According to IMARC Group’s latest report, titled “Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, the global smart lighting market reached a value of US$ 10.8 Billion in 2020. Smart-lighting refers to a technology that enables efficient use of light resources with power-saving fixtures and offers automated controls. Smart-lighting products are mainly comprised of a wall keypad and touchscreen panel. The lightings can also be operated through a smartphone, tab, or laptop. Owing to these attributes, smart lighting system finds widespread application in commercial, industrial and residential sectors.
Request for a PDF sample of this report: https://www.imarcgroup.com/smart-lighting-market/requestsample
Consistently rising energy consumption, along with the growing demand for electricity across the globe, is primarily driving the market growth. Furthermore, consumers are also increasingly adopting smart lighting products due to their cost efficiency and remote accessibility through smartphones and voice-command features, which in turn is providing a positive outlook to the market. Besides this, Smart lighting serves as an essential tool in smart-city development since a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment. To combat this, governments across countries have started to equip existing tunnels, roads, and public areas with smart lighting equipment that works according to the occupancy and traffic on the road. All the above-mentioned factors are expected to further bolster the market growth in the coming years. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Philips Lighting
- Acuity Brands
- Osram
- Cree
- General Electric Company
- Eaton
- Honeywell
- Legrand
- Hubbell Lighting
- Zumtobel Group
- Hafele Group
- Lutron Electronics
- Wipro Consumer Care and Lighting
- Vision
- Virtual Extension
- Syska LED
Market Segmentation:
Breakup by Offering:
- Hardware
- Lights and Luminaires
- Lighting Controls
- Software
- Services
- Design and Engineering
- Installation
- Post-Installation
Breakup by Communication Technology:
- Wired Technology
- Wireless Technology
Breakup by Installation Type:
- New Installation
- Retrofit Installation
Breakup by Light Source:
- LED Lamps
- Fluorescent Lamps
- Compact Fluorescent Lamps
- High Intensity Discharge Lamps
- Others
Breakup by Application:
- Commercial
- Residential
- Public Infrastructure
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/smart-lighting-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Disconnect Switch Market: https://www.imarcgroup.com/disconnect-switch-market
Brushless DC Motors Market: https://www.imarcgroup.com/brushless-dc-motors-market
Smart Irrigation Market: https://www.imarcgroup.com/smart-irrigation-market
Terrestrial Laser Scanning Market: https://www.imarcgroup.com/terrestrial-laser-scanning-market
Ball Valves Market: https://www.imarcgroup.com/ball-valves-market
Transit Cards Market: https://www.imarcgroup.com/transit-cards-market
Egypt Led Lighting Market: https://www.imarcgroup.com/egypt-led-lighting-market
Consumer Network Attached Storage Market: https://www.imarcgroup.com/consumer-network-attached-storage-market
United States Probe Station Market: https://www.imarcgroup.com/united-states-probe-station-market
Automated Material Handling Equipment Market: https://www.imarcgroup.com/automated-material-handling-equipment-market
Led Lighting Market: https://www.imarcgroup.com/led-manufacturing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800