Press release
Global Smart LED Bulbs Market To Witness Incremental Growth In The Forecast Period | Legrand S.A., Acuity Brands Inc., Eaton Corporation, General Electric Company, OSRAM Licht
Smart LED Bulbs Market
The regions covered in the smart LED bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest smart LED bulbs market share.
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The smart LED bulbs market consists of sales of smart LED bulbs and related services that are used in indoor and outdoor lighting. The smart LED bulb establishments are primarily engaged in the manufacturing smart LED bulbs and required accessories. Smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed and regulated.
Key competitors in the smart LED bulbs market include Legrand S.A., Acuity Brands Inc., Eaton Corporation, General Electric Company, OSRAM Licht, Honeywell International Inc., Hubbell Incorporated, Koninklijke Philips N.V., Cree Inc., and Lutron Electronics.
The global smart LED bulbs market size is expected grow from $8.89 billion in 2021 to $11.08 billion in 2022 at a compound annual growth rate (CAGR) of 24.6%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart LED bulb market is expected to reach $25.06 billion in 2026 at a CAGR of 22.6%.
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TBRC's report segments the global smart LED bulbs market:
1) By Technology: Wired Technology, Wireless Technology
2) By Application: Indoor Lighting, Outdoor Lighting
3) By Installation Type: New Installation, Retrofit
Read Further On The Smart LED Bulbs Market Here:
https://www.thebusinessresearchcompany.com/report/smart-led-bulbs-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Smart LED Bulbs Market Characteristics
3. Smart LED Bulbs Market Trends And Strategies
4. Impact Of COVID-19 On Smart LED Bulbs
5. Smart LED Bulbs Market Size And Growth
.....
27. Smart LED Bulbs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart LED Bulbs Market
29. Smart LED Bulbs Market Future Outlook and Potential Analysis
30. Appendix
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