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Smart Outdoor Lighting Market Trends and Forecast

The future of the global smart outdoor lighting market looks promising with opportunities in residential and commercial applications. The global smart outdoor lighting market is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 8.5% from 2023 to 2028. The major drivers for this market are increasing government initiatives for energy conservation, growing demand for IoT based street lights in smart cities, and rising demand for energy efficient lighting to conserve energy, lower the maintenance costs, regulate light intensity, and cut carbon emissions.
Smart Outdoor Lighting Market by Source, Distribution Channel, and Application

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Smart Outdoor Lighting Market by Segments

Smart Outdoor Lighting Market by Segment

The study includes trends and forecast for the global smart outdoor lighting market by source, distribution channel, application, and region, as follows:

Smart Outdoor Lighting Market by Source [Value ($B) Shipment Analysis from 2017 to 2028]:

  • LED Lights
  • Plasma Lamps
  • High-Intensity Discharge Lamps
  • Fluorescent Lights

Smart Outdoor Lighting Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Offline
  • Online

Smart Outdoor Lighting Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Residential
  • Commercial

Smart Outdoor Lighting Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Smart Outdoor Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, smart outdoor lighting companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart outdoor lighting companies profiled in this report include- 

Smart Outdoor Lighting Market Insights

  • Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because it enables customers to select products based on their preferences by physically inspecting them.
  • Commercial is expected to remain the larger application segment due to an increase in commercial construction activity along with infrastructural improvement in the hospitality sector.
  • North America will remain the largest region due to the increasing interest in changing outdoor landscape lighting in response to the ongoing practice of hosting family and friends for dinner or other events in the backyard or front yard garden.

Features of the Smart Outdoor Lighting Market

  • Market Size Estimates: Smart outdoor lighting market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Smart outdoor lighting market size by various segments, such as by source, distribution channel, application, and region
  • Regional Analysis: Smart outdoor lighting market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different sources, distribution channels, applications, and regions for the smart outdoor lighting market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart outdoor lighting market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the smart outdoor lighting market size?
Answer: The global smart outdoor lighting market is expected to reach an estimated $2.0 billion by 2028.
Q2. What is the growth forecast for smart outdoor lighting market?
Answer: The global smart outdoor lighting market is expected to grow with a CAGR of 8.5% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the smart outdoor lighting market?
Answer: The major drivers for this market are increasing government initiatives for energy conservation, growing demand for IoT based street lights in smart cities, and rising demand for energy efficient lighting to conserve energy, lower the maintenance costs, regulate light intensity, and cut carbon emissions.
Q4. What are the major segments for smart outdoor lighting market?
Answer: The future of the smart outdoor lighting market looks promising with opportunities in residential and commercial applications.
Q5. Who are the key smart outdoor lighting companies?
Answer: Some of the key smart outdoor lighting companies are as follows:
  • Signify Holding
  • General Electric
  • OSRAM GmbH
  • Hubbell
  • Acuity Brands
Q6. Which smart outdoor lighting segment will be the largest in future?
Answer: Lucintel forecasts that offline will remain the larger distribution channel segment over the forecast period because it enables customers to select products based on their preferences by physically inspecting them.
Q7. In smart outdoor lighting market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the increasing interest in changing outdoor landscape lighting in response to the ongoing practice of hosting family and friends for dinner or other events in the backyard or front yard garden.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the global smart outdoor lighting market by source (LED lights, plasma lamps, high-intensity discharge lamps, and fluorescent lights), distribution channel (offline and online), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
 
For any questions related to smart outdoor lighting market or related to smart outdoor lighting companies, smart outdoor lighting market size, smart outdoor lighting market share, smart outdoor lighting analysis, smart outdoor lighting market growth, smart outdoor lighting market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Wireless Technology in the Global Smart Lighting Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Wireless Technology in the Global Smart Lighting Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Wireless Technology in the Global Smart Lighting Market by Communication Technology
3.3.1: Bluetooth
3.3.2: Enocean
3.3.3: Wi-Fi
3.3.4: Z-Wave 
3.3.5: Zigbee
3.4: Wireless Technology in the Global Smart Lighting Market by Offering
3.4.1: Hardware
3.4.2: Services 
3.4.3: Software
3.5: Wireless Technology in the Global Smart Lighting Market by Installation Type
3.5.1: New Installation 
3.5.2: Retrofit Installation
3.6: Wireless Technology in the Global Smart Lighting Market by Deployment
3.6.1: Indoor 
3.6.2: Outdoor
3.7: Wireless Technology in the Global Smart Lighting Market by Application
3.7.1: Commercial 
3.7.2: Public 
3.7.3: Residential
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Wireless Technology in the Global Smart Lighting Market by Region
4.2: Wireless Technology in the North American Smart Lighting Market
4.2.1: Wireless Technology in the North American Smart Lighting Market by Deployment: Indoor and Outdoor
4.2.2: Wireless Technology in the North American Smart Lighting Market by Application: Commercial, Public, and Residential
4.3: Wireless Technology in the European Smart Lighting Market
4.3.1: Wireless Technology in the European Smart Lighting Market by Deployment: Indoor and Outdoor
4.3.2: Wireless Technology in the European Smart Lighting Market by Application: Commercial, Public, and Residential
4.4: Wireless Technology in the APAC Smart Lighting Market 
4.4.1: Wireless Technology in the APAC Smart Lighting Market by Deployment: Indoor and Outdoor
4.4.2: Wireless Technology in the APAC Smart Lighting Market by Application: Commercial, Public, and Residential
4.5: Wireless Technology in the ROW Smart Lighting Market 
4.5.1: Wireless Technology in the ROW Smart Lighting Market by Deployment: Indoor and Outdoor
4.5.2: Wireless Technology in the ROW Smart Lighting Market by Application: Commercial, Public, and Residential
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Communication Technology
6.1.2: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Offering
6.1.3: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Installation Type
6.1.4: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Deployment
6.1.5: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Application
6.1.6: Growth Opportunities for Wireless Technology in the Global Smart Lighting Market by Region
6.2: Emerging Trends in the Wireless Technology in the Global Smart Lighting Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Wireless Technology in the Global Smart Lighting Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Wireless Technology in the Global Smart Lighting Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Acuity Brands
7.2: ams-OSRAM AG
7.3: Cisco Systems
7.4: Deako 
7:5: Eaton Corporation
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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