Press release
Bluetooth LED Bulb Market 2021 Technology Development, Key Manufacturers, Forecast Based on Major Drivers and Trends Up to 2025
Market Insights Reports released a new study on 2021-2025 Bluetooth LED Bulb Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.The Global Bluetooth LED Bulb Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the Bluetooth LED Bulb market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The Bluetooth led bulb market is expected to witness a CAGR of 9.44% over the forecast period of (2020 - 2025).
Covid-19 Impact and Recovery Analysis:
The global Bluetooth LED Bulb market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
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Top Key Players in the Global Bluetooth LED Bulb Market: Acuity Brands Lighting Inc., Delta Light N.V., Eaton Corporation PLC., Evluma, General Electric Company, Ilumi Solutions Inc., LedvAcuity Brands Lighting Inc.ance GmbH, Luceco PLC., OPPLE Lighting Co., Osram GmbH, among others.
Market Overview:
- Rising awareness regarding technologies such as wireless optical networking data transmission, light fidelity, and the Internet of Things (IoT) is expected to positively impact the market. Over the past few years, the growing demand for energy-efficient lighting systems has been promoting the adoption of advanced products including Bluetooth LED bulbs.
- Increasing the adoption of smart lighting solutions for hospitality, home, and the office is majorly driving the demand for Bluetooth LED bulbs. With the rising number of smartphone and tablet users, demand for smart LED bulbs controlled by Bluetooth connectivity is also driving.
- Other factors that are propelling the growth of the global Bluetooth LED bulb market include declining prices of LED bulbs and supportive government initiatives.
- Governments are adopting smart lighting projects to save energy and money. As per a report by the US Energy Information Administration, around 39% of total energy cost is incurred through lighting. It has been observed that smart LED lighting has the ability to reduce energy costs in office buildings and industrial installations by 90%.
- One of the major factors restraining the growth of the Bluetooth LED bulb market is increasing competition from IoT and wi-fi enabled LED bulbs.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Asia-Pacific to be the Fastest Growing Market
- Asia-Pacific is currently experiencing a tremendous shift in lighting systems, where companies in this region have been identified to adopt LED lights in industries and manufacturing plants, as compared to its counterparts like incandescent and LFL owing to the improved efficiency of LED lighting systems.
- China has been gradually reducing the sale of incandescent light bulb products over the last five years, ensuring that outdated technology is replaced by something more advanced and profitable.
- In India, the government supported the plan of deploying cost-effective LEDs across the end-users has received a warm response. According to the government, LED adoption was driving an annual energy savings of over 3,340 crore kWh and resulting in avoidance of over 6,725 MW of peak demand. Also, the growing smart home market in India is expected to increase the demand for Bluetooth LED bulbs.
Significant Features and Key Highlights of the Reports:
– Detailed overview of Bluetooth LED Bulb Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Bluetooth LED Bulb Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Bluetooth LED Bulb market?
- What are the key concerns of the five forces analysis of the Global Bluetooth LED Bulb market?
- What are different prospects and threats faced by the dealers in the Global Bluetooth LED Bulb market?
- What are the strengths and weaknesses of the key vendors?
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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