Smart Lighting Market Share Growth, Insights, Industry Analysis, Trends, And Forecasts Report 2028

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    Global Smart Lighting Market Forecast to 2028

    The Global Smart Lighting Market research report is a complete study that summarizes the most recent changes and advancements in the Smart Lighting industry, with 2018 acting as the base year and the forecast year being 2021–2028. The analysis provides useful details on the market's size, share, sales channels, distribution system, market segmentation, consumer needs, industry trends, and potential for future growth. The research also looks at both global and regional market growth. The paper examines the COVID-19 pandemic's implications for the market for Smart Lighting and its key segments.

    The global smart lighting market size is expected to reach USD 45.47 Billion at a steady revenue CAGR of 19.7% in 2028, according to the latest analysis by Emergen Research. The increasing popularity of smart lights, the wide acceptability of standard protocols for lighting control systems, and the increasing use of LED lights and luminaires in outdoor lighting are driving market revenue growth.

    Smart lighting is a lighting technology based primarily on increasing energy efficiency and is also designed with features and functionalities to enhance convenience and security, among others. Smart lights can be controlled remotely with smartphone applications. This makes it trendy and gives it significant novelty in businesses and homes worldwide. It is highly energy efficient, comprises self-operating controls, and comes with exceptionally efficient fixtures that can be modified according to occupancy and external lighting.

    Various industries, sectors, and companies are using smart lights as a potential feature for decoration, security, and other advantages and benefits. Due to this, rapid growth in the smart lighting market is evident. Factors like the vast range of products, alternative availability of light sources, wide area of applicability, including indoor lights and outdoor light applications, and wired and wireless communication technology are currently boosting the revenue growth of the global smart lighting market.

    Download Free Sample Report of Global Smart Lighting Market @

    Competitive Landscape:

    Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

    Key Companies Profiled in the Report:

    Acuity Brands, Signify Holding, Honeywell International Inc., Itron Inc., Ideal Industries, Inc., Häfele GmbH & Co KG, Wipro Consumer Lighting, YEELIGHT, Sengled Optoelectronics Co., Ltd., Verizon, Häfele GmbH & Co KG

    Market Dynamics:

    The report offers insightful information about the market dynamics of the Smart Lighting market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Smart Lighting market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Smart Lighting market.

    Radical Highlights of the Smart Lighting Market Report:

    Comprehensive overview of the Smart Lighting market along with analysis of the changing dynamics of the market

    Growth Assessment of various market segments throughout the forecast period

    Regional and global analysis of the market players, including their market share and global position

    Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

    Impact of the technological developments and R&D advancements on the Smart Lighting market

    Information about profit-making strategies and developmental strategies of major companies and manufacturers

    Insightful information for the new entrants willing to enter the market

    Details and insights about business expansion strategies, product launches, and other collaborations

    The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

    Browse Full Report Description + Research Methodology + Table of Content + Infographics , visit @

    Some Key Highlights from the Report

    In August 2021, Signify launched new range of Philips Smart Wi-Fi lights in India. With this it expanded its Phillips Smart Wi-Fi ecosystem in India under Wiz Smart Light Range. The portfolio also includes a new smart LED downlighter, T-Bulb, T-Beamer, and Batten in addition.

    Hardware segment accounted for a significant revenue share in 2020. A majority of industries acknowledge the benefits earned by the use of smart light bulbs and fixtures which can switch shades, dim lights with a remote controller such as tablets, Alexa device, and smartphones among others. This has resulted in high preference for hardware among end-use industries.

    LED light sources segment accounted for a significantly robust revenue share in 2020 due to higher preference and benefits such as long lifespan and energy efficiency, which helps in improving its environmental impact and most importantly low voltage operation.

    Wireless receivers and transmitter segment accounted for a moderately robust revenue share in 2020, as these products are gaining gradual popularity due flexibility, versatility, and cost effectiveness.

    North America registered highest revenue growth in 2020 due to rising demand for smart lights at different sectors in countries in this region. Emergence of smart city projects is also contributing to market revenue growth.

    Smart Lighting Market Segmentation:

    Market Overview:

    The report bifurcates the Smart Lighting market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

    Segments Covered in this report are:

    Component Outlook (Revenue, USD Billion; 2018–2028)




    Light Source Outlook (Revenue, USD Billion; 2018–2028)

    LED Light Source

    HID Light Source

    Fluorescent Light Source

    Type Outlook (Revenue, USD Billion; 2018–2028)

    Smart Bulbs


    Lighting Control


    Microcontroller and Microprocessors

    Wireless Receivers and Transmitters


    Regional Segmentation;

    North America (U.S., Canada)

    Europe (U.K., Italy, Germany, France, Rest of EU)

    Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

    Latin America (Chile, Brazil, Argentina, Rest of Latin America)

    Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

    In conclusion, the Smart Lighting Market report is an exhaustive database that will help readers formulate lucrative strategies. The Smart Lighting Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

    How will this Report Benefit you?

    A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Smart Lighting market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Smart Lighting with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

    Request Customization as per your specific requirement @

    Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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    About Us:

    Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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