Smart Lighting Market by Product Type (Smart Bulbs, Fixtures, and Lighting Controls), Light Source (Fluorescent, LED, HID), Communication Technology (Wired, and Wireless), Software & Service, Application, and Geography - Global Forecast to 2022

 Published On: Sep, 2016 |    No of Pages: 172 |  Published By: MarketsandMarkets | Format: PDF
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Smart lighting market expected to grow at a high rate between 2016 and 2022

The global smart lighting market is expected to be valued at USD 19.47 billion by 2022 and is expected to witness a shipment of 1.27 billion units by 2022, at a CAGR of 27.1% and 71.3%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, increasing demand for intelligent solutions for street lighting systems and the development in IoT technology in the field of smart lighting are expected to drive the growth of this market. Lack of awareness regarding installation costs and payback periods, and security and privacy issues regarding network connectivity are inhibiting the growth of the smart lighting market.   

LED light source to be the leading segment of the smart lighting market and is expected to grow at the highest rate during the forecast period

The high growth of LED light source can be attributed to the fact that it offers a wide range of advantages over conventional light sources, such as low maintenance cost, longer endurance, low power consumption, and also the gradual decrease in price of LED components.

Europe expected to hold the largest market share during the forecast period

The market in Europe is expected to grow at a moderate rate in the overall market till 2022. The combination of multiple factors makes Europe the most dynamic region in the smart lighting market. The reason for Europe to be the leading market is because it is home to some of the top players in the smart lighting market such as Schneider Electric SE (France), OSRAM Licht AG (Germany), Legrand SA (France), among others.

Besides these, Europe has a very high standard of living among its population, and there is an increasing growth of smart homes. The European Union also has legislations for energy efficiency and smart lighting.

In the process of determining and verifying the market size for several segments and sub segments of the smart lighting gathered through the secondary research, extensive primary interviews have been conducted with key people. The breakup of the profiles of primary participants is shown below: 

• By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
• By Designation: C-Level Executives– 35%, Directors– 25%, and Others – 40%
• By Region: North America – 30%, Europe – 45%, APAC – 20%, and RoW – 5%

The geographic segmentation in the report covers the four major regions of the world, namely, North America, Europe, APAC, and RoW. The report also profiles major players in the Smart Lighting market. Some of the major players in this market are as Philips Lighting (Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany), Honeywell International (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.), Legrand S.A. (France), Lutron Electronics Company, Inc. (U.S.), StreetLight. Vision (France), Schneider Electric SE (France), and Cree, Inc. (U.S.), among others.

The product type segment in the report covers the market size for smart bulbs, fixtures, and various lighting control components of a smart lighting system. The lighting source segment covers the different types of lighting sources used for a smart lighting system, these include fluorescent type, LED type, high intensity discharge lamp types, including the ones retrofitted on previous generation lighting systems. The communication technology segment covers the different types of wired and wireless communication technology protocols used in the smart lighting market. The application segment covers the different verticals and end-users within the lighting for indoors and outdoors of the smart lighting market.
 
Reasons to Buy the Report:

