About Smart Lamp
Smart lamp has three light settings including Cool White, Day Light, and Warm White. Moreover, Smart lamps use wireless transmissions to send and receive their signals, It also provide advance features like built-in Wi-Fi radios to connect directly with router, which control them remotely wherever have an internet connection.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.52% |
In This Market Major Players Are Taking Initiatives To Meet Their Organic And Inorganic Strategy Growth, Companies Are Investing In Product Portfolio And Also Focusing Towards Enhancing Their Global Reach. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Lamp market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Lighting (Netherlands), Hafele Group (Germany), GE Lighting (United States), Lutron Electronics.Co Inc (United States), Daintree Network (United States), Bridgelux (United States), Enchelon Corporation (United States), Eaton Corporation (Ireland), Zumtobel (Austria) and Acuity Brands. Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Deco Lighting, Inc. (United States), Syska (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Smart Lamp market by Type (LED Lamps, Fluorescent lamp, Compact Fluorescent Lamps, High Intensity Discharge Lamps and Others), Application (Residential Use and Commercial Use) and Region.
On the basis of geography, the market of Smart Lamp has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Connectivity , the sub-segment i.e. WiFi will boost the Smart Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Wired will boost the Smart Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets will boost the Smart Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advance function such as, AI assistance offering direct control through voice commands, will further raising the product demand
Market Growth Drivers:
Advanced lighting control systems have become quite popular among consumers and Growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market
Challenges:
Installation cost of smart lamp
Restraints:
Incompatible wireless communication solutions impacts on product demand
Opportunities:
Increasing smart office and smart retail fuels the growth of product and Growing the sales of smart light lamp online platform
Market Leaders and their expansionary development strategies
In October 2021, Leedarson, Bridgelux Forge Partnership To Develop F90 LEDs in this partnership, Leedarson can seamlessly work with Bridgelux to incorporate the new F90 LEDs for CRI90 conversion in luminaire, such as linear lamps, downlights, spotlights, high-bay, to provide lighting products with industry leading efficacy and high CRI with their customers.
In January 2022, GE Lighting introduced new Cync products that will enlarge this clever lights platform to a full clever domestic ecosystem, As section of CES 2022, the employer is introducing a smart thermostat and temperature sensor, a line of outside protection cameras, and a number of new lighting merchandise to its household of linked products
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.