Dublin, May 04, 2022 (GLOBE NEWSWIRE) -- The "Smart Lighting Market Share, Size, Trends, Industry Analysis Report, By Type, By Communication Technology, By Application, By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global smart lighting market size is expected to reach USD 38.56 billion by 2028 according to a new study. The report "Smart Lighting Market Share, Size, Trends, Industry Analysis Report, By Type, By Communication Technology, By Application, By Regions; Segment Forecast, 2021 2028" gives a detailed insight into the current market dynamics and provides analysis on future market growth.
The major factors accountable for the market growth include the rise in focus on integrating advanced communication technologies and lighting systems, the surging need for energy-efficient LED technology to replace inferior compact fluorescent or halogen lighting technologies, and significant steps undertook by the government and private organization towards intelligent infrastructure.
Further, intelligent lighting can be controlled via voice assistant technologies, such as Google Assistant, Apple's Siri, Microsoft's Cortana, or Amazon's Alexa. These broad ranges of features aside from illumination as well as growing demand for IoT devices and intelligent assistant platforms have created significant growth aven- U.S for the intelligent lighting market.
Based on the type segment, the motion-sensing lights segment is expected to witness considerable CAGR in the global industry during the foreseen period. The is due to the extensive adoption of intelligent home infrastructure projects, as it facilitates the end-users an improved level of security and reduces energy consumption by turning off lights automatically when no motion is identified.
Europe is accounting for the leading position in terms of market share worldwide, owing to the rapid rise in the adoption of intelligent and green lighting solutions due to growing concern towards environmental safety and the significant presence of intelligent lighting solution-based industry vendors in the region. Whereas Asia-Pacific is projected to register the highest growth rate/CAGR during the forecast period of 2021-2028.
Market participants such as Acuity Brands, Hafele GmbH & Co KG, GE current, Helvar, Ideal Industries, Honeywell International, Itron Inc., LightwaveRF, LG Electronics, Lutron Electronics Company, RAB Lighting Inc., Panasonic Corporation, Schneider Electric, Signify Holding, YEELIGHT, Sengled Optoelectronics, Syska, Wipro Consumer Lighting, Verizon, and Zumtobel group ag. are some of the key players operating in the global market.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Smart Lighting Market Insights
4.1. Smart Lighting - Industry snapshot
4.2. Smart Lighting Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Smart cities projects
4.2.1.2. Innovations in the sector
4.2.2. Restraints and Challenges
4.2.2.1. Procedural constraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Smart Lighting Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Smart Lighting Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Smart Lighting Market, by Type, 2016 - 2028 (USD Billion)
5.3. Smart Light Bulb
5.3.1. Global Smart Lighting Market, by Smart Light Bulb, By Region, 2016 - 2028 (USD Billion)
5.4. Smart Lights Connected with Hubs
5.4.1. Global Smart Lighting Market, by Smart Lights Connected with Hubs, by Region, 2016 - 2028 (USD Billion)
5.5. Motion Sensing Lights
5.5.1. Global Smart Lighting Market, by Motion Sensing Lights, by Region, 2016 - 2028 (USD Billion)
6. Smart Lighting Market Assessment by Communication Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Smart Lighting Market, by Communication Technology, 2016 - 2028 (USD Billion)
6.3. Wi-Fi
6.3.1. Global Smart Lighting Market, by Wi-Fi, by Region, 2016 - 2028 (USD Billion)
6.4. Bluetooth
6.4.1. Global Smart Lighting Market, by Bluetooth, by Region, 2016 - 2028 (USD Billion)
6.5. Zig-Bee
6.5.1. Global Smart Lighting Market, by Zig-Bee, by Region, 2016 - 2028 (USD Billion)
6.6. Others
6.6.1. Global Smart Lighting Market, by Others, by Region, 2016 - 2028 (USD Billion)
7. Smart Lighting Market Assessment by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Smart Lighting Market, by Application, 2016 - 2028 (USD Billion)
7.3. Industrial
7.3.1. Global Smart Lighting Market, by Industrial, by Region, 2016 - 2028 (USD Billion)
7.4. Commercial
7.4.1. Global Smart Lighting Market, by Commercial, by Region, 2016 - 2028 (USD Billion)
7.5. Residential
7.5.1. Global Smart Lighting Market, by Residential, by Region, 2016 - 2028 (USD Billion)
8. Smart Lighting Market Assessment by Geography
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Acuity Brands
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Communication Technology Benchmarking
10.1.4. Recent Development
10.2. GE current
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Communication Technology Benchmarking
10.2.4. Recent Development
10.3. Hafele GmbH & Co KG
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Communication Technology Benchmarking
10.3.4. Recent Development
10.4. Helvar
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Communication Technology Benchmarking
10.4.4. Recent Development
10.5. Honeywell International
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Communication Technology Benchmarking
10.5.4. Recent Development
10.6. Ideal Industries
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Communication Technology Benchmarking
10.6.4. Recent Development
10.7. Itron Inc.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Communication Technology Benchmarking
10.7.4. Recent Development
10.8. LG Electronics
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Communication Technology Benchmarking
10.8.4. Recent Development
10.9. LightwaveRF
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Communication Technology Benchmarking
10.9.4. Recent Development
10.10. Lutron Electronics Company
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Communication Technology Benchmarking
10.10.4. Recent Development
10.11. Panasonic Corporation
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Communication Technology Benchmarking
10.11.4. Recent Development
10.12. RAB Lighting Inc.
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Communication Technology Benchmarking
10.12.4. Recent Development
10.13. Schneider Electric
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Communication Technology Benchmarking
10.13.4. Recent Development
10.14. Sengled Optoelectronics
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Communication Technology Benchmarking
10.14.4. Recent Development
10.15. Signify Holding
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Communication Technology Benchmarking
10.15.4. Recent Development
10.16. Syska
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Communication Technology Benchmarking
10.16.4. Recent Development
10.17. Verizon
10.17.1. Company Overview
10.17.2. Financial Performance
10.17.3. Communication Technology Benchmarking
10.17.4. Recent Development
10.18. Wipro Consumer Lighting
10.18.1. Company Overview
10.18.2. Financial Performance
10.18.3. Communication Technology Benchmarking
10.18.4. Recent Development
10.19. YEELIGHT
10.19.1. Company Overview
10.19.2. Financial Performance
10.19.3. Communication Technology Benchmarking
10.19.4. Recent Development
10.20. Zumtobel group ag
10.20.1. Company Overview
10.20.2. Financial Performance
10.20.3. Communication Technology Benchmarking
10.20.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/47hvvf
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