Smart Lighting Market Size, Revenue, Growth Rate Analysis and Forecast 2023

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Market Research Future
Smart Lighting Market Research Report - Global
Forecast to 2023
Major giants like Philips Lighting
(Netherlands), Acuity Brands Lighting, Inc.
(U.S.), General Electric Company (U.S.), OSRAM
Licht AG (Germany) and Honeywell International
(U.S.) are concentrating on the smart lighting
market due to increasing development of smart
cities and growing need for energy efficient
solutions for the same. Philips Lighting has come
up with new solutions for smart lighting by
embedding ZigBee communication chips inside the
LED ceiling lights and luminaries which will help
in reducing the energy consumption by controlling
the lighting in an intelligent manner. Increasing
demand for smart lighting solutions is one major
factor driving the growth of smart lighting
market. Cost effectiveness is another major
factor responsible for fueling the growth of
smart lighting market. https//www.marketresear
chfuture.com/reports/global-smart-lighting-market-
960
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Market Research Future
Regional Analysis The regional analysis of smart
lighting market is being studied for regions such
as Asia Pacific, North America, Europe and Rest
of the World. It has been observed that Europe is
estimated to account for the largest share of the
market, whereas Asia-Pacific is projected to grow
at the fastest rate during the forecast period.
The major growth in smart lighting market in
Europe is attributed to technical advancements
and increasing investments in infrastructure
modernization projects in that region. The growth
in Europe is followed by North America
region. Access Full Report _at_
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l-smart-lighting-market-960
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Market Research Future
Industry Segments Smart lighting market has been
segmented on the basis of component, product
type, light source, communication technology and
application. The light source segment is
bifurcated into Light emitting diode (LED,
fluorescent lamp (FL) and high intensity
discharge lamps (HID). Out of which, the LED
light source sub segment is expected to grow at
the highest arte during the forecast period. The
growth is attributed to the factors like low
power consumption rate and also lower maintenance
costs compared to other light source
types. Request a Sample Report _at_
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Market Research Future
Major Players in this Research The prominent
players in smart lighting market are Philips
Lighting Holding B.V. (The Netherlands), Acuity
Brands Lighting, Inc. (U.S.), General Electric
Company (U.S.), Osram Licht AG (Germany),
Honeywell International Inc. (U.S.), Legrand S.A.
(France), Schneider Electric SE (France), CREE,
Inc. (U.S.), Cooper Industries, Inc. (Ireland),
Digital Lumens, Inc. (U.S.) and others. Get
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Market Research Future
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