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Smart Lighting Market Size, Share, Trends, Growth and Forecast 2020 – 2028


The global smart lighting market size is expected to reach USD 45.47 Billion at a steady revenue CAGR of 19.7% in 2028, according to the latest analysis by Emergen Research. Increasing popularity of smart lights, wide acceptability of standard protocols for lighting control systems, and increasing use of LED lights and luminaires in outdoor lighting are driving market revenue growth.

Some major factors expected to hamper market growth include interoperability, connectivity, non-visual effects of lighting, and data security concerns. Possible health implications from usage of blue-rich, solid-state or compact fluorescent lighting is hampering market growth. A possible risk of losing control in time of technical changes make several lighting designers hesitant to use smart lights. The most prominent obstacle that is hindering smart lighting market growth is high cost of installation. In spite of all these drawbacks, various benefits and advantages of smart lights is expected to drive deployment during the forecast period.

Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

You Can Download Free Sample PDF Copy of Smart Lighting Market at https://www.emergenresearch.com/request-sample/823

Research Methodology

Data triangulation and market breakdown

Research assumptions Research data including primary and secondary data

Primary data includes breakdown of primaries and key industry insights

Secondary data includes key data from secondary sources

A lot about, the past and latest trends gaining momentum and shaping the future of the Smart Lighting market is discussed. Assessment of major vendors incorporating state-of-the-art technology further enlightens business owners about the new means, medium and channels to enhance their product portfolio stay competitive in the Smart Lighting market for the forecast period, 2020 – 2028. For more granularity, the researchers behind the study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the Smart Lighting market, for the forecast period 20 20 – 2028.

North America registered highest revenue growth in 2020 due to rising demand for smart lights at different sectors in countries in this region. Emergence of smart city projects is also contributing to market revenue growth.

Major players in the market report include Acuity Brands, Signify Holding, Honeywell International Inc., Itron Inc., Ideal Industries, Inc., Häfele GmbH & Co KG, Wipro Consumer Lighting, YEELIGHT, Sengled Optoelectronics Co., Ltd., and Verizon.

You Can Download Free Sample PDF Copy of Smart Lighting Market at https://www.emergenresearch.com/request-sample/823

Emergen Research has segmented the global smart lighting market on the basis of component, light source, type, end-use, and region:


Component Outlook (Revenue, USD Billion; 2018–2028)




Light Source

LED Light Source

HID Light Source

Fluorescent Light Source

Type Outlook (Revenue, USD Billion; 2018–2028)

Smart Bulbs


Lighting Control


Microcontroller and Microprocessors

Wireless Receivers and Transmitters


End-use Outlook (Revenue, USD Billion; 2018–2028)




Public Lighting


Regional Outlook (Revenue, USD Billion; 2018–2028)

North America


Asia Pacific

Latin America

Middle East & Africa

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Report Objectives

Examine the size of the global Smart Lighting market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Smart Lighting market.

Explore the underlying dynamics of the global Smart Lighting market.

Highlight significant trends of the global Smart Lighting market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Smart Lighting market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Smart Lighting market.

Forecast the market size and share of all segments and regions in the global landscape.

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Table of Content

Chapter 1. Smart Lighting Market Methodology & Sources

    1.1. Smart Lighting Market Definition

    1.2. Smart Lighting Market Research Scope 

    1.3. Smart Lighting Market Methodology

    1.4. Smart Lighting Market Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Smart Lighting Market Segmentation & Impact Analysis

    4.1. Smart Lighting Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Rising need to improve crop yield

           Better risk management provided by analytics technology

           Increasing adoption of Big Data IoT sensors

           Increasing need to enhance agricultural supply chain

          4.2.3. Market restraints analysis

           Lack of technological awareness among farmers

           High initial investments

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Lighting Market By Component Insights & Trends, Revenue (USD Million)

Chapter 6. Smart Lighting Market By Farm size Insights & Trends, Revenue (USD Million)

Chapter 7. Smart Lighting Market By Deployment modes Insights & Trends Revenue (USD Million)

Chapter 8. Smart Lighting Market By Application Insights & Trends Revenue (USD Million)

Chapter 9. Smart Lighting Market Regional Outlook