Press release
Global Smart Bulb Market Expected to Witness a Sustainable Growth over 2025
This report focuses on the key global Smart Bulb players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Bulb with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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A smart bulb is an internet-capable LED light bulb that allows lighting to be customized, scheduled and controlled remotely. Smart bulbs are among the most immediately successful offerings in the growing category of home automation and Internet of Things (IoT) products.
Nowadays, global Smart Bulb sales areas are mainly in United States, Europe, China, Japan, South Korea, Rest of World. In 2018, United States Smart Bulb sales takes about 36.3% with 8575 K Units and it is the largest sales region. Europe was a major market for Smart Bulb in 2018 and is estimated to expand due to the rising number of industries. China also leads the global Smart Bulbs market in terms of demand, which has a dramatic growth at a GAGR of 13.18% from 2019 to 2025.Global major manufacturers are Philips Lighting, General Electric Company, LIFX (Buddy) and other small companies in US and China. Philips Lighting is a global leader company in this field. The market is anticipated to witness a shift from developed countries to the developing economies of Asia due to the fewer stringent environmental regulations in the latter.Smart bulbs are most used in Home and office, which make up nearly 70% market share in this period. The increasing use of digital light technologies, along with industry 4.0 and Internet of Things（IOT）trends, are gaining more and more momentum. The smart bulb market is forecast to grow at faster rate than the general economy. High quality and cost efficiency are crucial competitive factors, and technology-driven professional market on the other, which are characterized by innovation, customer-specific solutions, and sustainable growth.
The global Smart Bulb market is valued at 361 million US$ in 2018 and will reach 716.1 million US$ by the end of 2025, growing at a CAGR of 10.4% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Smart Bulb market based on company, product type, end user and key regions.
Market Segment by Manufacturers, this report covers
Philips Lighting
General Electric Company
LIFX (Buddy)
OSRAM
Sengled
Cree
iLumi solutions
Feit Electric
Yeelight
TCP
Huawei
Revogi
Market Segment by Type, covers
ZigBee
Wi-Fi
Bluetooth
Others
Market Segment by Applications, can be divided into
Home
Office
Shopping
Hospitality
Others
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Related Information:
North America Smart Bulb Market Growth 2019-2024
United States Smart Bulb Market Growth 2019-2024
Asia-Pacific Smart Bulb Market Growth 2019-2024
Europe Smart Bulb Market Growth 2019-2024
EMEA Smart Bulb Market Growth 2019-2024
Global Smart Bulb Market Growth 2019-2024
China Smart Bulb Market Growth 2019-2024
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