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Smart Lighting Market Share
- Report ID: GMI413
- Published Date: Mar 2022
- Report Format: PDF
Smart Lighting Market Share
Prominent companies operating in the smart lighting market include
- Acuity Brands Lighting Inc.
- Bridgelux Inc.
- Cooper Industries Inc. (Eaton)
- Cree, Inc.
- Echelon Corporation
- General Electric Company
- Honeywell International Inc.
- Hubbell Incorporated
- Legrand SA
- Lutron Electronics Co., Inc.
- OSRAM Licht Group
- Signify N.V.
- Schneider Electric Software LLC
- SELC Ireland Limited
- Silver Spring Networks
- TVLIGHT B.V.
- Zumtobel Group AG
Industry leaders are adopting unique business strategies to increase their customer base, thereby influencing the market expansion. Industry players are consistently investing in R&D to bring innovation to the intelligent lighting portfolio.
Frequently Asked Questions (FAQ) :
Market size of smart lighting surpassed USD 7 billion in 2021 and is anticipated to expand at a CAGR of 14% between 2022 and 2028 driven by the growing number of innovations in advanced LED drivers and the integration of robust Wi-Fi communications modules.
North America hardware segment is estimated to grow at a CAGR of 15% through 2028 considering the growing integration of advanced technologies such as Bluetooth, Wi-Fi, and Zig-bee.
APAC wired smart lighting technology segment valued at USD 1.5 billion in 2021 and is expected to record substantial growth owing to the soaring demand for DALI systems.
Major companies across the industry comprise Hubbell Incorporated, Bridgelux Inc., Legrand SA, Cree, Inc., Schneider Electric Software LLC, Lutron Electronics Co., Inc., Silver Spring Networks, and others.
Smart Lighting Market Scope
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