Global Smart Lighting  Market  Size and Overview

Smart lighting includes automated controls and high efficiency fixtures that are adjusted based on daylight availability. Smart lighting comprises general lighting, task lighting, and accent lighting. It helps in reducing energy consumption by enabling the user to remotely control the lights and other devices.

Decreasing cost and increased penetration of LEDs have driven the smart lighting market growth. Further, the growing need for energy efficiency has supported the increased adoption of smart lighting. However, limited awareness and security issues have restrained the growth of the market to a notable extent. Increased number of smart city projects is opportunistic for the market growth.

The smart lighting market is segmented based on offering, communication technology, application, and geography. Hardware, software, and services are analyzed in the segmentation by offering. Further, the smart lighting market is segmented by communication technology into wired and wireless. Based on application, the market is sub-divided into commercial, residential, industrial, architectural, and others. Geographically, the smart lighting market is sub-divided into North America, Europe, Asia-Pacific, and Rest of the world.

The key market players operating in the smart lighting market include Phillips Lighting, Acuity Brands, Osram, Cree, General Electric, Legrand, Honeywell Inte
ational, Hubbell Lighting, Syska LED, and Leviton Manufacturing among others.

SMART LIGHTING MARKET SEGMENTS

Market By Offering

•    Hardware

•    Software

•    Services

Market By Communication Technology

•    Wired

•    Wireless

Market By Application

•    Commercial

•    Residential

•    Industrial

•    Architectural

•    Others

Market By Geography

•    North America

•    Europe

•    Asia Pacific

•    Rest of the world

KEY PLAYERS

•    Phillips Lighting

•    Acuity Brands

•    Osram

•    Cree

•    General Electric

•    Legrand

•    Honeywell Inte
ational

•    Hubbell Lighting

•    Syska LED

•    Leviton Manufacturing