Best Smart Lighting Companies in 2025
02 Jul, 2025

The smart lighting market size was recorded at USD 20 billion in 2024 and is likely to grow substantially and reach USD 104.37 billion by the end of 2033, with a compound annual growth rate of 20.15% from 2025 through 2033. Due to developments in energy-efficient technologies, artificial intelligence, and the Internet of Things, the market for smart lighting has grown significantly. Energy-efficient lighting solutions that are customized to the needs of the consumer are becoming more and more popular in the public infrastructure, commercial, and residential sectors. Voice control, automation, and connection with smart home ecosystems are examples of technological advancements that have improved consumer ease and control.

Through laws and incentives that encourage sustainability and energy efficiency, governments all over the world have backed this trend. The increasing integration of renewable energy sources with lighting systems and the increased focus on smart city projects are driving the market's growth. Because of this, the smart lighting industry keeps developing and provides cutting-edge solutions to meet the demands of contemporary lighting. Similarly, the Europe smart lighting market valued at USD 4.17 billion in the year of 2025, is expected to have a tremendous growth rate and reach USD 15.23 billion by 2033. The compound annual growth rate between 2025 and 2033 for the market will be a spectacular 17.58%. 

Discover key trends, growth opportunities, and major challenges shaping the Smart Lighting Industry in Renub Research’s latest in-depth market report. Download your free sample now

List of Leading Companies in the Smart Lighting Market

1.Acuity Brands Lighting, Inc.

Establishment: 1892

Headquarters: United States of America

Website: www.acuitybrands.com

Revenue: $3.8B in 2023

Building management and lighting solutions are offered by Acuity Inc., formerly known as Acuity Brands Inc. (Acuity Brands). Prismmatic skylights, power supplies, lighting controls, luminaires, and building management systems are just a few of the many things it creates, produces, and sells. The brands Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, and Juno are used by Acuity Brands to sell its goods. The firm offers solutions for new construction, renovation, and maintenance applications, and its products are used by clients in the commercial, institutional, industrial, infrastructural, and residential sectors. Through a network of independent sales agencies, internal sales reps, and consumer retail channels, Acuity Brands sells its goods. The business is present throughout Asia, Europe, and North America. The US city of Atlanta, Georgia, is home to Acuity Brands' headquarters.

2.Signify Holding

Establishment: 1891

Headquarters: Netherlands

Website: www.signify.com

Revenue: $6.6B in 2023

Lighting goods are manufactured and marketed by Signify NV (Signify). High-intensity discharge (HID) lights, compact fluorescent, halogen, incandescent, LED drivers, specialized lighting, conventional lamps, electronic components, electronic ballasts, and other lighting items are all part of the company's product line. Market goods under the brands Philips, EcoLink, Color Kinetics, Philips Dynalite, Interact, and Philips Hue. Its area of expertise is offering lighting solutions for consumers, businesses, and the Internet of Things (IoT). The business has operations across Asia Pacific, the Americas, Europe, the Middle East, and Africa. The Netherlands' Eindhoven is home to Signify's headquarters.

3.Honeywell International Inc.

Establishment: 1906

Headquarters: United States of America

Website: www.honeywell.com

Revenue: $38.5B in 2023

Serving a variety of sectors worldwide, Honeywell International Inc. (Honeywell) is an integrated operating business. Through its several business divisions, the company focuses on offering solutions that improve comfort, safety, and productivity. Aerospace technology, building automation systems, industrial automation solutions, and energy and sustainability solutions are some of Honeywell's main offerings. Customers in sectors including aviation, refining, life sciences, utilities, and building management are served by the company's goods and services. To reach its clients, Honeywell uses a network of distribution networks and channel partners. The business targets markets in different parts of the world. The US city of Charlotte, North Carolina, is home to Honeywell's headquarters.

4.Itron Inc.

