Table of Content

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 COMMERCIAL SMART LIGHTING MARKET SEGMENTATION 31
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY 32
1.5 LIMITATIONS 33
1.6 STAKEHOLDERS 33

2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 COMMERCIAL SMART LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 34
FIGURE 3 COMMERCIAL SMART LIGHTING MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 35
2.1.1.1 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakdown of primaries 37
2.1.2.2 Key data from primary sources 37
2.1.2.3 Key industry insights 38
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.2 MARKET SIZE ESTIMATION 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)?REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN COMMERCIAL SMART LIGHTING MARKET 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2?DEMAND-SIDE ANALYSIS 41
2.2.1 BOTTOM-UP APPROACH 41
2.2.1.1 Approach used to arrive at market size using bottom-up analysis 41
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach used to arrive at market size using top-down analysis 42
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 9 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
TABLE 1 ASSUMPTIONS OF RESEARCH STUDY 44

3 EXECUTIVE SUMMARY 45
3.1 COMMERCIAL SMART LIGHTING MARKET: REALISTIC SCENARIO (POST-COVID-19) 46
FIGURE 10 COMMERCIAL SMART LIGHTING MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSES (2017–2025) 46
3.2 COMMERCIAL SMART LIGHTING MARKET: OPTIMISTIC SCENARIO (POST-COVID-19) 46
3.3 COMMERCIAL SMART LIGHTING MARKET: PESSIMISTIC SCENARIO (POST-COVID-19) 47
FIGURE 11 SERVICES SEGMENT OF COMMERCIAL SMART LIGHTING MARKET TO WITNESS HIGHEST CAGR FROM 2020 TO 2025 47
FIGURE 12 NEW INSTALLATIONS TO HOLD LARGER SIZE OF COMMERCIAL SMART LIGHTING MARKET FROM 2020 TO 2025 48
FIGURE 13 WIRELESS COMMUNICATION TECHNOLOGY TO REGISTER HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING 2020–2025 48
FIGURE 14 OUTDOOR APPLICATIONS TO RECORD HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD 49
FIGURE 15 EUROPE HELD LARGEST SHARE OF COMMERCIAL SMART LIGHTING MARKET IN 2019 50

4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR GROWTH OF COMMERCIAL SMART LIGHTING MARKET 51
FIGURE 16 INCREASING INVESTMENTS IN SMART CITY AND INFRASTRUCTURE DEVELOPMENT PROJECTS DRIVING MARKET GROWTH 51
4.2 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION 51
FIGURE 17 INDOOR APPLICATIONS TO DOMINATE COMMERCIAL SMART LIGHTING MARKET THROUGHOUT FORECAST PERIOD 51
4.3 COMMERCIAL SMART LIGHTING MARKET, BY HARDWARE OFFERING 52
FIGURE 18 LIGHTING CONTROLS TO EXHIBIT HIGHER CAGR THAN LIGHTS & LUMINAIRES IN SMART LIGHTING MARKET DURING FORECAST PERIOD 52
4.4 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR END-USE APPLICATION AND COUNTRY 52
FIGURE 19 CHINA TO LEAD SMART LIGHTING MARKET DURING FORECAST PERIOD 52
4.5 COMMERCIAL SMART LIGHTING MARKET, BY GEOGRAPHY 53
FIGURE 20 COMMERCIAL SMART LIGHTING MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53

5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
FIGURE 21 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.1.1 DRIVERS 54
5.1.1.1 Ongoing and upcoming smart city projects in developing countries 54
FIGURE 22 SMART CITIES INDEX, 2019 55
5.1.1.2 Growing focus of governments worldwide on energy conservation 56
5.1.1.3 Increasing acceptance of standard protocols for lighting control systems 56
5.1.1.4 Escalating demand for LED lights and luminaires for use in outdoor applications 56
5.1.1.5 Surging use of integrated lighting control systems 57
FIGURE 23 EVOLUTION OF LIGHTING CONTROL SYSTEMS 57
FIGURE 24 COMMERCIAL SMART LIGHTING MARKET DRIVERS AND THEIR IMPACT 58
