US Smart Lighting

Report Overview

Featuring 32 tables and 21 figures – now available in Excel and Powerpoint!

The Smart Lighting Market is Growing Rapidly, Presenting Major Growth Opportunities for Suppliers

As a relatively undeveloped market, smart lighting presents ample opportunity for gains as it is rapidly adopted in all major lighting markets – including smart homes, smart commercial buildings, and smart cities. Smart lighting appeals to consumers and professionals for a variety of reasons, including connectivity with the broader Internet of Things (IoT), the convenience of wireless and voice controls, and potential energy savings.

Key Findings in the Smart Lighting Study:

Smart Lighting Will Benefit from the Burgeoning Smart Tech and IoT Markets

As the market for smart tech expands and approaches the goal of a pervasive IoT, smart lighting continues to benefit as a natural application for these technologies. Lighting is among the most common applications that consumers and professionals upgrade to smart tech – along with security and HVAC control – and is often their introduction to smart building control.

For consumers, starter kits containing several smart light bulbs and a bridge or gateway can cost $100 or less and allow for easy setup, making smart lighting an accessible entry into the larger smart home market. For nonresidential users, lighting already forms a widespread electrical network and is therefore a natural platform for integrating data networks, automated lighting, and IoT connectivity.

Residential Users Adopt Smart Lighting as a Convenience and Novelty

While consumers can appreciate the energy-saving potential of smart lighting, their electrical expenses generally are not so high as to make reducing lighting consumption a top priority. Rather, smart lighting appeals to consumers primarily as a convenient, new way to interact with their home lighting.

Suppliers can capitalize on consumer views of smart lighting as a convenience and a novelty by emphasizing its advanced control capabilities, including automated features, wireless control (including away-from-home), and voice control. Suppliers should also emphasize their products’ seamless compatibility with smart home speakers, hubs, and apps for smartphones, as well as color temperature and light color options that can be customized to suit different activities (e.g., watching a movie, settling down for sleep, getting out of bed).

Smart Lighting Is Seen as an Energy-Saving Upgrade in Nonresidential Applications

For nonresidential users, smart lighting primarily represents an opportunity for reducing energy consumption. While upgrading to standard LED lighting goes far to save energy, smart lighting can cut costs even further by monitoring and reporting energy use statistics and by automating lighting settings based on occupancy, daylight availability, or demand response programs. As smart lighting’s AI and analytics capabilities continue to improve, this will drive further adoption in such applications as commercial buildings and roadway lighting.

Study Coverage

This study presents historical data (2016, 2017) and forecasts (year-end 2018, 2025) by product (smart light sources, smart lighting fixtures, smart lighting controls) and market (residential buildings, nonresidential buildings, roadway and other nonbuilding markets). The study also evaluates company product offerings, product development, and competitive strategies for industry players including Acuity Brands, Cree, Eaton, Enlighted, General Electric, Honeywell, Hubbell, LEDVANCE, Legrand, Leviton Manufacturing, Lutron Electronics, OSRAM Licht, and Signify.