COVID-19 Impact on Smart Lighting Market by Offering (Hardware: Lights & Luminaires, Lighting Controls; Software, and Services), Installation Type (New Installation and Retrofit Installation), End-use Application, and Region - Global Forecast to 2025

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Date: 20-Apr-2020
No. of pages: 96
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“Increasing demand for specialty lighting applications to drive the growth of the smart lighting market.”

Post COVID-19, the global smart lighting market size is estimated to grow from USD 9.4 billion in 2020 and projected to reach USD 24.2 billion by 2025, at a CAGR of 20.9%. The projection for 2025 is estimated to be down by 21% as compared to pre-COVID-19 estimation.

The major factors driving the growth of the smart lighting market include increasing demand for specialty lighting applications such as horticulture and UV disinfection lighting, the need for a large number of healthcare facilities to treat an increasing number of patients, and rising demand for sterile manufacturing areas in the pharmaceuticals industry.

“Smart lighting market for services to grow at the highest CAGR between 2020 and 2025.”

The services segment is expected to be adversely impacted as it goes hand-in-hand with that of hardware. However, the impact would be relatively less owing to the nature of the offering, which can be controlled remotely (online) to a great extent. The market for services is expected to increase by 2021 due to the rising construction of hospitals and clean rooms, which will further drive the demand for support and maintenance services.

“Indoor lighting to hold a larger share of the smart lighting market during the forecast period.”

The indoor lighting application segment holds a larger share in the smart lighting industry. The impact of COVID-19 on residential lighting sales is expected to be on a lower side as compared with other/outdoor applications. As most of the activities in commercial buildings are now shifting indoors, the demand for smart lighting in the residential segment has scope to increase.

“Smart lighting industry in APAC expected to grow at the highest CAGR during the forecast period

The smart lighting market in APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rapid infrastructure building activities, mainly in China and India, where smart lighting paves the way for the modernization of infrastructure. Moreover, China has started to recover from the pandemic faster than any other country.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with the key experts. The breakup of the profiles of primary participants is as follows:


  • By Company Type: Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 – 25%

  • By Designation: C-level Executives – 40%, Directors – 35%, Others – 25%

  • By Geography: North America – 10%, Europe – 20%, APAC – 40%, and RoW – 30%


Some of the major players in the global smart lighting market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Acuity Brands, Inc. (US), General Electric Company (US), OSRAM Licht (Germany), Zumtobel Group (Austria), Hubbell Incorporated (US), Dialight PLC (UK), Ideal Industries, Inc. (Cree), and Schneider Electric (France), among others.

Research Coverage

This report covers the COVID-19 impact on the smart lighting market based on installation type, offering, end-use application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products, and services, and key strategies associated with the smart lighting market.

Reasons to Buy the Report:


  • Illustrative segmentation, analysis, and forecast pertaining to the smart lighting market based on installation type, offering, end-use application, and geography have been conducted to provide an overall view of the smart lighting industry considering detailed impact analysis of COVID-19

  • Major drivers, restraints, and opportunities for the smart lighting market have been detailed in this report.

COVID-19 Impact on Smart Lighting Market by Offering (Hardware: Lights & Luminaires, Lighting Controls; Software, and Services), Installation Type (New Installation and Retrofit Installation), End-use Application, and Region - Global Forecast to 2025

Table Of Contents

1 Introduction
1.1 Covid-19 Health Assessment
1.2 Covid-19 Economic Assessment
1.2.1 Covid-19 Impact On The Economy—Scenario Assessment

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakdown And Data Triangulation
2.3 Research Assumptions

3 Executive Summary

4 Impact Of Covid-19 On Smart Lighting: Market Dynamics
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1 Increasing Demand For Specialty Lighting Applications Such As Horticulture Lighting And Uv Disinfection Lighting
4.1.1.2 Need For Large Number Of Healthcare Facilities To Treat Increasing Number Of Patients
4.1.1.3 Rising Demand For Sterile Manufacturing Areas In Pharmaceuticals Industry
4.1.2 Restraints
4.1.2.1 Disruptions In Supply Chain Creating High Demand-Supply Gap, And Ultimately Higher Prices
4.1.2.2 Setback In Investments Hindering Growth Of Both Indoor And Outdoor Lighting Verticals
4.1.3 Opportunities
4.1.3.1 Potential Opportunities For New Vendors Due To Localization Of Components In Long Run
4.1.3.2 Opportunities For Poe-Based Lighting Solutions In Commercial And Healthcare Applications

