The latest report by IMARC Group, titled "Smart Lighting Market Report by Offering (Hardware, Software, Services), Communication Technology (Wired Technology, Wireless Technology), Installation Type (New Installation, Retrofit Installation), Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps, and Others), Application (Commercial, Residential, Public Infrastructure, and Others), and Region 2025-2033," finds that the global smart lighting market size reached USD 19.1 Billion in 2024. Smart lighting is an advanced technology designed to efficiently use light resources. It provides a range of automated control options that allow users to adjust their lighting based on occupancy or available natural light. It is used in homes, businesses, and industrial settings and has a touchscreen control panel and a smartphone app for convenient control. In addition, it allows users to adjust the color and brightness of fixtures from any location. Owing to these properties, smart lighting is gaining traction over conventional lighting, such as incandescent bulbs, halogens, and CFLs.
Global Smart Lighting Market Trends:
The market is primarily driven by the increasing development of smart cities across the globe. In addition, the escalating demand for energy-efficient lighting systems that offer improved lighting and consume less power is contributing to the market growth. Besides this, with rapid urbanization and infrastructure development, consumers prefer advanced and flexible lighting options over traditional, power-consuming lights. This, coupled with the declining cost of smart lights, making them more accessible to consumers, represents another major growth-inducing factor. Moreover, various technological advancements, including the integration of wireless and sensor technology in lighting systems, are also creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 77.6 Billion by 2033, exhibiting a CAGR of 16.8% during the forecast period (2025-2033).
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Offering, Communication Technology, Installation Type, Light Source, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Philips Lighting, Acuity Brands, Osram, Cree, General Electric Company, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight.Vision, Virtual Extension and Syska LED |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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