Press release
Smart Lighting Market Size, Share, Analysis, Global Industry Trends and Forecast 2023-2032
Smart Lighting Market
As per the Smart Lighting market report by The Business Research Company, Government support in developed and developing economies drive the growth of the smart lighting market. The growth of the smart lighting market in emerging markets is reinforced by the increase in disposable incomes, regulatory support in using energy-efficient lights, and the incorporation of advanced technologies. A smart lighting system confirms high-cost savings and lower energy consumption.
The global smart lighting market will grow from $13.15 billion in 2022 to $15.55 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. 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 lighting market is expected to grow to $31.77 billion in 2027 at a CAGR of 19.6%.
Read More On The Smart Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-lighting-global-market-report
Major competitors in the Smart Lighting market include Koninklijke Philips NV, Cree Inc., General Electric Company, Acuity Brands Inc., Cisco Systems Inc., Eaton, Deco Lighting, Dialight, Honeywell Inc., and Osram Licht AG.
The Smart Lighting market is segmented -
• By Product: Smart Bulbs, Fixtures, Lighting Controls
• By Application: Commercial, Government, Residential, Other Applications
• By Light Source: LED, HID, Other Light Sources
• By Communication Technology: Wired, Wireless
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Smart lighting is defined as lighting technology for smart homes connected to the internet. The use of sensors for instances like automatic light dimming or adjusting the brightness of light depending on the mood of the user are some of the features of smart lighting. A smart lighting system ensures high-cost savings and lower energy usage.
The Table Of Content For The Smart Lighting Market Include:
1. Executive Summary
2. Smart Lighting Market Characteristics
3. Smart Lighting Market Trends And Strategies
4. Smart Lighting Market - Macro Economic Scenario
5. Smart Lighting Market Size And Growth
......
26. Africa Smart Lighting Market
27. Smart Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Lighting Market
29. Smart Lighting Market Future Outlook and Potential Analysis
30. Appendix
The "Global Smart Lighting 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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