Press release
Smart Lighting Market Size, Gross Margin Analysis, Opportunities And Trends By Forecast 2033
Smart Lighting Market
Smart Lighting Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $38.55 billion In 2028 At A CAGR Of 20.4% :
The smart lighting market size has grown rapidly in recent years. It will grow from $15.55 billion in 2023 to $18.37 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to increase in voice assistant devices, strong economic growth in emerging markets, low interest rate environment, increase in internet penetration, high investments.
The smart lighting market size is expected to see exponential growth in the next few years. It will grow to $38.55 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to rising investments in energy efficient infrastructure, evolving smart cities, favorable government initiatives, increasing iot. Major trends in the forecast period include manufacturing wi-fi enabled led bulbs, adopting lifi technology to employ high speed two-way wireless communications for the workplace, investing in human-centric lighting (hcl) to optimize building efficiency for resident protection and safety, adopting iot smart lighting technologies to enhance user experience and safety, adopting mergers and acquisitions to expand their existing product portfolio and geographical presence, focusing on new product launches to meet the market demand.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=3091&type=smp
Smart Lighting Market Major Segments
The smart lighting market covered in this report is segmented -
1) By Product: Smart Bulbs, Fixtures, Lighting Controls
2) By Light Source: LED, HID, Other Light Sources
3) By Communication Technology: Wired, Wireless
4) By Application: Commercial, Government, Residential, Other Applications
Key Driver - Government Backing Drives Smart Lighting Market Growth Worldwide
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. For instance, in December 2021, according to a press release issued by the Government of India, Ministry of Power, projects worth $4.12 billion (Rs. 30,904 crore) were sanctioned under the Integrated Power Development Scheme (IPDS). Therefore, supportive government plans increase the demand for smart lights thus propelling the market for smart lighting.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=3091&type=smp
Prominent Trend - Transforming General Lighting And Wireless Data Communication
The use of Li-fi (Light Fidelity) network is the latest trend in the smart lighting market. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-fi bulbs are equipped with a small chip that modulates the light used for data transmission. The common household LED light bulbs are used to enable data transfer with speeds up to 224 gigabits per second. Keeping up with the trend, in February 2023, PureLiFi launched Light Antenna ONE, a LiFi module that is ready for mass integration into billions of devices. It is the first-of-its-kind wireless communications antenna that enables LiFi to connect devices at scale. The device is smaller than a dime and is ready to enable LiFi on connected devices.
Smart Lighting Market Players
Major companies operating in the smart lighting market report are Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding, Eaton, Legrand S.A, Acuity Brands Inc., Wipro, Zumtobel Group AG, OSRAM GmbH, Philips Investment Co. Ltd, Cree company china, SSK Group, Halonix, Param LED Products, MLS Lighting, NVC International Holdings Limited, OPPLE Lighting, San'an Optoelectronics Co., Ltd, Meka Electric Corporation, YEELIGHT, Odeer Lighting, Longhorn Intelligent Tech Co., LTD, Contrac Lighting, PULSAR, Apollo Lighting Ltd, LED Light Vision, FLUX LIGHTING, Eleti Lighting Germany, ELEKTRA GMBH, NEONICA POLSKA, ART META, Altavola Design, Lumines Lighting, TREVOS, Varton, GE Lighting, Acuity Brands, LSI Industries Inc., Energy Focus, Inc., Lumileds, Deco Lighting, Frederico Lopes Leal, Light Tool Industries E Comercio Ltd., Studio dois emme iluminação, Veta Energia, Idoler Iluminacion, Ledolas, Lutron, Hafele
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/smart-lighting-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the smart lighting market in 2023. Western Europe was the second-largest region in the global smart lighting market share. The regions covered in the smart lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Lighting Market Report Structure
3. Smart Lighting Market Trends And Strategies
4. Smart Lighting Market - Macro Economic Scenario
5. Smart Lighting Market Size And Growth
…..
27. Smart Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Lighting Market Size, Gross Margin Analysis, Opportunities And Trends By Forecast 2033 here
News-ID: 3519888 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Light
Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
