The North America smart lighting market reached a value of US$ 2.4 Billion in 2018. Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes.

North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting. Looking forward, IMARC Group expects the market to reach a value of US$ 7.4 Billion by 2024, registering a CAGR of 19.6% during 2019-2024.


Report Scope:

North America Smart Lighting Market

Key Regions Analysed
United States
Canada
Mexico

Analysis for Each Country

Market by Offering
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation

Market by Communication Technology
Wired Technology
Wireless Technology

Market by Installation Type
New Installation
Retrofit Installation

Market by Light Source
LED Lamps
Fluorescent Lamps
Compact Fluorescent Lamps
High Intensity Discharge Lamps
Others

Market by Application
Commercial
Residential
Public Infrastructure
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

Key questions answered in this report:

How has the North America smart lighting market performed so far and how will it perform in the coming years?
What are the key regions in the North America smart lighting market?
What is the breakup of the North America smart lighting market on the basis of offering?
What is the breakup of the North America smart lighting market on the basis of communication technology?
What is the breakup of the North America smart lighting market on the basis of installation type?
What is the breakup of the North America smart lighting market on the basis of light source?
What is the breakup of the North America smart lighting market on the basis of application?
What are the various stages in the value chain of the North America smart lighting industry?
What are the key driving factors and challenges in the North America smart lighting industry?
What is the structure of the North America smart lighting industry and who are the key players?
What is the degree of competition in the North America smart lighting industry?
What are the profit margins in the North America smart lighting industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Offering, Communication Technology, Installation Type, Light Source and Application

Report Customization: Although IMARC has tried to cover everything in the North America smart lighting market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.