North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The North America smart lighting market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2023-2028.

Smart lighting is an energy-efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters, such as occupancy or daylight availability. Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the internet of things (IoT) has improved the integration of smart lighting with other automated systems used in smart homes.

North America smart lighting market is currently being driven by several factors. The shelf life of smart light is very high, which reduces the need to change the light at regular intervals, as in the case of traditional lights. Owing to this, the market is currently witnessing an increasing acceptance among consumers, thereby catalyzing the market growth in the region. In addition to this, the continuous technological advancements in the design and manufacturing of smart lighting systems have increased their power efficiency and expanded their applications across several sectors. Furthermore, the high per capita incomes of the consumers have enabled them to invest in improved technologies, such as smart lighting.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America smart lighting market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on offering, communication technology, installation type, light source and application.

Key Regions Analysed
United States
Canada
Mexico

Analysis for Each Country

Market by Offering
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation

Market by Communication Technology
Wired Technology
Wireless Technology

Market by Installation Type
New Installation
Retrofit Installation

Market by Light Source
LED Lamps
Fluorescent Lamps
Compact Fluorescent Lamps
High Intensity Discharge Lamps
Others

Market by Application
Commercial
Residential
Public Infrastructure
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report

1. What was the size of the North America smart lighting market in 2022?
2. What is the expected growth rate of the North America smart lighting market during 2023-2028?
3. What are the key factors driving the North America smart lighting market?
4. What has been the impact of COVID-19 on the North America smart lighting market?
5. What is the breakup of the North America smart lighting market based on the offering?
6. What is the breakup of the North America smart lighting market based on the communication technology?
7. What is the breakup of the North America smart lighting market based on the installation type?
8. What is the breakup of the North America smart lighting market based on the light source?
9. What is the breakup of the North America smart lighting market based on the application?
10. What are the key regions in the North America smart lighting market?