Title: Smart Lighting Market Outlook And Industry Analysis Report 2024-2033
1Smart Lighting Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
2Smart Lighting Market Segments
The Business Research Company segments its Smart
Lighting Market report as
Smart Bulbs, Fixtures, Lighting Controls
By Product
LED, HID, Other Light Sources
By Light Source
By Communication Technology
Wired, Wireless
By Application
Commercial, Government, Residential, Other
Applications
3Smart Lighting Market Statistics
It will grow from 15.55 billion in 2023 to
18.37 billion in 2024 at a compound annual
growth rate (CAGR) of 18.1. It will grow to
38.55 billion in 2028 at a compound annual
growth rate (CAGR) of 20.4
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4Key Market Drivers And Trends
Drivers
Government support in developed and developing
economies drive the growth of the smart lighting
market.
Trends
The use of Li-fi (Light Fidelity) network is the
latest trend in the smart lighting market.
Region
North America was the largest region in the smart
lighting market in 2023. The regions covered in
the smart lighting market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East, Africa
5Key Market Players
- Major players in the Smart Lighting Market are
- Schneider Electric SA
- Cisco Systems Inc
- Honeywell Inc
- Signify Holding
- Eaton
- And more.
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