Argentina Smart Lighting Market Overview, 2028

Argentina Smart Lighting Market Overview, 2028
The Smart Lighting market of Argentina is anticipated to grow significantly in upcoming years due to rapid urbanization, low power consumption of smart lighting systems. Furthermore, there is continuous growth in residential and commercial sector in Argentina is driving the market of smart lighting in Argentina. Furthermore, Argentina is investing heavily in smart city initiatives, and smart lighting is a key component of these projects. Smart lighting systems can be integrated with other smart city technologies, such as traffic management and public safety systems, to create a comprehensive smart city ecosystem. Furthermore, The Argentine government and consumers are increasingly focused on sustainability, which has led to a strong emphasis on energy-efficient and eco-friendly lighting solutions. Smart lighting systems are a perfect fit for this trend, as they offer high levels of energy efficiency and can be easily integrated into other smart city initiatives. The commercial sector, which includes office buildings, retail stores, and public spaces such as museums and sports arenas, is a key market for smart lighting in Argentina. Smart lighting systems offer benefits such as energy efficiency, improved lighting quality, and greater control and customization options, which are particularly attractive to commercial customers who are looking to save money on energy costs and create a more comfortable and inviting environment for their customers.

According to the research report ""Argentina Smart Lighting Market Overview, 2028,"" published by Bonafide Research, the Argentina Smart Lighting Market was valued more than USD 120 Million in 2022. The Buenos Aires government needed a new public lighting system to dramatically reduce energy usage while simultaneously maintaining inhabitants' well-being and safety in order to meet its sustainability goals. Buenos Aires now has a smart, long-term public lighting solution that combines energy-efficient LED luminaires with sophisticated Interact City lighting management software. Cloud computing is becoming increasingly important in smart lighting systems in Argentina. Cloud-based systems can provide remote access to lighting controls and data analytics, and can also facilitate the integration of lighting systems with other smart city initiatives. Furthermore, Wireless communication is an important technology used in smart lighting systems in Argentina. These systems use wireless protocols such as Zigbee, Wi-Fi, and Bluetooth to connect lighting fixtures and sensors to a central control system. There are some major cities in Argentina where smart lighting is used some of them includes, Buenos Aires, Rosario, Cordoba, Mar del Plata and Mendoza.

There are several government projects in Argentina for smart lighting development. ""Efficient Public Lighting"" program launched by the ministry of Energy and mining. This program aims to replace conventional street lighting systems with energy-efficient LED technology in several cities across the country. The programs include the installation of intelligent lighting controls that allow for remote monitoring and management of the lighting systems. Another government project related to smart lighting in Argentina is the ""Smart Public Lighting"" initiative launched by the Ministry of Modernization. This program aims to modernize public lighting systems in several cities by implementing LED technology, sensors, and other intelligent control systems to improve energy efficiency and reduce maintenance costs. In addition, several municipalities and cities across Argentina have implemented their own smart lighting projects to improve public safety, reduce energy consumption, and provide better lighting for residents and visitors. The implementation of smart lighting systems in Buenos Aires, Rosario, Cordoba, Mendoza, and Mar del Plata. Argentina's government has implemented a number of laws and programmes to encourage the use of smart lighting technologies and increase the country's energy efficiency. By 2030, the National Energy Efficiency Plan seeks to cut energy use by 9%. This plan includes initiatives to encourage the use of energy-efficient technologies such as smart lighting systems. The National Renewable Energy Programme intends to raise renewable energy's contribution to the country's energy mix to 20% by 2025. This programme includes initiatives to encourage the use of energy-efficient technologies, such as smart lighting systems.

Based on offerings, the market is segmented into hardware, software and services. The hardware offering is leading the market significantly with highest market share. Hardware offerings for smart lighting are more affordable than other software offerings. This could make them more accessible to a wider range of consumers; Hardware offerings for smart lighting may be more versatile and adaptable to different environments and lighting needs. This could make them more appealing to consumers who want more control over their lighting systems and are looking for solutions that can be customized to their specific requirements. Hardware offerings for smart lighting often use industry-standard protocols and technologies that allow them to work with a wide range of devices and platforms. This interoperability can make them more appealing to consumers who want to integrate their lighting systems with other smart home devices and services. Hardware offerings for smart lighting may be compatible with a wider range of lighting fixtures and bulbs, allowing consumers to use their existing lighting infrastructure without having to replace everything. This compatibility can make them more appealing to consumers who want to upgrade their lighting systems without incurring additional costs.

According to the research, the market is segmented into application, indoor and outdoor; among them the indoor application is dominating the market with highest market share. Furthermore the indoor application is divided into three categories, commercial, residential and industrial. The residential sector is anticipated to grow with highest CAGR during the forecast period. The adoption of smart home technologies is growing in Argentina, with an increasing number of households looking for ways to improve their energy efficiency and enhance their quality of life. Smart lighting is a key component of smart homes, and as more households adopt these technologies, the demand for indoor smart lighting solutions is likely to increase. Furthermore, Smart lighting systems can help households reduce their energy consumption and lower their electricity bills by automatically adjusting lighting levels and turning off lights when not in use. As consumers become more cost-conscious, the demand for smart lighting systems that can deliver cost savings is likely to increase. The availability of affordable smart lighting solutions is increasing in Argentina, making it easier for households to adopt these technologies. This is likely to further drive demand for indoor smart lighting solutions in the residential sector.

Based on the report, the market is segmented into installation type, new and retrofit, the retrofit installation is expected to grow with highest CAGR during the anticipated time period. Retrofitting an existing lighting system with smart lighting technology is often less expensive than completely replacing the lighting system. This cost savings can make retrofit installations a more attractive option for consumers who want to upgrade their lighting systems but are working with a limited budget. Retrofit installations are often simpler and less disruptive than new installations, as they do not require the removal and replacement of existing lighting fixtures. This can make retrofit installations more appealing to consumers who want to avoid the time and effort involved in a full installation.

Considered in this report
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Argentina Smart Lighting market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offerings
• Hardware
• Software
• Services

By Application
• Indoor
• Outdoor

By Indoor Application
• Commercial
• Residential
• Industrial
• Others

By Outdoor Application
• Highways & Roadways
• Architectural Lighting
• Lighting for Public Places

By Installation Type
• New
• Retrofit

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Smart Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.