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Worldwide Smart LED Lighting Industry to 2026 - Compatibility With Home Controlling AI Devices Presents Opportunities

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Dublin, Nov. 17, 2021 (GLOBE NEWSWIRE) -- The "Smart LED Lighting Market Research Report by Technology, Product, Distribution Channel, Application, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Smart LED Lighting Market size was estimated at USD 2,786.45 million in 2020, is expected to reach USD 3,198.46 million in 2021, and projected to grow at a CAGR of 15.12% reaching USD 6,487.17 million by 2026.

Market Statistics

The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Market Segmentation & Coverage

This research report categorizes the Smart LED Lighting to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Technology, the market was studied across Wired and Wireless. The Wireless is further studied across 6LoWPAN, Bluetooth, EnOcean, Wi-Fi, and ZigBee.

  • Based on Product, the market was studied across Service and Solution.

  • Based on Distribution Channel, the market was studied across Offline and Online.

  • Based on Application, the market was studied across Commercial and Residential.

  • Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Smart LED Lighting Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Smart LED Lighting Market, including ABB Limited, Acuity Brands Inc., Bajaj Electricals Ltd., Bridgelux, Inc., Crompton Greaves Consumer Electricals Limited, Eaton Corporation PLC, Efftronics Systems Pvt. Ltd, Eveready Industries India Ltd., Havells India Ltd, IDEAL INDUSTRIES, INC, Illuminations and Energy Solutions Pvt Ltd, Koninklijke Philips N.V., Lifi Labs, Inc., MinebeaMitsumi Inc., OSRAM GmbH, SEK Electricals Pvt. Ltd, Shanghai edge light industry co., Ltd, Shenzhen UVLED Optical Technology Co,. Ltd., SSK Group, The Motwane Manufacturing Company Pvt. Ltd, TVILIGHT B.V., and Wipro Limited.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Smart LED Lighting Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart LED Lighting Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart LED Lighting Market?
4. What is the competitive strategic window for opportunities in the Global Smart LED Lighting Market?
5. What are the technology trends and regulatory frameworks in the Global Smart LED Lighting Market?
6. What is the market share of the leading vendors in the Global Smart LED Lighting Market?
7. What modes and strategic moves are considered suitable for entering the Global Smart LED Lighting Market?

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19

5. Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Convenience coupled with the potential to save energy and low maintenance
5.2.2. No heat emission with improved environmental performance
5.2.3. Flexibility to offer customization with LED
5.3. Restraints
5.3.1. Lack of standardization
5.4. Opportunities
5.4.1. Advance features such as color as per mood and appearance as per the decor
5.4.2. Compatible with home controlling AI devices
5.5. Challenges
5.5.1. Limited adaptability due to required knowledge of technology

6. Smart LED Lighting Market, by Technology
6.1. Introduction
6.2. Wired
6.3. Wireless
6.3.1. 6LoWPAN
6.3.2. Bluetooth
6.3.3. EnOcean
6.3.4. Wi-Fi
6.3.5. ZigBee

7. Smart LED Lighting Market, by Product
7.1. Introduction
7.2. Service
7.3. Solution

8. Smart LED Lighting Market, by Distribution Channel
8.1. Introduction
8.2. Offline
8.3. Online

9. Smart LED Lighting Market, by Application
9.1. Introduction
9.2. Commercial
9.3. Residential

10. Americas Smart LED Lighting Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Smart LED Lighting Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand

12. Europe, Middle East & Africa Smart LED Lighting Market
12.1. Introduction
12.2. France
12.3. Germany
12.4. Italy
12.5. Netherlands
12.6. Qatar
12.7. Russia
12.8. Saudi Arabia
12.9. South Africa
12.10. Spain
12.11. United Arab Emirates
12.12. United Kingdom

13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.1.1. Quadrants
13.1.2. Business Strategy
13.1.3. Product Satisfaction
13.2. Market Ranking Analysis
13.3. Market Share Analysis, by Key Player
13.4. Competitive Scenario
13.4.1. Merger & Acquisition
13.4.2. Agreement, Collaboration, & Partnership
13.4.3. New Product Launch & Enhancement
13.4.4. Investment & Funding
13.4.5. Award, Recognition, & Expansion

14. Company Usability Profiles
14.1. ABB Limited
14.2. Acuity Brands Inc.
14.3. Bajaj Electricals Ltd.
14.4. Bridgelux, Inc.
14.5. Crompton Greaves Consumer Electricals Limited
14.6. Eaton Corporation PLC
14.7. Efftronics Systems Pvt. Ltd.
14.8. Eveready Industries India Ltd.
14.9. Havells India Ltd.
14.10. IDEAL INDUSTRIES, INC
14.11. Illuminations and Energy Solutions Pvt Ltd.
14.12. Koninklijke Philips N.V.
14.13. Lifi Labs, Inc.
14.14. MinebeaMitsumi Inc.
14.15. OSRAM GmbH
14.16. SEK Electricals Pvt. Ltd.
14.17. Shanghai edge light industry co., Ltd.
14.18. Shenzhen UVLED Optical Technology Co,. Ltd.
14.19. SSK Group
14.20. The Motwane Manufacturing Company Pvt. Ltd.
14.21. TVILIGHT B.V.
14.22. Wipro Limited

15. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/k43fva

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