Press release
Smart Cities Drive Growth In The Smart Led Bulb Market: An Emerging Driver Transforming The Smart LED Bulbs Market Landscape
Smart LED Bulbs
How Big Is the Smart LED Bulbs Market Size Expected to Be by 2034?
In the past few years, there has been an exponential expansion in the market size for smart LED bulbs. It is expected to surge from $16.95 billion in 2024 to reach $20.98 billion in 2025, representing a compound annual growth rate (CAGR) of 23.8%. The substantial growth in the historic period is due to a rise in energy efficiency and cost savings, integration with smart homes, focus on environmental sustainability, enhanced convenience and automation, and the decreasing cost of LED technology.
The market size for smart LED bulbs is poised for significant expansion in the forthcoming years, with projections indicating a growth to $39.9 billion by 2029, a compound annual growth rate (CAGR) of 17.4%. Factors contributing to this predicted growth during the forecast duration include the compatibility with voice assistants, the incorporation of health and wellness lighting features, extension of smart lighting into commercial sectors, advancements in connected lighting technologies, and energy efficiency initiatives by the government. Emerging trends for the forecast duration include the integration of human-centric lighting and circadian rhythms, the employment of the thread protocol for connectivity, advanced sensor integration, a rise in smart LED strips and panels, as well as an escalated adoption of Bluetooth mesh networking.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3170
What Are the Emerging Segments Within the Smart LED Bulbs Market?
The smart LED bulbs market covered in this report is segmented -
1) By Technology: Wired Technology, Wireless Technology
2) By Installation Type: New Installation, Retrofit
3) By Application: Indoor Lighting, Outdoor Lighting
Subsegments:
1) By Wired Technology: Power Line Communication (PLC), Zigbee Wired Solutions
2) By Wireless Technology: Wi-Fi Enabled Bulbs, Bluetooth Enabled Bulbs, Zigbee Wireless Solutions, Z-Wave Wireless Solutions
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3170&type=smp
What Long-Term Drivers Are Shaping Smart LED Bulbs Market Trends?
The advancement of intelligent urban areas significantly contributes to the expansion of the smart LED bulb market. The illumination of these smart cities will be essential to their future growth, with LED lighting networks predicted to dominate urban street lighting systems. As smart cities become more prevalent, the lighting controls industry will experience a surge given the anticipated revolution in light management areas. For example, the Smart City Index Report (published by The International Institute for Management Development, a business school based in Switzerland) in April 2023 illustrated an increase in the number of smart cities from 118 in 2021 to 141 in 2023. Consequently, the smart LED bulb market is forecasted to grow in alignment with the evolution of smart cities.
Who Are the Top Competitors in Key Smart LED Bulbs Market Segments?
Major companies operating in the smart LED bulbs market include 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 Latest Developing Trends in the Smart LED Bulbs Market?
Wi-Fi-enabled LED bulbs are emerging as a significant trend within the smart LED bulbs market. These bulbs, by connecting to your household router, reduce clutter and complications as they don't require a separate network. The brand's designated application allows for easy managing of these Wi-Fi-capable lights. Furthermore, they are compatible with smart assistants, like Alexa and Google, enabling control of the lighting system. Lifx is an emerging brand in the Wi-Fi LED light segment, often regarded as the primary rival of Philips, pioneering in the development of intelligent lighting solutions. Even though Lifx lights cost more than Philips', they offer superior brightness, durability, and infrared light emission in darkness, making them ideal for exterior and porch fixtures close to security cameras.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/smart-led-bulbs-global-market-report
Which Regions Are Becoming Hubs for Smart LED Bulbs Market Innovation?
Asia-Pacific was the largest region in the smart LED bulbs market in 2024. Western Europe was the second-largest region in the global smart LED bulbs market share. The regions covered in the smart led bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart LED Bulbs Market?
2. What is the CAGR expected in the Smart LED Bulbs Market?
3. What Are the Key Innovations Transforming the Smart LED Bulbs Industry?
4. Which Region Is Leading the Smart LED Bulbs Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Cities Drive Growth In The Smart Led Bulb Market: An Emerging Driver Transforming The Smart LED Bulbs Market Landscape here
News-ID: 4015536 • Views: …
More Releases from The Business Research Company
Steam Turbine Market Forecast 2025-2034: Comprehensive Analysis And Growth Oppor …
The Steam Turbine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Steam Turbine Market Size Expected to Be by 2034?
In recent times, there has been a slight increase in the size of the steam turbine market. This market is projected to…
Surging Oil And Gas Demand Fuels Expansion In Specialty Oilfield Chemicals Marke …
The Specialty Oilfield Chemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Specialty Oilfield Chemicals Market?
In the past years, the market size of specialty oilfield chemicals has seen a consistent expansion. The market value, which was at $11.71…
Plant-Based-Meat Market Size Projected To Reach $19.84 Billion By 2034 With A Ca …
The Plant-Based-Meat Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Plant-Based-Meat Market Size and Projected Growth Rate?
The size of the plant-based-meat market has experienced a significant expansion in the recent past. The market size is predicted to rise from a value of…
Sorghum Seed Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Sorghum Seed Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Sorghum Seed Market Size and Projected Growth Rate?
In recent years, the sorghum seed market has seen robust growth. The market is estimated to increase from $2.06 billion in 2024 to $2.18…
More Releases for LED
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017
Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics.
Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550
This report studies the global LED Drivers market, analyzes and…
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on…
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022).
Description
The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED…
