Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global smart lighting market report based on application, software and service, light source, communication technology, and type.
By type, the global smart lighting market is segmented into lighting control and fixtures smart bulbs.
By light source, the global smart lighting market is segmented into HD light source, fluorescent light source, LED light source, & another light source.
By communication technology, the global smart lighting market is segmented into wireless communication technologies and wired communication technologies. Of these, wired communication technologies will lead the market over the forecast period.
By software and service, the global smart lighting market is segmented into service into lighting as a service and smartphone applications.
By application, the global smart lighting market is segmented into outdoor lighting and indoor lighting. Of these, outdoor lighting will spearhead the market over the forecast period.
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Key Players
Prominent players profiled in the global smart lighting market report include Digital Lumens, Inc. (U.S.), Cooper Industries, Inc. (Ireland), CREE, Inc. (U.S.), Schneider Electric SE (France), Legrand S.A. (France), Honeywell International Inc. (U.S.), Osram Licht AG (Germany), General Electric Company (U.S.), Acuity Brands Lighting, Inc. (U.S.), and Philips Lighting Holding B.V. (The Netherlands), among others.
Various factors are propelling the global smart lighting market share. As per the current MRFR report, such factors include increasing awareness regarding energy savings among governments and consumers across the globe, availability of lights with smart devices, increasing adoption of LEDs and decreasing cost, the trend for smart city projects in the developing economies, and the launch of integrated lighting control systems. Additional factors adding market growth include demand for intelligent street lighting systems, demand for energy-efficient lighting systems, advances in wireless communication technology, and the emergence of internet of things technology for smart lighting.
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