5.1.2 RESTRAINTS 58
5.1.2.1 High installation costs 58
5.1.2.2 Major supply chain disruptions due to COVID-19 outbreak 58
FIGURE 25 COMMERCIAL SMART LIGHTING MARKET RESTRAINTS AND THEIR IMPACT 59
5.1.3 OPPORTUNITIES 59
5.1.3.1 Rapid transition from traditional lighting to connected lighting solutions 59
5.1.3.2 Increased adoption of PoE-based and solar lighting solutions 59
FIGURE 26 COMMERCIAL SMART LIGHTING MARKET OPPORTUNITIES AND THEIR IMPACT 60
5.1.4 CHALLENGES 60
5.1.4.1 Interoperability issues between different network components 60
5.1.4.2 Security and reliability issues related to IoT-based lighting systems 61
FIGURE 27 COMMERCIAL SMART LIGHTING MARKET CHALLENGES AND THEIR IMPACT 61

6 INDUSTRY TRENDS 62
6.1 INTRODUCTION 62
6.2 VALUE CHAIN ANALYSIS 62
FIGURE 28 COMMERCIAL SMART LIGHTING MARKET: VALUE CHAIN ANALYSIS 62
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT EXECUTIVES 62
6.2.2 RAW MATERIAL/INPUT SUPPLIERS 63
6.2.3 ORIGINAL EQUIPMENT MANUFACTURERS 63
6.2.4 SYSTEM INTEGRATORS, TECHNOLOGY PROVIDERS, AND SERVICE PROVIDERS 63
6.2.5 DISTRIBUTORS AND SALES REPRESENTATIVES 63
6.2.6 APPLICATIONS 63
6.3 COMMERCIAL SMART LIGHTING: ECOSYSTEM 64
FIGURE 29 ECOSYSTEM VIEW 64
6.4 KEY INDUSTRY TRENDS 65
FIGURE 30 LEADING TRENDS IN COMMERCIAL SMART LIGHTING MARKET 65
6.5 PRICING ANALYSIS 66
TABLE 2 PRICE COMPARISON: SMART LED BULB 66
TABLE 3 PRICE COMPARISON: SOLAR STREET LED LIGHT LUMINAIRE 66
6.6 SHIPMENTS OF COMPONENTS 67
FIGURE 31 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS,
BY COMPONENT (MILLION UNITS) 67
6.7 TECHNOLOGY ANALYSIS 67
TABLE 4 WIRED PROTOCOLS 67
TABLE 5 WIRELESS PROTOCOL 68
6.8 TARIFF REGULATIONS REGARDING COMMERCIAL SMART LIGHTING 69
TABLE 6 TARIFF REGULATIONS 69

7 CASE STUDY ANALYSIS 71
7.1 INTRODUCTION 71
7.2 CITY OF CHICAGO 71
TABLE 7 AMERESCO INC. (US) PROVIDED SMART STREETLIGHTS TO MODERNIZE AND CONNECT LARGEST CITY-LED WIRELESS SMART STREET LIGHTING PROJECT IN THE US 71
7.3 HOTEL XCARET 72
TABLE 8 HOTEL XCARET INSTALLED CUSTOMIZED IN-ROOM LIGHTING CONTROLS FROM LUTRON ELECTRONICS CO., INC (US) 72
7.4 CITY OF MONTREAL 73
TABLE 9 MONTREAL CITY CONVERTED LED STREET LIGHTING WITH HELP OF DIMONOFF INC. (US) SOLUTION 73
7.5 CITY OF LONDON 74
TABLE 10 IN ASSOCIATION WITH ITRON (US) AND WI-SUN ALLIANCE (US), LONDON REPLACED ALL OLD UNITS OF STREETLIGHTS 74
7.6 DORTMUND STREET LIGHTING 75
TABLE 11 TVILIGHT (NETHERLAND) HELPS TURN DORTMUND’S 25,000 STREETLIGHTS INTO SMART CITY PLATFORM 75
7.7 PINK CITY JAIPUR 76
TABLE 12 TVILIGHT (NETHERLANDS) RUNS LARGEST SENSOR-BASED SMART LIGHTING PROJECT IN INDIA 76
7.8 DUBAI MALL 77
TABLE 13 DUBAI MALL CAME UP WITH NEW LOOK BY INSTALLING OSRAM LICHT AG (GERMANY) LEDS 77
7.9 GRAND LAPA MACAU 78
TABLE 14 LUTRON (US) HELPS GRAND LAPA MACAU WITH SMART LIGHTING SOLUTION 78
8 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING 79
8.1 INTRODUCTION 80
FIGURE 32 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING 80
FIGURE 33 HARDWARE OFFERINGS TO HOLD LARGEST SIZE OF COMMERCIAL SMART LIGHTING MARKET FROM 2020 TO 2025 80
TABLE 15 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING,
2016–2019 (USD MILLION) 81
TABLE 16 COMMERCIAL SMART LIGHTING MARKET, BY OFFERING,
2020–2025 (USD MILLION) 81
8.2 HARDWARE 81
FIGURE 34 COMMERCIAL SMART LIGHTING MARKET, BY HARDWARE 81
TABLE 17 COMMERCIAL SMART LIGHTING MARKET FOR HARDWARE, BY TYPE,
2016–2019 (USD MILLION) 82
TABLE 18 COMMERCIAL SMART LIGHTING MARKET FOR HARDWARE, BY TYPE,
2020–2025 (USD MILLION) 82
8.2.1 LIGHTS & LUMINAIRES 83
8.2.1.1 Lights & luminaires segment holds larger share of commercial smart lighting market 83
8.2.1.1.1 Smart bulbs 83
8.2.1.1.2 Fixtures 83
8.2.2 LIGHTING CONTROLS 84