This report caters to the needs of leading companies, industries, component manufacturers, and other related stakeholders in this market. Other parties that could benefit from the report include government bodies, environmental agencies, consulting firms, business development executives, C-level executives, and VPs. Our report would help analyze new opportunities and potential revenue sources and enhance the decision-making process for new business strategies. The quantitative and qualitative information in the report, along with our comprehensive analysis, would help a player to gain a competitive edge in the market.
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 SCOPE OF THE STUDY 16
1.3.1 MARKETS COVERED 16
1.3.2 GEOGRAPHIC SCOPE 17
1.3.3 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 PACKAGE SIZE 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL SMART LIGHTING MARKET 31
4.2 SMART LIGHTING MARKET, BY PRODUCT TYPE 31
4.3 SMART LIGHTING MARKET, BY APPLICATION 32
4.4 SMART LIGHTING MARKET, BY LIGHT SOURCE 32
4.5 SMART LIGHTING MARKET, BY GEOGRAPHY 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET EVOLUTION 35
5.3 MARKET SEGMENTATION 36
5.3.1 BY LIGHT SOURCE 36
5.3.2 BY PRODUCT TYPE 37
5.3.3 BY COMMUNICATION TECHNOLOGY 37
5.3.4 BY APPLICATION 37
5.3.5 BY SOFTWARE & SERVICE 38
5.3.6 BY GEOGRAPHY 38
5.4 MARKET DYNAMICS: SMART LIGHTING MARKET 39
5.4.1 DRIVERS 39
5.4.1.1 Demand for smart lighting is being driven by the modernization and development of infrastructure such as smart cities 39
5.4.1.2 Increased demand for intelligent solutions for street lighting systems 40
5.4.1.3 Need for energy-efficient lighting systems 40
5.4.1.4 Acceptance of standard protocols for lighting control 41
5.4.2 RESTRAINTS 42
5.4.2.1 Lack of awareness regarding installation costs and payback periods 42
5.4.2.2 Security and privacy issues inhibit the growth of smart lighting 42
5.4.3 OPPORTUNITIES 42
5.4.3.1 Development of wireless technology for smart lighting systems 42
5.4.3.2 Adoption of smart lighting for smart cities 42
5.4.3.3 Consumer awareness about the importance of energy saving 43
5.4.3.4 Development of IoT technology in the field of smart lighting 43
5.4.4 CHALLENGES 44
5.4.4.1 Lack of common open standards 44

6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 VALUE CHAIN ANALYSIS 45
6.2.1 RESEARCH AND DEVELOPMENT 46
6.2.2 SMART LIGHTING ORIGINAL EQUIPMENT MANUFACTURERS 46
6.2.3 KEY TECHNOLOGY PROVIDERS/SYSTEM INTEGRATORS 46
6.2.4 DISTRIBUTORS/MARKETING 46
6.3 KEY INDUSTRY TRENDS 47
6.4 PORTER’S FIVE FORCES ANALYSIS 48
6.4.1 BARGAINING POWER OF SUPPLIERS 50
6.4.2 BARGAINING POWER OF BUYERS 51
6.4.3 THREAT OF NEW ENTRANTS 52
6.4.4 THREAT OF SUBSTITUTES 53
6.4.5 COMPETITIVE RIVALRY 54

7 SMART LIGHTING MARKET, BY LIGHT SOURCE 55
7.1 INTRODUCTION 56
7.1.1 FLUORESCENT LAMPS (FL) 57
7.1.1.1 Compact fluorescent lamps (CFL) 57
7.1.2 LIGHT EMITTING DIODE (LED) 59
7.1.3 HIGH-INTENSITY DISCHARGE LAMPS (HID) 60
7.1.4 OTHERS 62

8 SMART LIGHTING MARKET, BY PRODUCT TYPE 63
8.1 INTRODUCTION 64
8.2 LUMINARIES 65
8.2.1 SMART BULBS 65
8.2.2 FIXTURES 65
8.3 LIGHTING CONTROLS 66
8.3.1 LED DRIVERS & BALLASTS 66
8.3.2 SENSORS 66
8.3.3 SWITCHES & DIMMERS 67
8.3.4 RELAY UNITS 67
8.3.5 GATEWAYS 67

9 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 69
9.1 INTRODUCTION 70
9.2 WIRED COMMUNICATION TECHNOLOGIES 72
9.2.1 DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI) 72
9.2.2 POWERLINE COMMUNICATION (PLC) 73
9.2.3 POWER OVER ETHERNET (POE) 73
9.2.4 WIRED HYBRID PROTOCOLS 73
9.2.5 OTHERS 74
9.2.5.1 Proprietary protocols 74
9.2.5.2 KNX 74
9.2.5.3 LonWorks 74
9.3 WIRELESS CONNECTIVITY TECHNOLOGIES 77
9.3.1 ZIGBEE 77
9.3.2 BLUETOOTH/BLE 77
9.3.3 ENOCEAN 78
9.3.4 WI-FI 78
9.3.5 6LOWPAN 78
9.3.6 WIRELESS HYBRID PROTOCOLS 78
9.3.7 OTHERS 78

