Market Overview

Smart Lighting System Sales Projected to Reach $4.4 Billion by 2025

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Smart Lighting System Sales Projected to Reach $4.4 Billion by 2025

Smart lighting controls accounted for 63% of smart lighting sales in 2017

PR Newswire

CLEVELAND, Aug. 15, 2018 /PRNewswire/ -- Smart lighting controls accounted for 63% of smart lighting sales in 2017. Smart lighting controls include lighting-specific control devices separate from any light source or fixture, such as:

  • centralized lighting system control boxes
  • lighting-specific smart home hubs and bridges
  • smart light switches and dimmers

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

Smart lighting controls are critical for energy savings in nonresidential applications, using large networks of sensors and advanced analytics to reduce energy consumption. Some of the conveniences of consumer smart lighting (e.g., voice control, away-from-home remote control) often require a bridge or hub. Building control suppliers have readily expanded their product offerings to incorporate smart lighting capabilities into broader building automation and Internet of Things (IoT) systems. These and other trends are presented in Smart Lighting in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/smart-lighting-3655.htm

US demand for smart lighting (lighting sources, fixtures and controls) is forecast to increase to $945 million by year-end 2018. By 2025, demand is expected to reach $4.4 billion, driven by:

  • rapid growth in the broader smart tech and IoT markets, including smart home devices, nonresidential building automation, and smart city infrastructure
  • consumer interest in the convenience of smart lighting capabilities, such as wireless, away-from-home, and voice control
  • energy saving initiatives, especially in nonresidential applications

Related studies include:

#3659 Smart and Connected Thermostats in the US (July 2018)
#3639 Smart Home Security in the US (April 2018)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group

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