Dublin, April 06, 2021 (GLOBE NEWSWIRE) -- The "Smart Lighting Market - A Global Market and Regional Analysis: Focus on Smart Lighting Product and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 Period - Analysis and Forecast, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
The increasing worldwide demand for energy is responsible for a rise in energy prices, tight energy supplies, and growing anxiety about climate change and related liabilities. The lighting segment consumes most of the electricity in residential, commercial, and industrial sectors. Lighting accounts for 15% of total electricity consumption and 5% of total greenhouse gas emissions worldwide.
The future global economy is expected to consume more energy resources, especially with the growing energy demand from developing countries, such as China and India. Additionally, the risk of climate change associated with the use of fossil fuels has made the supply of energy increasingly difficult. Amidst the increasing energy demand and environmental concern, smart lighting systems are gaining popularity and are expected to grow at a noteworthy rate in the coming years. With the installation of the smart lighting system in a building, 50% of energy costs can be saved, enhancing the productivity and comfort of the user.
The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The global smart lighting market report is a compilation of different segments, including market breakdown by component type, application, technology, region, and country.
The global smart lighting market, based on component type, has been categorized into fixture and control. The fixture category is expected to maintain its dominance during the forecast period. Further, the fixtures are subcategorized into key products - compact fluorescent lights (CFL), light-emitting diode (LED), organic light-emitting diode (OLED), high-intensity discharge (HID) lamps, and plasma lamps. The control category is further subcategorized into sensors, microprocessors and controllers, dimmers and switches, wireless transmitters and receivers, and ballasts and LED drivers
The global smart lighting market, by technology, has been categorized into wired and wireless technology. The wired segment dominated the global smart lighting market in 2020 and is expected to maintain its dominance through the forecast period.
Based on application, the global smart lighting market is categorized into residential, commercial, industrial, outdoor, and automotive. Smart lighting has maximum usage in residential applications. The increasing number of smart homes coupled with customization benefits are pushing the growth of the global smart lighting market in residential applications.
Based on the region, the global smart lighting market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, South America, and the Middle East and Africa. Each region is segmented into countries. Data for each of these regions and countries is provided by the application, component type, and technology.
The global smart lighting market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, product launch is the popular choice of the strategy implemented in the smart lighting market. Some of the most prominent ecosystem players are Acuity Brands Inc., ams AG, CommScope Holding Company Inc., Control4 Corporation, General Electric Company, Honeywell International Inc., NXP Semiconductors NV, OSRAM Licht AG, Koninklijke Philips N.V., and Zumtobel Group AG.
Key Companies Profiled
Acuity Brands Inc., ams AG, CommScope Holding Company Inc., Control4 Corporation, General Electric Company, Honeywell International Inc., NXP Semiconductors NV, OSRAM Licht AG, Signify (Philips Lighting), and Zumtobel Group AG
Key Questions Answered in this Report:
What is the global smart lighting market size in terms of volume and revenue from 2019 to 2025?
How is the industry expected to evolve during the forecast period 2021-2025?
What has been the impact of COVID-19 on the smart lighting market?
Which region will lead the global smart lighting market by 2025?
Which application will lead the global smart lighting market by 2025?
What are the driving factors for the global smart lighting market from 2019 to 2025?
What are the underlying structures resulting in the emerging trends within the smart lighting market?
Which factors are impeding the growth of the global smart lighting market?
What is the role of governments regarding environmental issues and safety changing the landscape of the smart lighting market?
What are the growth opportunities and critical success factors for participants to compete in this market?
Who are the leading players in the global smart lighting market along with their ranking?
What are the key developmental strategies implemented by the key players to sustain in the competitive market?
Key Topics Covered:
