According to the recent study the Smart Lighting Market is projected to reach an estimated $37 billion by 2030 at a CAGR of 17.4% from 2023 to 2030. Growth in this market is primarily driven by development of smart cities, increasing wireless technology, and increasing awareness towards energy saving.
Browse 103 figures/charts
and 108 tables in this 195 -page report to understand trends, opportunities and
forecast in smart lighting market by product type (smart bulbs, fixtures,
control systems), light source (light emitting diode, fluorescent lamps,
high-intensity discharge lamps, and others), application (indoor lights and
outdoor lights), communication technology (wired and wireless), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that
the control system is expected to remain the largest segment due to growth in
home automation and to improve energy efficiency.
Light emitting diodes
(LEDs) is expected to remain the largest market and is also expected to witness
the highest growth over the forecast. Increasing penetration due to the
declining cost of LEDs, low maintenance and high energy efficiency is expected
to spur the growth of this segment over the forecast period.
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Smart Lighting Market
Europe is expected to
remain the largest market due to the growing standard of living and increasing
automation in Germany, France, and the United Kingdom building and construction
industries.
Zumtobel Group, CREE
Inc, AMS, Signify N.V., Savant Systems, SemiLEDs Corporation are the major suppliers
smart lighting market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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