Connected Lighting Market Size is growing at CAGR of 8.5%, this report covers analysis by Market Segmentation, Growth and Forecast 2024 - 2031

The "Connected Lighting Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Connected Lighting market is expected to grow annually by 8.5% (CAGR 2024 - 2031).

This entire report is of 178 pages.

https://en.wikipedia.org/wiki/Joe_Justice

Connected Lighting Introduction and its Market Analysis

The Connected Lighting market is witnessing substantial growth due to the increasing demand for energy-efficient and smart lighting solutions. Connected Lighting refers to a lighting system that is connected to a network, enabling remote control and automation. The target market comprises commercial, industrial, and residential sectors, with factors such as cost savings, convenience, and sustainability driving revenue growth. Major players in the market include Philips Lighting, Eaton, Toshiba, OSRAM, and GE Lighting. The report highlights market trends, key players, market share analysis, and growth opportunities. Recommendations include investing in research and development to innovate and expand product offerings.

Get a Sample PDF of the Report: https://www.reliablebusinessinsights.com/enquiry/request-sample/1667916

The Connected Lighting market is rapidly growing, with a variety of network control and power-over-Ethernet solutions making waves in residential, commercial, industrial, transportation, and other sectors. These advanced lighting systems allow for easy integration with smart devices, enabling precise control over lighting levels and energy efficiency. Regulatory and legal factors specific to market conditions play a crucial role in shaping this industry, with regulations on energy efficiency and safety driving innovation and standardization. Companies need to stay informed and compliant with these regulations to ensure success in this dynamic market. With the increasing demand for smart lighting solutions, the Connected Lighting market is poised for continued growth and innovation.

Top Featured Companies Dominating the Global Connected Lighting Market

The global connected lighting market is highly competitive with key players such as Philips Lighting, Eaton, Toshiba, Anixter, Silicon Labs, OSRAM, GE Lighting, Wink, LIFX, Insteon, SYLVANIA, Leviton, Lutron, Cree Lighting, Feit, Belkin, and Softdel among others.

Philips Lighting, for example, offers a wide range of connected lighting solutions for both residential and commercial applications. The company's innovative products incorporate smart controls and sensors that enable energy savings and increased convenience for users. Eaton also provides a variety of connected lighting solutions, including smart lighting systems and controls, which are designed to enhance efficiency and productivity in buildings.

Companies like Toshiba, OSRAM, and GE Lighting are also major players in the connected lighting market, offering advanced lighting products with IoT capabilities. These companies focus on delivering energy-efficient solutions that can be integrated with smart home systems for improved connectivity and automation.

Wink, LIFX, and Insteon are prominent players in the consumer segment of the connected lighting market. These companies offer smart bulbs and lighting control systems that can be controlled remotely via mobile devices or voice assistants.

In terms of revenue, Philips Lighting reported sales of approximately $ billion in 2020, while OSRAM generated revenues of around $3.8 billion in the same year. GE Lighting, on the other hand, saw sales of about $1.7 billion in 2020.

Overall, these key players in the connected lighting market are driving growth by continuously innovating and offering solutions that cater to the increasing demand for smart and energy-efficient lighting technologies in both residential and commercial settings. Their products and services are helping to accelerate the adoption of connected lighting systems worldwide.

• Philips Lighting
• Eaton
• Toshiba
• Anixter
• Silicon Labs
• OSRAM
• GE Lighting
• Wink
• LIFX
• Insteon
• SYLVANIA
• Leviton
• Lutron
• Cree Lighting
• Feit
• Belkin
• Softdel

Get a Sample PDF of the Report: https://www.reliablebusinessinsights.com/enquiry/request-sample/1667916

Connected Lighting Market Analysis, by Type:

• Network Control
• Power-over-Ethernet

Network control in connected lighting allows for centralized management of lighting systems, enabling customization, scheduling, and energy monitoring. Power-over-Ethernet (PoE) technology provides both power and data over a single Ethernet cable, simplifying installation and reducing costs. These types of connected lighting solutions are driving the demand for smart lighting systems by increasing energy efficiency, improving user experience, and enabling integration with other smart devices. The convenience, flexibility, and cost-effectiveness of network control and PoE technology make connected lighting an attractive option for commercial and residential applications, leading to a significant growth in the connected lighting market.

Inquire or Share Your Questions If Any Before the Purchasing This Report -https://www.reliablebusinessinsights.com/enquiry/pre-order-enquiry/1667916

Connected Lighting Market Analysis, by Application:

• Residential
• Commercial Building
• Industial Building
• Transportation
• Other

Connected Lighting is used in residential settings to provide smart lighting solutions that can be controlled remotely via mobile devices, enhancing convenience and energy efficiency. In commercial and industrial buildings, it enables advanced monitoring and sensor capabilities for optimized lighting control and energy management. In transportation, connected lighting increases safety and security through adaptive lighting systems. The fastest growing application segment in terms of revenue is commercial buildings, as businesses increasingly adopt smart lighting solutions to reduce operating costs and improve employee productivity. Connected lighting is also used in other applications such as healthcare facilities and outdoor public spaces for enhanced functionality and sustainability.

Purchase this Report (Price 4900 USD for a Single-User License): reliablebusinessinsights.com/purchase/1667916

Connected Lighting Industry Growth Analysis, by Geography:

North America:

• United States
• Canada

Europe:

• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:

• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:

• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:

• Turkey
• Saudi
• Arabia
• UAE
• Korea

The connected lighting market is experiencing significant growth in various regions across the globe. North America, particularly the United States and Canada, is expected to dominate the market with a market share of around 40%. In Europe, countries such as Germany, France, the ., Italy, and Russia are also witnessing a rise in demand for connected lighting solutions. The Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is another key market for connected lighting. Latin America, Middle East & Africa are also projected to contribute to the market growth, with countries like Mexico, Brazil, Argentina, Colombia, Turkey, Saudi Arabia, and UAE showing increased adoption of connected lighting systems.

Purchase this Report (Price 4900 USD for a Single-User License): reliablebusinessinsights.com/purchase/1667916

Check more reports on reliablebusinessinsights.com