|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 9.28 billion
|
|
Market Size (2030)
|
USD 18.95 billion
|
|
CAGR (2025-2030)
|
12.47%
|
|
Fastest Growing Segment
|
Retrofit Installation
|
|
Largest Market
|
North America
|
Market
Overview
The Global
Smart
Lighting Market was
valued at USD 9.28 billion in 2024 and is expected to reach USD 18.95 billion by
2030 with a CAGR of 12.47% during the forecast period.
The Smart
Lighting Market refers to the industry focused on advanced lighting solutions
that integrate digital technologies, sensors, wireless connectivity, and
automation to enhance efficiency, user experience, and energy management across
residential, commercial, industrial, and urban applications. Unlike
conventional lighting systems, smart lighting enables remote control,
customization of brightness and color, automation through motion or occupancy
sensors, and integration with broader smart home or smart city ecosystems. The
market is driven by the growing global emphasis on energy conservation,
sustainability goals, and government initiatives promoting efficient lighting
solutions as part of carbon reduction strategies.
The integration
of Internet of Things, artificial intelligence, and cloud-based platforms is
enabling enhanced functionalities such as predictive maintenance, real-time
energy consumption monitoring, and personalized lighting environments, further
boosting adoption. Urbanization and the rapid rise of smart city projects are
creating significant demand for intelligent lighting infrastructure,
particularly in outdoor and public spaces, where smart street lighting is
becoming a cornerstone of sustainable urban development. Additionally, rising
consumer awareness of energy costs, coupled with the increasing penetration of
connected devices, is encouraging adoption in households and commercial
establishments.
The market is
also witnessing advancements in wireless communication protocols such as
Zigbee, Bluetooth Low Energy, and Wi-Fi, which are making installations more
seamless and cost-effective. Furthermore, leading companies are investing in
research and development to enhance features like voice control integration,
adaptive lighting, and compatibility with digital assistants, making smart
lighting more user-friendly and accessible.
Key Market Drivers
Proliferation of
Energy-Efficient Technologies
In the dynamic landscape of
the Smart Lighting Market, the proliferation of energy-efficient technologies
emerges as a cornerstone driver, propelling telecommunications and building
operators to integrate advanced LED and sensor-based systems that optimize
energy consumption while enhancing operational performance across residential,
commercial, and industrial sectors. As global energy demands escalate, smart
lighting solutions equipped with intelligent controls, such as occupancy
sensors and daylight harvesting, enable significant reductions in electricity
usage, aligning with corporate sustainability goals and regulatory compliance
frameworks that emphasize carbon footprint minimization.
This driver is amplified by
the transition from traditional incandescent and fluorescent lighting to
LED-based smart systems, which offer superior longevity and lower heat
emission, thereby reducing maintenance costs and extending asset lifespans for
businesses seeking long-term financial advantages. Enterprises are increasingly
adopting these technologies to achieve energy management certifications,
fostering a competitive edge through data-driven insights derived from
integrated lighting platforms that monitor and adjust illumination in
real-time. The economic incentives, including rebates and tax credits for
energy-efficient upgrades, further accelerate market adoption, encouraging
investments in scalable smart lighting infrastructures that support broader
smart building ecosystems.
Moreover, the integration
of artificial intelligence in smart lighting allows for predictive analytics,
anticipating usage patterns to preemptively optimize energy flows, thus
contributing to grid stability and reducing peak load demands on utilities. This
technological evolution not only addresses environmental concerns but also
unlocks new revenue streams for manufacturers and service providers through
subscription-based lighting-as-a-service models that guarantee performance
metrics. Regulatory bodies worldwide are mandating higher efficiency standards,
compelling market players to innovate with adaptive lighting solutions that
dynamically respond to environmental variables, enhancing user comfort while
conserving resources.
The driver also influences
supply chain dynamics, as component suppliers focus on eco-friendly materials
and modular designs that facilitate easy upgrades, ensuring future-proof
investments for end-users. In essence, the proliferation of energy-efficient
technologies in the Smart Lighting Market reshapes industry paradigms, shifting
from static illumination to intelligent, responsive systems that drive
sustainable growth and economic resilience. This transformation is evident in
how smart lighting contributes to net-zero ambitions, with deployments in
large-scale projects demonstrating measurable ROI through energy audits and
performance benchmarking. Furthermore, collaborations between technology firms
and energy providers are fostering hybrid solutions that blend smart lighting
with renewable energy sources, amplifying efficiency gains.
