Global Smart Lighting Market: Emerging Trends, Major Key Players Signify and Acuity Brands, Inc.

According to the report, The global Smart Lighting market size was valued at $10,489.6 million in 2019 and is anticipated to grow at a CAGR of 22.8% from 2020 to 2027. Various smart city projects are currently underway around the world, providing a significant opportunity for technology businesses, technological service providers, utility providers, and consultancy firms. Smart lighting is becoming connected with the concept of smart cities. The fundamental goal of smart city infrastructure is to make better use of electricity. Smart cities are being viewed as key drivers of a country's long-term economic progress; city growth is mostly linked to growing urbanization. The notion of turning cities into smart cities is gaining traction. Energy efficiency, resource sustainability, and digital technology improvements have all contributed to the rise of the smart city concept. The smart lighting application is projected to play a vital role in achieving energy efficiency and sustainability. Lighting solutions have a lot of potential in smart cities.

Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=006165

The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SMART LIGHTING industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Smart Lighting market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

For Any Query or Customization, Ask Our Industry Experts@ https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=006165

Key Players
Some of the major Smart Lighting players holding highest market share include Signify, Acuity Brands, Inc., Eaton and General Electric. These players use expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Signify
• Acuity Brands, Inc.
• Eaton
• General Electric
• Cisco Systems, Inc.
• Cree, Inc.
• Deco Lighting, Inc.
• Honeywell International Inc.
• Syska
• OSRAM

Segmental Analysis

Market Segment By Offering with focus on market share, consumption trend, and growth rate of SMART LIGHTING Market:
o Hardware
o Software

Market Segment By Communication Technology with focus on market share, consumption trend, and growth rate of SMART LIGHTING Market:
o Bluetooth
o Zigbee
o Wi-Fi
o PLC
o DALI
o Others

Market Segment By Lighting Type with a focus on market share, consumption trend, and growth rate of SMART LIGHTING Market:
o LED, Fluorescent Lamp
o Halogen
o Incandescent Light Bulb
o Others

Market Segment By Application with a focus on market share, consumption trend, and growth rate of SMART LIGHTING Market:
o Residential
o Commercial
o Industrial
o Others

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=006165

Global Smart Lighting Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India

Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

This release was published on openPR.