Global Smart Lighting Market, Industry Insights by Product, Source, Communication and Application - Analysis, Growth and Forecast Researcg Report by 2025

The global smart lighting market is estimated to be valued at USD 12.0 billion in 2020 and is expected to reach USD 30.0 billion by 2025, growing at a CAGR of 20.1% during 2020-2025. The key strategy adopted by the companies operating in the smart lighting ecosystem are new product launch and existing portfolio enhancement.

Request for Free Sample Copy of this Research Report @ https://www.vynzresearch.com/semiconductor-electronics/smart-lighting-market/request-sample

On the basis of Communication, the smart lighting market is segmented into the indoor Communication and outdoor Communication. Among these two segments, the indoor Communication held a larger share in 2019 in the global market.

The indoor Communication is further sub-segmented into commercial, residential and others. Among these subcategories, residential Communications are excessively being installed in accordance with an entire house or even for a specific room. Moreover, the market for residential indoor Communications is expected to witness the fastest growth during the forecast period in the market due to the establishment of a wireless technique.

Read Full Research Report @ https://www.vynzresearch.com/semiconductor-electronics/smart-lighting-market

Geographically, Asia-Pacific is expected to witness the fastest growth during the forecast period in the smart lighting market owing to massive growth perspective provided to the manufacturers by this region and these lighting systems are extensively being adopted by the consumers in developing their household and making it digitalized. Increasing activities pertaining to construction in Asia-Pacific is extensively contributing to the growth of the market in the region.

Buy Directly Full Research Report @ https://www.vynzresearch.com/buy_report/TVRFMw==/YzJsdVoyeGxYM1Z6WlhKZmJHbGpaVzV6WlE9PQ==

Some of the key players operating in the global smart lighting market include Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., Honeywell International Inc., and Legrand SA.

Contact Us:

VynZ Research
Call: +91-996-028-8381
Toll-Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com

About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

This release was published on openPR.