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IoT lighting market to reach $4.5B in 2026

IoT lighting market to reach $4.5B in 2026

Market news |
By Rich Pell



The report looks at the global market for IoT lighting solutions within commercial buildings, including hardware, software, and services. It forecasts global market revenue for IoT lighting to grow from $651.1 million in 2017 to $4.5 billion in 2026.

Accelerating the evolution from intelligent lighting control systems to IoT lighting systems, the report says, are networked lighting controls and easy-to-use sensors. Opportunities for energy and operational cost savings, occupant health and well-being, and insights from data analytics are driving this market forward.

“Data generation has increased due to the continual growth of connected devices,” says Krystal Maxwell, research analyst at Navigant Research. “The level of granular data produced from an IoT lighting system can be utilized by other building systems and provide greater insight into the building as a whole, making lighting an ideal entrance for IoT in commercial buildings.”

In addition to analyzing IoT lighting solutions, the report examines use cases and provides case studies highlighting IoT lighting solutions in select building types, including office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport. It also analyzes market issues – including key drivers and barriers for IoT lighting solutions in commercial buildings – as well as current and emerging communication protocols for IoT lighting systems, including BACnet, Bluetooth, EnOcean, Thread, ZigBee, VLC, and Wi-Fi.

Key lighting technology providers highlighted in the report include Acuity Brands, Amatis Controls, Current – powered by GE, Echelon, Enlighted, EnOcean GmbH, Digital Lumens, Lunera, Lutron, OSRAM, and Philips Lighting. Other key listed technology providers influencing the industry include ENTOUCH, Ersúles Ltd., Intel, Johnson Controls, Molex, Schneider Electric, Siemens, UTC Climate Controls & Security, and WattStopper (Legrand).

To see the report, visit IoT for Lighting.

Related articles:
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Smart buildings solutions provider Digital Lumens acquired
Smart buildings platform gathers sensors and lighting data
IoT lighting acquisition leverages computer vision for smart city applications

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