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The smart lighting market is expected to reach USD 18.0 billion by 2029 from USD 9.5 billion in 2024, at a CAGR of 13.8% during the 2024-2029 period. The major players in the smart lighting market includes Signify Holding (Netherlands), Legrand (France), ACUITY BRANDS, INC. (US), ams-OSRAM AG (Austria), Honeywell International Inc. (US), Zumtobel Group (Austria), Wipro Lighting (India), Lutron Electronics Co., Inc (US), IDEAL INDUSTRIES, INC. (US) (Cree Lighting), LEDVANCE GmbH (Germany), Current (US), Savant Systems, Inc (US), Inter IKEA Systems B.V. (Netherlands), Dialight (UK), Schneider Electric (France), ABB (Switzerland), Lightwave (UK), RAB Lighting Inc. (US), Synapse Wireless Inc. (US), Panasonic Corporation (Japan), Leviton Manufacturing Co., Inc. (US), Syska (India), BUILDING ROBOTICS INC. (BRI), A SIEMENS COMPANY (US), Helvar (Finland), LIFX (US), Nanoleaf (Canada), Sengled GmbH (Germany), and TVILIGHT Projects B.V. (Netherlands).
Signify Holding
Philips Lighting rebranded to Signify Holding, emerging as a leader in connected lighting systems and services, harnessing the power of the Internet of Things (IoT) to revolutionize residential, commercial, and urban landscapes. With a global presence spanning over 60 countries and manufacturing facilities across Europe, South America, and Asia Pacific, Signify Holding is renowned for its expertise in developing, manufacturing, and deploying innovative green and energy-efficient lighting solutions. The company markets its products under various lighting brands, including Philips, Interact, Wiz, Philips Hue, and Color Kinetics.
Signify Holding made headlines in February 2018 by installing the inaugural commercial Power over Ethernet (PoE) connected lighting system for smart offices in the Nordics, utilizing Cisco network technology. This pioneering system was integrated into a newly constructed smart office in Albertslund Municipality, Copenhagen, Denmark, empowering occupants to personalize their lighting experience via a smartphone application. The deployment featured occupancy sensors seamlessly integrated with Signify Holding’s SmartBalance and PowerBalance luminaires. Nearly 400 LED light fixtures were interconnected to Cisco’s secure networking infrastructure, powered by a minimal electric charge transmitted through the network’s Ethernet cables.
Furthermore, Signify Holding has attained carbon neutrality across its operations, with a commitment to zero waste to landfills, accomplished through the exclusive use of 100% renewable energy sources.
Signify Holding operates through 3 major business segments- digital solutions, digital products, and conventional products. Digital products offer an extensive range of LED lamps and functional LED luminaires including smart lighting catering to both consumer and professional clientele. Additionally, it supplies LED electronic components, including LED drivers and modules, to Original Equipment Manufacturers (OEMs) for professional luminaire applications across retail, office, industrial, and outdoor sectors. Signify Holding also holds a prominent position as the global leader in connected home lighting systems, particularly renowned for Philips Hue and WiZ, and ranks among the top three competitors in selected home luminaire markets. Drawing from exclusive research, the company asserts its dominance as the leading seller in the global LED lamps and electronics market as of 2023.
Philips Hue stands out as the premier global provider of connected lighting solutions for consumers, continuously enriching its product portfolio. WiZ Connected extends the accessibility of consumer-connected lighting by offering a Wi-Fi-based ecosystem. Together, Signify Holding’s comprehensive consumer-connected lighting options allow users to connect seamlessly through Wi-Fi, Bluetooth, or the Philips Hue bridge.
Philips Hue and WiZ present intelligent lighting solutions controllable via mobile devices. Furthermore, we’re delving into innovative business models through partnerships across diverse sectors like horticulture and entertainment.
Signify Holding provides smart lighting solutions worldwide, serving markets in Europe, America, the Rest of the World, and globally. As of December 31, 2023, the company had a total workforce of 31,920 employees.
ACUITY BRANDS, INC.
ACUITY BRANDS, INC. operates as a leading industrial technology firm, leveraging technology to address challenges in lighting and spatial solutions. Through its two primary business segments, Acuity Brands Lighting and Lighting Controls (ABL), and the Intelligent Spaces Group (ISG), the company conceptualizes, manufactures, and markets products and services aimed at enhancing people’s lives. Its growth strategy revolves around the continual development of innovative offerings, encompassing lighting, lighting controls, building management solutions, and location-aware applications.
ABL serves as the company’s primary business segment, focusing on a comprehensive portfolio of lighting solutions, including commercial, architectural, and specialty lighting, alongside lighting controls and components. These elements can be integrated to form sophisticated lighting control systems. ABL’s product lineup features luminaires primarily utilizing LED technology, engineered to optimize energy efficiency and comfort across various indoor and outdoor settings. Notable brands within ABL’s portfolio include A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOC Wiring Solutions, and Sensor Switch.
Operating across 18 manufacturing facilities, with 6 in the US, 7 in Mexico, 2 in Europe, and 3 in Canada, Acuity distributes its lighting solutions through independent sales agents, electrical wholesalers, and sales representatives, each assigned to specific geographic territories. Product delivery is facilitated through direct channels or via a network comprising distribution centers, regional warehouses, and commercial storage facilities.
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Zumtobel Group
The Zumtobel Group operates across four continents with 13 production facilities and maintains a presence in nearly 90 countries through sales offices and partnerships. Structured into two main segments, namely the Lighting Segment and the Components Segment, the company provides a diverse range of products and services. Within the Lighting segment, offerings include LED light sources, LED drivers, sensors, lighting management solutions, electronic control gear, emergency lighting, and digital light management systems. Products are marketed under prominent brand names such as Thorn and Zumtobel Group. Additionally, the company offers lighting-related services such as consulting for intelligent lighting management and emergency lighting, light contracting, design, project management for comprehensive lighting solutions, and novel data-driven services aimed at integrating buildings and cities through lighting infrastructure
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