Smart Lighting Global Market Report 2020-30: Covid 19 Growth and Change
May 2020
200
About the Report
About the Report
Major players in the smart lighting market are Koninklijke Philips NV, Cree Inc., General Electricity Company, Acuity Brands Inc., Cisco Systems Inc., Eaton, Deco Lighting, Dialight, Honeywell Inc., and Osram Licht AG.
The global smart lighting market is expected to grow from USD 11.03 billion in 2019 and to USD 11.40 billion in 2020 at a growth rate of 3.36%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 18.58 billion in 2023 at CAGR of 17.69%.
The smart lighting market consists of sales of smart lighting products and services used as a lighting medium for ensuring energy efficiency. The use of sensors for instances like automatic light dimming or adjusting the brightness of light depending on the mood of the user is some of the features of smart lighting. A smart lighting system ensures high-cost savings and lower energy usage.
North America was the largest region in the smart lighting market in 2019.
In March 2020, Signify, headquartered in Netherland, specializing in LED lighting systems and services acquired Cooper Lighting for a deal amount of USD 1.4 billion on a cash and debt-free basis. The deal strengthens Signify's market positions in North America, with increased innovation power and more competitive offerings. Signify will focus on integrating Cooper Lighting and on delivering synergies. Cooper Lighting is headquartered in United States and specialises in professional lighting, lighting controls, and connected lighting.
The harmful effects of smart lights such as LEDs on health restricts the growth of smart lighting market. Smart lights such as LEDs uses shortwave light, often called cool in color. The prolonged continuous exposure to this light may damage the vision of a person. According to the French Agency for Food, Environmental and Occupational Health & Safety (ANSES)in 2019, the blue lights which is being used in households, offices, headlights, torches, toys and street lighting can damage the eye's retina while disturbing biological and sleep rhythms. The report also concluded that an increased exposure to the blue light emitted from LEDs increases the risk for age-related macular degeneration. Macular degeneration is an eye disease that can cause vision loss in adults. These harmful effects of LEDs on health negatively impacts the demand for the light emitting diode (LED), affecting the growth of smart lighting market.
The use of Li-fi (Light Fidelity) network is the latest trend in the general lighting market. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-fi bulbs are equipped with a small chip that modulates the light used for data transmission. The common household LED light bulbs are used to enable data transfer with speeds up to 224 gigabits per second. Keeping up with the trend, in 2018, VLNComm, a U.S based provider of Li-Fi technology, launched its LumiNex LED panel. LumiNex LED panel is a Li-Fi-enabled general lighting luminaire which is capable of providing 108Mbps download speed. In 2018, Philips, a Netherland based electrical provider, announced its own Li-Fi platform. The platform is being used by a French real estate investment company Lcade.
Supportive government initiatives in developed and emerging markets drive the growth of the smart lighting market across the globe. The emerging growth of the smart lighting market is supported by the rise in disposable incomes, regulatory restrictions in using energy-consuming lamps and the integration of advanced technologies. A smart lighting system ensures high-cost savings and lower energy costs. In the year 2015, the government of India launched UJALA (Unnat Jyoti by Affordable LEDs for All) in order to promote efficient use of energy at the residential level, enhance the awareness of consumers about the efficacy of using energy-efficient appliances. As of 6th March 2020, the UJALA scheme has distributed over 360 million total LED (light-emitting diode) bulbs saving over USD 2.8 billion (INR 18,801 crores). Therefore, supportive government initiatives boost the demand for smart lights thus driving the market for smart lighting.
Products
Products
1) By Product: Smart Bulbs; Fixtures; Lighting Controls 2) By Application: Commercial; Government; Residential; Others 3) By Light Source: LED; HID; Others 4) By Communication Technology: Wired; Wireless
Companies
Koninklijke Philips NV; Cree Inc.; General Electricity Company; Acuity Brands Inc.; Cisco Systems Inc.; Eaton; Deco Lighting; Dialight; Honeywell Inc.; Osram Licht AG; Legrand S.A.; Osram GmbH; Wipro Consumer Lighting (Wipro Limited); Syska; Zumbotel Group AG; Schneider Electric SA; Digital Lumens Inc.; Vision; Hubbell Lighting Inc.; Lutron Electronics Co. Inc.; Daintree Networks; Bridgelux; Echelon Corporation; Nualight Ltd.; Taolight Company Limited; Virtual Extension Ltd.; Acuity Brands, Inc.
