Dec 31, 2019   SOURCE: BusinessWire

Analysis on North America's $7.4 Billion Smart Lighting Market, 2019-2024 - ResearchAndMarkets.com

The "North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

Report Coverage

  • Base Year Considered: 2018
  • Historical Data Coverage: 2013-2018
  • Market Forecast: 2019-2024

The North America smart lighting market reached a value of US$ 2.4 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 7.4 Billion by 2024, registering a CAGR of 19.6% during 2019-2024.

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.

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?

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Smart Lighting Market

5.1 Market Performance

5.2 Market Breakup by Offering

5.3 Market Breakup by Communication Technology

5.4 Market Breakup by Installation Type

5.5 Market Breakup by Light Source

5.6 Market Breakup by Application

5.7 Market Breakup by Region

5.8 Market Forecast

6 North America Smart Lighting Market

6.1 Market Performance

6.2 Market Forecast

7 North America Smart Lighting Market: Breakup by Offering

7.1 Hardware

7.1.1 Lights and Luminaires

7.1.2 Lighting Controls

7.2 Software

7.3 Services

7.3.1 Design and Engineering

7.3.2 Installation

7.3.3 Post-Installation

8 North America Smart Lighting Market: Breakup by Communication Technology

8.1 Wired Technology

8.2 Wireless Technology

9 North America Smart Lighting Market: Breakup by Installation Type

9.1 New Installation

9.2 Retrofit Installation

10 North America Smart Lighting Market: Breakup by Light Source

10.1 LED Lamps

10.2 Fluorescent Lamps

10.3 Compact Fluorescent Lamps

10.4 High Intensity Discharge Lamps

10.5 Others

11 North America Smart Lighting Market: Breakup by Application

11.1 Commercial

11.2 Residential

11.3 Public Infrastructure

11.4 Others

12 North America Smart Lighting Market: Breakup by Country

12.1 United States

12.1.1 Historical market Trends

12.1.2 Market Breakup by Offering

12.1.3 Market Breakup by Communication Technology

12.1.4 Market Breakup by Installation Type

12.1.5 Market Breakup by Light Source

12.1.6 Market Breakup by Application

12.1.7 Market Forecast

12.2 Canada

12.2.1 Historical market Trends

12.2.2 Market Breakup by Offering

12.2.3 Market Breakup by Communication Technology

12.2.4 Market Breakup by Installation Type

12.2.5 Market Breakup by Light Source

12.2.6 Market Breakup by Application

12.2.7 Market Forecast

12.3 Mexico

12.3.1 Historical market Trends

12.3.2 Market Breakup by Offering

12.3.3 Market Breakup by Communication Technology

12.3.4 Market Breakup by Installation Type

12.3.5 Market Breakup by Light Source

12.3.6 Market Breakup by Application

12.3.7 Market Forecast

13 SWOT Analysis

13.1 Overview

13.2 Strengths

13.3 Weaknesses

13.4 Opportunities

13.5 Threats

14 Value Chain Analysis

14.1 Overview

14.2 Research and Product Development

14.3 Raw Material/Component Providers

14.4 Original Equipment Manufacturers (OEMS)

14.5 Key Technology Providers/System Integrators

14.6 End-Users

15 Porter's Five Forces Analysis

15.1 Overview

15.2 Bargaining Power of Buyers

15.3 Bargaining Power of Suppliers

15.4 Degree of Rivalry

15.5 Threat of New Entrants

15.6 Threat of Substitutes

16 Price Analysis

17 Competitive Landscape

17.1 Market Structure

17.2 Key Players

17.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/le24aq