Published Date: 2022-07-18
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European Smart Lighting Market size is predicted to reach USD 6.43 billion by 2028, according to a latest forecast report by Graphical Research.
The market growth can be credited to the escalating uptake of smart lighting solutions for the purpose of facilitating government initiatives. The programs are being undertaken for the development of highly connected smart city network infrastructure across the European region.
Smart cities have recorded the growing deployment of smart lighting owing to the need for control and sustainability. This can be primarily attributed to lamp-level control that would enable the continuous powering of smart streetlight networks, even during the day. This allows the supply of a large number of IoT devices and other sensors that could be supplied from the smart street lighting grid by deploying any available communication. This would further enable coordination by means of street lighting software or a range of IoT platforms.
The indoor lighting segment will exceed USD 5050 million until 2028, attributed to the efforts of numerous industry participants striving to bring about unique lighting solutions for residential and commercial interior spaces.
Furthermore, the industry has also registered a surging demand for energy-efficient lighting solutions for the reduction of energy consumption cost. The governments across the globe are restricting the deployment of low energy-efficient solutions like halogen and incandescent lamps in the commercial sector. The escalating awareness regarding the cost benefits of energy efficient LED solutions in the residential sector is anticipated to drive the market expansion.
The wired technology segment is slated to gain substantial returns through 2028, due to the numerous advantages of wired smart lights such as less hardware installation, long cable support, high system reliability, etc.
Browse detailed statistical insights from the report, “Europe Smart Lighting Market Forecast 2028 By Technology [Wired {PLC (Power Line Control), PoE (Power over Ethernet), DALI (Digital Addressable Lighting Interface), Hybrid}, Wireless {Bluetooth, Zigbee, Wi-Fi, EnOcean, Hybrid}]), By Component (Product [Luminaires {Smart Bulbs, Fixtures}, Light Control {Sensors, Switches & Dimmers, Relays, Router & Gateways, LED Driver & Ballasts}], By Lighting Source (LED, Fluorescent Lamp, CFL (Compact Fluorescent Light), HIDL (High Intensity Discharge Lamp), By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Netherlands), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1023/europe-smart-lighting-market
The software segment will register substantial gains by 2028, driven by the massive penetration of the Internet of things and the deployment of the cloud model across smart infrastructures.
Germany smart lighting industry size is poised to grow at a CAGR of 18% during the forecast timeline, owing to an increase in initiatives by various companies in the country. Many regional firms are working toward successfully integrating software and hardware for the development of smart lighting solutions comprising light controllers, sensors, and IoT (Internet of Things) for providing a one-stop lighting solution for high-end residential, office, and smart buildings.
The European smart lighting market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
Europe Market, By Component:
Europe Market, By Technology
Europe Market, By Application:
The above information has been provided for the following countries:
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