Table of Contents
Table of Contents
1. Executive Summary
2. Smart Lighting Market Characteristics
3. Smart Lighting Market Size And Growth
3.1. Global Smart Lighting Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Smart Lighting Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Smart Lighting Market Segmentation
4.1. Global Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Smart Bulbs
Fixtures
Lighting Controls
4.2. Global Smart Lighting Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Commercial
Government
Residential
Others
4.3. Global Smart Lighting Market, Segmentation By Light Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
LED
HID
Others
4.4. Global Smart Lighting Market, Segmentation By Communication Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Wired
Wireless
5. Smart Lighting Market Regional And Country Analysis
5.1. Global Smart Lighting Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Smart Lighting Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Smart Lighting Market
6.1. Asia-Pacific Smart Lighting Market Overview
6.2. Asia-Pacific Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Smart Lighting Market
7.1. China Smart Lighting Market Overview
7.2. China Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Smart Lighting Market
8.1. India Smart Lighting Market Overview
8.2. India Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Smart Lighting Market
9.1. Japan Smart Lighting Market Overview
9.2. Japan Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Smart Lighting Market
10.1. Australia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Smart Lighting Market
11.1. Indonesia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Smart Lighting Market
12.1. South Korea Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Smart Lighting Market
13.1. Western Europe Smart Lighting Market Overview
13.2. Western Europe Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Smart Lighting Market
14.1. UK Smart Lighting Market Overview
14.2. UK Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Smart Lighting Market
15.1. Germany Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Smart Lighting Market
16.3. France Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Smart Lighting Market
17.1. Eastern Europe Smart Lighting Market Overview
17.2. Eastern Europe Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Smart Lighting Market
18.1. Russia Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Smart Lighting Market
19.1. North America Smart Lighting Market Overview
19.2. North America Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Smart Lighting Market
20.1. USA Smart Lighting Market Overview
20.2. USA Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Smart Lighting Market
21.1. South America Smart Lighting Market Overview
21.2. South America Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Smart Lighting Market
22.1. Brazil Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Smart Lighting Market
23.1. Middle East Smart Lighting Market Overview
23.2. Middle East Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Smart Lighting Market
24.1. Africa Smart Lighting Market Overview
24.2. Africa Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Smart Lighting Market Competitive Landscape And Company Profiles
25.1. Smart Lighting Market Competitive Landscape
25.2. Smart Lighting Market Company Profiles
25.2.1. Koninklijke Philips NV
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Cree Inc.
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. General Electricity Company
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Acuity Brands Inc.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Cisco Systems Inc.
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Smart Lighting Market
27. Smart Lighting Market Trends And Strategies
28. Smart Lighting Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Smart Lighting Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Smart Lighting Market, Segmentation By Light Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Smart Lighting Market, Segmentation By Communication Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Global Smart Lighting Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: Global Smart Lighting Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: Asia-Pacific, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: China, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: India, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Japan, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Australia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Indonesia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: South Korea, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Western Europe, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: UK, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Germany, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: France, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: Eastern Europe, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: Russia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: North America, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: USA, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: South America, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Brazil, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Middle East, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 27: Africa, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 28: Koninklijke Philips NV Financial Performance
Figure 29: Cree Inc. Financial Performance
Figure 30: General Electricity Company Financial Performance
Figure 31: Acuity Brands Inc. Financial Performance
Figure 32: Cisco Systems Inc. Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Smart Lighting Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Smart Lighting Market, Segmentation By Light Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Smart Lighting Market, Segmentation By Communication Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Global Smart Lighting Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: Global Smart Lighting Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: Asia-Pacific, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: China, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: India, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Japan, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Australia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Indonesia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: South Korea, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Western Europe, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: UK, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Germany, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: France, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: Eastern Europe, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: Russia, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: North America, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: USA, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: South America, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Brazil, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Middle East, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 27: Africa, Smart Lighting Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 28: Koninklijke Philips NV Financial Performance
Table 29: Cree Inc. Financial Performance
Table 30: General Electricity Company Financial Performance
Table 31: Acuity Brands Inc. Financial Performance
Table 32: Cisco Systems Inc. Financial Performance
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