COVID-19 Impact on Smart Lighting Market 2020-2025: Signify, Legrand S.A, General Electric Company, OSRAM Licht, Zumtobel Group, Hubbell Incorporated, Dialight PLC, Schneider Electric and Others.

According to Market Study Report, Smart Lighting Market provides a comprehensive analysis of the Smart Lighting Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Lighting Market. An exclusive data offered in this report is collected by research and industry experts team.

Get Free Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=3164148

Post COVID-19, the global smart lighting market size is estimated to grow from USD 9.4 billion in 2020 and projected to reach USD 24.2 billion by 2025, at a CAGR of 20.9%. The projection for 2025 is estimated to be down by 21% as compared to pre-COVID-19 estimation. This report spread across 96 pages, profiling 10 companies and supported with 12 tables and 45 figures are now available in this research.

Top Companies Profiled in the Smart Lighting Market:
o Signify (Philips Lighting) (Netherlands)
o Legrand S.A. (France)
o Acuity Brands Inc. (US)
o General Electric Company (US)
o OSRAM Licht (Germany)
o Zumtobel Group (Austria)
o Hubbell Incorporated (US)
o Dialight PLC (UK)
o Ideal Industries Inc. (Cree)
o Schneider Electric (France)

"Smart lighting market for services to grow at the highest CAGR between 2020 and 2025."
The services segment is expected to be adversely impacted as it goes hand-in-hand with that of hardware. However, the impact would be relatively less owing to the nature of the offering, which can be controlled remotely (online) to a great extent. The market for services is expected to increase by 2021 due to the rising construction of hospitals and clean rooms, which will further drive the demand for support and maintenance services.

Access full report (Discount 20% or More) @ https://www.reportsnreports.com/purchase.aspx?name=3164148

"Indoor lighting to hold a larger share of the smart lighting market during the forecast period."
The indoor lighting application segment holds a larger share in the smart lighting industry. The impact of COVID-19 on residential lighting sales is expected to be on a lower side as compared with other/outdoor applications. As most of the activities in commercial buildings are now shifting indoors, the demand for smart lighting in the residential segment has scope to increase.

"Smart lighting industry in APAC expected to grow at the highest CAGR during the forecast period "
The smart lighting market in APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rapid infrastructure building activities, mainly in China and India, where smart lighting paves the way for the modernization of infrastructure. Moreover, China has started to recover from the pandemic faster than any other country.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 55 %, Tier 2 - 20%, and Tier 3 - 25%
o By Designation: C-level Executives - 40%, Directors - 35%, Others - 25%
o By Geography: North America - 10%, Europe - 20%, APAC - 40%, and RoW - 30%

Enquire More @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=3164148

Research Coverage:
This report covers the COVID-19 impact on the smart lighting market based on installation type, offering, end-use application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products, and services, and key strategies associated with the smart lighting market.

Corporate Headquarters
Tower B5, office 101
Magarpatta SEZ,
Hadapsar, Pune-411013, India

About Us:-
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

This release was published on openPR.