Smart Lighting Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7428

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Published on

May 2020

Total pages

200

Table of Content

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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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