8.2.2.1 Lighting control to grow at a faster rate during the forecast period 84
TABLE 19 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS,
BY COMPONENT, 2016–2019 (USD MILLION) 84
TABLE 20 COMMERCIAL SMART LIGHTING MARKET FOR LIGHTING CONTROLS,
BY COMPONENT, 2020–2025 (USD MILLION) 84
8.2.2.1.1 LED drivers & ballasts 85
8.2.2.1.2 Sensors 85
8.2.2.1.3 Switches 85
8.2.2.1.4 Dimmers 86
8.2.2.1.5 Relay units 87
8.2.2.1.6 Gateways 87
8.3 SOFTWARE 87
FIGURE 35 COMMERCIAL SMART LIGHTING MARKET, BY SOFTWARE 87
8.3.1 LOCAL/WEB-BASED SOFTWARE 87
8.3.1.1 High demand for advanced lighting control systems is driving adoption of smart lighting control system software 87
8.3.2 CLOUD-BASED SOFTWARE 88
8.3.2.1 Cloud-based software plays pivotal role in data analytics to improve lighting efficiency 88
8.4 SERVICES 88
FIGURE 36 COMMERCIAL SMART LIGHTING MARKET, BY SERVICE 88
8.4.1 PRE-INSTALLATION SERVICES 89
8.4.1.1 Increasing demand for pre-installation services in commercial and office spaces 89
8.4.2 POST-INSTALLATION SERVICES 89
8.4.2.1 Growing demand for maintenance and analytics to maintain efficiency of commercial smart lighting solutions 89
8.5 IMPACT OF COVID-19 ON OFFERING OF COMMERCIAL SMART LIGHTING 90

9 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE 91
9.1 INTRODUCTION 92
FIGURE 37 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE 92
FIGURE 38 NEW INSTALLATIONS TO CAPTURE LARGEST SIZE OF COMMERCIAL SMART LIGHTING MARKET IN 2025 92
TABLE 21 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2016–2019 (USD MILLION) 93
TABLE 22 COMMERCIAL SMART LIGHTING MARKET, BY INSTALLATION TYPE,
2020–2025 (USD MILLION) 93
_
9.2 NEW INSTALLATIONS 93
9.2.1 COMMERCIAL SMART LIGHTING MARKET TO WITNESS INCREASED DEMAND FOR NEW INSTALLATIONS DURING FORECAST PERIOD 93
9.3 RETROFIT INSTALLATIONS 94
9.3.1 MARKET FOR RETROFIT INSTALLATIONS TO GROW AT HIGHER GROWTH RATE DURING FORECAST PERIOD 94
9.4 IMPACT OF COVID-19 ON INSTALLATION TYPES OF COMMERCIAL SMART LIGHTING SOLUTIONS 94

10 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 95
10.1 INTRODUCTION 96
FIGURE 39 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY 96
FIGURE 40 WIRELESS TECHNOLOGIES TO EXHIBIT HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD 96
TABLE 23 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION) 97
TABLE 24 COMMERCIAL SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION) 97
10.2 WIRED TECHNOLOGY 98
TABLE 25 COMMERCIAL SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY TYPE, 2016–2019 (USD MILLION) 98
TABLE 26 COMMERCIAL SMART LIGHTING MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY TYPE, 2020–2025 (USD MILLION) 98
10.2.1 DALI 99
10.2.1.1 Dali communication technology captured largest share of commercial smart lighting market in 2019 99
10.2.2 POWER OVER ETHERNET (POE) 99
10.2.2.1 PoE to witness at highest CAGR for commercial smart lighting market during forecast period 99
FIGURE 41 TIMELINE OF POE-RELATED IEEE STANDARDS 99
TABLE 27 OVERVIEW OF POE PROTOCOLS 100
10.2.3 POWER-LINE COMMUNICATION (PLC) 100
10.2.3.1 PLC is widely adopted for outdoor streetlights and industrial lighting applications 100
10.2.4 OTHERS 101
10.3 WIRELESS 101
TABLE 28 WIRELESS COMMERCIAL SMART LIGHTING PROTOCOLS 101
TABLE 29 COMMERCIAL SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY TYPE, 2016–2019 (USD MILLION) 102
TABLE 30 COMMERCIAL SMART LIGHTING MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY TYPE, 2020–2025 (USD MILLION) 102
10.3.1 ZIGBEE 103
10.3.1.1 Open global standard to address unique needs of low-cost, low-power, wireless IoT networks 103
10.3.2 WI-FI 103
10.3.2.1 Wi-Fi wireless communication technology to exhibit highest CAGR in commercial smart lighting market during forecast period 103
