Smart Lighting Market is projected to grow at a CAGR of 17.1% to reach US$ 51.05 Bn By 2025 – The Insight Partners

Smart Lighting Market is projected to grow at a CAGR of 17.1% to reach US$ 51.05 Bn By 2025 – The Insight Partners

The smart lighting system offers energy-efficient solutions that comprises of advanced characteristics such as organized fixtures and automated controls regulating and adjusting lights in accordance with the environment. These solutions concentrate on increasing the efficacy of lighting through continuous innovation in a wide array of smart lighting systems already available in market. This technology would enable users to operate and govern the lighting systems using their mobile phones. Growing demand of user-friendly, economical and low energy consuming solutions and development of wireless and sensor technologies are projected to bolster the global market.

According to a new market research study titled ‘Smart Lighting Market to 2025 – Global Analysis and Forecast by Lighting Type, Application and Connectivity Technology’, the global smart lighting systems market was valued at US$ 10.55 Bn in 2015 and is estimated to reach US$ 51.05 Bn by 2025. The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth.

Browse market data tables and in-depth TOC of the Smart Lighting Market to 2025 @

The global smart lighting market is categories into lighting types, application, connectivity technology and geographical regions. Furthermore the lighting type is broadly segmented into light emitting diode lights, fluorescent lights, compact fluorescent lights, high intensity discharge bulbs and others (such as photographic flashes and neon lamps).The lighting application market is further segmented into residential lighting, commercial lighting, industrial lighting, government, outdoor lighting, and automotive lighting. On the basis of connectivity technology the market is segment into wireless and wired technology. The global market is also segmented based on the basis of geographically as Europe, North...

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