openPR Logo
Press release

Explore Bluetooth Low Energy Based Smart Lighting Market size, analysis, and forecast report by 2030

01-05-2021 01:14 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Explore Bluetooth Low Energy Based Smart Lighting Market size,

The ongoing transition from traditional lighting infrastructure to connected lighting and the continuous development of advanced technologies such as Internet of Things (IoT) technology in the field of lighting is playing a crucial role in the growth of Bluetooth Low Energy-based smart lighting market. In last few years, lighting solution providers has offered varied and intelligent lighting solutions to deliver advanced and better services to customers. Considering this scenario, government, real-estate players, and builders are innovating new ways of deploying advanced lighting solutions, owing to which, the demand for better lighting infrastructure is projected to increase during the forthcoming years. Moreover, the growing demand for smart lights that can be controlled by smartphones and can be accessible away from the home is creating the lucrative growth opportunities for Bluetooth Low Energy–based smart lighting market.
In last few years, there has been an immense rise in demand of Bluetooth Low Energy-based smart lighting that are compatible with smart home products and can be coordinated through personal assist solutions such as Amazon Alexa and Google Home. Furthermore, the growing trend in the smart lighting concept and increasing number of enterprises adopting smart lighting solutions is playing a crucial role in the growth of Bluetooth Low Energy-based smart lighting market.
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/31566
Impact of COVID-19 on Bluetooth Low Energy-based Smart Lighting Market
The outbreak of COVID-19 is directly impacting the demand and production of lighting companies. Also, with disruptions in supply chain, falling business confidence, and financial impact on firms, the demand for Bluetooth Low Energy-based smart lighting is expected to slow down in first half of 2020. Moreover, due to coronavirus pandemic, the business development efforts by manufacturing industries are hampered to great extent and therefore, due to this factor, the demand for Bluetooth Low Energy-based Smart Lighting is expected to decline in the next 1-2 years. Also, the year 2020 is expected to witness a drop in consumer spending worldwide, which is expected to impact the Bluetooth low energy-based smart lighting market. In a Pre-COVID-19 market scenario, the smart lighting market value was around USD 10 billion in 2019, and the market was projected to witness a growth rate of around 20% during 2019-2025. However, as COVID-19 crisis accelerates, the growth of smart lighting is expected drop to 14% during the 2020-2022. This drop in sales of smart lighting market is also expected to impact the growth of Bluetooth low-energy-based smart lighting market.
Bluetooth Low Energy-based Smart Lighting Market: Market Dynamics
The rapid technological advancements in lighting solutions and continuous development of smart lighting infrastructure is one of the key factors driving the growth of Bluetooth low-energy-based smart lighting market. Moreover, with the rising focusing on developing smart cities by changing the existing legacy infrastructure with the smart infrastructure and government spending on smart city management services such as road monitoring applications, environment, light sensing, and advanced energy saving are also among the key factors fueling the growth of Bluetooth low energy-based smart lighting market.
Apart from this, countries such as India and China are witnessing a drift towards rapid urbanization, and an increase in penetration towards the adoption of smart and intelligent technology solutions, especially in metro cities and retail sectors, therefore, due to these factors, the demand for Bluetooth low energy-based smart lighting is expected to increase in rapidly in coming years. Also, the adoption of smart and intelligent technology solutions has increased the demand for better and advanced lighting infrastructure which further is contributing in the growth of Bluetooth low energy-based smart lighting market.
To receive extensive list of important regions, ask for TOC here@ https://www.persistencemarketresearch.com/toc/31566

Contact us: 305 Broadway, 7th Floor
New York City, NY 10007 United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.comWebsite: https://www.persistencemarketresearch.com

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Explore Bluetooth Low Energy Based Smart Lighting Market size, analysis, and forecast report by 2030 here

News-ID: 2220858 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Bluetooth

Bluetooth Stereo Headset Market
Bluetooth Stereo Headset Market Overview For computer or other audio applications, where the sources offer two-channel output, stereo headsets are the norm; use of a headset instead of headphones allows use for communications (usually monaural) in addition to listening to stereo sources. Virtual surround headsets feature ear cups that cover the entire ear. This report provides a deep insight into the global Bluetooth Stereo Headset market covering all its essential aspects. This
Advancements In Bluetooth Technology In The Stereo Bluetooth Earbuds Market Tren …
Which drivers are expected to have the greatest impact on the over the stereo bluetooth earbuds market's growth? The rise in the work-from-home model is anticipated to fuel the expansion of the stereo bluetooth earbuds market. This model allows individuals to carry out their employment responsibilities remotely, often from their homes, rather than having to travel to a physical workspace. Various reasons, such as cost reductions, health benefits, and pandemic-driven factors,
Key Bluetooth Low Energy Devices Market Trend for 2025-2034: Innovative Bluetoot …
What Is the Future Outlook for the Bluetooth Low Energy Devices Market's Size and Growth Rate? The market size for bluetooth low energy devices has experienced robust growth in the past few years. This market is predicted to expand from $23.8 billion in 2024 to $25.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The previously observed growth can be credited to the rise in Internet of
Bluetooth Modules Market Report 2018: Segmentation by Type (Bluetooth Low Energy …
Global Bluetooth Modules market research report provides company profile for Texas Instruments, Fujitsu, Hosiden, STMicroelectronics, Laird, Taiyo Yuden, Murata, Qualcomm, Intel, Broadcom, Panasonic and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report
COSEC Bluetooth based Access Control
Mobile phones have integrated as an essential element in our day-to-day life. Presently, along with swift communication, it is tremendously used for Payment of Bills, E-commerce Shopping, Health Monitoring, GPS Navigation and more. A similar progressive trend is observed with access control, which initiated with RFID Cards, then expanded with biometrics and now it is being enhanced with advanced mobile credentials like Bluetooth. Matrix offers gesture based identification of users.
Global Bluetooth in Automotive Market
Bluetooth in Automotive Market: Introduction Bluetooth is a technology in which wireless exchange of data from two devices (mobile and fixed) takes place and is used for creating personal area networks (PAN). Bluetooth was invented by Ericsson in 1994. It can connect many devices at the same time, avoiding the synchronization issues. Bluetooth is managed by Bluetooth Special Interest Group (SIG), present in various fields namely telecommunication, computing & networking and