The market's trajectory is
thus defined by a virtuous cycle where technological advancements spur
regulatory support, which in turn accelerates adoption, solidifying the Smart
Lighting Market's role in global energy transitions
The International Energy
Agency indicates that global electricity consumption for lighting has declined
by about 5% since peaking in 2010, despite expanded services, primarily due to
LED adoption which is 75% more efficient than incandescent bulbs. The US
Department of Energy projects continued improvements in LED efficacy through
2050, with current installations saving approximately 1.5 quadrillion BTUs
annually, equating to USD15 billion in energy cost reductions. These statistics
from international and government bodies underscore the push for smart lighting
to further curtail energy use in buildings and infrastructure.
Expansion of Smart Home
Ecosystems
The expansion of smart home
ecosystems serves as a vital driver in the Smart Lighting Market, as homeowners
and developers increasingly seek interconnected devices that offer seamless
control, customization, and integration with voice assistants and mobile
applications, thereby elevating living standards and property values in an era
of digital convenience. Smart lighting systems, compatible with platforms like
Amazon Alexa and Google Home, enable automated scenarios such as mood-based
illumination and security-linked activations, driving consumer demand for
intuitive, user-friendly solutions that enhance daily routines. This driver is
fueled by the convergence of wireless technologies, allowing for easy
retrofitting in existing homes without extensive rewiring, which lowers
barriers to entry and accelerates market penetration among tech-savvy
demographics.
Businesses in the sector
are capitalizing on this trend by offering bundled packages that combine
lighting with other smart devices, creating comprehensive ecosystems that
foster brand loyalty and recurring revenue through software updates and premium
features. The economic impact includes increased home resale values, as smart
lighting contributes to energy savings and aesthetic appeal, appealing to
environmentally conscious buyers. Regulatory incentives for smart home
technologies further bolster this expansion, promoting interoperability
standards that ensure compatibility across brands, thus reducing consumer
hesitation. In commercial terms, the driver enables data monetization
opportunities, where aggregated usage insights inform product improvements and
targeted marketing strategies.
As urbanization
intensifies, smart lighting becomes integral to modern housing developments,
supporting features like remote monitoring that cater to busy lifestyles. This
evolution positions the Smart Lighting Market as a key enabler for the broader
smart home industry, where lighting acts as the gateway to more advanced
automations. Ultimately, the expansion drives innovation cycles, with
manufacturers investing in user-centric designs that prioritize ease of
installation and privacy protections to sustain long-term growth.
Quantitative data on smart
home adoption reveals that over half of US consumers are projected to integrate
smart home technologies by 2025, up from approximately 40% in 2021, according
to industry analyses. In Europe, Eurostat reports that 15% of households used
smart devices in 2022, with lighting among the top categories. These figures
from government statistical offices and associations highlight rising
penetration, with North American smart home households reaching 60 million in
2023, fueling demand for integrated lighting solutions.
Advancements in IoT and
Connectivity Technologies
Advancements in Internet of
Things and connectivity technologies represent a transformative driver for the
Smart Lighting Market, empowering systems with real-time data exchange, remote
management, and AI-driven optimizations that extend beyond basic illumination
to intelligent environmental control, thereby revolutionizing how spaces are
lit and managed for efficiency and user experience. IoT-enabled smart lights
facilitate mesh networks that ensure reliable communication even in large
areas, supporting applications from adaptive street lighting to personalized
office environments, which attract investments from infrastructure developers
seeking scalable solutions.
This driver is propelled by
the maturation of protocols like Zigbee and Bluetooth Low Energy, enabling
low-power, high-security connections that integrate lighting with broader IoT
ecosystems, reducing operational overheads for enterprises. Telecommunications
and tech firms are leveraging these advancements to offer platform-agnostic
APIs, allowing developers to create custom applications that enhance
functionality, such as integrating with HVAC systems for holistic building
management. The business value lies in predictive maintenance capabilities,
where connectivity allows for fault detection and automated updates, minimizing
downtime and extending product lifecycles.
