Market Insight
The smart lighting market is gaining substantial traction attributed to the ongoing innovations that are taking place in lighting solutions. On this note, Market Research Future has published a new report stating that the global smart lighting market can expect a hike of approximately 27% CAGR during the forecast period 2017-2027.
Market Drivers & Trends
With better technology, the trending lighting solutions are providing new opportunities to leverage new businesses across the globe, which has assisted the market in proliferating in the current time.
an add on, government organizations in various countries, around the world, are initiating in developing smart cities and installing smart lighting. These factors are augmenting the global Smart Lighting Market and are estimated to expand it in the foreseeable years having an increasing demand in various other fields.
In case of point, Koninklijke Philips N.V., Schiphol Group, Cofely, and Royal Philips are marvels of the market who entered with collaborating for new lighting system in the terminal buildings at Amsterdam Airport Schiphol. These lights would be responsible for optimum performance, durability as well as could be re-used and recycled anytime. The modernization in LED has also led to the global smart lighting market to expand remarkably over the years
Furthermore, growing awareness about environmental benefits is also a significant concern which is initiating the market to increase the production of smart lighting and could impact the market growth positively. Apart from this, more factors such as rising and improving wireless communication technology as well as growing investment in smart home & cities market are expected to impact the growth of the market constructively in the assessment period.
Get More Details of Report @ https://www.abnewswire.com/pressreleases/smart-lighting-market-2020-global-size-share-historical-analysis-sales-revenue-growth-factors-emerging-trends-business-strategy-competitive-landscape-and-potential-of-industry-2023_466145.html
Key Players
The prominent players in smart lighting market are – Philips Lighting Holding B.V. (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Legrand S.A. (France), Schneider Electric SE (France), CREE, Inc. (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.) and others.
Segmentation:
The global smart lighting market is segmented on the basis of component, product type, communication technology, application, and region.
Regional Analysis:
Europe is the leading regional segment of the global smart lighting market and is likely to retain a strong hold over the smart lighting market over the forecast period due to the growing public and government support to environmentally beneficial technology. The long-term cost and power savings offered by smart lighting systems have resulted in widespread application of smart lighting in Europe. The supportive presence of the required infrastructure and financial concessions is likely to be a key driver for the smart lighting market in Europe over the forecast period. North America is also likely to witness a growing demand for smart lighting over the forecast period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/global-smart-lighting-market-960
TABLE OF CONTENTS
LIST OF TABLES
Table 1 Smart Lighting Market, By Component
Table 2 Smart Lighting Market, By Product Type
Table 3 Smart Lighting Market, By Light Source
Table 4 Smart Lighting Market, By Communication Technology
Table 5 Smart Lighting Market, By Application
Table 6 Smart Lighting Market, By Region
Table 7 North America Smart Lighting Market, By Component
Table 8 North America Smart Lighting Market, By Product Type
Table 9 North America Smart Lighting Market, By Light Source
Table 10 North America Smart Lighting Market, By Communication Technology
Table 11 North America Smart Lighting Market, By Application
Table 12 North America Smart Lighting Market, By Region
Table 13 U.S. Smart Lighting Market, By Component
Table 14 U.S. Smart Lighting Market, By Product Type
Table 15 U.S. Smart Lighting Market, By Light Source
Continued…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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