Global Smart Lighting Market
Electrical And Electronics Manufacturing

Global Smart Lighting Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Smart Lighting Market Report by The Business Research Company covers smart lighting market drivers and restraints, smart lighting market size, major players, and the impact of COVID-19 on the smart lighting market.

The smart lighting market consists of sales of smart lighting and related services by entities (organizations, sole traders and partnerships) that manufacture smart lighting products used in homes, hospitals, hotels and other types of buildings. Smart lighting is a lighting that can be controlled through an app that is installed in smartphones, tablets or through voice assistant devices such as Amazon Alexa, Google Assistant, Apple Siri and similar other devices.

The global smart lighting market reached a value of nearly $11,065.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.1% since 2015. The market is expected to grow from $11,065.3 million in 2020 to $22,569.7 million in 2025 at a rate of 15.3%. The smart lighting market is then expected to grow at a CAGR of 14.3% from 2025 and reach $43,978.9 million in 2030.

Rapid growth in investments for energy efficient solutions in the infrastructure industry is expected to drive the smart lighting market in the forecast period. A large number of companies are investing in energy efficient infrastructural methods especially in the USA and European countries. For instance, in 2020, the European Investment Bank (EIB) approved €4.9 billion in investments for clean energy, sustainable transport, high-speed communications and social housing, as well as health and education infrastructure across the world with a focus on projects such as energy in Serbia, Spain and Romania. Such investments are expected to boost the development and sale of energy efficient products such as smart bulbs and lamps, thereby driving the smart lighting market during the forecast period.

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Some smart lighting market trends include Wi-Fi enabled LED bulbs. Moreover, the increasing use of Li-Fi (Light Fidelity) networks is the latest trend in the smart lighting market. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission.

Global smart lighting market segments include:

1) By Product: Smart Bulbs, Fixtures, Lighting Controls

2) By Light Source: LED, HID, Others

3) By Communication Technology: Wired, Wireless

4) By Application: Commercial, Government, Residential, Others

5) 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 Lighting Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides smart lighting market overviews, analyzes and forecasts market size, share, smart lighting market players, smart lighting market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The smart lighting identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Smart Lighting Opportunities And Strategies: Forecast 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: Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), Eaton

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 Lighting 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 Lighting Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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Here is a list of reports from The Business Research Company similar to the Smart Lighting Opportunities And Strategies: Forecast To 2030:

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