Regulatory pushes for
connected infrastructure in smart cities further accelerate this trend,
mandating IoT compatibility for public projects. In strategic contexts,
advancements drive partnerships that blend lighting with edge computing,
enabling faster response times and data privacy compliance. This dynamic
positions the Smart Lighting Market at the intersection of connectivity and
sustainability, where IoT advancements catalyze new use cases in healthcare and
retail.
GSMA Intelligence forecasts
global IoT connections to reach 38.7 billion by 2030, with enterprise segments
driving growth at a 10% CAGR from 2022. The International Telecommunication
Union notes IoT deployments in smart buildings, including lighting, contributing
to 30% energy savings. These stats from industry associations emphasize
connectivity's role, with cellular IoT modules exceeding 5 billion in 2024,
supporting advanced smart lighting integrations worldwide.
Growth in Commercial and
Industrial Applications
The growth in commercial
and industrial applications acts as a strategic driver in the Smart Lighting
Market, as businesses deploy adaptive lighting systems to improve productivity,
safety, and cost efficiencies in warehouses, offices, and manufacturing facilities,
where precise illumination control directly impacts operational outcomes and
employee well-being. Smart lighting in these sectors enables zone-specific
adjustments, integrating with sensors for occupancy-based operations that slash
energy bills and comply with stringent safety standards. This driver is
supported by the shift towards Industry 4.0, where lighting systems interface
with automation tools to optimize workflows, such as dynamic lighting in
assembly lines that reduces errors.
Enterprises benefit from
ROI through reduced utility expenses and enhanced asset utilization, prompting
investments in robust, industrial-grade solutions that withstand harsh
environments. Regulatory requirements for workplace lighting further propel adoption,
ensuring compliance while fostering innovation in tunable white light for shift
workers. In business models, this growth enables service-oriented offerings,
like remote monitoring subscriptions that provide analytics for continuous
improvement. The expansion underscores the Smart Lighting Market's role in
industrial digitalization, driving alliances with automation providers.
World Bank data on
industrial energy use indicates that efficient lighting can reduce consumption
by 20-40% in commercial sectors, with global industrial output growing 3%
annually. Industry associations report North American commercial lighting
markets valued at USD 15 billion in 2022, projected to reach USD 23 billion by
2030. These figures from international organizations highlight application
growth, with LED penetration in industrial settings at 60% in developed
regions, boosting smart variants.
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Key Market Challenges
High Initial Investment and
Installation Costs
One of the most significant
challenges faced by the smart lighting market is the high initial investment
and installation costs, which continue to act as a barrier for widespread
adoption. Smart lighting systems, which consist of sensors, connected bulbs,
wireless communication modules, gateways, and integrated control platforms,
require substantial upfront capital. In addition, the cost of replacing
conventional lighting infrastructure with connected lighting fixtures often
involves extensive retrofitting, cabling, and integration expenses. For many
small- and medium-sized businesses, as well as residential customers in
developing regions, these costs outweigh the long-term benefits of reduced
electricity consumption and improved energy efficiency.
Furthermore, professional
installation is often necessary, which adds another layer of expenditure in
terms of labor costs, maintenance contracts, and specialized technical
services. Even though smart lighting solutions can provide cost savings over
time through energy optimization and reduced operational costs, the payback
period can be relatively long, which discourages budget-conscious consumers and
businesses. Additionally, government subsidies and incentive programs are not
uniformly available across global markets, further widening the affordability
gap.
This makes adoption more
concentrated in advanced economies while slowing penetration in price-sensitive
regions. To overcome this challenge, companies must innovate to reduce
manufacturing costs, create modular systems for phased upgrades, and encourage
financing models such as leasing or energy savings–based contracts. Without
addressing the cost barrier, the market risks limiting its reach primarily to
premium segments, hindering the pace of overall growth.
