Mexico Smart Lighting Market Overview, 2028

Mexico Smart Lighting Market Overview, 2028
The history of smart lighting in Mexico dates back to the early 2000s when energy efficiency became a priority for the Mexican government. The government implemented regulations and programs to promote energy-efficient lighting solutions, including the adoption of compact fluorescent lamps (CFLs) and light-emitting diodes (LEDs). In 2010, the Mexican government launched the National Program for Efficient Use of Energy, which included measures to promote the use of energy-efficient lighting solutions. The program included subsidies for the purchase of energy-efficient lighting products and a requirement for public institutions to use energy-efficient lighting solutions. The adoption of smart lighting solutions in Mexico began to accelerate in the mid-2010s, driven by the growing awareness of the benefits of connected lighting and the increasing availability of IoT technology. The smart lighting market in Mexico has been primarily driven by commercial and industrial applications, including offices, hospitals, hotels, and retail spaces. The city of Guadalajara, has implemented a smart lighting system that uses sensors and other IoT technology to adjust lighting levels based on factors such as pedestrian and vehicular traffic, weather conditions, and time of day. This system is expected to reduce energy consumption and maintenance costs while improving safety and comfort for residents.

According to the research report ""Mexico Smart Lighting Market Overview, 2028,"" published by Bonafide Research, the Mexico Smart Lighting Market is anticipated to reach size of more than USD 880 Million by 2028. Smart lighting systems in Mexico often incorporate sensors, such as occupancy sensors or daylight sensors, to adjust the lighting levels based on the presence of people or the amount of natural light available. This helps to optimize energy use and can improve the overall functionality of the lighting system. Another technology used in smart lighting systems in Mexico is voice control. This allows users to control the lighting system using voice commands, either through a smart speaker or a voice-activated assistant such as Amazon Alexa or Google Assistant. Connected lighting is a trend that is gaining momentum in Mexico. This involves using lighting fixtures that are connected to the internet and other devices, allowing them to be controlled remotely and providing access to data and analytics. Furthermore, there is a trend towards the integration of smart lighting with other smart technologies, such as home automation systems and voice-activated assistants. This allows users to control their lighting using voice commands or a mobile app, and can also enable the creation of more personalized and customizable lighting environments. Mexico is rapidly urbanising, with more people relocating to cities, creating a demand for smart lighting solutions in urban areas. This is increasing demand for smart lighting solutions that can improve safety, lower energy consumption, and improve quality of life in highly populated regions. Mexico is dedicated to decreasing its carbon footprint and fostering environmental sustainability. Smart lighting solutions can assist in meeting these objectives by lowering energy use and offering better control over lighting levels. In Mexico, the emphasis on sustainability is driving the development of smart lighting technology.

Based on offerings, the market is segmented into hardware, software and services. The hardware offering is dominating the market of Mexico smart lighting with highest market share as well. One reason why hardware offerings are dominant in the smart lighting market in Mexico is that they require significant infrastructure to be put in place. This can include the installation of lighting fixtures, sensors, control systems, and other hardware components, which can be a significant investment for businesses and consumers. Customer preference is also driving the dominance of hardware offerings in the smart lighting market in Mexico. Many consumers and businesses prefer physical products that they can see and touch, and that they believe will provide more tangible benefits than software-only solutions. Hardware offerings are also more scalable than software-only solutions. This means that they can be more easily adapted to different environments and can be expanded or upgraded as needed, making them a more attractive option for businesses and consumers who are looking to invest in a long-term solution.

In 2018, the Mexican government launched a Smart Cities program aimed at promoting sustainable urban development and the use of smart technologies, including smart lighting systems. The program provides funding and support to cities and municipalities across the country to implement smart solutions in areas such as energy, transportation, and public safety. Furthermore, he Mexican government has included smart lighting systems in several public infrastructure projects, including the construction of new highways, airports, and public buildings. These projects are designed to showcase the benefits of smart lighting technology and encourage its adoption in other sectors. In addition, The Mexican government has also developed a Sustainable Energy Strategy that aims to promote the use of renewable energy sources and increase energy efficiency across the country. Smart lighting systems are seen as a key component of this strategy, as they can help to reduce energy consumption and associated costs.

There is a growing environmental awareness in Mexico, which is driving the adoption of energy-efficient and sustainable technologies, including smart lighting. Many businesses and consumers are looking for lighting solutions that can help them reduce their energy consumption and environmental impact. Design and aesthetics are also important cultural factors in Mexico, where there is a strong tradition of artistic expression and attention to detail. Smart lighting systems that offer customizable lighting levels and color temperatures can help businesses and individuals create unique and attractive lighting environments that reflect their personal style and taste. Connectivity and convenience are becoming increasingly important cultural factors in Mexico, as more and more people rely on mobile devices and other connected technologies in their daily lives. Smart lighting systems that can be controlled remotely using a mobile app or voice commands are seen as an attractive option for businesses and individuals who value convenience and connectivity.

The Mexican government has launched a number of smart city initiatives that include the deployment of smart lighting systems in cities and towns across the country. These initiatives aim to improve the quality of life for citizens, promote sustainable development, and boost economic growth. The Mexican government has set ambitious energy efficiency goals, including a target of reducing electricity consumption by 25% by 2030. Smart lighting systems play a key role in achieving these goals by reducing energy consumption and improving the efficiency of lighting systems. Mexico is investing heavily in the modernization of its infrastructure, including its lighting systems. The government has launched programs to upgrade the country's street lighting, which will include the deployment of smart lighting systems that can be remotely controlled and monitored. In addition, he Mexican government is partnering with private companies to develop and deploy smart lighting solutions. These partnerships help to drive innovation and bring new technology to market more quickly.

There are several Public Private Partnerships done by government of Mexico with private entities, some of them includes, In 2014, the government of Mexico City launched a public-private partnership with the goal of upgrading the city's street lighting infrastructure. The project includes the installation of over 110,000 LED lights, which will be remotely controlled and monitored using a smart lighting system. The partnership is between the government of Mexico City, the Inter-American Development Bank, and a consortium of private companies. Furthermore, in 2017, Philips Lighting and the Mexican Fund for the Development of Competitiveness (FUMEC) announced a partnership to deploy smart lighting solutions in several cities across Mexico. The project includes the installation of LED streetlights and a smart lighting system that will improve energy efficiency and reduce maintenance costs. In 2020, Siemens announced a partnership with the Municipality of Guadalajara to deploy smart lighting solutions in the city's historic district. The project includes the installation of LED streetlights and a smart lighting system that can be remotely controlled and monitored.

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

Aspects covered in this report
• Mexico 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.