10 SMART LIGHTING MARKET, BY APPLICATION 81
10.1 INTRODUCTION 82
10.1.1 INDOOR LIGHTING 83
10.1.1.1 Residential 83
10.1.1.1.1 Increasing standard of living 83
10.1.1.2 Commercial 83
10.1.1.2.1 Office lighting 84
10.1.1.2.2 Retail 84
10.1.1.2.3 Hospitality 84
10.1.1.3 Industrial 84
10.1.1.3.1 Safety of workers in industrial areas 84
10.1.1.4 Others 85
10.1.1.4.1 Government & public places 85
10.1.2 OUTDOOR LIGHTING 93
10.1.2.1 Highways & roadways lighting 93
10.1.2.1.1 Different lighting controls for different types of roads, bridges, and tunnels 93
10.1.2.2 Architectural lighting 93
10.1.2.3 Lighting for public places 93
10.1.2.4 Others 93

11 SMART LIGHTING MARKET, BY SOFTWARE & SERVICE 100
11.1 INTRODUCTION 101
11.2 SOFTWARE & SERVICE 101
11.2.1 SMARTPHONE APPLICATION 101
11.2.2 LIGHTING AS A SERVICE 101

12 GEOGRAPHIC ANALYSIS 103
12.1 INTRODUCTION 104
12.2 NORTH AMERICA 106
12.2.1 U.S. 106
12.2.1.1 Building codes expected to boost the adoption of new technologies in light switches 106
12.2.2 CANADA 106
12.2.2.1 Growing adoption of LED lighting systems 106
12.3 EUROPE 110
12.3.1 U.K. 110
12.3.1.1 Demand for energy-saving and long-lasting lighting systems driving the market in the U.K. 110
12.3.2 GERMANY 110
12.3.2.1 High demand for smart homes driving the smart lighting market in Germany 110
12.3.3 FRANCE 110
12.3.3.1 Growing awareness toward energy conservation 110
12.3.4 ITALY 111
12.3.4.1 High demand from the rebounding construction sector 111
12.3.5 REST OF EUROPE 111
12.3.5.1 Increasing investments to fuel the growth of this market in the future 111
12.3.5.2 Spain 111
12.3.5.2.1 Government regulations for reducing emissions driving the adoption of intelligent lighting 111
12.4 ASIA-PACIFIC 115
12.4.1 CHINA 115
12.4.1.1 Increasing government expenditure on public infrastructure 115
12.4.2 JAPAN 115
12.4.2.1 Focus on energy management solutions 115
12.4.3 REST OF APAC 115
12.4.3.1 Australia and Indonesia: Emerging markets with significant potential 115
12.4.3.2 India: Strong economic outlook expected to drive the growth 115
12.4.3.3 South Korea: Energy efficiency labels & standards program expected to boost growth of smart lighting systems 116
12.5 REST OF THE WORLD 119
12.5.1.1 Focus on real estate & urbanization 119

13 COMPETITIVE LANDSCAPE 121
13.1 INTRODUCTION 121
13.2 RANKING OF MARKET PLAYERS, 2015 122
13.3 COMPETITIVE SCENARIO AND TRENDS 124
13.3.1 NEW PRODUCT LAUNCHES, NEW PRODUCT EXPANSIONS, AND PATENTS 125
13.3.2 ALLIANCES, BUSINESS EXPANSIONS, AND CONTRACTS 126
13.3.3 MERGERS & ACQUISITIONS 127

14 COMPANY PROFILES 128
14.1 INTRODUCTION 128 (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
14.2 PHILIPS LIGHTING HOLDING B.V. 129
14.3 ACUITY BRANDS LIGHTING, INC. 133
14.4 GENERAL ELECTRIC COMPANY 136
14.5 OSRAM LICHT AG 139
14.6 HONEYWELL INTERNATIONAL INC. 142
14.7 LEGRAND S.A. 145
14.8 SCHNEIDER ELECTRIC SE 148
14.9 CREE, INC. 150
14.10 COOPER INDUSTRIES, INC. 153
14.11 DIGITAL LUMENS, INC. 154
14.12 LUTRON ELECTRONICS CO., INC. 156
14.13 STREETLIGHT.VISION 158