Interoperability and
Standardization Issues
Another pressing challenge
for the smart lighting market is the lack of interoperability and
standardization across platforms, devices, and protocols. The smart lighting
ecosystem involves numerous stakeholders, including device manufacturers,
software providers, communication protocol developers, and system integrators.
Each company often develops proprietary systems and solutions, which results in
fragmentation of the market. For instance, smart lighting devices may operate
on different wireless communication standards such as Zigbee, Z-Wave, Bluetooth
Low Energy, or Wi-Fi, leading to incompatibility when users attempt to
integrate products from multiple vendors.
This creates confusion for
consumers, increases the complexity of system deployment, and often restricts
users to single-vendor ecosystems, thereby reducing flexibility and increasing
costs. Furthermore, the lack of universal protocols raises concerns regarding
scalability, as businesses and municipalities that deploy smart lighting in
large-scale projects, such as smart city initiatives, may encounter integration
hurdles. Inconsistent performance and the absence of seamless interoperability
also reduce user confidence and satisfaction, thereby slowing market adoption.
From a commercial perspective, enterprises require unified management systems
to optimize large deployments, but fragmented solutions hinder centralized
control and analytics.
Industry associations and
standardization bodies are working towards establishing common frameworks, yet
adoption of such standards is still evolving. Until the industry embraces
universal compatibility and develops platforms that can seamlessly integrate
heterogeneous devices, the smart lighting market will continue to face
bottlenecks in achieving mass adoption. Addressing this challenge requires
collaborative efforts from stakeholders to develop open platforms, encourage
cross-industry partnerships, and enhance interoperability testing to ensure
reliable performance across diverse ecosystems.
Key Market Trends
Increasing Integration of
Smart Lighting with Internet of Things Ecosystems
The smart lighting market
is experiencing a significant trend in the increasing integration of smart
lighting systems with Internet of Things ecosystems, reshaping how residential,
commercial, and industrial environments function. As businesses and consumers
adopt connected devices at an accelerated pace, the demand for seamless
interaction between smart lighting systems and broader Internet of Things
platforms is growing rapidly. This integration allows lighting solutions to go
beyond simple illumination and instead function as intelligent components
within connected ecosystems, enabling real-time monitoring, automation, and
enhanced energy management.
For instance, smart
lighting systems connected with Internet of Things-enabled sensors can
automatically adjust brightness and color temperature in response to occupancy
levels, daylight availability, and even user behavior patterns. In commercial
settings, this creates not only energy efficiency but also productivity gains
by optimizing lighting environments to improve comfort and employee
performance. Additionally, municipalities worldwide are adopting Internet of
Things-enabled smart street lighting to improve energy savings, enhance public
safety, and facilitate smart city initiatives by integrating lighting
infrastructure with traffic, weather, and environmental sensors.
The ongoing trend of
interoperability is further driving this integration, as manufacturers are
increasingly ensuring compatibility with leading Internet of Things platforms
such as Amazon Alexa, Google Assistant, and Apple HomeKit. This convergence of
technologies is encouraging widespread adoption, as consumers and enterprises
seek unified systems that are easy to operate, scalable, and capable of
providing value-added services. As Internet of Things ecosystems evolve, the
role of smart lighting as a foundational element of connected environments is
expected to expand, establishing it as a key enabler of smart homes, smart
offices, and smart cities, thereby contributing significantly to the future
growth of the smart lighting market.
Rising Adoption of
Human-Centric Lighting Solutions
Another prominent trend
shaping the smart lighting market is the rising adoption of human-centric
lighting solutions that prioritize occupant well-being, health, and
productivity. Unlike traditional lighting, human-centric lighting systems are
designed to align with the natural circadian rhythm of individuals, using
adjustable color temperatures and light intensities to mimic the patterns of
natural daylight. This trend has gained momentum due to growing awareness of
the impact of lighting on human health, sleep quality, and overall performance.
For example, in workplaces, dynamic smart lighting can simulate natural light
variations, enhancing focus and reducing fatigue, while in healthcare
environments, such systems can contribute to faster recovery and improved
patient comfort.
