Press Release

New Installations Segment is Expected to Dominate the Global Indoor Smart Lighting Market

Rise of Smart Homes and Building Automation are a major factor attributable to the growth of the market.

 

According to TechSci Research report, “Global Indoor Smart Lighting Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Indoor Smart Lighting is anticipated to project robust growth in the forecast period with a CAGR of  6.02% through 2028. The global Indoor smart lighting market has witnessed remarkable growth in recent years, propelled by rapid advancements in technology and a growing emphasis on energy efficiency and sustainability. Smart lighting systems, which incorporate connected devices and automation, have revolutionized the way we illuminate our spaces. This market's expansion is also driven by the increasing adoption of Internet of Things (IoT) solutions across various sectors. As more homes, commercial buildings, and cities seek to optimize energy consumption and enhance user experiences, the demand for smart lighting solutions continues to surge.

One of the key factors driving the smart lighting market is the remarkable benefits it offers in terms of energy efficiency. Traditional lighting systems are being replaced by smart alternatives that can be remotely controlled and scheduled to adjust brightness levels, color temperatures, and even turn on or off as needed. This not only provides convenience but also leads to substantial energy savings by ensuring lights are only active when necessary. Businesses and homeowners alike are drawn to these solutions as they strive to reduce their carbon footprint and lower energy costs in an increasingly environmentally conscious world. Another significant driver of the smart lighting market is the growing trend of building automation and smart home technologies. Consumers are increasingly seeking integrated systems that can be controlled through smartphones, voice assistants, or central hubs. Smart lighting fits seamlessly into this ecosystem, allowing users to create personalized lighting scenes, set moods, and enhance ambiance with a few taps or voice commands. The ability to adjust lighting remotely for security purposes also adds to the appeal, making smart lighting an essential component of modern smart homes.

Commercial applications have also been a major contributor to the market's growth. From offices to retail spaces, smart lighting systems offer features that go beyond energy efficiency. These systems can be used for data collection and analysis, helping businesses optimize layouts, improve employee productivity, and enhance customer experiences. Moreover, in urban planning, cities are turning to smart lighting solutions to improve safety, reduce energy consumption, and create aesthetically pleasing environments. The integration of sensors and connectivity in streetlights and public spaces has paved the way for the concept of smart cities. While the smart lighting market presents numerous opportunities, it is not without challenges. Concerns about data privacy and security have surfaced as more devices are connected to the internet. Ensuring that smart lighting systems are resilient against cyber threats and unauthorized access remains a critical consideration for both manufacturers and users. Additionally, as the market becomes more competitive, standards and interoperability become essential to avoid fragmentation and ensure a smooth user experience across different products and brands.

 

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Based on communication technology, the wireless segment emerges as the dominant and steadfast force, maintaining a commanding influence that is projected to persist throughout the forecast period. The wireless communication technology, epitomized by protocols like Zigbee, Wi-Fi, Bluetooth, and radio frequency, has revolutionized the smart lighting market by offering unparalleled flexibility, convenience, and scalability. This technology liberates smart lighting systems from the constraints of physical wiring, enabling seamless connectivity and control through various devices, including smartphones, tablets, and smart home hubs.

The wireless segment's dominance can be attributed to its ability to adapt to diverse environments and applications, from residential settings to commercial complexes and urban infrastructure. This adaptability, coupled with the rapid proliferation of smart devices and the Internet of Things (IoT), fortifies the wireless segment's stature as a steadfast and commanding force. As consumers and industries increasingly gravitate towards integrated and easily manageable smart lighting solutions, the wireless communication technology serves as the linchpin, fostering seamless interactions between various components and driving the evolution of the Global Indoor Smart Lighting Market well into the future

 

Key market players in the Global  Indoor Smart Lighting Market are following:-

  • Control4 Corp. (Snap One LLC)
  • Crestron Electronics Inc.
  • Hubbell Incorporated
  • Lutron Electronics Co. Inc.
  • Inter IKEA Holding BV
  • Signify Holding
  • Wyze Labs Inc.
  • EGLO Leuchten GmbH
  • GE Lighting (Savant Systems Inc.)
  • Acuity Brands Inc.     

 

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“Asia Pacific stands as an unwavering and commanding force in the dynamic expanse of the Global Indoor Smart Lighting Market, solidifying its preeminent position, and unmistakably underscoring its pivotal role in shaping the industry's trajectory. With an impressive fusion of technological prowess, innovative prowess, and strategic foresight, Asia Pacific has emerged as a dynamic hub for the development, deployment, and adoption of Smart Lighting solutions. Across diverse sectors such as manufacturing, healthcare, logistics, and entertainment, the region's commitment to harnessing automation and robotics has redefined operational paradigms.

The region's ascendancy can be attributed to its ecosystem that fosters research and innovation, coupled with a proactive approach to embracing cutting-edge technologies. Notably, Asia Pacific's emphasis on collaboration between academia, industry, and government entities has propelled it to the forefront of the global stage. This has resulted in groundbreaking innovations, driving efficiency improvements, and addressing complex challenges across industries. By integrating robotics and automation into daily operations, the region has not only solidified its dominance but also offered a glimpse into a future where seamless human-robot interaction is the norm.

As Asia Pacific continues to invest in research, development, and workforce training, its pivotal role in steering the industry becomes increasingly evident. With its potent combination of economic strength, innovation culture, and technological acumen, the region's influence is set to reverberate globally, reshaping industries, creating novel opportunities, and defining the very nature of work and collaboration in the age of robotics.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Indoor Smart Lighting Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Offering (Hardware, Software, Services), By Communication Technology (Wired, Wireless), By Installation Type (New Installations, Retrofit Installations), By Region, Competition 2018-2028 has evaluated the future growth potential of Global  Indoor Smart Lighting Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Indoor Smart Lighting Market.

 

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