Global Smart LED Bulbs Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Smart LED Bulbs Market Report by The Business Research Company covers smart led bulbs market drivers and restraints, smart led bulbs market size, major players, and the impact of COVID-19 on the smart led bulbs market.
The smart LED bulbs market consists of sales of smart LED bulbs and related services that are used in indoor and outdoor lighting. The smart LED bulb establishments are primarily engaged in the manufacturing smart LED bulbs and required accessories. A smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed and regulated.
The development of smart cities is a key factor driving the growth of the smart LED bulbs market. The lighting of smart cities will play a major role in the future growth and the future of street lighting systems in smart cities will be LED lighting network.
The global smart LED bulbs market is expected grow from $7.28 billion in 2020 to $9.13 billion in 2021 at a compound annual growth rate (CAGR) of 25.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.85 billion in 2025 at a CAGR of 20%.
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Some smart led bulbs market trends include the Wi-Fi enabled LED bulbs. Wi-Fi-enabled LED bulbs connect to the home router and therefore, do not need a network that cuts down on clutter and problems. Wi-Fi capable lights can be operated easily through the brand-connected application. They can also be used with smart assistants, like Alexa and Google, to monitor the lights. Lifx is one of the upcoming players for Wi-Fi LED lights, the brand is widely seen as Philips’ top competitor, leading the way in new, intelligent lighting.
Global smart led bulbs market segments include:
1) By Technology: Wired Technology, Wireless Technology.
2) By Application: Indoor Lighting, Outdoor Lighting.
3) By Installation Type: New Installation, Retrofit.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Smart LED Bulbs Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides smart led bulbs market overviews, analyzes and forecasts market size, share, smart led bulbs market players, smart led bulbs market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The smart led bulbs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Smart LED Bulbs Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Legrand S.A., Acuity Brands, Inc. , Eaton Corporation, General Electric Company, OSRAM Licht, Honeywell International Inc., Hubbell Incorporated, Koninklijke Philips N.V., Cree, Inc., Lutron Electronics, Zumtobel Group, Dialight PLC, Syska LED, Wipro Enterprise Ltd, ABB, TVILIGHT B.V., Helvar, Ideal Industries, Inc., Adesto Technologies, Panasonic, LightwaveRF PLC, RAB Lighting, Synapse Wireless, LG Electronics, Enlighted Inc, Leviton Manufacturing Company, Inc., Signify, Philips Lighting N.V., Schneider Electric Software LLC., SELC Ireland Limited, Silver Spring Networks.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The smart led bulbs Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The smart led bulbs Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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