10.3.3 BLUETOOTH LOW ENERGY (BLE) 103
10.3.3.1 Widely used networking technology that eliminates use of cables 103
10.3.4 ENOCEAN 104
10.3.4.1 Remove need to install wires between switches and controlled devices 104
10.3.5 OTHERS 104

11 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION 105
11.1 INTRODUCTION 106
FIGURE 42 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION 106
FIGURE 43 OUTDOOR APPLICATIONS TO RECORD HIGHER CAGR IN COMMERCIAL SMART LIGHTING MARKET DURING FORECAST PERIOD 106
TABLE 31 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION,
2016–2019 (USD MILLION) 107
TABLE 32 COMMERCIAL SMART LIGHTING MARKET, BY END-USE APPLICATION,
2020–2025 (USD MILLION) 107
11.2 INDOOR 107
TABLE 33 COMMERCIAL SMART LIGHTING MARKET FOR INDOOR APPLICATIONS,
BY TYPE, 2016–2019 (USD MILLION) 107
TABLE 34 COMMERCIAL SMART LIGHTING MARKET FOR INDOOR APPLICATIONS,
BY TYPE, 2020–2025 (USD MILLION) 108
11.2.1 COMMERCIAL 108
11.2.1.1 Increasing adoption of smart lighting in commercial applications to drive growth of market for indoor applications 108
TABLE 35 COMMERCIAL SMART LIGHTING MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION) 109
TABLE 36 COMMERCIAL SMART LIGHTING MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION) 109
11.2.1.1.1 Healthcare 109
11.2.1.1.1.1 Use of smart lighting to enhance staff’s ability to provide high-quality care and promote overall well-being of patients 109
11.2.1.1.2 Office spaces 110
11.2.1.1.2.1 Implementation of smart lighting to ensure comfort and productivity of working staff 110
11.2.1.1.3 Retail stores & malls 110
11.2.1.1.3.1 Retail stores & malls segment to exhibit highest CAGR during forecast period 110
11.2.1.1.4 Hospitality 111
11.2.1.1.4.1 Deployment of smart lighting to attract guests and make customers feel comfortable 111
11.2.1.1.5 Education institutes 111
11.2.1.1.5.1 Adoption of smart lighting in educational institutes to offer environment conducive to learning 111
11.2.1.1.6 Stadiums 111
11.2.1.1.6.1 Employment of smart lighting making stadiums more energy-efficient 111
11.2.2 INDUSTRIAL 112
11.2.2.1 Use of appropriate lighting to ensure safety of industrial plants 112
11.2.3 OTHERS 112
11.3 OUTDOOR 113
TABLE 37 COMMERCIAL SMART LIGHTING MARKET, BY OUTDOOR APPLICATION,
BY TYPE, 2016–2019 (USD MILLION) 113
TABLE 38 COMMERCIAL SMART LIGHTING MARKET, BY OUTDOOR APPLICATION,
BY TYPE, 2020–2025 (USD MILLION) 113
11.3.1 HIGHWAYS AND ROADWAYS LIGHTING 114
11.3.1.1 Highways and roadways lighting segment accounted largest share of commercial smart lighting market in 2019 114
11.3.2 ARCHITECTURAL LIGHTING 114
11.3.2.1 Opportunity for architectural lighting business in coming years to propel market growth 114
11.3.3 LIGHTING FOR PUBLIC PLACES 115
11.3.3.1 Government support and subsidies to fuel demand for energy-efficient smart lighting solutions 115
11.4 IMPACT OF COVID-19 ON END-USE APPLICATIONS OF COMMERCIAL SMART LIGHTING SOLUTIONS 115

12 COMMERCIAL SMART LIGHTING MARKET, BY REGION 116
12.1 INTRODUCTION 117
FIGURE 44 COMMERCIAL SMART LIGHTING MARKET, BY REGION 117
TABLE 39 COMMERCIAL SMART LIGHTING MARKET, BY REGION,
2016–2019 (USD MILLION) 117
TABLE 40 COMMERCIAL SMART LIGHTING MARKET, BY REGION,
2020–2025 (USD MILLION) 117
12.2 NORTH AMERICA 118
FIGURE 45 SNAPSHOT: COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA 119
TABLE 41 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY OFFERING, 2016–2019 (USD MILLION) 119
TABLE 42 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY OFFERING, 2020–2025 (USD MILLION) 120
TABLE 43 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION) 120
TABLE 44 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION) 120