1.1 Industry Outlook
1.2 Business Dynamics
1.2.1 Business Drivers
126.96.36.199 Prevailing Issue of Global Energy Crisis Supporting the Adoption of Smart Lighting
188.8.131.52 Increasing Trend of Smart Homes Along with Customization Benefits Supports Smart Lighting Market
184.108.40.206 Continually Declining Average Selling Price (ASP) of LED Bulbs
220.127.116.11 Development of Smart Cities
1.2.2 Business Challenges
18.104.22.168 Security and Privacy Concerns
22.214.171.124 Design Challenges with LED Usage
126.96.36.199 Consumers Have to Bear High Replacement Costs from Existing Solutions to Smart Lighting
188.8.131.52 Lack of Standards and the Associated Interoperability Issues
1.2.3 Business Opportunities
184.108.40.206 Advancement in Lighting Control
220.127.116.11 The Integration of Physical Security Industry with Smart Lighting
18.104.22.168 Changing Paradigm of Lighting Industry to Electronics Industry
22.214.171.124 Adding Voice Control Feature to the Upcoming Products
126.96.36.199 Consumer Awareness for Energy Conservation
2.1 Application and Specification
2.2 Demand Analysis of Smart Lighting Market (by Application)
3.1 Global Smart Lighting Market: Components and Specifications
3.2 Global Smart Lighting Market: Technology and Specifications
3.3 Demand Analysis of Smart Lighting Market (by Component)
3.4 Demand Analysis of Global Smart Lighting Market (by Technology)
4.1 North America
4.2 Latin America
4.5 Middle East and Africa
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Company Profile
5.2.1 Acuity Brands Inc.
188.8.131.52 Company Overview
184.108.40.206.1 Role of Acuity Brands Inc. in Global Smart Lighting Market
220.127.116.11.2 Product Portfolio
18.104.22.168 Business Strategies
22.214.171.124.1 Product Developments
126.96.36.199 Corporate Strategies
188.8.131.52.1 Partnership and Collaboration
184.108.40.206.2 Mergers & Acquisitions
220.127.116.11 R&D Analysis
5.2.2 ams AG
18.104.22.168 Company Overview
22.214.171.124.1 Product Portfolio
126.96.36.199 Business Strategies
188.8.131.52.1 Product Developments
184.108.40.206 Corporate Strategies
220.127.116.11.1 Mergers and Acquisitions
18.104.22.168 R&D Analysis
5.2.3 CommScope Holding Company Inc.
22.214.171.124 Company Overview
126.96.36.199.1 Product Portfolio
188.8.131.52 R&D Analysis
5.2.4 Control4 Corporation
184.108.40.206 Company Overview
220.127.116.11.1 Product Portfolio
18.104.22.168 Business Strategies
22.214.171.124.1 Product Developments
126.96.36.199.2 Market Developments
188.8.131.52 Corporate Strategies
184.108.40.206.1 Merger and Acquisition
220.127.116.11 R&D Analysis
5.2.5 General Electric Company
18.104.22.168 Company Overview
22.214.171.124.1 Role of General Electric Company in Smart Lighting Market
126.96.36.199.2 Product Portfolio
188.8.131.52 Business Strategies
184.108.40.206.1 Product Developments
220.127.116.11 Corporate Strategies
18.104.22.168.1 Partnership and Collaboration
22.214.171.124 R&D Analysis
5.2.6 Honeywell International Inc.
126.96.36.199 Company Overview
188.8.131.52.1 Product Portfolio
184.108.40.206 Business Strategies
220.127.116.11.1 Product Developments
18.104.22.168.2 Market Developments
22.214.171.124 Corporate Strategies
126.96.36.199.1 Partnership and Collaboration
188.8.131.52.2 Mergers & Acquisitions
184.108.40.206 R&D and Patent Analysis
5.2.7 NXP Semiconductors NV
220.127.116.11 Company Overview
18.104.22.168.1 Product Portfolio
22.214.171.124 Business Strategies
126.96.36.199.1 Product Developments
188.8.131.52 Corporate Strategies
184.108.40.206.1 Mergers & Acquisitions
220.127.116.11 R&D Analysis
5.2.8 OSRAM Licht AG
18.104.22.168 Company Overview
22.214.171.124.1 Role of OSRAM Licht AG in Smart Lighting Market
126.96.36.199.2 Product Portfolio
188.8.131.52 Business Strategies
184.108.40.206.1 Product Developments
220.127.116.11.2 Market Developments
18.104.22.168 Corporate Strategies
22.214.171.124.1 Mergers & Acquisitions
126.96.36.199 R&D Analysis
5.2.9 Signify Holding (Philips Lighting)
188.8.131.52 Company Overview
184.108.40.206.1 Role of Signify Holding (Philips Lighting) in Smart Lighting Market
220.127.116.11.2 Product Portfolio
18.104.22.168 Business Strategies
22.214.171.124.1 Product Developments
126.96.36.199.2 Market Developments
188.8.131.52 Corporate Strategies
184.108.40.206.1 Partnership and Collaboration
220.127.116.11 R&D Analysis
5.2.10 Zumtobel Group AG
18.104.22.168 Company Overview
22.214.171.124.1 Role of Zumtobel Group AG in Smart Lighting Market
126.96.36.199.2 Product Portfolio
188.8.131.52 Business Strategies
184.108.40.206.1 Product Developments
220.127.116.11.2 Market Developments
18.104.22.168 Corporate Strategies
22.214.171.124.1 Partnership and Collaboration
126.96.36.199.2 Mergers & Acquisitions
5.2.11 Daintree Networks
188.8.131.52 Company Overview
184.108.40.206.1 Role of Daintree Networks in Smart Lighting Market
220.127.116.11.2 Product Portfolio
18.104.22.168 Corporate Strategies
22.214.171.124.1 Partnership and Collaboration
5.2.12 Digital Lumens, Inc.
126.96.36.199 Company Overview
188.8.131.52.1 Role of Digital Lumens, Inc. in Smart Lighting Market
184.108.40.206.2 Product Portfolio
220.127.116.11 Business Strategies
18.104.22.168.1 Product Developments
22.214.171.124 Corporate Strategies
126.96.36.199.1 Partnership and Collaboration
5.2.13 Legrand S.A.
188.8.131.52 Company Overview
184.108.40.206.1 Role of Legrand S.A. in Smart Lighting Market
220.127.116.11.2 Product Portfolio
18.104.22.168 Business Strategies
22.214.171.124.1 Product Developments
126.96.36.199 Corporate Strategies
188.8.131.52.1 Partnership and Collaboration
184.108.40.206.2 Mergers & Acquisitions
220.127.116.11 R&D Analysis
5.2.14 Leviton Manufacturing Co., Inc.
18.104.22.168 Company Overview
22.214.171.124.1 Role of Leviton Manufacturing Co., Inc. in Smart Lighting Market
126.96.36.199.2 Product Portfolio
188.8.131.52 Business Strategies
184.108.40.206.1 Product Developments
220.127.116.11.2 Market Developments
18.104.22.168.3 Mergers & Acquisitions
5.2.15 Lutron Electronics Co., Inc.
22.214.171.124 Company Overview
126.96.36.199.1 Role of Lutron Electronics Co., Inc. in Smart Lighting Market
188.8.131.52.2 Product Portfolio
184.108.40.206 Business Strategies
220.127.116.11.1 Product Developments
6 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/cpo6p4
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