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX 159
15.1 INSIGHTS OF INDUSTRY EXPERTS 159
15.2 DISCUSSION GUIDE 160
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 164
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 166
15.5 AVAILABLE CUSTOMIZATIONS 168
15.6 RELATED REPORTS 169

LIST OF TABLES

TABLE 1 MARKET SEGMENTATION, BY LIGHT SOURCE 36
TABLE 2 MARKET SEGMENTATION, BY PRODUCT TYPE 37
TABLE 3 MARKET SEGMENTATION, BY COMMUNICATION TECHNOLOGY 37
TABLE 4 MARKET SEGMENTATION, BY APPLICATION 37
TABLE 5 MARKET SEGMENTATION, BY SOFTWARE & SERVICE 38
TABLE 6 SMART LIGHTING MARKET, BY LIGHT SOURCE, 2013–2022 (USD MILLION) 56
TABLE 7 SMART LIGHTING MARKET, BY LIGHT SOURCE, 2013–2022 (MILLION UNITS) 57
TABLE 8 SMART LIGHTING MARKET FOR FLUORESCENT LIGHT SOURCE, BY APPLICATION, 2013–2022 (USD MILLION) 58
TABLE 9 SMART LIGHTING MARKET FOR FLUORESCENT LIGHT SOURCE, BY APPLICATION, 2013–2022 (MILLION UNITS) 59
TABLE 10 SMART LIGHTING MARKET FOR LED LIGHT SOURCE, BY APPLICATION, 2013–2022 (USD MILLION) 60
TABLE 11 SMART LIGHTING MARKET FOR LED LIGHT SOURCE, BY APPLICATION, 2013–2022 (MILLION UNITS) 60
TABLE 12 SMART LIGHTING MARKET FOR HID LIGHT SOURCE, BY APPLICATION, 2013–2022 (USD MILLION) 61
TABLE 13 SMART LIGHTING MARKET FOR HID LIGHT SOURCE, BY APPLICATION, 2013–2022 (MILLION UNITS) 61
TABLE 14 SMART LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY APPLICATION, 2013–2022 (USD MILLION) 62
TABLE 15 SMART LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY APPLICATION, 2013–2022 (MILLION UNITS) 62
TABLE 16 SMART LIGHTING MARKET, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 64
TABLE 17 SMART LIGHTING MARKET, BY PRODUCT TYPE, 2013–2022 (MILLION UNITS) 65
TABLE 18 SMART LIGHTING MARKET, BY LIGHTING CONTROL, 2013–2022 (USD MILLION) 67
TABLE 19 SMART LIGHTING MARKET, BY LIGHTING CONTROL, 2013–2022 (MILLION UNITS) 68
TABLE 20 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2013–2022 (USD MILLION) 70
TABLE 21 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2013–2022 (MILLION UNITS) 71
TABLE 22 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 71
TABLE 23 SMART LIGHTING MARKET, BY WIRED COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 72
TABLE 24 SMART LIGHTING MARKET FOR WIRED TECHNOLOGIES, BY APPLICATION, 2013–2022 (USD MILLION) 75
TABLE 25 SMART LIGHTING MARKET FOR WIRED TECHNOLOGIES, BY APPLICATION, 2013–2022 (MILLION UNITS) 75
TABLE 26 SMART LIGHTING MARKET FOR PLC WIRED TECHNOLOGIES, BY APPLICATION, 2013–2022 (USD MILLION) 76
TABLE 27 SMART LIGHTING MARKET FOR OTHER WIRED TECHNOLOGIES, BY APPLICATION, 2013–2022 (USD MILLION) 76
TABLE 28 SMART LIGHTING MARKET, BY WIRELESS COMMUNICATION TECHNOLOGY PROTOCOLS, 2013–2022 (USD MILLION) 77
TABLE 29 SMART LIGHTING MARKET FOR WIRELESS TECHNOLOGIES, BY APPLICATION, 2013–2022 (USD MILLION) 79
TABLE 30 SMART LIGHTING MARKET FOR WIRELESS TECHNOLOGIES, BY APPLICATION, 2013–2022 (MILLION UNITS) 79
TABLE 31 SMART LIGHTING MARKET, BY APPLICATION, 2013–2022 (USD MILLION) 82
TABLE 32 SMART LIGHTING MARKET, BY APPLICATION, 2013–2022 (MILLION UNITS) 83
TABLE 33 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2013–2022 (USD MILLION) 85
TABLE 34 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2013–2022 (MILLION UNITS) 86
TABLE 35 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY WIRED COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 87
TABLE 36 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY WIRELESS COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 87
TABLE 37 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY LIGHT SOURCE, 2013–2022 (USD MILLION) 88
TABLE 38 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY LIGHT SOURCE, 2013–2022 (MILLION UNITS) 88
TABLE 39 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY END USER, 2013–2022 (USD MILLION) 89
TABLE 40 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 90
