Increasing Demand For Energy Efficiency And Cost Savings fuels the growth of the global Smart Lighting market at a CAGR of 18.5% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Smart Lighting Market” that contains the information from 2019 to 2035. The Smart Lighting market is estimated to register a CAGR of 18.5% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the global Smart Lighting market— Control4 Corp. (Snap One LLC), Lutron Electronics Co. Inc., Signify Holding, Wyze Labs Inc., Sengled, Inter IKEA Holding, Acuity Brands Inc., Hubbell Incorporated, Crestron Electronics Inc., Insteon and others.

The global Smart Lighting market is accounted for to register a CAGR of 18.5% during the forecast period and is estimated to reach USD 90,892.64 million by 2035.

Smart lighting solutions are intended to reduce electricity consumption by allowing for more accurate control of lighting levels and scheduling. Furthermore, the increased use of energy-efficient lighting technologies, such as light-emitting diode (LED) lighting, is driving market expansion. In addition, the ubiquitous use of sensors and connectivity, which allows smart lighting to react to natural light availability or occupancy in a room, is driving growth. Furthermore, the implementation of various regulations by governments and environmental agencies throughout the world to promote the adoption of energy-efficient lighting solutions to reduce carbon footprints and battle climate change is driving market expansion.

In addition, smart lighting allows homeowners to manage lighting remotely, dim lights, or schedule them to turn off automatically when not in use. For instance, Philips Hue offers customizable lighting that users can control through mobile apps or voice assistants like Amazon Alexa and Google Home. This not only enhances convenience, but also greatly lowers electricity bills. Smart street lighting is also gaining popularity in public sector smart city efforts. Moreover, the commercial buildings and offices also benefit from smart lighting integration with building management systems (BMS). These systems offer real-time monitoring and control, allowing organizations to optimize lighting usage based on data. Smart lighting can lower energy use by up to 80%, resulting in significant cost savings. As a result, rising demand for energy-efficient lighting solutions is driving market expansion.

Access full report @ https://www.marketresearchfuture.com/reports/smart-lighting-market-991

Segmental Analysis

The global Smart Lighting market has been segmented based on Installation Type, Offerings, End Use Application and Communication Technology.

The Smart Lighting Market segmentation, based on installation type includes new installation and retrofit installations. The Installation segment held the majority share of the Smart Lighting Market revenue. The demand for smart lighting is driven by the growing adoption of smart lighting for data-driven causes in crucial areas. The New Installation segment dominates the market with 68.19% and a CAGR of 18.9%. The new installation segment is anticipated to show considerably higher revenues over the forecast period due to growing awareness of energy-saving lighting solutions across various commercial, industrial, and residential buildings. Smart LED lighting is being installed owing to the growth that is being realized in the commercial and industrial sectors and new constructional activities in the developing nations. In addition, the pressure to cut operational costs for energy to enhance public safety through promoting smart city projects is leading to installation of smart LED lighting thus driving segment’s revenue.

Based on offering, the global smart lighting market has been segmented into hardware, software and services. Smart lighting hardware has been further categorized into Lights and Luminaires and Lighting Controls, wherein the lights and luminaires  segment is exhibiting high growth potential during the period 2025 to 2032. The popularity of connected lighting bulbs and fixtures that can change colors, dim lights, and turn on/off using a controlling device such as a smartphone or tablet is driving demand in the hardware category. LED lights are the most popular choice in smart lighting systems due to their energy efficiency, extended lifespan, and interoperability with smart technologies. Luminaires, or fixtures that hold these lights, are meant to allow smart functions such as dimming, color change, and motion detection. Modern luminaires include sensors and wireless communication modules, allowing them to communicate with smart home ecosystems and modify illumination in real time based on factors such as occupancy or ambient light.

Based on end use applications, the global smart lighting market has been segmented into indoor and outdoor. The indoor application is further sub-segmented into residential, commercial, and industrial. The residential segment is predicted to increase rapidly over the forecast period due to the increasing popularity of smart lighting bulbs and fixtures that can be controlled by the user to create different lighting moods. Furthermore, demand for commercial and industrial space is driven by the need to control lighting consumption because office spaces or warehouses are operational 24 hours a day, seven days a week and require consistent power supply throughout the day and night. Installing smart lighting with built-in sensors guarantees that lights are only used in appropriate areas based on people's movement, which is detected by the sensors.

Based on communication technology, the global smart lighting market has been segmented into wired and wireless. Wired technology dominates the market since the systems that fall under this category include ethernet, digital addressable lighting interface (DALI), and power over ethernet (PoE) technologies of communication and control. Furthermore, growth in wired technology with respect to reliability and stability of technology, which is crucial in massive and commercial lighting fixtures, is propelling the market. Further, wired systems are more immune to interference and security problems than wireless systems and therefore recommended for the places where smooth and continuous operation of the lighting system is essential such as healthcare and industrial buildings or high-end commercial complexes.

Regional Analysis

Geographically, the global Smart Lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America dominates the global smart lighting market with an 41.5 % share of the market in 2024. This can be due to strong industry presence and early adoption of smart lighting technology in both the commercial and residential areas. Major communities in the United States and Canada are rapidly implementing smart street lighting systems to reap benefits such as energy savings and remote administration. The presence of significant technology companies and smart lighting manufacturers such as Philips, GE, and Acuity Brands has enhanced regional R&D efforts.

Europe is in the forefront of developing safety and standardized performance standards for specific indoor commercial smart lighting applications for garages, highways, and parking. Dedicated LED luminaires and LED replacement smart bulbs are emerging as significant development areas in the lighting industry, as LED designs and technology continue to advance.

The APAC region consists of China, India, Japan, South Korea, Malaysia, Indonesia, Thailand and rest of APAC. Asia Pacific is expected to grow at the fastest CAGR of 23.7% during the forecast period owing to the surging demand from the commercial and residential application segments. China is expected to be the largest revenue generator, with the highest global market share.

The Middle East and Africa consist of GCC countries, South Africa, and the rest of the MEA. Smart lighting is slowly and gradually gaining traction in the MEA region primarily owing to the establishment of smart city ventures and an increasing emphasis on constructing eco-friendly smart and intelligent city structures. In addition, the investment raised in infrastructure development and the customers’ growing concern with energy conservation, is boosting market growth.

Key Findings of the Study

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  The global Smart Lighting market is expected to reach USD 90,892.64 million by 2035, at a CAGR of 18.5% during the forecast period.

  
  


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  The North America region accounted for the fastest-growing global market.

  
  


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  Based on Installation Type, the New Installation segment was attributed to holding the largest market in 2024.

  
  


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  Control4 Corp. (Snap One LLC), Lutron Electronics Co. Inc., Signify Holding, Wyze Labs Inc., Sengled, Inter IKEA Holding, Acuity Brands Inc., Hubbell Incorporated, Crestron Electronics Inc., Insteon ,EGLO Leuchten GmbH, Eve Systems GmbH, LG Electronics Inc., Wiz Connected Lighting Co. Ltd, Wipro Lighting Limited and other are some of the players in the market.