Smart Lighting Market Research Report will gain a CAGR value of 21% in the forecast period between 2020 to 2030

 Market Highlights

The Smart Lighting Market is projected to estimate a value of USD 34.71 billion. The market will gain a CAGR value of 21% in the forecast period between 2020 to 2030. Technical advancements, expansion of global population, and need for energy efficient lights can encourage the growth of the global smart lighting market growth. The high relevance and growing importance of smart lighting system for establishing smart cities can bolster the expansion of the global smart lighting market across the assessment period. The growing inclination of people towards smart infrastructure is likely to cause escalation of the smart lighting market is above USD 34.71 billion by 2030.

The increase in awareness and rise in environment concern are prompting the adoption of smart lighting market. Benefits of smart lighting, such as energy efficacy and cost effectiveness are noted to boost their adoption. Increased investment in smart cities and smart homes, and advances in wireless connectivity can surge the market in the review period. On the contrary, the initial installation price and lack of skilled task force can impede the expansion of the global smart lighting market. However ongoing developments and availability of smart technology can counter the limitation of the market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/991

Key Players

The smart lighting market’s competitive landscape can be largely influenced by of collaboration and acquisitions among key players, rise in research and development undertakings, and launch of new products, and adoption of other effective market strategies by market players. MRFR identified some leading players in the global smart lighting market. They are; Honeywell, Lutron Electronics Co. Inc., Daintree Networks, Echelon Corporation, Streetlight Vision, Koninklijke Philips N.V., Bridgelux, Zumtobel, Osram GmbH, and Legrand S.A. among others. Investors are investing in R&D undertaking to launch more effective products.

Segmentation:

The study of the worldwide smart lighting market can be segmented by light source, type, application, and communication technology. The type-based segments of the smart lighting market are fixtures, lighting control, and smart bulbs. The high rate of adoption of smart bulbs can cause the global smart lighting market surge. The light source-based segments of the market are fluorescent light source, HID light source, and light source. The growing desirability of HID light source can impel the smart lighting market expansion through the review period. The communication technology-based segments of the market are wireless and wired. The application-based segments of the market are indoor and outdoor.  The indoor smart lighting technologies are cutting down on cost and offering better electricity efficacy. Outdoor smart lighting technology are gaining high popularity across different field. These are factors that are expected to spur the smart lighting technology market growth.

Regional Outlook

Europe smart lighting market can lead in the global market. The regional market can secure the largest share of the global smart lighting market. The increase in smart lighting systems adoption and availability of favorable government policies can prompt the regional market growth. Likewise, North America smart lighting market is expected to be influenced by similar factors. Technical advancements and adoption of energy efficient strategies can boost the expansion of the smart light market in these regions. Asia Pacific smart lighting market is expected to surge at a rapid pace. The rise in the development of smart cities is identified as a major booster for the APAC market. The availability of affordable labor and low operating costs are noted to draw investment from international players. Asia Pacific has abundance of raw materials that can aid in the production of smart lighting systems. MRFR identified that the growth potential of the APAC smart lighting market is high.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/smart-lighting-market-991

Smart Lighting Market: By Type (Smart Bulbs, Fixtures and Lighting Control), Light Source (Fluorescent, LED), Communication Technology (Wired and Wireless), Software & Service (Smartphone Applications, Lighting As-A-Service) – Global Forecast till 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.      

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Mobile banking market size to reach USD 3.47 billion, with an 15.4% CAGR by 2030

  The Mobile banking market size 3.47 Billion Expected to CAGR 15.4% during the period from 2020-2030. Mobile Banking   industry is a service provided by a bank or other financial institutions and allows users to conduct financial transactions remotely using a mobile device. The devices such as smartphones or tablets are used for mobile banking, primarily for transferring money from one account to another and depositing a check by taking a picture. These are prominently provided features for mobile banking in the market. Moreover, it typically operates across applications developed for iPhone, Android, or other device platforms. Moreover, mobile banking is conducted with the availability of an internet or data connection to the mobile device. Depending on the feature provided in applications, the products and services included in mobile banking provide account balances and lists of the latest transactions, remote check deposits, funds transferred between beneficiary accounts...
Read more

Telecom Expense Management Market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027

  Market Synopsis  As per the recent study by Market Research Future Reports (MRFR), the global telecom expense management market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027. The amplified demand for mobile applications is the most substantial element driving the global telecom expense management market 2021. The ascending popularity and the fast adoption of mobile devices is another essential factor leading to the growth of market. Besides, the increasing adoption of cloud-based techniques is estimated to make a significant contribution which prospers the market with handsome revenue generation. Moreover, the increasing demand for portable equipment and the evolution in telecom expense management is likely to augment the global market size. In addition, there is a lofty scope of progress in developing countries, which is estimated to grow the market size. Furthermore, the growing demand for telecom expense management across several industries like ret...
Read more

Encryption software market report-forecast represents that the estimated market value of 13 billion by 2030

  Encryption software signifies the set of instruction-based software that implements the cryptography technique to inhibit unauthorized access to digital information. Encryption process follows the processed information is transferred through a series of mathematical operations and creates the alternate form of that data, these series of processes is known as algorithm. The increasing cyber-attacks and surging demand for high level of security system in order to safeguard the confidential data are expected to drive the market over the forecast period. Additionally, rising adoption of bring your own devices (BYOD) in advanced economies are expected to drive the market over the review period. On the other hand, high implementation cost and lack of awareness are expected to Encryption Software Market forecast represents that the estimated market value of 13 billion at a CAGR 16.40% by the year 2030. Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/3125 ...
Read more