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The Freedonia Group: smart lighting system sales to reach $4.4 billion by 2025

According to a new study from The Freedonia Group, “Smart Lighting in the U.S.,” smart lighting controls accounted for 63 per cent of smart lighting sales in 2017.

August 21, 2018
By SP&T Staff
SP&T Staff

Smart lighting controls include lighting-specific control devices separate from any light source or fixture, such as:

• centralized lighting system control boxes
• lighting-specific smart home hubs and bridges
• smart light switches and dimmers

The study reports that U.S. demand for smart lighting (lighting sources, fixtures and controls) is forecast to increase to $945 million by year-end 2018. By 2025, demand is expected to reach $4.4 billion, driven by:

• rapid growth in the broader smart tech and IoT markets, including smart home devices, nonresidential building automation and smart city infrastructure
• consumer interest in the convenience of smart lighting capabilities, such as wireless, away-from-home and voice control
• energy saving initiatives, especially in nonresidential applications

The Freedonia Group also identifies the leading industry players in the market, including Cree, Eaton, General Electric, Hubbel, Signify, Ledvance and Legrand.