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Smart Lighting Market Projected To Garner Signi몭cant Revenues By 2031 Date: May 13, 2022 Author: tmrseo

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The global smart lighting market is broadly a몭ected by several factors, including rising in the number of smart city projects in developing countries. Smart lighting products such as discharge lamps, compact 몭uorescent lamps, LED lamps, and high-intensity discharge lamps are increasingly being used in many end-use industries due to their superior performance. LED lamps can be widely used in both commercial and residential buildings, and the demand is expected to continue in the near future.

Transparency Market Research delivers key insights into the global smart lighting market. In terms of revenue, the global smart lighting market is estimated to expand at a CAGR of 20.3% during the Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to accept their use. forecast period, owing to numerous factors, regarding which Close TMRand o몭ers To 몭nd out more, including how to control cookies, see here: Cookie Policy Follow

thorough insights and forecasts in its report on the global smart lighting market.

Get a PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=2861 Smart Lighting Market: Dynamics Smart lighting is an updated way to light homes. Smart LED bulbs contain software that connects to an app, smart home assistant, or smart accessory in order to automate lights or control them remotely, eliminating the need for traditional wall switches.

The global smart lighting market is projected to expand signi몭cantly during the forecast period due to the increasing penetration of smart lighting devices owing to ongoing smart city projects. Governments of developing countries are spending considerable funds on smart city developments. This o몭ers a huge opportunity for various vendors who provide technology services, utility services, and consulting. Smart city projects are synchronous with smart lighting. One of the key aims of the smart city project development is to utilize electricity more e몭ciently, and smart lighting is gain popularity for its e몭ciency.

Moreover, smart city projects o몭er sustainable growth opportunities for the economy. Energy-e몭ciency, sustainability of resources, and advancements in digital technologies have led to a rise of the smart cities concept. The smart lighting application is expected to play a signi몭cant role in attaining sustainability and energy savings. Thus, growing trend of smart cities is expected to fuel the smart lighting market.

Smart Lighting Market: Prominent Regions The smart lighting market in the Asia Paci몭c is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and countries, such as China, India, Japan, South Korea, and Taiwan that are o몭ering ample and lucrative opportunities for manufacturers on a long-term basis owing to expansion of construction and infrastructure sectors in the region. Asia Paci몭c held a prominent share of the global market due to an increase in number of smart city and smart infrastructure projects undertaken by governments in the last few years. For instance, by March 2019, the Government of India launched the UJALA program, with a target to distribute 770 million LEDs. The UJALA program is primarily focused on providing low-cost electri몭cation and reducing emissions from ine몭cient lighting in the country. The smart lighting market in Asia Paci몭c is anticipated to expand at a notable CAGR during the forecast period, owing to the presence of a large number of players manufacturing smart lighting in the region.

Get a Customized Research Report @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=CR&rep_id=2861 Smart Lighting Market: Key Players Key players operating in the global smart lighting market include LG Corporation, Leviton Manufacturing Company, Inc., Hubbell Incorporated, Panasonic, Honeywell International Inc., Signify Holding, Cree, Inc., Koninklijke Philips N.V., OSRAM, and Syska LED. Global Smart Lighting Market: Segmentation Smart Lighting Market, by O몭ering

Smart Lighting Market, by O몭ering Hardware Software Services Smart Lighting Market, by Connectivity Outlook Wired Wireless Smart Lighting Market, by Application Indoor Outdoor Smart Lighting Market, by End-use Residential Commercial Hotels Hospitals Academic Institutes Roadways Public Places (Monuments, Garden, Parks, etc.)

Others (Parking Lot, Swimming Pools, etc.)

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몭ag=EB&rep_id=2861 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always re몭ects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll-Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

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