TABLE 41 SMART LIGHTING MARKET FOR RESIDENTIAL INDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 90
TABLE 42 SMART LIGHTING MARKET FOR COMMERCIAL INDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 91
TABLE 43 SMART LIGHTING MARKET FOR INDUSTRIAL INDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 92
TABLE 44 SMART LIGHTING MARKET FOR OTHER INDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 92
TABLE 45 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2013–2022 (USD MILLION) 93
TABLE 46 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2013–2022 (MILLION UNITS) 94
TABLE 47 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY WIRED COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 94
TABLE 48 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY WIRELESS COMMUNICATION TECHNOLOGY PROTOCOL, 2013–2022 (USD MILLION) 95
TABLE 49 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY LIGHT SOURCE, 2013–2022 (USD MILLION) 95
TABLE 50 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY LIGHT SOURCE, 2013–2022 (MILLION UNITS) 96
TABLE 51 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY END USER, 2013–2022 (USD MILLION) 97
TABLE 52 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 97
TABLE 53 SMART LIGHTING MARKET FOR HIGHWAYS & ROADWAYS OUTDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 98
TABLE 54 SMART LIGHTING MARKET FOR ARCHITECTURAL OUTDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 98
TABLE 55 SMART LIGHTING MARKET FOR PUBLIC PLACES OUTDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 99
TABLE 56 SMART LIGHTING MARKET FOR OTHER OUTDOOR LIGHTING APPLICATIONS, BY REGION, 2013–2022 (USD MILLION) 99
TABLE 57 SMART LIGHTING MARKET, BY SOFTWARE & SERVICE, 2013–2022 (USD MILLION) 102
TABLE 58 SMART LIGHTING MARKET, BY REGION, 2013–2022 (USD MILLION) 104
TABLE 59 SMART LIGHTING MARKET, BY REGION, 2013–2022 (MILLION UNITS) 105
TABLE 60 SMART LIGHTING MARKET IN NORTH AMERICA, BY APPLICATION, 2013–2022 (USD MILLION) 107
TABLE 61 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATION IN NORTH AMERICA, BY END USER, 2013–2022 (USD MILLION) 108
TABLE 62 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATION IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 108
TABLE 63 SMART LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 109
TABLE 64 SMART LIGHTING MARKET IN EUROPE, BY APPLICATION, 2013–2022 (USD MILLION) 112
TABLE 65 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATION IN EUROPE, BY END USER, 2013–2022 (USD MILLION) 113
TABLE 66 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATION IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 113
TABLE 67 SMART LIGHTING MARKET IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 114
TABLE 68 SMART LIGHTING MARKET IN APAC, BY APPLICATION, 2013–2022 (USD MILLION) 117
TABLE 69 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATION IN APAC, BY END USER, 2013–2022 (USD MILLION) 117
TABLE 70 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING IN APAC, BY TYPE, 2013–2022 (USD MILLION) 117
TABLE 71 SMART LIGHTING MARKET IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 118
TABLE 72 SMART LIGHTING MARKET IN ROW, BY APPLICATION, 2013–2022 (USD MILLION) 119
TABLE 73 SMART LIGHTING MARKET FOR INDOOR LIGHTING IN ROW, BY END USER, 2013–2022 (USD MILLION) 119
TABLE 74 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING IN ROW, BY TYPE, 2013–2022 (USD MILLION) 120
TABLE 75 SMART LIGHTING MARKET IN ROW, BY REGION, 2013–2022 (USD MILLION) 120
TABLE 76 RANKING IN THE SMART LIGHTING MARKET, 2015 122
TABLE 77 NEW PRODUCT LAUNCHES, NEW PRODUCT EXPANSIONS, AND PATENTS IN SMART LIGHTING MARKET, 2015–2016 125
TABLE 78 ALLIANCES, BUSINESS EXPANSIONS, AND CONTRACTS IN THE SMART LIGHTING MARKET, 2016 126
TABLE 79 MERGERS & ACQUISITIONS IN THE SMART LIGHTING MARKET, 2015–2016 127