In residential spaces,
human-centric lighting provides households with personalized lighting settings
that adapt to different times of the day, supporting relaxation in the evening
and alertness in the morning. This growing adoption is being driven by advancements
in LED technology, software-based lighting controls, and integration with
mobile applications that enable users to customize their lighting environment
with ease. The corporate sector, in particular, is investing in human-centric
lighting as part of broader workplace wellness initiatives aimed at enhancing
employee satisfaction and reducing stress.
Similarly, educational
institutions are deploying such systems to improve student concentration and
learning outcomes. The trend also aligns with sustainability goals, as
human-centric smart lighting is often paired with energy-efficient controls,
delivering both environmental and operational benefits. As consumer demand for
health-oriented technologies continues to rise, human-centric smart lighting
solutions are expected to play a central role in the expansion of the smart
lighting market, particularly in developed economies where lifestyle-driven
innovations are in high demand.
Growing Focus on Energy
Efficiency and Sustainability
A major trend influencing
the trajectory of the smart lighting market is the growing focus on energy
efficiency and sustainability, supported by global efforts to reduce carbon
emissions and optimize resource utilization. Governments, businesses, and consumers
are increasingly prioritizing sustainable technologies that minimize
environmental impact, and smart lighting systems are emerging as a key solution
in this transition. The adoption of energy-efficient smart lighting is being
accelerated by regulatory mandates, building codes, and government incentives
that promote the replacement of conventional lighting with advanced LED-based
smart systems.
These systems leverage
automation, occupancy sensing, daylight harvesting, and remote management to
significantly cut down on electricity consumption while maintaining optimal
lighting levels. For example, smart street lighting initiatives are being rolled
out in cities worldwide to reduce energy usage, lower operational costs, and
improve environmental outcomes, contributing to broader smart city objectives.
In commercial and industrial spaces, smart lighting solutions are integrated
with energy management systems, enabling organizations to monitor and control
energy consumption with precision, thereby reducing operational expenditures
and meeting sustainability targets.
The residential sector is
also witnessing increased adoption, as consumers embrace smart lighting systems
that not only reduce utility bills but also align with eco-conscious
lifestyles. Additionally, corporations are increasingly positioning their adoption
of smart lighting as part of environmental, social, and governance commitments,
enhancing their sustainability credentials in the eyes of stakeholders and
investors.
The synergy of
technological innovation, regulatory support, and consumer awareness is
amplifying this trend, positioning energy-efficient and sustainable smart
lighting solutions as an indispensable element of global energy transition
strategies. Over the coming years, this trend is expected to be one of the
strongest growth drivers of the smart lighting market, as stakeholders across
all sectors recognize its role in shaping a greener and more efficient future.
Segmental Insights
Offering Insights
In 2024, the hardware
segment dominated the global smart lighting market and is expected to maintain
its dominance during the forecast period. The growing demand for
energy-efficient lighting systems, advanced sensors, wireless connectivity
modules, and smart bulbs has positioned hardware as the largest revenue
contributor in this industry. Consumers and businesses are increasingly
adopting smart bulbs, luminaires, and lighting controls to reduce electricity
consumption and optimize energy usage, which directly drives the demand for
hardware. Moreover, the expansion of smart cities and the integration of the
Internet of Things in building automation systems have further accelerated the
deployment of hardware components such as controllers, dimmers, and occupancy
sensors.
Manufacturers are also
focusing on offering hardware products with enhanced durability, improved
connectivity, and compatibility with various platforms, making them attractive
for both residential and commercial applications. Additionally, the replacement
of conventional lighting infrastructure with connected lighting systems in
offices, retail spaces, and public areas has expanded the adoption of hardware
solutions on a global scale.
The rising popularity of
wireless communication technologies such as Bluetooth, Zigbee, and Wi-Fi has
enhanced the effectiveness and scalability of smart lighting hardware, leading
to sustained market leadership. Furthermore, the integration of artificial
intelligence and advanced analytics into lighting hardware is enabling more
personalized, adaptive, and energy-saving solutions, making the segment
increasingly relevant for urban infrastructure development and enterprise-level
deployment. As a result, the hardware segment not only leads in terms of
adoption but is also anticipated to hold a consistent share of the market in
the years ahead, driven by technological advancements, government initiatives
for energy conservation, and increasing consumer awareness regarding
sustainable living.
