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Rapid growth in investments for energy efficient solutions in the infrastructure industry is expected to drive the smart lighting market in the forecast period, as per The Business Research Company’s smart lighting market opportunities and strategies report.

The smart lighting market is expected to reach $22.56 billion 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 $43.97 billion in 2030.

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Major players in the smart lighting market include Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), Eaton.

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. The Li-Fi bulbs are equipped with a small chip that modulates the light used for data transmission. Common household LED light bulbs are used to enable data transfer with speeds up to 224 gigabits per second.

The global smart lighting market is segmented:
By Product: Smart Bulbs, Fixtures, Lighting Controls

By Light Source: LED, HID, Others light sources

By Communication Technology: Wired, Wireless

By Application: Commercial, Governmental, Residential, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s smart lighting market report covers

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 (2016-21) and ten years forecast (2022-2026-2031)

The Smart Lighting Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough smart lighting market research, analyzes and forecasts smart lighting market size, smart lighting market share, smart lighting market players, smart lighting market trends, smart lighting market segmentation and geographies, leading competitor revenues, profiles and market shares.

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

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.

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