LIST OF FIGURES

FIGURE 1 SMART LIGHTING MARKET: RESEARCH DESIGN 19
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 24
FIGURE 4 DATA TRIANGULATION 25
FIGURE 5 GLOBAL SMART LIGHTING MARKET (VALUE AND VOLUME), 2016–2022 28
FIGURE 6 INDOOR LIGHTING APPLICATION TO BE A LARGE MARKET BY 2022 28
FIGURE 7 WIRED COMMUNICATION TECHNOLOGIES TO HAVE A LARGE MARKET SIZE BY 2022 29
FIGURE 8 MARKET FOR LED LIGHT SOURCES EXPECTED TO BE THE LARGEST BY 2022 29
FIGURE 9 EUROPE ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2015 30
FIGURE 10 SMART LIGHTING MARKET OFFERS LUCRATIVE OPPORTUNITIES OWING TO THE RAPID RISE OF LED TECHNOLOGY OVER CONVENTIONAL TECHNOLOGY 31
FIGURE 11 LIGHTING CONTROLS TO HOLD A LARGE MARKET SHARE DURING THE FORECAST PERIOD 31
FIGURE 12 OUTDOOR LIGHTING EXPECTED TO EXHIBIT HIGH GROWTH DURING THE FORECAST PERIOD 32
FIGURE 13 LED LIGHT SOURCE EXPECTED TO WITNESS HIGHEST GROWTH IN THE SMART LIGHTING MARKET DURING THE FORECAST PERIOD 32
FIGURE 14 EUROPE TO DOMINATE THE MARKET FOR SMART LIGHTING DURING THE FORECAST PERIOD 33
FIGURE 15 EVOLUTION OF LIGHT AND SMART LIGHTING 35
FIGURE 16 SMART LIGHTING MARKET, BY GEOGRAPHY 38
FIGURE 17 MARKET DYNAMICS: OVERVIEW 39
FIGURE 18 U.S. ANNUAL ENERGY CONSUMPTION IN COMMERCIAL BUILDINGS, 2011 41
FIGURE 19 SMART LIGHTING MARKET: VALUE CHAIN ANALYSIS 45
FIGURE 20 GREATER VERTICAL INTEGRATION IS THE LEADING TREND AMONG THE KEY MARKET PLAYERS 47
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS FOR THE SMART LIGHTING MARKET 48
FIGURE 22 PORTER’S FIVE FORCES: IMPACT ANALYSIS 49
FIGURE 23 BARGAINING POWER OF SUPPLIERS IN THE SMART LIGHTING MARKET, 2015 50
FIGURE 24 BARGAINING POWER OF BUYERS IN THE SMART LIGHTING MARKET, 2015 51
FIGURE 25 THREATS OF NEW ENTRANTS IN THE SMART LIGHTING MARKET, 2015 52
FIGURE 26 THREAT OF SUBSTITUTES IN THE SMART LIGHTING MARKET, 2015 53
FIGURE 27 COMPETITIVE RIVALRY IN THE SMART LIGHTING MARKET, 2015 54
FIGURE 28 SMART LIGHTING MARKET, BY LIGHT SOURCE 56
FIGURE 29 SMART LIGHTING MARKET FOR FLUORESCENT LIGHT SOURCE, BY APPLICATION, 2016 VS. 2022: INDOOR LIGHTING APPLICATION EXPECTED TO DOMINATE 58
FIGURE 30 TYPES OF LED 59
FIGURE 31 SMART LIGHTING MARKET FOR HID LIGHT SOURCE, BY APPLICATION, 2016 VS. 2022: OUTDOOR LIGHTING EXPECTED TO EXHIBIT HIGH GROWTH 61
FIGURE 32 SMART LIGHTING MARKET, BY PRODUCT TYPE 64
FIGURE 33 SMART LIGHTING MARKET, BY PRODUCT TYPE 66
