{"product_id":"smart-lighting-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028","description":"\u003cp\u003eSmart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028\u003cbr\u003e\nThe global smart lighting market size reached US$ 13.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2028, exhibiting a growth rate (CAGR) of 20.1% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eSmart-lighting is a technology designed for efficient use of light resources with power saving fixtures and automated controls. This enables the user to adjust ambient lighting depending upon the occupancy or daylight availability. Smart-lighting products have applications in commercial, industrial and residential sectors and usually consists of a wall keypad and touchscreen panel. The lightings are also accessible through a smartphone application, making them easily controllable. Additionally, smart lighting systems enable users to change the colour and brightness of fixtures from anywhere around the globe. Smart lighting are an essential tool in smart-city development, since globally a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment.\u003c\/p\u003e\n\n\u003cp\u003eThe growth of the global smart-lighting market is primarily driven by the high demand of energy efficient lighting systems that provide better illumination while consuming less power. Additionally, factors such as modernization and development of infrastructure has facilitated the transformation of cities into smart-cities that has supported the growth of the smart lighting market. Individuals living in urban sectors prefer to invest in modular and intelligent lighting solutions instead of buying high-energy consuming lights. Moreover, the growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market. Global plans for pooling lighting network with low power consuming sensors and lowering costs of previously expensive LEDs has also led to the market growth. Moreover, as a result of declining prices, smart-lights have also become affordable to the general population.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global smart lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, communication technology, installation type, light source and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Offering:\u003c\/p\u003e\n\n\u003cp\u003eHardware\u003cbr\u003e\nLights and Luminaires\u003cbr\u003e\nLighting Controls\u003cbr\u003e\nSoftware\u003cbr\u003e\nServices\u003cbr\u003e\nDesign and Engineering\u003cbr\u003e\nInstallation\u003cbr\u003e\nPost-Installation\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Communication Technology:\u003c\/p\u003e\n\n\u003cp\u003eWired Technology \u003cbr\u003e\nWireless Technology \u003cbr\u003e\n \u003cbr\u003e\nBreakup by Installation Type:\u003c\/p\u003e\n\n\u003cp\u003eNew Installation\u003cbr\u003e\nRetrofit Installation \u003cbr\u003e\n \u003cbr\u003e\nBreakup by Light Source:\u003c\/p\u003e\n\n\u003cp\u003eLED Lamps\u003cbr\u003e\nFluorescent Lamps\u003cbr\u003e\nCompact Fluorescent Lamps\u003cbr\u003e\nHigh Intensity Discharge Lamps\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eCommercial\u003cbr\u003e\nResidential\u003cbr\u003e\nPublic Infrastructure\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe report has also analysed the competitive landscape of the market with some of the key players being Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension, Syska LED, etc.\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group’s latest report provides a deep insight into the global smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart lighting market in any manner.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the size of the global smart lighting market in 2022?\u003cbr\u003e\n2. What is the expected growth rate of the global smart lighting market during 2023-2028?\u003cbr\u003e\n3. What are the key factors driving the global smart lighting market?\u003cbr\u003e\n4. What has been the impact of COVID-19 on the global smart lighting market?\u003cbr\u003e\n5. What is the breakup of the global smart lighting market based on the offering?\u003cbr\u003e\n6. What is the breakup of the global smart lighting market based on the communication technology?\u003cbr\u003e\n7. What is the breakup of the global smart lighting market based on the installation type?\u003cbr\u003e\n8. What is the breakup of the global smart lighting market based on the light source?\u003cbr\u003e\n9. What is the breakup of the global smart lighting market based on the application?\u003cbr\u003e\n10. What are the key regions in the global smart lighting market?\u003cbr\u003e\n11. Who are the key players\/companies in the global smart lighting market?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"June, 2023 \/ 139 Pages \/ MCW16280403","offer_id":47711023333682,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/smart-lighting-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}