Global Indoor Lighting Management Market by Product, Type, Application, End-User, Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Global Indoor Lighting Management Market is expected to reach US$ 48.63 Bn by 2029, at a CAGR of 11.34% during the forecast period.
Global Indoor lighting Management Market Definition
Indoor lighting management is a complete automation system of lighting control. The system enables communication between varieties of lightings to make sure the functionality in indoor applications.
Indoor lighting Management Market Snapshot
To know about the Research Methodology :- Request Free Sample Report
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global indoor lighting management market Dynamics
Improved lifestyle and high disposable income of people are major driving factors behind the growth of market. Indoor lighting management system provides some benefits such as improved productivity, lower carbon emissions, and increased comfort, less energy consumption, occupancy sensors and remote access system management through wireless communication are ultimately propelling the growth of market. Furthermore, emergence of indoor lighting solutions with smart appliances, rising acceptance of standard protocols for lighting control systems, development in integrated lighting management system, fast adoption of smart lighting solutions over traditional lighting solutions and increasing penetration of LED lights in indoor applications are expected to improve market growth during forecast period.
However, high initial cost for installation of indoor lighting management system could hamper the growth of market. Also unreliability of wireless control system, wrongly designed and installed system, expensive maintenance cost and lack of skilled expert to manage lighting operations could hinder the growth of market.
Global Indoor Lighting Management Market: Segmentation Analysis
By product, recessed and surface mounted light segments dominated the market in 2022 and are expected to continue its dominance at CAGR of xx% during forecast period. Recessed lighting delivers the benefit of being a hidden light source and energy efficiency which driving the growth of market. Surface mounted lights are widely adaptable because of its uniform illumination along with energy efficiency. These are mounted directly on the ceiling as they provide screw-less design system.
By type, ambient lighting segment dominated the market in 2022 and is expected to keep its dominance at CAGR of xx% during forecast period. Ambient lighting is also known as general lighting system. Ambient lighting radiates a comfortable intensity of brightness and is extremely essential factor to any indoor lighting management application. Ambient lighting can be used in downlights, track lights, chandeliers, fan lights and various type of fixture with the potential to provide a wide beam span, which is ultimately leading towards the growth of market.
Alternatively, accent lighting solutions are expected to witness fast growth at CAGR of xx% during forecast period. Accent lighting is used when consumer wants to illuminate pottery, artwork, plants, souvenirs and more. Improved modernization in smart home lighting system is driving the growth of accent lighting segment. Accent lighting provides track lighting, pictures light, under-cabinet light, LED tape light and sconces which get little amounts of light to corridors, corners and bathrooms.
Global Indoor Lighting Management Market: Regional Analysis
Region wise, North America held the largest market share in 2022 and is expected to maintain its dominance at CAGR of xx% during forecast period. The US and Canada are major key contributors behind the growth of market. The growth is attributed to the growing demand of ambient lighting and accent lighting solutions across the region.
Also rapid adoption of surface mounted lighting system in industrial and commercial applications is driving the growth of market.
Global Indoor Lighting Management Market: Key Development
In Dec 2018, LEDVANCE, the maker of SYLVANIA general lighting in the US, is expanded its portfolio of easy-to-use SYLVANIA SMART+ Bluetooth lighting to benefit android users in the US. With an android device in the home in range, new SYLVANIA SMART+ Bluetooth LED lighting products work with the Google assistant or Amazon Alexa via the new SYLVANIA smart home app on Google play, providing hands-free lighting control for android users without requiring any additional hardware.
In Nov 2018, Wipro Lighting, a business of Wipro Consumer Care and Lighting, has signed a Premium Partnership Agreement with Schréder.
In Nov 2017, Wipro Lighting, the market leader in LED Lighting Solutions announced that it has become a Cisco Digital Building Solutions provider for connected lighting.
The objective of the report is to present a comprehensive analysis of the Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and projects the Global Indoor Lighting Management Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Indoor Lighting Management Market make the report investor’s guide.
The Scope of Global Indoor Lighting Management Market: Inquire before buying
| Global Indoor Lighting Management Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 22.92 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 11.34% | Market Size in 2029: | US $ 48.63 Bn. |
| Segments Covered: | by Product | Recessed Suspended Surface Mounted Wall Mounted Free Standing Downlights Projectors Multiple Lighting Systems Others |
|
| by Type | Ambient Lighting Task Lighting Accent Lighting |
||
| by Application | Ceiling lights Wall lights Picture lights Table lamps Floor lamps Bathroom lights Kitchen lights Commercial lights Others |
||
| by End-User | Residential Industrial Commercial Others |
||
Global Indoor Lighting Management Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global Indoor Lighting Management Market, Key Players are
1. Acuity Brands
2. Osram
3. Cree
4. General Electric
5. Eaton
6. Honeywell
7. Legrand
8. Hubbell Lighting
9. Zumtobel Group
10. Hafele Group
11. Lutron Electronics
12. Wipro Consumer Care and Lighting
13. Shenzhen MR LED
14. Virtual Extension
15. Syska LED
16. Leviton Manufacturing
17. Switchmate, Inc.
18. Gooee
19. Lifx
20. Isotera
21. Ketra
22. Tao Light
23. Nualight Limited
24. Arm
25. Crompton Greaves
26. Gstar Technology Co. Ltd
27. Thorn Lighting
28. Ushio Lighting Technologies
Frequently Asked Questions:
1. Which region has the largest share in Global Indoor Lighting Management Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Indoor Lighting Management Market?
Ans: The Global Indoor Lighting Management Market is growing at a CAGR of 11.34% during forecasting period 2023-2029.
3. What is scope of the Global Indoor Lighting Management Market report?
Ans: Global Indoor Lighting Management Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Indoor Lighting Management Market?
Ans: The important key players in the Global Indoor Lighting Management Market are – Acuity Brands, Osram, Cree, General Electric, Eaton, Honeywell, Legrand, Hubbell Lighting, Zumtobel Group, Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Shenzhen MR LED, Virtual Extension, Syska LED, Leviton Manufacturing, Switchmate, Inc., Gooee, Lifx, Isotera, Ketra, Tao Light, Nualight Limited, Arm, Crompton Greaves, Gstar Technology Co. Ltd, Thorn Lighting, Ushio Lighting Technologies.
5. What is the study period of this Market?
Ans: The Global Indoor Lighting Management Market is studied from 2022 to 2029.