Installation Type Insights
In
2024, the new installation segment dominated the smart lighting market and is
expected to maintain its dominance during the forecast period. The growth of
this segment is largely driven by the rising demand for modern infrastructure
development, particularly in urban areas and emerging economies where smart
city initiatives are being actively promoted. Governments and private
developers are increasingly focusing on constructing technologically advanced
residential, commercial, and industrial buildings, where smart lighting systems
are being integrated from the planning and design phase.
New
installations provide significant advantages such as seamless integration with
Internet of Things ecosystems, advanced energy management capabilities, and
long-term cost efficiency compared to traditional lighting solutions.
Additionally, the adoption of new installation smart lighting systems is
gaining traction in sectors such as healthcare, retail, hospitality, and
corporate offices, as organizations prioritize sustainable operations and
energy-efficient technologies. The integration of features such as motion
sensors, wireless connectivity, and adaptive brightness control enhances both
user convenience and energy savings, further boosting demand. Unlike retrofit
installations, new installations allow for full-scale implementation of
advanced smart lighting controls, avoiding limitations posed by existing legacy
systems.
Moreover,
large-scale infrastructure projects, commercial real estate development, and
smart residential complexes are fueling the adoption of smart lighting in new
installations, supported by favorable regulatory frameworks emphasizing green
building standards and sustainability. Continuous advancements in hardware and
software offerings, including wireless communication technologies and
cloud-based monitoring, are further making new installations more attractive.
With ongoing investments in smart cities and global initiatives toward reducing
carbon emissions, the new installation segment is well-positioned to lead the
smart lighting market, offering substantial growth opportunities and long-term
dominance in the coming years.
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Regional Insights
Largest Region
In 2024, Europe emerged as the dominant region in
the global smart lighting market and is expected to maintain its dominance
during the forecast period. The region’s leadership position is primarily
attributed to strong government initiatives promoting energy efficiency,
sustainability, and the adoption of smart city solutions across countries such
as Germany, the United Kingdom, France, and the Netherlands. Europe has been at
the forefront of implementing stringent energy efficiency regulations and environmental
policies, which have created a strong demand for advanced lighting systems that
consume less power while offering enhanced functionality. Additionally, the
rapid expansion of smart city projects, combined with large-scale deployment of
intelligent street lighting systems, has accelerated market adoption in the
region.
The presence of key smart lighting manufacturers
and technology providers, who continue to innovate with Internet of Things
enabled and sensor-based solutions, has further strengthened Europe’s market
dominance. Moreover, the rising consumer preference for connected homes,
alongside growing investments in commercial infrastructure such as offices,
retail outlets, and public facilities, has amplified demand for smart lighting
solutions. The integration of smart lighting with building automation systems and
the increasing popularity of wireless and cloud-based platforms are also
enhancing adoption rates. Furthermore, supportive funding programs by the
European Union for green technologies and energy-saving solutions are creating
favorable conditions for both public and private sector deployments.
With its advanced technological infrastructure,
strong regulatory framework, and commitment toward sustainability, Europe is
well positioned to sustain its leading role in the smart lighting market over
the coming years, consistently driving innovation and large-scale
implementation across residential, commercial, and public sectors.
Emerging Region
The Middle East and Africa region is emerging as a
promising area in the global smart lighting market during the forecast period,
primarily driven by increasing government investments in infrastructure
development, urban modernization, and the growing adoption of energy-efficient
technologies. Countries across the Middle East such as the United Arab
Emirates, Saudi Arabia, and Qatar are actively pursuing smart city projects
under their national transformation programs, which are creating demand for
advanced smart lighting systems in both residential and commercial sectors. The
integration of smart lighting into large-scale developments such as smart
buildings, transport hubs, and industrial parks highlights the region’s rising
potential.
In Africa, the expansion of urban areas, along with
initiatives to improve electricity access and reduce energy consumption, is
gradually paving the way for the adoption of smart lighting solutions. The
ongoing digital transformation in African cities, coupled with support from
international investors and collaborations with global technology companies, is
expected to accelerate market penetration.
