The smart lighting market is expected to reach USD 18.0 billion by 2029 from USD 9.5 billion in 2024, at a CAGR of 13.8% during the 2024-2029 period. The major players in the smart lighting market includes Signify Holding (Netherlands), Legrand (France), ACUITY BRANDS, INC. (US), ams-OSRAM AG (Austria), Honeywell International Inc. (US), Zumtobel Group (Austria), Wipro Lighting (India), Lutron Electronics Co., Inc (US), IDEAL INDUSTRIES, INC. (US) (Cree Lighting), LEDVANCE GmbH (Germany), Current (US), Savant Systems, Inc (US), Inter IKEA Systems B.V. (Netherlands), Dialight (UK), Schneider Electric (France), ABB (Switzerland), Lightwave (UK), RAB Lighting Inc. (US), Synapse Wireless Inc. (US), Panasonic Corporation (Japan), Leviton Manufacturing Co., Inc. (US), Syska (India), BUILDING ROBOTICS INC. (BRI), A SIEMENS COMPANY (US), Helvar (Finland), LIFX (US), Nanoleaf (Canada), Sengled GmbH (Germany), and TVILIGHT Projects B.V. (Netherlands).
Signify Holding
Philips Lighting
rebranded to Signify Holding, emerging as a leader in connected lighting
systems and services, harnessing the power of the Internet of Things (IoT) to
revolutionize residential, commercial, and urban landscapes. With a global
presence spanning over 60 countries and manufacturing facilities across Europe,
South America, and Asia Pacific, Signify Holding is renowned for its expertise
in developing, manufacturing, and deploying innovative green and
energy-efficient lighting solutions. The company markets its products under
various lighting brands, including Philips, Interact, Wiz, Philips Hue, and
Color Kinetics.
Signify Holding made
headlines in February 2018 by installing the inaugural commercial Power over
Ethernet (PoE) connected lighting system for smart offices in the Nordics,
utilizing Cisco network technology. This pioneering system was integrated into
a newly constructed smart office in Albertslund Municipality, Copenhagen,
Denmark, empowering occupants to personalize their lighting experience via a
smartphone application. The deployment featured occupancy sensors seamlessly
integrated with Signify Holding’s SmartBalance and PowerBalance luminaires.
Nearly 400 LED light fixtures were interconnected to Cisco's secure networking
infrastructure, powered by a minimal electric charge transmitted through the
network's Ethernet cables.
Furthermore, Signify
Holding has attained carbon neutrality across its operations, with a commitment
to zero waste to landfills, accomplished through the exclusive use of 100%
renewable energy sources.
Signify Holding operates
through 3 major business segments- digital solutions, digital products, and
conventional products. Digital products offer an extensive range of LED lamps
and functional LED luminaires including smart lighting catering to both consumer
and professional clientele. Additionally, it supplies LED electronic
components, including LED drivers and modules, to Original Equipment
Manufacturers (OEMs) for professional luminaire applications across retail,
office, industrial, and outdoor sectors. Signify Holding also holds a prominent
position as the global leader in connected home lighting systems, particularly
renowned for Philips Hue and WiZ, and ranks among the top three competitors in
selected home luminaire markets. Drawing from exclusive research, the company
asserts its dominance as the leading seller in the global LED lamps and
electronics market as of 2023.
Philips Hue stands out
as the premier global provider of connected lighting solutions for consumers,
continuously enriching its product portfolio. WiZ Connected extends the
accessibility of consumer-connected lighting by offering a Wi-Fi-based
ecosystem. Together, Signify Holding’s comprehensive consumer-connected
lighting options allow users to connect seamlessly through Wi-Fi, Bluetooth, or
the Philips Hue bridge.
Philips Hue and WiZ
present intelligent lighting solutions controllable via mobile devices.
Furthermore, we're delving into innovative business models through partnerships
across diverse sectors like horticulture and entertainment.
Signify Holding provides
smart lighting solutions worldwide, serving markets in Europe, America, the
Rest of the World, and globally. As of December 31, 2023, the company had a
total workforce of 31,920 employees.
ACUITY BRANDS, INC.
ACUITY BRANDS, INC.
operates as a leading industrial technology firm, leveraging technology to
address challenges in lighting and spatial solutions. Through its two primary
business segments, Acuity Brands Lighting and Lighting Controls (ABL), and the
Intelligent Spaces Group (ISG), the company conceptualizes, manufactures, and
markets products and services aimed at enhancing people's lives. Its growth
strategy revolves around the continual development of innovative offerings,
encompassing lighting, lighting controls, building management solutions, and
location-aware applications.
ABL serves as the
company's primary business segment, focusing on a comprehensive portfolio of
lighting solutions, including commercial, architectural, and specialty
lighting, alongside lighting controls and components. These elements can be
integrated to form sophisticated lighting control systems. ABL's product lineup
features luminaires primarily utilizing LED technology, engineered to optimize
energy efficiency and comfort across various indoor and outdoor settings.
Notable brands within ABL's portfolio include A-Light, Aculux, American
Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare
Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire
LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOC
Wiring Solutions, and Sensor Switch.
Operating across 18
manufacturing facilities, with 6 in the US, 7 in Mexico, 2 in Europe, and 3 in
Canada, Acuity distributes its lighting solutions through independent sales
agents, electrical wholesalers, and sales representatives, each assigned to specific
geographic territories. Product delivery is facilitated through direct channels
or via a network comprising distribution centers, regional warehouses, and
commercial storage facilities.
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Zumtobel Group
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