Smart Lighting Market
PUBLISHED: 2024 ID: SMRC25237
SHARE
SHARE

Smart Lighting Market

Smart Lighting Market Forecasts to 2030 - Global Analysis By Product Type (Lighting Controls and Lights & Luminaries), Installation Type (Retrofit Installations and New Installations), Offering, Communication Technology, End User and By Geography

4.2 (53 reviews)
4.2 (53 reviews)
Published: 2024 ID: SMRC25237

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Smart Lighting Market is accounted for $18.07 billion in 2023 and is expected to reach $65.14 billion by 2030 growing at a CAGR of 20.1% during the forecast period. Smart lighting is a lighting system that incorporates advanced technologies, such as LED bulbs, sensors, and connectivity, to provide enhanced functionality, efficiency, and control compared to traditional lighting solutions. Smart lights are often integrated with sensors, which turn them into a point of intelligence device to gather information on activity patterns, daylight levels, occupancy, changes in temperature, or humidity. They offer numerous benefits, including energy savings, convenience, customization, and automation, making it an increasingly popular choice for homes, offices, and commercial spaces.

According to the US DOE, LED lighting would represent 86% of all lighting sales by 2035 due to the benefits offered by LED lights over their conventional counterparts.

Market Dynamics: 

Driver: 

Rising emphasis on energy conservation and sustainability

As societies prioritise eco-friendly solutions, the market for smart lighting is driven by the emphasis on sustainability and energy conservation. With rising concerns over climate change, reducing energy consumption becomes imperative. Smart lighting addresses this by offering superior energy efficiency compared to traditional systems and leveraging technologies like LEDs and sensors for optimised usage. Businesses and consumers seek these solutions to comply with regulations, lower energy bills, and minimise carbon footprints. Moreover, alignment with environmental values drives demand, fostering innovation and growth in the smart lighting sector.

Restraint:

High initial cost

Initial investment in smart lighting systems, including specialised bulbs, sensors, and control devices, tends to be higher compared to traditional lighting solutions. This higher upfront cost can deter potential adopters, especially budget-conscious consumers and businesses. Despite long-term energy savings and benefits, the initial financial outlay may pose a barrier to entry, delaying adoption and inhibiting market growth.

Opportunity:

Commercial and industrial applications

Smart lighting solutions provide energy efficiency, cost savings, and enhanced productivity through features like LED technology, occupancy sensors, and tunable lighting. These solutions cater to the extensive lighting needs of businesses, ensuring optimal lighting conditions for different tasks and environments. Additionally, smart lighting enhances safety and security with features such as motion detection and remote access control. Furthermore, integration with IoT and building management systems further amplifies the benefits, making smart lighting a compelling choice for commercial and industrial facilities. 

Threat:

Interoperability challenges

The incapability of various smart lighting devices and protocols to work together seamlessly might impede the smooth integration of lighting systems and restrict their functionality and scalability. This instability makes it more difficult to install, maintain, and utilise smart lighting systems, which upsets users and makes them reluctant to use them. Also, lack of interoperability also hampers innovation and market growth by inhibiting collaboration among manufacturers and limiting the development of cohesive ecosystems.

Covid-19 Impact

COVID-19 initially caused disruptions that affected production and supply chains, causing a temporary dip in growth. This particularly impacted hardware-focused segments like lights and luminaries. With people spending more time at home, demand for home improvement and convenience surged. This led to increased adoption of smart lights for their energy efficiency, customisation, and enhanced comfort, boosting the residential segment. Additionally, government stimulus packages and a growing focus on energy-saving solutions further fuelled market recovery.

The lights & luminaries segment is expected to be the largest during the forecast period

The lights & luminaries segment is estimated to hold the largest share. Lights & Luminaries represents the physical fixtures and bulbs that emit the light. This segment encompasses smart bulbs, LED strips, light panels, and other luminaires specifically designed to integrate with smart lighting systems. These products typically offer features like remote control, colour changing, dimming, and integration with voice assistants or automated schedules, contributing to the overall functionalities and benefits of the Smart Lighting Market. 

