Press release
Smart LED Bulbs Global Market Soaring to $20.98 Billion by 2025: Key Drivers and Trending Developments
Smart LED Bulbs Market Size
What Is The Projected Market Size Of The Global Smart LED Bulbs Global Market Report 2025 And Its Growth Rate?
• The smart LED bulbs market size was $16.95 billion in 2024.
• The market is projected to grow to $20.98 billion in 2025 at a CAGR of 23.8%.
• Factors such as energy efficiency, cost savings, smart home integration, environmental sustainability, convenience and automation, and cost reduction of led technology have contributed to this growth.
• The market size is expected to accelerate further, reaching $39.9 billion in 2029 at a CAGR of 17.4%.
• Trends driving this forecasted growth include integration with voice assistants, health and wellness lighting features, expansion of smart lighting in commercial spaces, advancements in connected lighting, and government initiatives for energy efficiency.
What Is Driving The Growth In The Smart LED Bulbs Global Market Report 2025?
The rise of smart cities, home to intelligent LED lighting networks, is powering the growth of the smart LED bulb market. An upswing in the lighting controls industry has corresponded with the increasing number of smart cities, leading to an expectancy of a revolution in light management. For instance, according to the Smart City Index Report by IMD Business School, the number of smart cities rose from 118 in 2021 to 141 in 2023. This development of smart cities will continue to bolster the smart LED bulb market.
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Who Are the Key Players Driving Smart LED Bulbs Global Market Report 2025 Growth?
• General Electric Company
• Panasonic Corporation
• LG Electronics Inc.
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd
• Eaton Corporation plc
• Koninklijke Philips N.V.
• Wipro Enterprises Ltd
• Legrand S.A.
• Signify N.V.
• OSRAM Licht AG
• Hubbell Incorporated
• Acuity Brands Lighting Inc.
• Dialight PLC
• Zumtobel Group AG
• Cree Inc.
• Lutron Electronics Co. Inc.
• Leviton Manufacturing Company Inc.
• Helvar Ltd
• Synapse Wireless Inc.
• Enlighted Inc.
• LightwaveRF PLC
• TVILIGHT B.V.
• Adesto Technologies Corporation
• RAB Lighting Inc.
What Are The Key Trends In The Smart LED Bulbs Global Market Report 2025?
• Integration of circadian rhythms and human-centric lighting
• Adoption of thread protocol for connectivity
• Integration of advanced sensors
• Expansion of smart led strips and panels
• Increased adoption of bluetooth mesh networking
What Are The Segments Of The Global Smart LED Bulbs Global Market Report 2025?
• By Technology: Wired Technology, Wireless Technology
• By Installation Type: New Installation, Retrofit
• By Application: Indoor Lighting, Outdoor Lighting
Which Region Leads The Smart LED Bulbs Global Market Report 2025?
In 2024, Asia-Pacific emerged as the frontrunner in the smart LED bulbs market with Western Europe following closely. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart LED Bulbs Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Smart LED Bulbs Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart LED Bulbs Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart LED Bulbs Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart LED Bulbs Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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