Establishment: 1977

Headquarters: United States of America

Website: na.itron.com

Revenue: $2.4B in 2023

The technology and services company Itron Inc. (Itron) provides solutions for monitoring, controlling, and evaluating the use of gas, water, and energy. Metering systems, conventional meters, and next-generation smart metering goods and services are among the company's offerings. In addition, Itron offers managed services, software-as-a-service, technical support, hardware technology licensing, meter data management and analytics software, and consulting services for both residential and commercial industrial industries. Through a network of indirect sales channels, including distributors, sales agents, and partners, it distributes its goods and services both directly and indirectly. It provides services to utilities in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific, including gas, water, and electricity. The US city of Liberty Lake, Washington, is home to Itron's headquarters.

5.Wipro Lighting.

Establishment: 1992

Headquarters: India

Website: https://www.wiprolighting.com

Wipro Lighting has a history of providing cutting-edge LED solutions and is renowned for its dedication to developing goods and services that enhance well-being and nurture vibrant, sustainable ecosystems. With more than 30 years of experience, Wipro Lighting has continuously lighted a variety of locations, such as contemporary offices, commercial buildings, retail establishments, medical and pharmaceutical facilities, roadways, highways, and landscapes.

The company's goal was to enable innovative lighting designs by pushing the limits of technological capability. Wipro Lighting stood out for its capacity to continuously broaden its product line and customize solutions to meet the demands of particular clients. It was notable for pushing lighting innovation ahead and overcoming traditional constraints, from ground-breaking ideas to sophisticated luminaires.

6.Verizon

Establishment: 1983

Headquarters: United States of America

Website: www.verizon.com

Revenue: $134.8B in 2023

Verizon Communications Inc. (Verizon) offers technology, information, entertainment, and communications products and services to individuals, companies, and government organizations. Corporate networking solutions, data center and cloud services, security and managed network services, data, voice, local dial tone and broadband services, and local and long-distance voice services are among the wireless and wireline communications services and products that the firm provides. In order to supply IoT services and goods, it also provides network access. Verizon provides services to wholesale clients, public sector organizations, small and medium-sized businesses, and multinational corporations. It operates in the Americas, Europe, Asia-Pacific, the Middle East, and Africa. The US city of New York is home to Verizon's headquarters.

7.Schneider Electric

Establishment: 1836

Headquarters: France

Website: www.se.com/fr/fr

Revenue: $41.3B in 2023

Energy management and automation are the services of Schneider Electric SE (Schneider Electric), originally known as Schneider Electric SA. The business creates solutions and related technology for the distribution of power. Its main products include critical power, cooling, and racking; medium voltage distribution and grid automation; solar and energy storage; automation and control products; and low voltage goods and systems. In addition, the firm provides field and automation, cloud, energy and sustainability, consulting, and training services. Banking and finance, food and beverage, healthcare, life sciences, maritime, metals, minerals, and cement, mining, oil and gas, retail, and automotive and mobility are just a few of the industries that the organization supports. Africa, Europe, Asia-Pacific, the Middle East, South America, and North America are all regions where the firm is present. The headquarters of Schneider Electric are located in Rueil-Malmaison, France.

8.Zumtobel Group

Establishment: 1950

Headquarters: Austria

Website: z.lighting

Revenue: $1.2B in 2024

Lighting items are manufactured and sold by Zumtobel Group AG (Zumtobel), a consumer appliance company. It provides a wide range of goods and services, including light management systems and components, for all professional indoor and outdoor lighting applications. The business offers lighting management, commissioning, maintenance plans, and training. Under the Thorn, Tridonic, Zumtobel Group Services, Zumtobel, and Reiss brands, it sells goods and services. The firm offers comprehensive lighting solution project management, light contracting, design services, and consultancy on smart lighting controls and emergency lighting systems. It operates in the US, Asia-Pacific, Southern and Eastern Europe, and Northern and Western Europe. The headquarters of Zumtobel are located in Dornbirn, Vorarlberg, Austria.