Additionally, rising awareness of the cost savings
and sustainability benefits associated with smart lighting is encouraging
governments, businesses, and households to shift from conventional lighting to
intelligent, connected systems. While the region is still at an early adoption
stage compared to more developed markets, its combination of infrastructure
growth, favorable policies, and increasing focus on sustainable development
places it firmly as the emerging region in the global smart lighting market, with
substantial potential for expansion in the years ahead.
Recent Development
- In January 2025, Signify
reported a nearly 10 percent decline in its 2024 core profits, with adjusted
EBITA dropping to USD 626 million, slightly below forecasts. Chief Executive
Officer Eric Rondolat also announced his decision to step down after the April
annual meeting. To reassure investors amid challenges from United States
tariffs and profit pressures, the company revealed measures including a higher
cash dividend of USD 1.56 per share and a share repurchase program of USD350–450
million to be executed by 2027.
- On January 7, 2025, Signify
introduced major Philips Hue innovations, including a generative AI assistant
in the Hue app that delivers personalized lighting based on mood or occasion.
Under the “Hue Secure” line, new home security features were added, such as
smoke alarm sound detection, expanded voice and app controls, and enhanced
compatibility with Amazon Alexa and Google Nest Hub. Additionally, the Philips
Hue Sync TV app was extended to support 2024 LG TVs, offering immersive ambient
lighting synchronized with streamed content.
- In October 2024, Hubbell
Incorporated increased its full-year adjusted profit outlook, supported by
robust demand for power grid equipment amid ongoing U.S. electric transmission
upgrades and rising energy needs fueled by data center growth. During the third
quarter, the company’s utility solutions segment recorded an 11 percent
increase, underscoring its strengthening position in high-growth utility
markets. This performance reflects Hubbell’s strategic alignment with expanding
infrastructure investments and the accelerating transition toward advanced and
resilient power systems across the United States.
- In early 2025, Eaton finalized
the acquisition of Fibrebond, a prominent provider of modular solutions serving
data centers, telecommunications networks, and industrial applications. This
strategic move enhances Eaton’s capabilities in delivering integrated power and
infrastructure solutions, strengthens its position in the rapidly expanding
data center market, and broadens its offerings across critical industrial and
telecom sectors. The acquisition aligns with Eaton’s long-term growth strategy,
focusing on innovation, operational efficiency, and expanding its footprint in
high-demand technology and infrastructure markets worldwide.
Key Market Players
- Signify N.V. (formerly Philips
Lighting)
- Acuity Brands, Inc.
- Osram Licht AG (now
part of ams OSRAM)
- Hubbell Incorporated
- Cree Lighting (a brand
of IDEAL Industries, Inc.)
- Eaton Corporation plc
- Zumtobel Group AG
- General Electric
Company (GE Lighting, now part of Savant Systems Inc.)
- Lutron Electronics Co.,
Inc.
- Honeywell International
Inc.
|
By Offering
|
By Installation Type
|
By End-User
|
By Region
|
|
|
- New
Installation
- Retrofit
Installation
|
- Residential
- Commercial
- Industrial
- Public
Infrastructure
|
- North
America
- Europe
- South
America
- Middle East
& Africa
- Asia Pacific
|
Report Scope:
In this report, the Global Smart Lighting Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Smart Lighting Market, By
Offering:
o Hardware
o Software
o Services
- Smart Lighting Market, By
Installation Type:
o New Installation
o Retrofit Installation
- Smart Lighting Market, By
End-User:
o Residential
o Commercial
o Industrial
o Public Infrastructure
- Smart Lighting Market, By
Region:
o North America
§
United
States
§
Canada
§
Mexico
o Europe
§
Germany
§
France
§
United
Kingdom
§
Italy
§
Spain
o South America
§
Brazil
§
Argentina
§
Colombia
o Asia-Pacific
§
China
§
India
§
Japan
§
South
Korea
§
Australia
o Middle East & Africa
§
Saudi
Arabia
§
UAE
§
South
Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Smart Lighting Market.
Available Customizations:
Global Smart Lighting Market report with the
given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
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profiling of additional market players (up to five).
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