Smart lighting incorporates many technologies so that either indoor or outdoor lights will work automatically under certain conditions. The system contains software that connects to an app, smart home assistant, or other smart accessory so people can automate lights or control them remotely, eliminating the need for traditional wall switches. According to latest analysis by Gen Consulting Company, the global smart lighting market is poised to grow by USD 27 billion during 2022-2028, progressing at a CAGR of 17.7% during the forecast period.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global smart lighting market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the smart lighting industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, technology, end user, and region. The global market for smart lighting can be segmented by product: fixtures, controls and sensors, others. Among these, the fixtures segment was accounted for the highest revenue generator in 2021. Smart lighting market is further segmented by technology: wireless, wired. Wired was the highest contributor to the global smart lighting market. Going forward, the wireless segment is projected to witness the highest CAGR during the forecast period. Based on end user, the smart lighting market is segmented into: architectural, educational, healthcare, hospitality, industrial, residential, retail, others. On the basis of region, the smart lighting market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By product:
– fixtures
– controls and sensors
– others

By technology:
– wireless
– wired

By end user:
– architectural
– educational
– healthcare
– hospitality
– industrial
– residential
– retail
– others

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The fixtures market is further segmented into plasma, HID, LED, CFL, others. Furthermore, the controls and sensors market has been categorized into ballasts and led drivers, microprocessors and controllers, wireless transmitters and receivers, sensors, others.

The report has also analysed the competitive landscape of the global smart lighting market with some of the key players being Acuity Brands, Inc., Enlighted Inc, General Electric Company, Helvar Oy Ab, Honeywell International Inc., Hubbell Incorporated, IDEAL Industries, Inc. (Cree Lighting), Legrand S.A., Leviton Manufacturing Company, Inc., LIFX (LiFi Labs Inc.), LSI Industries Inc., Lutron Electronics Company, Inc., Nanoleaf Canada Ltd., Osram Licht AG, Schreder S.A., Sengled Optoelectronics Co., Ltd., Signify N.V., Snap One, LLC, Syska Led Lights Pvt Ltd, TP-Link Technologies Co., Ltd., Wipro Enterprises (P) Limited, Zumtobel Group AG, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global smart lighting market.
– To classify and forecast the global smart lighting market based on product, technology, end user, region.
– To identify drivers and challenges for the global smart lighting market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global smart lighting market.
– To identify and analyze the profile of leading players operating in the global smart lighting market.

Why Choose This Report
– Gain a reliable outlook of the global smart lighting market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.