Market revenue for the US smart lighting market stood at USD 2,940 Million in 2020, rising to approximately USD 6,900 Million in 2025 due to sustained demand and government push for efficient lighting. With a projected CAGR of 8.4%, the market is anticipated to reach nearly USD 16,090 Million by 2035. The steep uptrend reflects consistent technology upgrades, broader adoption across private and public sectors, and the shift towards integrated building management systems.
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The largest share of the US smart lighting market in 2025 is attributed to the residential sector, thanks to strong penetration of home automation and increased consumer awareness. Commercial spaces—such as offices and retail facilities—represent the second biggest segment, leveraging smart lighting for energy management and enhanced user experience. Industrial and outdoor applications are steadily growing as businesses seek efficient, scalable, remotely managed solutions for large sites and public spaces.
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Who are the key players in US Smart Lighting Market industry?
Key players in the US Smart Lighting Market include Signify (formerly Philips Lighting), Acuity Brands, Cree Lighting, Eaton (Cooper Lighting), and Lutron Electronics. These companies dominate the market by offering innovative smart lighting solutions, strong distribution networks, and investing in R&D for intelligent, energy-efficient lighting technology.
What is the US Smart Lighting Market growth?
The US Smart Lighting Market is experiencing strong growth, driven by increased adoption of IoT-connected devices. For example, Acuity Brands reported a significant revenue rise in smart lighting products due to surging demand in smart buildings and city infrastructure during 2023, reflecting accelerating digital transformation trends.
Which segment accounted for the largest US Smart Lighting Market share?
The commercial segment holds the largest share in the US Smart Lighting Market. This is due to the rapid deployment of smart lighting solutions in offices, retail spaces, and industrial facilities for energy savings and automation. Signify and Lutron have particularly expanded offerings geared toward commercial applications.
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