Press release
Smart LED Bulbs Market Growth Prospects, Competitive Analysis, Trend, Regulatory Landscape & Forecasts 2032
As per the Smart LED Bulbs market report by The Business Research Company, the development of smart cities is a key factor driving the growth of the smart LED bulb market. The lighting of smart cities will play a major role in future growth and the future of street lighting systems in smart cities will be LED lighting networks. With the rise of smart cities, the lighting controls industry will be driven as countries will witness a revolution in the areas of light management.
The global smart led bulbs market will grow from $11.08 billion in 2022 to $13.81 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart led bulbs market is expected to grow to $29.42 billion in 2027 at a CAGR of 20.8%.
Read More On The Smart LED Bulbs Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-led-bulbs-global-market-report
Major 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 Smart LED Bulbs market is segmented -
• By Technology: Wired Technology, Wireless Technology
• By Application: Indoor Lighting, Outdoor Lighting
• By Installation Type: New Installation, Retrofit
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Smart LED Bulbs market.
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A smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed, and regulated. Smart LED bulbs are used in indoor and outdoor lighting.
The technologies used in smart LED bulbs are wired technology and wireless technology. Wired technology smart LED bulbs are connected through wires. It is applied in both indoor lighting, and outdoor lighting and installed as a new installation and retrofit.
The Table Of Content For The Smart LED Bulbs Market Include:
1. Executive Summary
2. Smart LED Bulbs Market Characteristics
3. Smart LED Bulbs Market Trends And Strategies
4. Smart LED Bulbs Market - Macro Economic Scenario
5. Smart LED Bulbs Market Size And Growth
......
26. Africa Smart LED Bulbs Market
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
The "Global Smart LED Bulbs Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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