North America Smart Lighting Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
North America Smart Lighting Market Outlook 2027: According to the latest report by IMARC Group, titled " North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 022-2027 ," the North America smart lighting market reached a value of US$ 4.3 Billion in 2021. Smart lighting involves the utilization of software, mobile applications and smart home assistant devices for controlling lighting systems. Along with this, it also includes the adoption of light-emitting diodes (LED) for energy-efficient lighting solutions. It is widely preferred as an alternative to conventional lighting systems, including halogens, incandescent bulbs and compact fluorescent lamps (CFLs). These solutions offer personalized lights for occasions, enhanced security and convenience, and a longer lifespan. Also, they help in enhancing the aesthetic appearance of a space in a cost-efficient manner. Request for a free sample: https://www.imarcgroup.com/north-america-smart-lighting-market/requestsample
Report Description and Highlights
Report Description
North America Smart Lighting Market Trends: The market in North America is primarily driven by an enhanced focus on sustainable development. In line with this, numerous government initiatives undertaken for the installation of energy-efficient street lighting solutions across the region are creating a positive outlook for the market growth. Apart from this, the shifting lifestyle preferences and inflating disposable income levels of individuals are providing a boost to the market growth. Moreover, various technological advancements, including the increasing integration of artificial intelligence (AI) and the Internet of Things (IoT) technologies with lighting systems, are acting as a major growth-inducing factor. Furthermore, rising investments by private and public agencies in infrastructural development projects are positively influencing the market growth. Other factors, including the rapid expansion of smart building projects and extensive research and development (R&D) activities conducted by key players for introducing improved product variants, are further expected to drive the market growth across North America.
Report Description and Highlights Report Description Market Summary: Breakup by Communication Technology: • Wired Technology • Wireless Technology Breakup by Installation Type: • New Installation • Retrofit Installation Breakup by Application: • Commercial • Residential • Public Infrastructure Breakup by Light Source: • LED Lamps • Fluorescent Lamps • Compact Fluorescent Lamps • High Intensity Discharge Lamps
Report Description and Highlights Report Description Breakup by Offering: • Hardware • Lights and Luminaires • Design and Engineering • Installation • Post-Installation Breakup by Region: • United States • Canada • Mexico On account of the aforementioned factors, the market is anticipated to reach a value of US$ 12.08 Billion by 2027, expanding at a CAGR of 19.10% during 2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/north-america-smart-lighting-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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