TABLE 45 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR LIGHTING CONTROL, BY COMPONENT, 2016–2019 (USD MILLION) 121
TABLE 46 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION) 121
TABLE 47 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY END-USE APPLICATION, 2016–2019 (USD MILLION) 121
TABLE 48 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY END-USE APPLICATION, 2020–2025 (USD MILLION) 122
TABLE 49 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR INDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION) 122
TABLE 50 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR INDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 122
TABLE 51 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR OUTDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION) 122
TABLE 52 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR OUTDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 123
TABLE 53 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, 2016–2019 (USD MILLION) 123
TABLE 54 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 123
TABLE 55 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY INSTALLATION TYPE, 2016–2019 (USD MILLION) 124
TABLE 56 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY INSTALLATION TYPE, 2020–2025 (USD MILLION) 124
TABLE 57 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION) 124
TABLE 58 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA,
BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION) 124
TABLE 59 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION) 125
TABLE 60 COMMERCIAL SMART LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 125
12.2.1 US 125
12.2.1.1 US to hold major share of commercial smart lighting market in
North America during forecast period 125
12.2.2 CANADA 126
12.2.2.1 Fastest-growing market for commercial smart lighting in
North America 126
12.2.3 MEXICO 126
12.2.3.1 Government initiatives to implement energy-efficient lighting systems 126
12.2.4 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET 127
12.3 EUROPE 128
FIGURE 46 SNAPSHOT: COMMERCIAL SMART LIGHTING MARKET IN EUROPE 129
TABLE 61 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY OFFERING,
2016–2019 (USD MILLION) 130
TABLE 62 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY OFFERING,
2020–2025 (USD MILLION) 130
TABLE 63 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR HARDWARE,
BY TYPE, 2016–2019 (USD MILLION) 130
TABLE 64 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR HARDWARE,
BY TYPE, 2020–2025 (USD MILLION) 130
TABLE 65 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION) 131
TABLE 66 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION) 131
TABLE 67 COMMERCIAL SMART LIGHTING MARKET IN EUROPE,
BY END-USE APPLICATION, 2016–2019 (USD MILLION) 131
TABLE 68 COMMERCIAL SMART LIGHTING MARKET IN EUROPE,
BY END-USE APPLICATION, 2020–2025 (USD MILLION) 132
TABLE 69 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR INDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION) 132
TABLE 70 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR INDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 132
TABLE 71 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION) 132
TABLE 72 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 133
TABLE 73 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR OUTDOOR APPLICATION, BY TYPE, 2016–2019 (USD MILLION) 133
TABLE 74 COMMERCIAL SMART LIGHTING MARKET IN EUROPE FOR OUTDOOR APPLICATION, BY TYPE, 2020–2025 (USD MILLION) 133
TABLE 75 COMMERCIAL SMART LIGHTING MARKET IN EUROPE,
BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION) 133
TABLE 76 COMMERCIAL SMART LIGHTING MARKET IN EUROPE,
BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION) 134
TABLE 77 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY INSTALLATION TYPE, 2016–2019 (USD MILLION) 134
TABLE 78 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY INSTALLATION TYPE, 2020–2025 (USD MILLION) 134
TABLE 79 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COUNTRY,
2016–2019 (USD MILLION) 134
TABLE 80 COMMERCIAL SMART LIGHTING MARKET IN EUROPE, BY COUNTRY,
2020–2025 (USD MILLION) 135
12.3.1 UK 135
12.3.1.1 Rising demand for energy-saving lighting solutions to drive commercial smart lighting market in UK 135
12.3.2 GERMANY 136
12.3.2.1 Growing emphasis of government on phasing out conventional lighting technologies fueling market growth in Germany 136
12.3.3 FRANCE 136
12.3.3.1 Increasing awareness regarding benefits of smart lighting creating opportunities for market players 136
12.3.4 ITALY 136
12.3.4.1 Rising focus of government organizations on minimizing energy consumption to foster smart lighting market in Italy 136
12.3.5 REST OF EUROPE 137
12.3.6 IMPACT OF COVID-19 ON EUROPEAN MARKET 137
12.4 APAC 138
FIGURE 47 SNAPSHOT: COMMERCIAL SMART LIGHTING MARKET IN APAC 138
TABLE 81 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OFFERING,
2016–2019 (USD MILLION) 139
TABLE 82 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY OFFERING,
2020–2025 (USD MILLION) 139
TABLE 83 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION) 139
TABLE 84 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION) 139
TABLE 85 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION) 140
TABLE 86 COMMERCIAL SMART LIGHTING MARKET IN APAC FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION) 140
TABLE 87 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY END-USE APPLICATION, 2016–2019 (USD MILLION) 140
TABLE 88 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY END-USE APPLICATION, 2020–2025 (USD MILLION) 141
TABLE 89 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR APPLICATION, 2016–2019 (USD MILLION) 141
TABLE 90 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INDOOR APPLICATION, 2020–2025 (USD MILLION) 141
TABLE 91 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY COMMERCIAL APPLICATION, 2016–2019 (USD MILLION) 142
TABLE 92 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY COMMERCIAL APPLICATION, 2020–2025 (USD MILLION) 142
TABLE 93 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY OUTDOOR APPLICATION, 2016–2019 (USD MILLION) 142
TABLE 94 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY OUTDOOR APPLICATION, 2020–2025 (USD MILLION) 143
TABLE 95 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INSTALLATION TYPE, 2016–2019 (USD MILLION) 143
TABLE 96 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY INSTALLATION TYPE, 2020–2025 (USD MILLION) 143
TABLE 97 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION) 143
TABLE 98 COMMERCIAL SMART LIGHTING MARKET IN APAC,
BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION) 144
TABLE 99 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COUNTRY,
2016–2019 (USD MILLION) 144
TABLE 100 COMMERCIAL SMART LIGHTING MARKET IN APAC, BY COUNTRY,
2020–2025 (USD MILLION) 144
12.4.1 CHINA 145
12.4.1.1 Increasing government expenditure on public infrastructure to drive commercial smart lighting market growth in China 145
12.4.2 JAPAN 145
12.4.2.1 Growing use of commercial smart lighting systems for indoor lighting applications to boost market growth in Japan 145
12.4.3 INDIA 146
12.4.3.1 Ongoing government support for deployment of energy-efficient lighting solutions to drive market growth in India 146
_
12.4.4 AUSTRALASIA 146
12.4.4.1 Growing number of smart infrastructure projects to spur commercial smart lighting market growth 146
