IoT based Smart Lighting: Shining the Smart Cities Brighter- The Road to Sustainability! Market Scope and Demand Analysis by 2027

We all know, LEDs need less energy, that’s a fact. With LEDs, lighting bills go down by 50%-70%, and as the quality of LED lighting continue to improve, costs will lower and lower. Today, smart lighting has been recognized as one of the most actionable and ready-to-implement solution for cities to transition to a low-carbon economy and peak emissions in the current next decade.

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Remote on-off control, dimming, and smart scheduling functions are quick wins of connected street lighting, with great impact on energy savings and maintenance. More advanced features, such as color controls, adaptive lighting, and emergency response making these lighting smart.

Also, smart lighting with 4G and 5G can provide a platform for WIFI, HD Video streaming, gunshot detection, air quality monitoring, traffic and smart parking.

How to deploy smart lighting?

• Broadband connectivity
• Traffic light controls
• Traffic management
• Smartparking
• Electric vehicle charging stations
• Air quality and noise monitoring
• Public safety
• Pedestrian footfall sensing

Allied Market Research published a new report, titled, "Smart Lighting Market by Offering (Hardware and Software), Connectivity Technology (Bluetooth, Zigbee, Wi-Fi, and DALI), Lighting Technology (LED, Halogen, Incandescent, Fluorescent, and CFL), and Industry Vertical (Commercial, Residential, Industrial, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027."

The latest study on the Global Smart Lighting Market covers a wide range of organizations from different regions. It offers a comprehensive information based on market developments, competitions, and challenges faced by the industry. With this, the report also involves the key strategies followed among the market players, major market determinants, and recent trends that helps the industry to expand. The report provides an intense data from 2014 to 2021 and forecasted data till 2027 along with product outline and other growth factors.

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Smart Lighting Market Competitive Analysis:

Leading market players in global Smart Lighting Market include Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V., and Syska.

These players have implemented various strategies such as expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

• This study contains analytical representation of the Smart Lighting Market trends with present trends and forthcoming estimations to portray the imminent investment pockets.
• The report provides overall potential to understand the lucrative trends to gain a stronger base in the Smart Lighting Market.
• The Smart Lighting Market analysis report offers statistics based on key determinants along with a thorough impact analysis.
• The present market forecast is quantitatively examined from 2021 to 2027 to target the financial capability.
• Porter’s five forces analysis demonstrates the strength of the consumers and suppliers in the industry.

Smart Lighting Market Segmentation:

The report provides an in-depth segmentation of the global Smart Lighting Market. The major segments in the report are examined on the basis of product, type, end user, and regions. The report also involves the tables based on wide-ranging analysis of sales, revenue, growth rate, and revenue share of each for the historic period and the forecast period.

Smart Lighting Market Regional Analysis:

The market is studied across different regions including North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The report includes competitive landscape in the regions. These insights assist to develop strategies and construct new opportunities to accomplish excellent results.

KEY QUESTIONS ANSWERED IN THE REPORT:

Q1. At what CAGR will the Smart Lighting Market is expected to expand in between 2021 - 2027?
Q2. What will be the revenue of Global industry by the end of 2027?
Q3. How can I get sample report for Smart Lighting Market?
Q4. Which factors drive the growth of the global industry?
Q5. Who are the leading players in Smart Lighting Market?
Q6. How can I get company profiles of top ten players of Global Market?
Q7. What are the segments of Smart Lighting Market?
Q8. What are the major growth strategies of Smart Lighting Market Players?
Q9. By product, which segment is projected to manifest the highest CAGR during 2021 - 2027?
Q10. By Region, which segment dominated in 2020 and would maintain the lead over the forecast period?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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