Smart Light and Control Market size was valued at USD 15.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.8% from 2026 to 2033, reaching USD 34.5 Billion by 2033.
The Smart Light and Control Market was valued at approximately $15.3 billion in 2022, with a compound annual growth rate (CAGR) of 18.2% expected from 2022 to 2030. The growing adoption of energy efficient lighting solutions, coupled with advancements in IoT enabled smart technologies, has significantly contributed to this growth. North America led the market, accounting for around $5.8 billion in revenue, driven by increased smart home adoption and government initiatives for energy efficiency. Europe followed closely, with market revenue reaching $4.1 billion in 2022, spurred by stringent energy regulations and the demand for advanced lighting solutions in both residential and commercial sectors.
In the Asia Pacific region, the market recorded substantial growth with a valuation of $3.6 billion in 2022. This expansion is attributed to rapid urbanization, growing disposable incomes, and increased awareness of energy conservation, especially in countries like China and India. Latin America and the Middle East & Africa also showcased steady growth, with market sizes of $1 billion and $0.8 billion respectively. These regions are increasingly leveraging smart lighting for infrastructure projects and energy management, presenting lucrative opportunities for further market penetration. Emerging trends such as AI driven lighting systems and the integration of lighting controls with building automation systems are expected to unlock significant opportunities for industry players in the near future.
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Acuity Brands
Ams
Bytelight
Commscope
Daintree Networks
Eaton s Cooper Lighting
Enlighted
Lutron
Nxp Semiconductors
Tvilight
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Smart Light and Control Market
Smart Bulbs
Smart Light Strips
Smart Fixtures
Smart Lamps
Smart Light Panels
Wi-Fi Based
Zigbee
Z-Wave
Bluetooth
Infrared
Residential
Commercial
Industrial
Online Retailers
Offline Retail Stores
Direct Sales
Distributors
Standalone Control Systems
Integrated Control Systems
Mobile App-based Control
Voice-controlled Systems
Automated Scheduling Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Smart Light and Control Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Smart Light and Control Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Smart Light and Control Market, By Type
6. Global Smart Light and Control Market, By Application
7. Global Smart Light and Control Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Smart Light and Control Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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