5 Impact Of Covid-19 On Ecosystem And Extended Ecosystem Of Smart Lighting Market
5.1 Smart Lighting Ecosystem
5.2 Covid-19 Impact On Supply Chain
5.2.1 Implications On Raw Material Providers/Input Suppliers
5.2.2 Implications On Original Equipment Manufacturers
5.2.3 Implications On System Integrators And Service Providers
5.2.4 Implications On Distributors And Sales Channel
5.2.5 Implications On Applications

6 Covid-19 Implications On Businesses: Installation Types
6.1 Introduction
6.2 New Installations
6.3 Retrofit Installations
6.4 Key Insights On Impact Of Covid-19

7 Covid-19 Implications On Businesses: Offerings
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Services
7.5 Key Insights On Impact Of Covid-19

8 Covid-19 Implications On Smart Lighting Applications And Impact On Clients
8.1 Introduction
8.2 Indoor
8.2.1 Residential
8.2.2 Commercial
8.2.3 Industrial
8.2.4 Key Insights On Impact Of Covid-19
8.3 Outdoor
8.3.1 Streets & Roadways Lighting
8.3.2 Lighting For Public Places
8.3.3 Key Insights On Impact Of Covid-19
8.4 Potential Shift In Clients’ Revenues

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.2.4 Key Insights On Impact Of Covid-19
9.3 Europe
9.3.1 Uk
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Rest Of Europe
9.3.6 Key Insights On Impact Of Covid-19
9.4 Apac
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australasia
9.4.5 Rest Of Apac
9.4.6 Key Insights On Impact Of Covid-19
9.5 Row
9.5.1 Middle East & Africa
9.5.2 South America
9.5.3 Key Insights On Impact Of Covid-19

10 Company Profiles
10.1 Introduction
10.1.1 Key Players Revenue Drop During 2007–2009 Recession: An Indication?
10.2 Key Players
10.2.1.1 Signify N.V. (Philips Lighting N.V.)
10.2.1.2 Business Overview
10.2.1.3 Products Offered
10.2.1.4 Key Application Areas
10.2.1.5 Key Announcements
10.2.1.6 Mnm View
10.2.2 Acuity Brands
10.2.2.1 Business Overview
10.2.2.2 Products Offered
10.2.2.3 Key Application Areas
10.2.2.4 Key Announcements
10.2.2.5 Mnm View
10.2.3 Osram
10.2.3.1 Business Overview
10.2.3.2 Products Offered
10.2.3.3 Key Application Areas
10.2.3.4 Key Announcements
10.2.3.5 Mnm View
10.2.4 Zumtobel Group Ag
10.2.4.1 Business Overview
10.2.4.2 Products Offered
10.2.4.3 Key Application Areas
10.2.4.4 Key Announcements
10.2.4.5 Mnm View
10.2.5 Legrand
10.2.5.1 Business Overview
10.2.5.2 Products Offered
10.2.5.3 Key Application Areas
10.2.5.4 Key Announcements
10.2.5.5 Mnm View
10.2.6 Ideal Industries (Cree Lighting)
10.2.6.1 Business Overview
10.2.6.2 Solutions Offered
10.2.6.3 Key Announcements
10.2.6.4 Mnm View
10.2.7 Dialight Plc
10.2.7.1 Business Overview
10.2.7.2 Solutions Offered
10.2.7.3 Key Application Areas
10.2.7.4 Key Announcements
10.2.7.5 Mnm View
10.2.8 General Electric Company
10.2.8.1 Business Overview
10.2.8.2 Products Offered
10.2.8.3 Key Announcements
10.2.8.4 Mnm View
10.2.9 Schneider Electric
10.2.9.1 Business Overview
10.2.9.2 Products/Solutions Offered
10.2.9.3 Key Announcements
10.2.9.4 Mnm View
10.2.10 Hubbell Incorporated
10.2.10.1 Business Overview
10.2.10.2 Products Offered
10.2.10.3 Key Announcements
10.2.10.4 Mnm View