The outdoor segment is expected to have the highest CAGR during the forecast period

The outdoor segment is anticipated to have lucrative growth during the forecast period. This segment encompasses a range of intelligent lighting solutions designed for exterior environments such as streets, parks, stadiums, and building facades. These solutions leverage technologies like LED, sensors, and wireless connectivity to provide features such as adaptive lighting, remote monitoring, and motion sensing. Outdoor smart lighting systems prioritize energy efficiency, enhanced visibility, and safety while offering opportunities for smart city initiatives, environmental monitoring, and data-driven urban planning

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period due to rising LED adoption, energy efficiency demands, and a tech-savvy population. China is leading the way in the commercial sector's adoption of smart lighting for convenience and cost savings, followed by India and South Korea. While both wired and wireless technologies are used, BLE and Zigbee have greater popularity due to their lower costs. Furthermore, affordability and government regulations fostering energy efficiency are key growth drivers, making the future bright for smart lights in the region. 

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period, due to growing demand for energy-efficient solutions. The US dominates, fuelled by major players and smart city initiatives. With a focus on enhancing convenience, reducing energy consumption, and enabling customization, smart lighting systems incorporating IoT connectivity and sensor technologies are gaining traction across residential, commercial, and industrial sectors. Key players in the region are actively innovating to offer integrated solutions that provide remote control, automation, and data analytics capabilities, poised for continued growth in the North American market.

Key players in the market

Some of the key players in the Smart Lighting Market include Honeywell International Inc., Signify, Acuity Brands, Inc., Legrand S.A., Lutron Electronics, Leviton Manufacturing Company, Inc., Zumtobel Group, Hubbell Incorporated, Dialight PLC, GE Current, Deal Industries, Inc., Panasonic, Adesto Technologies , Synapse Wireless, ABB, Wipro Enterprise Ltd, Savant Systems Inc., LG Electronics, Enlighted Inc and RAB Lighting.

Key Developments:

In January 2024, Leviton announced that it acquired PRISM Data Centre Solutions (DCS) Limited, a leading manufacturer of network enclosures. The acquisition adds network rack, data and server cabinets to Leviton’s system offering for enterprise and data centre customers

In August 2023, Honeywell launches new airfield ground lighting manufacturing facility in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies.

In May 2022, Leviton Adds Five New Products to Decora Smart® Offering, Expanding Compatibility and Smart Lighting Capabilities for More Homes.

Product Types Covered:
• Lighting Controls 
• Lights & Luminaries 

Installation Types Covered:
• Retrofit Installations
• New Installations

Offerings Covered:
• Software
• Hardware
• Services

Communication Technologies Covered:
• Wireless
• Wired

End Users Covered:
• Outdoor
• Indoor
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Smart Lighting Market Market, By Product Type 
 5.1 Introduction    
 5.2 Lighting Controls    
 5.3 Lights & Luminaries    
       
6 Global Smart Lighting Market Market, By Installation Type 
 6.1 Introduction    
 6.2 Retrofit Installations   
 6.3 New Installations    
       
7 Global Smart Lighting Market Market, By Offering  
 7.1 Introduction    
 7.2 Software     
 7.3 Hardware    
 7.4 Services     
       
8 Global Smart Lighting Market Market, By Communication Technology
 8.1 Introduction    
 8.2 Wireless     
 8.3 Wired     
       
9 Global Smart Lighting Market Market, By End User  
 9.1 Introduction    
 9.2 Outdoor     
  9.2.1 Highways and Roadways  
  9.2.2 Architectural   
 9.3 Indoor     
  9.3.1 Residential   
  9.3.2 Commercial   
 9.4 Other End Users    
       
10 Global Smart Lighting Market Market, By Geography 
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions    
 11.5 Other Key Strategies   
       
12 Company Profiling     
 12.1 Honeywell International Inc.   
 12.2 Signify     
 12.3 Acuity Brands, Inc.    
 12.4 Legrand S.A.    
 12.5 Lutron Electronics    
 12.6 Leviton Manufacturing Company, Inc.  
 12.7 Zumtobel Group    
 12.8 Hubbell Incorporated   
 12.9 Dialight PLC    
 12.10 GE Current     
 12.11 Deal Industries, Inc.    
 12.12 Panasonic    
 12.13 Adesto Technologies   
 12.14 Synapse Wireless    
 12.15 ABB     
 12.16 Wipro Enterprise Ltd   
 12.17 Savant Systems Inc.    
 12.18 LG Electronics    
 12.19 Enlighted Inc    
 12.20 RAB Lighting    
       
