The smart lighting market is expected to grow from USD 9.86 billion in 2025 to reach USD 17.38 billion by 2030, growing at a CAGR of 12.0% from 2025 to 2030. Growing penetration of data analytics in smart lighting, technological advances such as AI and edge computing, rising smart city initiatives globally, and increasing adoption of LEDs and luminaires in outdoor applications are some of the major drivers influencing the market growth.
A few key smart lighting players are Signify Holding
(Netherlands), Legrand (France), Acuity Brands, Inc. (US), Panasonic Holdings
Corporation (Japan), ams-OSRAM AG (Austria), LEDVANCE GmbH (Germany), Wipro
Lighting (India), and Zumtobel Group (Austria). Key strategies adopted by the
players in the smart lighting market ecosystem include product launches,
developments, partnerships, acquisitions, expansions, and collaborations in
order to increase their market share and expand their presence in the market.
Major Smart Lighting companies include:
- Signify
Holding (Netherlands)
- Legrand
(France)
- Acuity
Brands, Inc. (US)
- Panasonic
Holdings Corporation (Japan)
- ams-OSRAM
AG (Austria)
- LEDVANCE
GmbH (Germany)
- Wipro
Lighting (India)
- Zumtobel
Group (Austria)
Signify Holding
Signify Holding's comprehensive line of
connected lighting solutions, ongoing investments in technology, and strong
brand identity give it a significant competitive advantage in the smart
lighting market. Utilizing its expertise in Internet of Things-based lighting
systems, the company offers advanced automation, control, and energy-saving
solutions for use in commercial, industrial, and residential settings. Notably,
its Consumer and Professional segments, which provide smart lighting solutions,
accounted for more than 85% in 2024 of its total sales, highlighting its strong
market focus. With a well-established global presence and a strong distribution
network, Signify effectively reaches diverse markets, including high-growth
regions.
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Legrand
Legrand provides an extensive selection of
lighting fixtures, sensors, switches, and lighting control solutions, including
smart lighting control modules designed to enhance the efficiency and
functionality of lighting systems. These products include advanced technologies
that enable remote control, scheduling, and automation of lighting operations.
The firm is also actively involved in the advancement and integration of smart
lighting technology. Legrand has been dedicated to offering innovative solutions
that address the evolving needs and preferences of its customers, as proved
through its progress in smart lighting. Legrand's international presence,
comprising 38,000 employees across almost 90 nations, enables it to efficiently
serve a broad scope of markets and maintain a competitive edge. In addition,
the firm's commitment to innovation and sustainability enhances its position as
a market leader.
Acuity Brands, Inc.
Acuity Brands, Inc. is well-positioned in the
market with its comprehensive distribution network and capability to provide
smart lighting solutions efficiently. Acuity Brands offers a diversified
product lineup, including switches, sensors, lighting controls, software, and
several smart lighting control modules. The company covers a broad spectrum of
applications, such as indoor, outdoor, industrial, and specialty lighting, and
holds leading positions in both the commercial and residential lighting
markets. Its leadership in the smart lighting market is also backed by its high
brand reputation and customer orientation. The company is also supported by
favorable government regulations favoring connected and smart lighting
solutions, and it has a solid presence in the US and Mexican lighting markets.
Market Ranking
The market ranking for key companies such as Signify
Holding (Netherlands), Acuity Brands, Inc. (US), Zumtobel Group (Austria),
Legrand (France), and Panasonic Holdings Corporation (Japan), is based on
several key determinants, which include market share, product portfolio,
technological innovations, sustainability initiatives, industries served, and
global presence. Signify Holding maintains industry leadership through its
combined strengths from Philips Hue and Interact products alongside its
dedicated commitment to connected lighting systems. Acuity Brands operates as a
major IoT-led lighting provider in North America by offering multiple systems
that power commercial and industrial buildings. Zumtobel Group provides
high-end lighting solutions with a design focus which serves premium
architectural spaces alongside commercial establishments. Panasonic Holdings
utilizes its capabilities from electronics and AI to build energy-efficient
smart lighting solutions that serve residential and commercial markets. Legrand
has united building automation capabilities with their smart lighting solutions
to provide better energy efficiency together with connectivity features.
Company Evaluation Matrix
Smart lighting market players' positions are
illustrated through the Company Evaluation Matrix which utilizes market share
and product range as evaluation criteria. The evaluation method segments
companies across four groups called Stars, Emerging Leaders, Participants, and
Pervasive Players, to showcase their positions regarding innovative solutions
and connected services with energy-efficient lighting technologies.
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