Tag: Smart Lighting Market Forecast

According to a research report "Smart Lighting Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Installation Type (New Installations and Retrofit Installations), End Use Application, Communication Technology, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the Smart Lighting Market is projected to reach USD 27.7 billion by 2026 from USD 10.9 billion in 2021; it is expected to grow at a CAGR of 20.5% from 2021 to 2026. Europe has the largest market. Read More>>

A new business intelligence report released by HTF MI with title "2020-2025 Global Smart Lighting Market Report - Production and Consumption Professional Analysis (Impact of COVID-19)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Smart Lighting Market survey analysis offers energetic visions to conclude and study size, share, and competitive nature of market. The research is derived through primary and secondary statistics sources and it. Read More>>

The Smart Lighting Market is estimated to grow from USD 13.4 billion in 2020 and projected to reach USD 30.6 billion by 2025, at a CAGR of 18.0%. The major factors driving the growth of the smart lighting market include the advent of integrated lighting control systems, upcoming smart city projects in developing economies, increasing adoption and decreasing cost of LEDs, integration of lighting solutions with smart devices, and growing awareness. Read More>>