Australia Smart Lighting Market Overview, 2028

Australia Smart Lighting Market Overview, 2028

In Australia, the smart lighting market is quickly expanding as individuals increasingly choose energy-efficient and connected lighting solutions for their homes and workplaces. The federal government has set aside an initial $50 million to assist in the development of smart, interconnected communities across the country, with smart lighting being a primary focus of the strategy. Adelaide has already embraced the proposal, having conducted an Australian-first trial of intelligent street lighting technology to enhance energy efficiency and assess the potential of smart street lighting technology in the future. In addition, the City of Melbourne is embracing energy-efficient street lighting and is now upgrading 14,000 lights to LED technology. In addition, the City of Sydney has erected over 5,000 LED street lights, which has decreased the city's energy usage by more than 48% since March 2012, saving about $800,000 in energy costs. Smart lighting solutions have become more economical and accessible to consumers as technology has advanced. The evolution of wireless communication technologies such as Zigbee, Z-wave, and Bluetooth has simplified the integration of smart lighting systems into homes and businesses. The Australian government has launched several initiatives to promote energy-efficient lighting, including the phase-out of inefficient incandescent bulbs and the introduction of energy labeling requirements. This has helped to create awareness among consumers about the benefits of energy-efficient lighting, including smart lighting solutions.

According to the research report ""Australia Smart Lighting Market Overview, 2028,"" published by Bonafide Research, the Australia Smart Lighting Market is expected to grow at a CAGR of 23.18% from 2023 to 2028. The government has launched the National Energy Productivity Plan, which aims to improve Australia's energy productivity by 40% by 2030. The plan includes measures to promote energy efficiency in lighting, buildings, and appliances. Furthermore, the government has provided funding for research and development of smart lighting technologies, including the development of wireless communication protocols and sensor technologies. Li-Fi is a wireless communication technology that uses light waves to transmit data. This technology is being used in some smart lighting systems in Australia, allowing data to be transmitted through light waves instead of radio waves. This can improve the speed and reliability of data transmission in environments where radio waves may not be suitable. Some Australian companies are developing their own smart lighting technologies that are tailored to the local market. These technologies include wireless communication protocols that can operate in harsh Australian environments, and sensor technologies that can detect and respond to local weather conditions. Australians enjoy spending time outside, particularly during the summer months. This has resulted in an increase in the use of smart lighting in outdoor applications such as gardens, patios, and outdoor entertainment spaces. These systems can be utilised to add atmosphere, highlight landscape elements, and enhance safety and security. Australians value design and aesthetics and are looking for smart lighting solutions that are both functional and visually pleasing. This includes technologies that can be tailored to suit various interior design styles and tastes.

The government has provided funding for research and development of smart lighting technologies. For example, the government's Cooperative Research Centre (CRC) program has supported several research projects focused on developing innovative smart lighting solutions. The government offers rebate programs to incentivize the adoption of energy-efficient lighting solutions, including smart lighting. These programs provide financial assistance to consumers and businesses to purchase and install energy-efficient lighting products. The Australian government has partnered with the Smart Lighting Summit to promote the adoption of smart lighting technologies in buildings and public spaces. The summit brings together industry leaders, government officials, and other stakeholders to discuss the latest trends and innovations in smart lighting. Furthermore, the government has partnered with several cities across Australia to implement smart lighting solutions in public spaces. For example, the city of Adelaide has implemented a smart lighting system in its central business district, which uses motion sensors and dimming controls.
Based on report, the market is segmented into offerings, hardware, software and services. The hardware offerings are leading the market in Australia with highest market share. Australia has set ambitious energy efficiency targets, which has led to an increasing demand for energy-efficient lighting solutions. Smart lighting systems can help meet these targets by automatically adjusting lighting levels and turning off lights in unoccupied areas. Australia is currently experiencing significant infrastructure development, particularly in the areas of smart cities and building automation. This has led to an increasing demand for smart lighting solutions that can be integrated with other building automation systems, such as HVAC and security systems. The hardware offerings in the smart lighting industry have advanced significantly in recent years, with the development of new technologies such as LED lighting, sensors, and wireless communication protocols. These advancements have made smart lighting solutions more reliable, scalable, and cost-effective.

According to the report, the market is divided into installation, new and retrofit. The new installation is dominating the market of smart lighting in Australia with highest market share as well. Australia is currently experiencing significant Greenfield developments, particularly in the areas of residential and commercial construction. This has led to an increasing demand for smart lighting solutions that can be integrated into new buildings during the construction phase. The hardware offerings in the smart lighting industry have advanced significantly in recent years, with the development of new technologies such as LED lighting, sensors, and wireless communication protocols. These advancements have made it easier and more cost-effective to install smart lighting systems in new buildings. Retrofitting existing buildings with smart lighting solutions can be challenging and costly, particularly in older buildings with out-dated wiring and infrastructure. As a result, many businesses and homeowners prefer to install smart lighting systems during the construction phase of new buildings.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia Smart Lighting market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offerings
• Hardware
• Software
• Services

By Application
• Indoor
• Outdoor

By Indoor Application
• Commercial
• Residential
• Industrial
• Others

By Outdoor Application
• Highways & Roadways
• Architectural Lighting
• Lighting for Public Places

By Installation Type
• New
• Retrofit

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Smart Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.