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Smart Lighting Market 2020 Analysis, Trends, Forecast up to 2027

Smart Lighting Market Overview 2020 – 2027

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The rising technology in Smart Lighting Market is also depicted in this research report. Factors that are boosting the growth of the market, and giving a positive push to thrive in the global market is explained in detail.

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Key Competitors of the Global Smart Lighting Market are: ,Philips Lighting,Osram,Acuity Brands,Cree,Eaton,General Electric (GE Current),Gooee,Hafele Group,Honeywell,Hubbell Lighting,Isotera,Ketra,Legrand,Leviton Manufacturing,Lifx,Lutron Electronics,Nualight Limited,Streetlight.Vision,Switchmate, Inc.,Syska LED,Tao Light,Virtual Extension,Wipro Consumer Care and Lighting,Zumtobel Group,,

Historical data available in the report elaborates on the development of the Smart Lighting on national, regional and international levels. Smart Lighting Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.

Major Product Types covered are:
Lights & Luminaires
Lighting Controls

Major Applications of Smart Lighting covered are:
Commercial Lighting

This study report on global Smart Lighting market throws light on the crucial trends and dynamics impacting the development of the market, including the restraints, drivers, and opportunities.

The fundamental purpose of Smart Lighting Market report is to provide a correct and strategic analysis of the Smart Lighting industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market.

Market Scenario:

The report further highlights the development trends in the global Smart Lighting market. Factors that are driving the market growth and fueling its segments are also analyzed in the report. The report also highlights on its applications, types, deployments, components, developments of this market.

Highlights following key factors:

:- Business description – A detailed description of the company’s operations and business divisions.
:- Corporate strategy – Analyst’s summarization of the company’s business strategy.
:- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
:- Company history – Progression of key events associated with the company.
:- Major products and services – A list of major products, services and brands of the company.
:- Key competitors – A list of key competitors to the company.
:- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
:- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.

Our report offers:

– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.

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Smart Lighting Market is projected to reach USD 80.9 Billion by 2030, growing at an annualized rate of 22.3%, claims Roots Analysi

Increasing demand for energy efficient lighting solutions and growing number of smart city projects across the globe are amongst the key drivers behind the evolution of the smart lighting market

Roots Analysis has announced the addition of Smart Lighting Market, 2019-2030 report to its list of offerings.

Key industry players and regional governments are working together to implement energy efficient lighting solutions to meet the goal of Paris Agreement 2015.

To order this 100+ page report, which features 80+ figures and 70+ tables, please visit this link

Key Market Insights 

Hardware segment is expected to capture about three-fifth of the overall market share by 2030
This segment is likely to be driven by the increased adoption of smart lighting lamps across the residential, commercial and industrial users. Further, smart LED lamps are anticipated to grow at a relatively faster rate (28.4%) during the forecasted period.

On cloud software is expected to grow at an estimated CAGR of 23.1% during the forecast period
Cloud based software solutions help the users to remotely monitor, update and maintain the lighting systems from their preferred devices (phone / laptop / tablet / desktop) at all times.

Wi-Fi is amongst the most popular technologies and is witnessing a relatively higher adoption 
Wi-Fi based smart lighting products are popular for indoor lighting applications, such as for home, office, hospitals, and hotels. Ubiquity, ease of connection and user familiarity are some of the key factors that are likely to aid the growth of the Wi-Fi based smart lighting solutions.

By 2030, North America and Europe are anticipated to capture over 70% of the market share
This can be attributed to increased adoption of energy efficient lighting systems in order to reduce electricity bills in these regions. It is also worth highlighting that the market is experiencing significant growth in the Middle Eastern and Latin American regions due to the various initiatives of regional governments to drive the use of such systems.

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Key Questions Answered

  • What are the prevalent trends within the smart lighting market?
  • What are the market dynamics?
  • Who are the key players within the smart lighting market?
  • What are the key growth strategies being adopted by players?
  • How is the current and future market opportunity likely to be distributed across key market segments?

The USD 80.9 billion (by 2030) financial opportunity within the global smart lighting market has been analyzed across the following segments:
By Hardware 

  • Type of Lamps
    • LED lamps
    • Fluorescent lamps
    • CFL
    • HID lamps
  • Type of Components
    • Sensors
    • Controllable Breaker
    • Relays

By Software  

  • On-Premise
  • On Cloud

By Technology 

  • Wi-Fi
  • Bluetooth
  • ZigBee
  • EnOcean
  • Others
    • Power Line Communication (PLC)
    • Power Over Ethernet (POE)

By End Users

  • Residential
  • Commercial
  • Industrial

By Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Poland
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Australia
    • Rest of Asia-Pacific
  • Rest of World (RoW)
    • Africa
    • Middle East
    • Latin America

The research covers profiles of key players that offer smart lighting products:

  • Signify (Philips Lighting)
  • Eaton
  • Honeywell
  • Osram
  • Cree
  • GE Lighting
  • Acuity Brand
  • Zumbotel
  • Hubbel
  • Lutron Electronics

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Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
[email protected]