ZigBee-Enabled Lighting Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Residential, Commercial, Industrial), And By Geography - Forecasts From 2021 To 2026

Published:  Dec 2021 Report Code: KSI061611372 Pages: 114

The ZigBee-enabled lighting market is projected to witness a CAGR of 37.12% during the forecast period to reach a total market size of US$581.768 million by 2026, increasing from US$5,302.196 million in 2019.

Introduction

ZigBee is a mesh wireless network built on top of a 2.4 GHz IEEE standard and is ideal for close-range nodes for home lighting and building automation. Zigbee-enabled lightings are essentially LED lights that can be controlled using either your smartphone or a smart home automation hub via mesh wireless technology.

Market Drivers

 The advancements in smart lighting and LED technology offer various novice options which give users complete control over their lighting needs and solutions. As such the incorporation of modern technology is factoring the market ahead during the forecast period. Additionally, these lighting solutions are long-lasting and energy-efficient. These lighting solutions are used in both residential and commercial centers providing automated and controlled lighting options. Thus, the market for ZigBee-enabled lighting is expected to prosper during the requisite time frame

zigbee-enabled lighting market

By geography, North America dominates the market due to the increasing uses of smart lighting solutions; while the Asia-Pacific region will grow significantly as smart lighting technologies evolve especially in the Southeast Asian countries. By application, the commercial segment is expected to register the highest growth rate during the forecast period owing to the growing installation of the ZigBee lighting system in public and commercial infrastructure.

zigbee-enabled lighting market

Growth Factors

  • Advancement in IoT technology

With the advancement of IoT technology, ZigBee-enabled lighting products and solutions have been revolutionized in terms of design and simulation. The concept is constantly evolving to meet the next generation of devices that work with IoT. The usages of sensors have eased the lighting needs further with automated turning on and off options. As lighting involves a large share of cost in commercial buildings and industrial establishments, there is a growing need for smart lighting solutions to conserve electricity.

  • Rising demand for automated lighting

ZigBee-enabled lighting is proving to be a worthy choice for turning a static structure into a dynamic automated establishment. It is also believed to be less expensive than a wired system and guarantees efficiency making it a commercially viable option. They are a well-suited lighting solution for large residential projects. The rapid course of urbanization and infrastructural transformation around the world in furthering the growth of the market.

Restrains

Even though the market for ZigBee-enabled lighting is expanding in several regions of the world, the high cost of manufacturing is containing the adoption of these solutions. Again, the lack of awareness among the people about the presence of such smart solutions is restricting the market from attaining its full potential. These two factors may act as restraints to the overall growth of the market during the forecast period.

Impact of COVID-19 on the ZigBee-Enabled Lighting Market:

The pandemic is expected to leave a lasting impact on the ZigBee-enabled lighting market as the demand from the commercial and industrial sector contracted substantially owing to the lockdowns and restrictions. The demand from the residential and health sector has helped sustain the market. On the supply side, the components and technologies essentially sourced from China suffered a major disruption. The lack of raw materials and intermediary components caused a rippled effect in the manufacturing units trickling down to the slowdown of the supply of ZigBee lights. The market witnessed an overall pessimistic impact after the hit of the pandemic.

Competitive Insights

The market leaders for the ZigBee-Enabled Lighting Market are LG Electronics, OSRAM GmbH, General Electric, Belkin International, Inc., Signify Holding, XAL GmbH, and Cree. Some key developments include:

  • ams AG acquired a minimum of 55% of Osram via the public stock market in 2019.
  • In 2018, Jasco integrated with GE branded ZigBee product line and Amazon.
  • Foxconn acquired the consumer electronics vendor Belkin International for $1.1 billion (US$866 million) in 2018.
  •  Signify expanded its comprehensive smart home lighting offering in the United States in 2019.

ZigBee-Enabled Lighting Market Scope:

Report Metric Details
 Market size value in 2019  US$5,302.196 million
 Market size value in 2026  US$581.768 million
 Growth Rate  CAGR of 37.12% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  LG Electronics, OSRAM GmbH, General Electric, Belkin International, Inc., Signify   Holding, XAL GmbH, Cree
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Application
    • Residential
    • Commercial
    • Industrial
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Australia
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the ZigBee-enabled lighting market size by 2026?
A1. The ZigBee-enabled lighting market is projected to reach a total market size of US$581.768 million in 2026.


Q2. What are the growth prospects for the ZigBee-enabled lighting market?
A2. The global ZigBee-enabled lighting market is projected to grow at a CAGR of 5.82% over the forecast period.


Q3. What is the size of the global ZigBee-enabled lighting market?
A3. ZigBee-Enabled Lighting Market was valued at US$743.258 million in 2019.


Q4. Who are the major players in the ZigBee-enabled lighting market?
A4. The market leaders for the ZigBee-Enabled Lighting Market are LG Electronics, OSRAM GmbH, General Electric, Belkin International, Inc., Signify Holding, XAL GmbH, and Cree.


Q5. Which region holds the largest market share in the ZigBee-enabled lighting market?
A5. North America dominates the ZigBee-enabled lighting market due to the increasing use of smart lighting solutions.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation


2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. ZIGBEE-ENABLED LIGHTING MARKET, BY APPLICATION 
5.1. Introduction
5.2. Residential
5.3. Commercial
5.4. Industrial


6. ZIGBEE-ENABLED LIGHTING MARKET, BY GEOGRAPHY
6.1. Introduction
6.2. North America
6.2.1. United States
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Others
6.4. Europe
6.4.1. Germany
6.4.2. France
6.4.3. United Kingdom 
6.4.4. Italy
6.4.5. Spain 
6.4.6. Others
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. UAE
6.5.3. Israel
6.5.4. Others
6.6. Asia Pacific
6.6.1. China
6.6.2. Australia
6.6.3. Japan
6.6.4. South Korea
6.6.5. India
6.6.6. Thailand
6.6.7. Taiwan
6.6.8. Indonesia
6.6.9. Others


7. COMPETITIVE INTELLIGENCE
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrative
7.3. Mergers, Acquisition, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix


8. COMPANY PROFILES
8.1. LG Electronics
8.2. OSRAM GmbH
8.3. General Electric
8.4. Belkin International, Inc.
8.5. Signify Holding
8.6. XAL GmbH
8.7. Cree

LG Electronics

OSRAM GmbH

General Electric

Belkin International, Inc.

Signify Holding

XAL GmbH

Cree

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us