The smart lighting market is anticipated to grow at a considerable CAGR of 20.6% during the forecast period. Factors such as government policies encouraging the use of LED lights and stringent regulations discouraging the usage of incandescent lamps are anticipated to bolster the demand for LED smart lighting. LED lights offer benefits such as energy efficiency, cost-effectiveness, […]
Tag Archives: Smart Lighting Market
The Smart Lighting Market size is expected to grow at an annual average of 5% during 2021-2027. Smart lighting is designed to manage brightness remotely. It includes high-efficiency equipment that ensures energy efficiency and can be automatically controlled and adjusted according to conditions such as occupancy and exterior lighting. Lighting is the intentional use of […]
Smart Lighting Market is estimated to grow from USD 13.4 billion in 2019 and projected to reach USD 30.6 billion by 2027, at a CAGR of 18%. The smart lighting hardware market for lighting and fixtures is expected to occupy a major share over the forecast period mainly due to the advent of integrated lighting […]
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Smart Lighting market in 2020. […]
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