12.4.5 REST OF APAC 147
12.4.6 IMPACT OF COVID-19 ON APAC MARKET 147
12.5 REST OF THE WORLD 148
TABLE 101 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY OFFERING,
2016–2019 (USD MILLION) 148
TABLE 102 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY OFFERING,
2020–2025 (USD MILLION) 148
TABLE 103 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR HARDWARE, BY TYPE, 2016–2019 (USD MILLION) 148
TABLE 104 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR HARDWARE, BY TYPE, 2020–2025 (USD MILLION) 149
TABLE 105 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR LIGHTING CONTROLS, BY COMPONENT, 2016–2019 (USD MILLION) 149
TABLE 106 COMMERCIAL SMART LIGHTING MARKET IN ROW FOR LIGHTING CONTROLS, BY COMPONENT, 2020–2025 (USD MILLION) 149
TABLE 107 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY END-USE APPLICATION, 2016–2019 (USD MILLION) 150
TABLE 108 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY END-USE APPLICATION, 2020–2025 (USD MILLION) 150
TABLE 109 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INDOOR APPLICATION, 2016–2019 (USD MILLION) 150
TABLE 110 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INDOOR APPLICATION, 2020–2025 (USD MILLION) 150
TABLE 111 COMMERCIAL SMART LIGHTING MARKET IN ROW,
BY COMMERCIAL APPLICATION, 2016–2019 (USD MILLION) 151
TABLE 112 COMMERCIAL SMART LIGHTING MARKET IN ROW,
BY COMMERCIAL APPLICATION, 2020–2025 (USD MILLION) 151
TABLE 113 COMMERCIAL SMART LIGHTING MARKET IN ROW,
BY OUTDOOR APPLICATION, 2016–2019 (USD MILLION) 151
TABLE 114 COMMERCIAL SMART LIGHTING MARKET IN ROW,
BY OUTDOOR APPLICATION, 2020–2025 (USD MILLION) 152
TABLE 115 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INSTALLATION TYPE, 2016–2019 (USD MILLION) 152
TABLE 116 COMMERCIAL SMART LIGHTING MARKET IN ROW, BY INSTALLATION TYPE, 2020–2025 (USD MILLION) 152
TABLE 117 SMART LIGHTING MARKET IN ROW, BY COMMUNICATION TECHNOLOGY, 2016–2019 (USD MILLION) 152
TABLE 118 SMART LIGHTING MARKET IN ROW, BY COMMUNICATION TECHNOLOGY, 2020–2025 (USD MILLION) 153
TABLE 119 SMART LIGHTING MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION) 153
TABLE 120 SMART LIGHTING MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION) 153
12.5.1 MIDDLE EAST AND AFRICA 153
12.5.1.1 Rapid urbanization to drive commercial smart lighting market in Middle East and Africa 153
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12.5.2 SOUTH AMERICA 154
12.5.2.1 High adoption of commercial smart lighting hardware devices to drive market in South America 154
12.5.3 IMPACT OF COVID-19 ON MARKET IN ROW 154

13 COMPETITIVE LANDSCAPE 155
13.1 OVERVIEW 155
FIGURE 48 KEY DEVELOPMENTS BY LEADING PLAYERS IN MARKET FROM 2016 TO 2020 156
13.2 MARKET RANKING ANALYSIS, 2019 157
FIGURE 49 MARKET RANKING OF TOP 3 PLAYERS IN COMMERCIAL SMART LIGHTING MARKET, 2019 157
13.3 MARKET SHARE ANALYSIS,2019 157
TABLE 121 COMMERCIAL SMART LIGHTING MARKET SHARE ANALYSIS, 2019 157
13.4 HISTORICAL REVENUE ANALYSIS, 2015–2019 (USD BILLION) 159
TABLE 122 5-YEAR HISTORICAL REVENUE ANALYSIS FOR LIGHTING COMPANIES
(USD BILLION) 159
13.5 COMPETITIVE SITUATIONS AND TRENDS 159
FIGURE 50 BATTLE FOR MARKET SHARE: PRODUCT LAUNCHES AND DEVELOPMENTS WERE KEY STRATEGIES ADOPTED BETWEEN 2016 AND 2020 159
13.5.1 PRODUCT LAUNCHES AND DEVELOPMENTS 160
TABLE 123 PRODUCT LAUNCHES AND DEVELOPMENTS, 2016–2020 160
13.5.2 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND CONTRACTS 163
TABLE 124 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND CONTRACTS,
2016–2020 163
13.5.3 ACQUISITIONS 165
TABLE 125 ACQUISITIONS, 2017–2020 165
13.5.4 PRODUCT EXPANSIONS & UPGRADES 167
TABLE 126 PRODUCT EXPANSIONS & UPGRADES, 2018–2020 167
13.5.5 DEMON