Product Overview

Smart lighting acts as an initial step in automated IoT technology adoption which is designed for convenience, security,, and energy efficiency. Smart lighting comprises a mesh network of wireless bulbs connected to the nearest neighbor controlled by a hub plugged into the router that enables the connected phone or tablet to communicate with the bulbs. This lighting technology creates buildings more responsive, secure, sustainable, and healthy; it also comprises automated controls and high-efficiency fixtures that adjust based on daylight and occupancy.

Market Highlights

Global Smart Lighting Market is expected to project a notable CAGR in 2030.

Global Smart Lighting Market to surpass USD million by 2030 from USD million in 2020 at a CAGR of XX% throughout the forecast period, i.e. 2020-30. Global Smart Lighting Market is expected to observe growth in the future due to advancements and innovations in technology such as intelligent sensing lighting solutions and the internet of things (IoT) which has led to a rise in demand for energy-efficient lighting solutions. Rising consumer awareness for energy conservation has led to a gradual shift in demand from incandescent lamps to light-emitting diodes (LEDs) which has helped the market to advance globally with the rising commercialization of Wi-Fi technology.

Recent Highlights in Global Smart Lighting Market

In December 2019, Cooper Lighting Solutions was acquired by Signify from Eaton which would bolster its position in the North American lighting market.

Global Smart Lighting Market: Segments

Control Systems segment to grow with the highest CAGR during 2019-30

Global Smart Lighting market is segmented by type into Smart Bulbs, Control Systems, and Fixtures. The control systems segment held the largest market share in the year 2018 and is anticipated to dominate the global market throughout the forecast period.

Services segment to grow with the highest CAGR during 2019-30

Global Smart Lighting market is segmented by offering Hardware, Software,, and Services. Services segment held the largest market share in the year 2018 and is anticipated to dominate the global market throughout the forecast period.

Indoor segment to grow with the highest CAGR during 2019-30

Global Smart Lighting market is segmented by application into Indoor and Outdoor. Indoor segment held the largest market share in the year 2018 and is expected to maintain this trend throughout the forecast period due to the higher adoption of connected lighting systems for commercial and residential purposes.

Light Emitting Diode segment to grow with the highest CAGR during 2019-30

Global Smart Lighting market is also segmented by the light source into Fluorescent Lamp and Light Emitting Diode (LED). LED segment held the largest market share in the year 2018 and is anticipated to grow with the highest CAGR throughout the forecast period since it provides smart lighting based application opportunities by using indoor lighting infrastructure and high-speed wireless data communication which is widely used across smart buildings ad is very cost-effective.

Wireless segment to grow with the highest CAGR during 2019-30

Global Smart Lighting market is segmented by technology into Wired and Wireless. Wireless segment held the largest market share in the year 2018 and is expected to maintain this trend throughout the forecast period.

Market Dynamics

Drivers

Development of Smart Cities

Construction of smart cities has further led to a demand for smart lighting due to its adoption of internet of things technology that ensures convenience, security, and energy efficiency. Rising disposable income and constantly changing lifestyle has accelerated the demand for interior lightings in office buildings, hotels, restaurants. Smart cities use smart embedded devices and sensors at various places such as streets, traffic signals which leads to lower energy consumption to a greater extent. Smart lighting creates a reliable sensing network through a multi-sensor node that collects environment-related information such as humidity, carbon-dioxide, UVA light as a result of which municipal bodies reduce the maintenance cost and energy consumption of smart cities.

Energy Efficient

Digitization had transformed the lighting industry and provided an energy-efficient lighting system that saves energy. Smart automation and the adoption of connected technologies have impacted applications of smart lighting, such as, residential, commercial, retail, government by transforming the process by which lighting systems consume energy and interact with their surroundings.

Restraints

High investment costs

Smart Lighting market observed disturbances in a supply chain that created a demand-supply gap resulting in higher prices. Higher investment costs in smart lighting technology is also hampering the growth of outdoor as well as indoor lighting vertical.

Impact of Covid-19 on Smart Lighting Market

Coronavirus had adversely affected majority of industries all around the world. The smart lighting market also witnessed a negative impact due to the disruption in manufacturing activities and supply chains. Due to this pandemic industry were directed to shutdown manufacturing units and operations to break the chain of the spread of the virus. Social distancing norms have encouraged the businesses to operate from home but it has adversely affected the manufacturing sector. However, a government initiative to encourage and promote smart city projects is expected to boost the smart lighting market post corona period.

Global Organic Market: Key Players

Phillips

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Cree Inc.

Osram Licht AG

Nichia Corporation

Eaton Corporation

Seoul Semiconductor Co. Ltd.

GE lighting

Zumbtobel Group

Other Prominent Players

Global Smart Lighting Market: Regions

Global Smart Lighting market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Smart Lighting Market in Europe held the largest market share in the year 2019 and will continue to dominate the global market due to adoption of smart lighting technology promoting energy conservation. Asia-Pacific region is also anticipated to witness a rise in demand due to the availability of raw materials and low labor costs.

Global SMART LIGHTING market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey,, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Smart Lighting market report also contains analysis on:

Smart Lighting Market Segments:

By Product Type

Smart Bulbs

Control Systems

Fixtures

By Offering

Hardware

Software

Services

By Application

Indoor (Residential, Commercial, Industrial)

Outdoor (Highways and Roads Lightings, Lighting for public places)

By Light Source

Fluorescent Lamp

Light Emitting Diode (LED)

By Technology

Wired

Wireless

Smart Lighting Market Dynamics

Smart Lighting Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Smart Lighting Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Smart Lighting Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Smart Lighting Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Smart Lighting Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Product Type: Market Share (2020-2030F)

12.2.1. Smart Bulbs, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Control Systems, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Fixtures, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Offering: Market Share (2020-2030F)

12.4.1. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5. By Application: Market Share (2020-2030F)

12.5.1. Indoor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.2. Outdoor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6. By Light Source: Market Share (2020-2030F)

12.6.1. Fluorescent Lamp, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6.2. Light Emitting Diode, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.7. By Technology: Market Share (2020-2030F)

12.7.1. Wired, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.7.2. Wireless, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1. Phillips

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Cree Inc.

13.3. Osram Licht AG

13.4. Nichia Corporation

13.5. Eaton Corporation

13.6. Seoul Semiconductor Co. Ltd.

13.7. GE lighting

13.8. Zumbtobel Group

13.9. Other Prominent Players

14. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)