Smart LED Light Bulbs Market was valued at USD 14.12 Billion in 2022 and is projected to reach USD 30.21 Billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030.
The smart LED light bulbs market has witnessed significant growth between 2018 and 2022, with projections indicating even more substantial demand from 2023 to 2033. This article delves into the market’s evolution, key drivers, and future expectations.
From 2018 to 2022, the global smart lighting market experienced a robust expansion. In 2022, the market was valued at approximately USD 15.05 billion, reflecting a compound annual growth rate (CAGR) of 22.1% from previous years. This surge was primarily driven by the increasing adoption of Internet of Things (IoT) devices, allowing users to control lighting through smartphones and tablets, thereby enhancing convenience and energy efficiency.
As we look ahead, the demand for smart LED light bulbs is anticipated to escalate further. Projections suggest that the market could reach USD 72.35 billion by 2030, maintaining a CAGR of 22.1% from 2023 onwards. Factors contributing to this growth include:
- Energy Efficiency: Consumers are increasingly prioritizing energy-saving solutions, and smart LED bulbs offer significant reductions in electricity consumption compared to traditional lighting.
- Smart Home Integration: The rise of smart homes has led to a higher demand for connected lighting solutions that can be seamlessly integrated with other smart devices.
- Government Initiatives: Many governments worldwide are implementing policies to promote energy-efficient lighting, further propelling the adoption of smart LED bulbs.
In my personal experience, integrating smart LED bulbs into my home has not only reduced my energy bills but also provided unparalleled convenience. The ability to adjust lighting settings remotely and create customized lighting scenes has transformed the ambiance of my living spaces.
Looking forward, the market is poised for remarkable growth. Estimates indicate that by 2033, the smart lighting market could be valued at approximately USD 72.39 billion, growing at a CAGR of 17.2% from 2024 to 2033. This upward trajectory underscores the increasing consumer awareness and technological advancements in the lighting industry.
Get an In-Depth Research Analysis of the Global Smart LED Light Bulbs Market Size And Forecast [2025-2032]
Who are the largest Global manufacturers in the Smart LED Light Bulbs industry?
- Philips
- Wyze
- Meross
- Kasa Smart
- Sengled
- GE Lighting
- Daybetter
- Amazon Basics
- LEDVANCE GmbH
- Govee
- OSRAM Sylvania Inc.
- Treatlife
- Feit Electric
- LUMIMAN
- Xiaomi
- LIFX
- TorchStar
- Energetic Lighting
- ANWIO
- LOHAS LED
- Satco
- Yeelight
- Lepro
- Ledmundo
- Helloify Lighting
- Sunco Lighting
- KHSUIN
- Homevenus
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Smart LED Light Bulbs Market Size And Forecast [2025-2032]
What are the factors driving the growth of the Global Smart LED Light Bulbs Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Smart LED Light Bulbs Market
- Commercial
- Residential
What are the types of Smart LED Light Bulbs available in the Market?
Based on Types the Market is categorized into Below types that held the largest Smart LED Light Bulbs market share In 2023.
- Below $25
- $25 to $50
- Above $50
Which regions are leading the Global Smart LED Light Bulbs Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Smart LED Light Bulbs Market Research Analysis
Detailed TOC of Global Smart LED Light Bulbs Market Research Report, 2024-2032
1. Introduction of the Global Smart LED Light Bulbs Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Smart LED Light Bulbs Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Smart LED Light Bulbs Market, By Type
6. Global Smart LED Light Bulbs Market, By Application
7. Global Smart LED Light Bulbs Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Smart LED Light Bulbs Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
