The
overall smart lighting market is estimated to grow from USD 7.93 Billion in
2018 to USD 20.98 Billion by 2023, at a CAGR of 21.50% between 2018 and 2023.
The most significant factor driving the growth of this market is the
requirement of energy-efficient lighting systems. This requirement is
attributed to the increased awareness about the need to reduce energy
consumption. Modernization and development of infrastructure to transform
cities into smart cities, increased demand for intelligent solutions for street
lighting systems, need for energy-efficient lighting systems, increasing
adoption and decreasing cost of LEDs, and growing awareness about energy
savings among consumers and governments worldwide are the major factors
contributing to the growth of the smart lighting market.
Some
of the major players in the smart lighting market are Philips Lighting
(Netherlands), Hafele Group (Germany), Acuity Brands (US), OSRAM (Germany),
Cree (US), Hubbell Lighting (US), Zumtobel Group (Austria), Honeywell (US),
Legrand (France), Eaton (Ireland), Lutron Electronics (US), and General
Electric (US).
Philips
Lighting (Netherlands) ranked first in the smart lighting market in 2017.
Philips has been a leader in general lighting for a long time and has an
extensive array of products that are used in residential, commercial, street
lighting, and highway and tunnel lighting applications. Its extensive product
portfolio including the lighting systems compatible with various connecting
technologies, ranging from DALI, KNX, and BACnet to ZigBee and EnOcean, gives
it a competitive edge over its competitors. Through its Philips Dynalite
solutions range, Philips has been able to provide a one-switch solution for
complete home automation, which includes intelligent control of lighting, HVAC,
audio, and home entertainment systems through a single switch. Moreover, it has
launched several products based on smart lighting technology and is regarded as
an innovator in this domain. In April 2015, Philips Lighting launched a new
technology to enable city authorities to retrofit existing LED street lights
with its CityTouch connector node for the remote management of the existing
lighting systems. CityTouch is a plug and play system that uses the cellular
network to connect LED street lights offered by any manufacturer. Philips has
been able to integrate its smart lighting technology with the current mobile
and personal computing technology by launching a web-enabled LED light bulb
named Hue, which can be controlled via a mobile app through smartphones and
tablet PCs. In March 2016, Smartworld, a joint venture of Etisalat and Dubai
South, collaborated with Philips Lighting and Cisco to create a smart, secure,
and connected indoor space at its new headquarters in Dubai South. This
collaboration brings an advanced LED-connected lighting system of Philips
Lighting and secure IT network of Cisco (US) together.
Acuity
Brands (US) ranked second in this market in 2017. It develops lighting control
products under brand names such as Lighting Control & Design, ROAM, Sensor
Switch, and Synergy. It manufactures lighting fixtures, control systems, and
components, with a primary focus on the LED technology. It is also one of the
leading lighting service providers in the market, and its offerings help
convert the general lighting systems into intelligent lighting networks through
retrofits. It has a range of both wired and wireless lighting products used in
applications ranging from street light, retail, residential, and architectural.
Its recent acquisition of Adura Technologies, Inc. (US) has helped it become
one of the leading players in the wireless smart lighting market. Moreover, in
July 2016, Acuity Brands acquired DGLogik, Inc. (US), a provider of innovative
software solutions and Internet of Things (IoT) technology.
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