Europe Smart Lighting Market (2023-2029) | Value, COVID-19 IMPACT, Companies, Size, Analysis, Industry, Forecast, Revenue, Trends, Growth & Share

Europe Smart Lighting Market Highlights

Report Name	Europe Smart Lighting Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	16%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Offering, By Installation Type, By End Use Application, By Communication Technology
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Europe Smart Lighting Market 

Europe Smart Lighting Market report thoroughly covers the market by countries, by offering, by installation type, by end use application, and by communication technology. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Smart Lighting Market Synopsis

Europe Smart Lighting Market has witnessed significant growth and transformation in recent years. This burgeoning industry is characterized by the integration of advanced technology into lighting systems, offering customization for consumers and businesses. The major factors driving the Europe Smart Lighting Market Growth includes increasing awareness of energy conservation and environmental sustainability which has prompted consumers and governments to adopt smart lighting solutions that can reduce energy consumption and lower carbon footprints. Additionally, energy-efficient LED bulbs, coupled with smart controls, are becoming increasingly popular as they can adapt to user preferences and environmental conditions. Moreover, the proliferation of the Internet of Things (IoT) and the adoption of smart home and building automation systems have accelerated the adoption of smart lighting. In addition to residential applications, the commercial and industrial sectors in Europe are also embracing smart lighting solutions. Smart lighting systems can enhance workplace productivity and reduce operational costs by optimizing lighting conditions based on occupancy and daylight levels.

According to 6Wresearch, the Europe Smart Lighting Market is forecast to witness growth with an expected CAGR of 16% during the forecast period 2023-2029. One of the primary drivers of this market is the increasing demand for energy-efficient lighting solutions. With growing concerns about environmental sustainability, consumers and businesses alike are increasingly adopting smart lighting systems to reduce their carbon footprint and energy costs. Smart lighting technologies offer improved energy efficiency compared to traditional lighting options, making them an attractive choice for both residential and commercial applications. Furthermore, the proliferation of IoT (Internet of Things) technology has played a crucial role in the expansion of the smart lighting market. Smart lighting systems can be seamlessly integrated into IoT ecosystems, allowing users to control and automate their lighting remotely through smartphones or voice-activated devices. This connectivity enhances user convenience and enables the creation of personalized lighting experiences. In addition to energy efficiency and IoT integration, the growing emphasis on home automation and smart homes is driving the adoption of smart lighting solutions. Consumers are increasingly seeking products that can enhance their lifestyle, and smart lighting offers features like mood lighting, scheduling, and color customization, making it a desirable component of modern smart homes. Despite these drivers, the Europe smart lighting industry faces several challenges such as initial cost of smart lighting systems, which can be higher than traditional lighting options. However, the long-term energy savings and added features often justify this upfront investment. Additionally, interoperability issues between different smart lighting brands and protocols can hinder the seamless integration of various devices within a smart home ecosystem. Furthermore, the adoption of human-centric lighting and the integration of smart lighting into smart city projects are the major trends that are shaping the future of the Europe smart lighting market size.

COVID-19 influence on the Europe Smart Lighting Market 

The COVID-19 pandemic significantly impacted the smart lighting sector in Europe. The market experienced both challenges and growth opportunities during this phase. For instance, restrictions on movement and manufacturing disruptions caused delays in the production and delivery of smart lighting products, affecting the overall market dynamics. Many construction and infrastructure projects were put on hold due to the pandemic, leading to a slowdown in the adoption of smart lighting solutions in commercial and residential spaces. However, the pandemic heightened awareness about the importance of healthy indoor environments propelled the market growth. Smart lighting, with circadian lighting feature gained attention for its potential to enhance well-being. With a greater emphasis on sustainability, energy-efficient smart lighting solutions gained traction as organizations looked for ways to reduce operational costs.

Leading players in the Europe Smart Lighting Market 

Some of the prominent players in the Europe Smart Lighting Market includes;

• Signify (formerly Philips Lighting)
• Osram Licht AG
• Schneider Electric
• Zumtobel Group AG

Government policies and schemes introduced in the Europe Smart Lighting Market 

Major countries of Europe had introduced various policies and initiatives to promote energy-efficient and smart lighting solutions. For instance,

• EU Energy Efficiency Directives: The European Union has been dynamically working on energy efficiency directives that encourage the adoption of energy-efficient lighting technologies.
• National Subsidies and Incentives: Many countries have introduced subsidies, tax incentives, and grants to promote the adoption of energy-efficient lighting technologies, which include smart lighting.
• Smart City Initiatives: Many European cities have initiated smart city projects that include the deployment of smart lighting systems to augment energy efficiency and overall urban living standards.

Market Analysis by Countries

According to Nikhil, Senior Research Analyst, 6Wresearch, Germany has been a dominating leader in the adoption of smart lighting technology as the country is majorly focusing on energy efficiency and sustainability.

Market analysis by Offering

By Offering, the Services segment is expected to witness significant growth as the demand for expert consulting and maintenance services for smart lighting systems continues to rise over the years.

Market analysis by Communication Technology

Based on Communication Technology, the Wireless Communication Technology segment is likely to dominate the Europe Smart Lighting Market share, driven by the convenience and flexibility it offers in implementing smart lighting solutions.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe Smart Lighting Market Outlook
• Market Size of Europe Smart Lighting Market, 2022
• Forecast of Europe Smart Lighting Market, 2029
• Historical Data and Forecast of Europe Smart Lighting Revenues & Volume for the Period 2019 - 2029
• Europe Smart Lighting Market Trend Evolution
• Europe Smart Lighting Market Drivers and Challenges
• Europe Smart Lighting Price Trends
• Europe Smart Lighting Porter's Five Forces
• Europe Smart Lighting Industry Life Cycle
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Offering for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Hardware for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Software for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Services for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By New Installations for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Retrofit Installations for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By End Use Application for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Europe Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Germany Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of France Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Italy Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Russia Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Spain Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Communication Technology for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Wired for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe Smart Lighting Market Revenues & Volume By Wireless for the Period 2019 - 2029
• Europe Smart Lighting Market - Key Performance Indicators
• Europe Smart Lighting Market - Import Export Trade Statistics
• Europe Smart Lighting Market - Opportunity Assessment By Countries
• Europe Smart Lighting Market - Opportunity Assessment By Offering
• Europe Smart Lighting Market - Opportunity Assessment By Installation Type
• Europe Smart Lighting Market - Opportunity Assessment By End Use Application
• Europe Smart Lighting Market - Opportunity Assessment By Communication Technology
• Europe Smart Lighting Market - Top Companies Market Share
• Europe Smart Lighting Market - Top Companies Profiles
• Europe Smart Lighting Market - Comparison of Players in Technical and Operating Parameters
• Europe Smart Lighting Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• Germany
• United Kingdom
• France
• Italy
• Russia
• Spain
• Rest Of Europe

By Offering

• Hardware
• Software
• Services

By Installation Type

• New Installations
• Retrofit Installations

By End Use Application

• Indoor
• Outdoor

By Communication Technology

• Wired
• Wireless