Global Smart Lighting Market
Smart Lighting Market Size And Forecast
Smart Lighting Market was valued at USD 11.61 billion in 2019 and is projected to reach USD 49.36 billion by 2027, growing at a CAGR of 21.4% from 2020 to 2027.
Global Smart Lighting Market Outlook
Rising modernization and development of smart cities, growing demand for intelligent solutions for street lighting systems, need for energy-efficient lighting systems and growing penetration and declining cost of LEDs have been driving the global smart lighting market. On the other hand, perception regarding the high cost of installation, inadequate awareness about payback periods, and security & privacy concerns in smart lighting systems might hamper the overall market at a global level.
Global Smart Lighting Market Competitive Landscape
The “Global Smart Lighting Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Acuity Brands, Inc., Zumtobel AG, Digital Lumens, Inc., Streetlight.Vision, Encelium Technologies, Inc., Royal Philips Electronics N.V., Honeywell International, Osram Licht AG, Legrand S.A., and Lutron Elecronics, Co.
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