List of Tables      
1 Global Smart Lighting Market Market Outlook, By Region (2021-2030) ($MN)
2 Global Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
4 Global Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
5 Global Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
6 Global Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
7 Global Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
8 Global Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
9 Global Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
10 Global Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
11 Global Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
12 Global Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
13 Global Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
14 Global Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
15 Global Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
16 Global Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
17 Global Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
18 Global Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
19 Global Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
20 Global Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
21 Global Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
22 Global Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)
23 North America Smart Lighting Market Market Outlook, By Country (2021-2030) ($MN)
24 North America Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
25 North America Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
26 North America Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
27 North America Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
28 North America Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
29 North America Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
30 North America Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
31 North America Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
32 North America Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
33 North America Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
34 North America Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
35 North America Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
36 North America Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
37 North America Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
38 North America Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
39 North America Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
40 North America Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
41 North America Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
42 North America Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
43 North America Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
44 North America Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)
45 Europe Smart Lighting Market Market Outlook, By Country (2021-2030) ($MN)
46 Europe Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
47 Europe Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
48 Europe Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
49 Europe Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
50 Europe Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
51 Europe Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
52 Europe Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
53 Europe Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
54 Europe Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
55 Europe Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
56 Europe Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
57 Europe Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
58 Europe Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
59 Europe Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
60 Europe Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
61 Europe Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
62 Europe Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
63 Europe Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
64 Europe Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
65 Europe Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
66 Europe Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)
67 Asia Pacific Smart Lighting Market Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
69 Asia Pacific Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
70 Asia Pacific Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
71 Asia Pacific Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
72 Asia Pacific Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
73 Asia Pacific Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
74 Asia Pacific Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
75 Asia Pacific Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
76 Asia Pacific Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
77 Asia Pacific Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
78 Asia Pacific Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
79 Asia Pacific Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
80 Asia Pacific Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
81 Asia Pacific Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
82 Asia Pacific Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
83 Asia Pacific Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
84 Asia Pacific Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
85 Asia Pacific Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
86 Asia Pacific Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
87 Asia Pacific Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
88 Asia Pacific Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)
89 South America Smart Lighting Market Market Outlook, By Country (2021-2030) ($MN)
90 South America Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
91 South America Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
92 South America Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
93 South America Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
94 South America Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
95 South America Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
96 South America Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
97 South America Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
98 South America Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
99 South America Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
100 South America Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
101 South America Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
102 South America Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
103 South America Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
104 South America Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
105 South America Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
106 South America Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
107 South America Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
108 South America Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
109 South America Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
110 South America Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)
111 Middle East & Africa Smart Lighting Market Market Outlook, By Country (2021-2030) ($MN)
112 Middle East & Africa Smart Lighting Market Market Outlook, By Product Type (2021-2030) ($MN)
113 Middle East & Africa Smart Lighting Market Market Outlook, By Lighting Controls (2021-2030) ($MN)
114 Middle East & Africa Smart Lighting Market Market Outlook, By Lights & Luminaries (2021-2030) ($MN)
115 Middle East & Africa Smart Lighting Market Market Outlook, By Installation Type (2021-2030) ($MN)
116 Middle East & Africa Smart Lighting Market Market Outlook, By Retrofit Installations (2021-2030) ($MN)
117 Middle East & Africa Smart Lighting Market Market Outlook, By New Installations (2021-2030) ($MN)
118 Middle East & Africa Smart Lighting Market Market Outlook, By Offering (2021-2030) ($MN)
119 Middle East & Africa Smart Lighting Market Market Outlook, By Software (2021-2030) ($MN)
120 Middle East & Africa Smart Lighting Market Market Outlook, By Hardware (2021-2030) ($MN)
121 Middle East & Africa Smart Lighting Market Market Outlook, By Services (2021-2030) ($MN)
122 Middle East & Africa Smart Lighting Market Market Outlook, By Communication Technology (2021-2030) ($MN)
123 Middle East & Africa Smart Lighting Market Market Outlook, By Wireless (2021-2030) ($MN)
124 Middle East & Africa Smart Lighting Market Market Outlook, By Wired (2021-2030) ($MN)
125 Middle East & Africa Smart Lighting Market Market Outlook, By End User (2021-2030) ($MN)
126 Middle East & Africa Smart Lighting Market Market Outlook, By Outdoor (2021-2030) ($MN)
127 Middle East & Africa Smart Lighting Market Market Outlook, By Highways and Roadways (2021-2030) ($MN)
128 Middle East & Africa Smart Lighting Market Market Outlook, By Architectural (2021-2030) ($MN)
129 Middle East & Africa Smart Lighting Market Market Outlook, By Indoor (2021-2030) ($MN)
130 Middle East & Africa Smart Lighting Market Market Outlook, By Residential (2021-2030) ($MN)
131 Middle East & Africa Smart Lighting Market Market Outlook, By Commercial (2021-2030) ($MN)
132 Middle East & Africa Smart Lighting Market Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials