighting Market By Technology
11.5.2.10.4 Rest of Middle East Smart Lighting Market By Application
11.5.3 Africa
11.5.3.1 Africa Smart Lighting Market by Country
11.5.3.2 Africa Smart Lighting Market By Component
11.5.3.3 Africa Smart Lighting Market By Installation Type
11.5.3.4 Africa Smart Lighting Market By Technology
11.5.3.5 Africa Smart Lighting Market By Application
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Smart Lighting Market By Component
11.5.3.6.2 Nigeria Smart Lighting Market By Installation Type
11.5.3.6.3 Nigeria Smart Lighting Market By Technology
11.5.3.6.4 Nigeria Smart Lighting Market By Application
11.5.3.7 South Africa
11.5.3.7.1 South Africa Smart Lighting Market By Component
11.5.3.7.2 South Africa Smart Lighting Market By Installation Type
11.5.3.7.3 South Africa Smart Lighting Market By Technology
11.5.3.7.4 South Africa Smart Lighting Market By Application
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Smart Lighting Market By Component
11.5.3.8.2 Rest of Africa Smart Lighting Market By Installation Type
11.5.3.8.3 Rest of Africa Smart Lighting Market By Technology
11.5.3.8.4 Rest of Africa Smart Lighting Market By Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Smart Lighting Market by Country
11.6.3 Latin America Smart Lighting Market By Component
11.6.4 Latin America Smart Lighting Market By Installation Type
11.6.5 Latin America Smart Lighting Market By Technology
11.6.6 Latin America Smart Lighting Market By Application
11.6.7 Brazil
11.6.7.1 Brazil Smart Lighting Market By Component
11.6.7.2 Brazil Smart Lighting Market By Installation Type
11.6.7.3 Brazil Smart Lighting Market By Technology
11.6.7.4 Brazil Smart Lighting Market By Application
11.6.8 Argentina
11.6.8.1 Argentina Smart Lighting Market By Component
11.6.8.2 Argentina Smart Lighting Market By Installation Type
11.6.8.3 Argentina Smart Lighting Market By Technology
11.6.8.4 Argentina Smart Lighting Market By Application
11.6.9 Colombia
11.6.9.1 Colombia Smart Lighting Market By Component
11.6.9.2 Colombia Smart Lighting Market By Installation Type
11.6.9.3 Colombia Smart Lighting Market By Technology
11.6.9.4 Colombia Smart Lighting Market By Application
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Smart Lighting Market By Component
11.6.10.2 Rest of Latin America Smart Lighting Market By Installation Type
11.6.10.3 Rest of Latin America Smart Lighting Market By Technology
11.6.10.4 Rest of Latin America Smart Lighting Market By Application
12. Company Profiles
12.1 Signify Holding
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 Legrand
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 ACUITY BRANDS, INC.
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 ams-OSRAM AG
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Honeywell International Inc.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 Zumtobel Group
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 Wipro Lighting
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 Lutron Electronics Co.
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 LEDVANCE GmbH
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 Inter IKEA Systems B.V.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
12.11 Schneider Electric
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 The SNS View
12.12 ABB
12.12.1 Company Overview
12.12.2 Financial
12.12.3 Products/ Services Offered
12.12.4 The SNS View
12.13 Synapse Wireless Inc
12.13.1 Company Overview
12.13.2 Financial
12.13.3 Products/ Services Offered
12.13.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Component
Hardware
Smart Bulb
Luminaire
Light Controls
Software
On-premises
Cloud
Services
Pre-sales
Post-sales
By Installation Type
New Installations
Retrofit Installations
By Technology
Wired Technology
Power Line Communication
Power Over Ethernet
DALI
Hybrid
Wireless Technology
Bluetooth
Zigbee
Wi-Fi
Enocean
LPWAN
Hybrid
By Application
Indoor Lighting
Residential
Commercial
Hospitality
Restaurants
Bars/Pubs
Cafes
Bistro
Others
Hotel
Recreation
Travel & Tourism
Others
Industrial
Outdoor Lighting
Highways & Roadways
Public Places
Bridges & Tunnels
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Livestock Identification Market Size was valued at USD 1.79 Billion in 2023 and is expected to reach USD 3.99 Billion by 2032 and grow at a CAGR of 9.77% over the forecast period 2024-2032.
The Near-Eye Display Market Size was valued at USD 2.0 billion in 2023 and will reach USD 12.8 billion by 2031 and grow at a CAGR of 26.0% by 2024-2031
Rugged Tablet Market size was valued at USD 0.84 Billion in 2023 and is expected to grow to USD 1.33 Billion by 2031 and grow at a CAGR of 5.83 % over the forecast period of 2024-2031.
The Automation Control Components and Devices Market Size was valued at USD 74.09 billion in 2023 and is expected to reach USD 197.35 billion by 2032 and grow at a CAGR of 11.5% over the forecast period 2024-2032.
Cable Blowing Equipment Market Size was valued at USD 102 million in 2022 and is expected to reach USD 158.92 Million by 2030, and grow at a CAGR of 5.7% over the forecast period 2023-2030
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