Smart Lighting Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), Eaton

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According to The Business Research Company's Smart Lighting market report, the smart lighting market reached a value of nearly $11,065.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.1% since 2015. The market is expected to grow from $11,065.3 million in 2020 to $22,569.7 million in 2025 at a rate of 15.3%. The smart lighting market is then expected to grow at a CAGR of 14.3% from 2025 and reach $43,978.9 million in 2030.

Rapid growth in investments for energy efficient solutions in the infrastructure industry is expected to drive the smart lighting market in the forecast period. A large number of companies are investing in energy efficient infrastructural methods especially in the USA and European countries. For instance, in 2020, the European Investment Bank (EIB) approved €4.9 billion in investments for clean energy, sustainable transport, high-speed communications and social housing, as well as health and education infrastructure across the world with a focus on projects such as energy in Serbia, Spain and Romania.

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The Smart Lighting market is segmented -
• By Product : Smart Bulbs, Fixtures, Lighting Controls
• By Light Source : LED, HID
• By Communication Technology : Wired, Wireless
• By Application : Commercial, Governmental, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Lighting market.

Major competitors in the Smart Lighting market include Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), Eaton

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The smart lighting market consists of sales of smart lighting and related services by entities (organizations, sole traders and partnerships) that manufacture smart lighting products used in homes, hospitals, hotels and other types of buildings. Smart lighting is a lighting that can be controlled through an app that is installed in smartphones, tablets or through voice assistant devices such as Amazon Alexa, Google Assistant, Apple Siri and similar other devices.

The Table Of Content For The Smart Lighting Market Include:
1. Smart Lighting Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
22. Key Mergers And Acquisitions In The Smart Lighting Market
23. Smart Lighting Market Opportunities And Strategies
24. Smart Lighting Market, Conclusions And Recommendations
25. Appendix

The Business Research Company's "Global Smart Lighting Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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