FIGURE 34 SMART LIGHTING MARKET, BY LIGHTING CONTROL, 2016–2022 68
FIGURE 35 SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 70
FIGURE 36 DALI NETWORK SETUP 73
FIGURE 37 SMART LIGHTING FOR WIRED TECHNOLOGIES, BY APPLICATION, 2016 VS. 2022 75
FIGURE 38 SMART LIGHTING FOR WIRELESS TECHNOLOGIES, BY APPLICATION, 2016 VS. 2022 80
FIGURE 39 SMART LIGHTING MARKET, BY APPLICATION 82
FIGURE 40 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATION, BY COMMUNICATION TECHNOLOGY, 2016 VS. 2022 86
FIGURE 41 SMART LIGHTING MARKET FOR INDOOR LIGHTING APPLICATIONS, BY END USER, 2016 VS. 2022 89
FIGURE 42 SMART LIGHTING MARKET FOR COMMERCIAL INDOOR LIGHTING APPLICATIONS, BY REGION, 2016 VS.2022 91
FIGURE 43 SMART LIGHTING MARKET FOR OUTDOOR LIGHTING APPLICATIONS, BY LIGHT SOURCE, 2016 VS. 2022 96
FIGURE 44 SMART LIGHTING MARKET, BY SOFTWARE & SERVICE 101
FIGURE 45 GEOGRAPHIC SNAPSHOT: SMART LIGHTING MARKET IN THE U.K. ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 104
FIGURE 46 NORTH AMERICA: SMART LIGHTING MARKET SNAPSHOT 107
FIGURE 47 EUROPE: SMART LIGHTING MARKET SNAPSHOT 112
FIGURE 48 APAC: SMART LIGHTING MARKET SNAPSHOT 116
FIGURE 49 COMPANIES ADOPTED PRODUCT INNOVATION AS THE KEY GROWTH STRATEGY 121
FIGURE 50 MARKET EVALUATION FRAMEWORK: CONTRACTS, AGREEMENTS, PARTNERSHIPS, AND ALLIANCES FUELED GROWTH AND INNOVATION BETWEEN 2013 AND 2015 124
FIGURE 51 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES & EXPANSIONS WERE THE KEY STRATEGIES ADOPTED BETWEEN 2013 AND 2015 124
FIGURE 52 GEOGRAPHIC REVENUE MIX OF THE MAJOR PLAYERS IN THE SMART LIGHTING MARKET, 2015 128
FIGURE 53 PHILIPS LIGHTING HOLDING B.V.: COMPANY SNAPSHOT 129
FIGURE 54 PHILIPS LIGHTING HOLDING B.V.: SWOT ANALYSIS 132
FIGURE 55 ACUITY BRANDS LIGHTING, INC.: COMPANY SNAPSHOT 133
FIGURE 56 ACUITY BRANDS LIGHTING, INC.: SWOT ANALYSIS 135
FIGURE 57 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 136
FIGURE 58 GENERAL ELECTRIC COMPANY: SWOT ANALYSIS 138
FIGURE 59 OSRAM LICHT AG: COMPANY SNAPSHOT 139
FIGURE 60 OSRAM LICHT AG: SWOT ANALYSIS 141
FIGURE 61 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 142
FIGURE 62 HONEYWELL INTERNATIONAL. INC. SWOT ANALYSIS 144
FIGURE 63 LEGRAND S.A.: COMPANY SNAPSHOT 145
FIGURE 64 LEGRAND S.A. SWOT ANALYSIS 147
FIGURE 65 SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT 148
FIGURE 66 CREE, INC.: COMPANY SNAPSHOT 151

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