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List Of Tables

Table 1 Criteria Impacting The Global Economy
Table 2 Scenarios In Terms Of Recovery Of The Global Economy
Table 3 Smart Lighting Market, By Installation Type, 2017–2025 (Usd Million)
Table 4 Smart Lighting Market, By Offering, 2017–2025 (Usd Million)
Table 5 Smart Lighting Market, By Application, 2017–2025 (Usd Million)
Table 6 Smart Lighting Market For Indoor Application, By Type, 2017–2025 (Usd Million)
Table 7 Smart Lighting Market For Outdoor Application, By Type, 2017–2025 (Usd Million)
Table 8 Smart Lighting Market, By Region, 2017–2025 (Usd Million)
Table 9 Smart Lighting Market In North America, By Country, 2017–2025 (Usd Million)
Table 10 Smart Lighting Market In Europe, By Country, 2017–2025 (Usd Million)
Table 11 Smart Lighting Market In Apac, By Country, 2017–2025 (Usd Million)
Table 12 Smart Lighting Market In Row, By Region, 2017–2025 (Usd Million)

List Of Figures

Figure 1 Covid-19 The Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
Figure 3 Countries Begin With Similar Trajectories But Curves Deviate Based On Measures Taken
Figure 4 Revised Gdp Forecasts For Select G20 Countries In 2020
Figure 5 Smart Lighting Market: Process Flow Of Market Size Estimation
Figure 6 Data Triangulation
Figure 7 Assumptions Of The Research Study
Figure 8 Smart Lighting Market To Witness Considerable Hit In 2020 Due To Covid-19 Pandemic
Figure 9 Smart Lighting Market For Services Continues To Grow At Highest Cagr During Forecast Period
Figure 10 Least Impacted Indoor Application Expected To Continue To Dominate Smart Lighting Market During Forecast Period
Figure 11 New Installations To Hold Larger Size Of Smart Lighting Market In 2025
Figure 12 Apac To Witness Highest Growth During Forecast Period
Figure 13 Smart Lighting Market: Drivers, Restraints, And Opportunities
Figure 14 Smart Lighting: Ecosystem
Figure 15 Smart Lighting Market: Value Chain
Figure 16 Smart Lighting Market, By Installation Type
Figure 17 New Installation- Scenario Analysis: Pre-Covid-19 And Post Covid-19
Figure 18 Retrofit Installation- Scenario Analysis: Pre-Covid-19 And Post- Covid-19
Figure 19 Smart Lighting Market, By Offering
Figure 20 Smart Lighting Market, By Hardware
Figure 21 Hardware- Scenario Analysis: Pre-Covid-19 And Post Covid-19
Figure 22 Smart Lighting Market, By Software
Figure 23 Software - Scenario Analysis: Pre-Covid-19 And Post-Covid-19
Figure 24 Smart Lighting Market, By Service
Figure 25 Service - Scenario Analysis: Pre-Covid-19 And Post Covid-19
Figure 26 Smart Lighting Market, By End-Use Application
Figure 27 Indoor Application-Scenario Analysis: Prior To Covid -19 And Post- Covid-19
Figure 28 Residential Application-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 29 Commercial Application-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 30 Industrial Application-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 31 Outdoor Application-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 32 Street & Roadway Lighting -Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 33 Lighting For Public Places-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 34 Use Case: Shift In Clients’ Revenues: With Extended Lens On Grow Lights
Figure 35 Smart Lighting Market, By Geography
Figure 36 North America -Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 37 Us-Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 38 Europe -Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 39 Uk-Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 40 Germany-Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 41 Apac -Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 42 China -Scenario Analysis: Prior To Covid -19 And Post-Covid-19
Figure 43 Japan -Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 44 Row -Scenario Analysis: Prior To Covid-19 And Post-Covid-19
Figure 45 Key Players Revenue Drop During 2007–2009 Recession

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