Smart lighting is an advanced way to light homes, offices, and outdoor spaces that uses technology for better functionality and energy efficiency. It includes a variety of lighting systems that can be remotely controlled, programmed, and automated through smart devices like smartphones, tablets, or voice-activated assistants. The core appeal of smart lighting lies in its adaptability, as lights can change in brightness and color, adjust based on the time of day, or interact with other smart devices to create an interconnected home environment. This technology focuses on convenience, aesthetic enhancement, reducing energy consumption, and extending the lifespan of lighting elements. Smart lighting systems utilize light-emitting diode (LED) bulbs, which are known for their efficiency and longevity compared to traditional bulbs. Moreover, these systems include sensors to detect occupancy or ambient light, which helps them in adjusting the lighting to save energy when rooms are unoccupied or sufficiently lit by natural light.
The global smart lighting market size reached US$ 16.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 72.6 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032.
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The major players are known to majorly impact the landscape of this industry through innovation and strategic collaborations and partnerships. Hafele Group, Lutron Electronics, Wipro Consumer Care and Lighting, Streetlight Vision, and Syska LED are leading firms that are pushing the limits of what the technology can achieve. They are working on expanding their hue range and introducing lights that can synchronize with media content for an elevated consumer experience. Moreover, some players are allocating funds to develop advanced light designs that influence mood and respond to cognitive functions and health rhythms in order to give importance to the human-centric approach to lighting.
On the other hand, many companies are making use of sensors and the Internet of Things (IoT) capabilities to create smart city applications, like street lamps that adjust based on traffic and pedestrian patterns. Additionally, some firms are shifting their preference towards the home consumer segment by offering products that are created to integrate into the smart home ecosystems easily. This strategy emphasizes making smart lighting a standard part of home life rather than a luxury to encourage wider adoption. Also, Lutron Electronics, which is known for its comprehensive range of high-quality lighting control systems, is emphasizing the importance of both aesthetic and functional elements in smart lighting. They are providing systems that allow users to control lighting remotely through smartphones or integrate with other home automation systems, making lighting management simple and efficient.
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List of Top Smart Lighting companies Worldwide:
- Philips Lighting
- Acuity Brands
- Osram
- Cree
- General Electric Company
- Eaton
- Honeywell
- Legrand
- Hubbell Lighting
- Zumtobel Group
- Hafele Group
- Lutron Electronics
- Wipro Consumer Care and Lighting
- Streetlight.Vision
- Virtual Extension
- Syska LED
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