According to the new Market research study published by The Insight Partners, the Global Smart Lighting 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 @ http://www.theinsightpartners.com/reports/smart-lighting-market
Currently, smart lighting have seen significant adoption in the European countries and North America. Furthermore, with advancements in technology and infrastructure, various developing economies in APAC and MEA are expected to witness significant adoption of smart lighting solutions. Thus, Europe dominate the global smart lighting market, however, they are expected to lose market share to APAC during the forecast period. The APAC region is expected to register a growth rate of 23.7% during 2016 to 2025.
In 2015, Saudi Arabia led the smart lighting market in Middle East and Africa (MEA), and is expected to continue its dominance by expanding at a CAGR of 23.8% during the forecast period from 2015 to 2025. Also, South Africa is expected to witness rising adoption of smart lighting owing to the increasing awareness of energy consumption and decreasing price of LED.
Request sample copy @ http://www.theinsightpartners.com/sample/TIPTE100000112
The global smart lighting market has been segmented on the basis of lighting Type into. Light Emitting Diode (LED) Lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps and Others (Neon Lamps and Photographic Flashes). The global smart lighting market is further segmented on the basis of application Industrial lighting, Residential lighting, Commercial lighting, Government, Outdoor lighting and Automotive lighting by. Geographically, the global smart lighting market is segmented into North...