Smart Lighting Market PDF: Industry Overview, Growth Rate and Forecast 2021-26

Global Smart Lighting Author: Elena Anderson, Market Research and Marketing Manager | Upcoming Forecast Report IMARC GroupCopyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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Report DescriRpetpioornt Description and Highlights Smart Lighting Market Outlook 2026: According to the latest report by IMARC Group, titled “Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global smart lighting market reached a value of US$ 10.8 Billion in 2020. Smart lighting is an energy efficient lighting solution with power saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters such as occupancy or daylight availability. It is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications which makes it easy to control. Moreover, this lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. The evolution of big data and the internet of things (IoT) has further improved the integration of smart lighting with other automated systems used in smart homes. Request for a PDF sample of this report: https://www.imarcgroup.com/smart-lighting- market/requestsample

Report DescriRpetpioornt Description and Highlights Smart Lighting Market Trends: In recent years, smart lighting has gained popularity across the globe as it helps in minimizing energy wastage. In line with this, various governments around the world are taking initiatives for developing smart cities which have significantly contributed to the demand for these systems. For instance, under the Chicago Smart Lighting Program, the US Government has replaced over 270,000 outdated high-pressure sodium (HPS) light fixtures with new energy-efficient LED lights to reduce energy costs, improve the environment and ensure safety. Aside from offering various environmental and cost-saving advantages, these systems are also creating a positive impact on society. For example, the installation of smart streetlights in Los Angeles has helped in reducing crimes related to burglary, vandalism and vehicle theft. In addition to this, Osram has introduced SymphoCity as an intelligent connected lighting management system which can manage and monitor city-wide lighting infrastructure from one central platform to establish a more connected and secure environment. Looking forward, IMARC Group expects the market to grow at a CAGR of 19.4% during 2021-2026.

Report DescriRpetpioornt Description and Highlights Key Market Segmentation: Breakup by Offering: • Hardware • Software • Services Breakup by Communication Technology: • Wired Technology • Wireless Technology Breakup by Installation Type: • New Installation • Retrofit Installation Breakup by Light Source: • LED Lamps • Fluorescent Lamps • Compact Fluorescent Lamps • High Intensity Discharge Lamps

Report DescriRpetpioornt Description and Highlights Breakup by Application: • Commercial • Residential • Public Infrastructure • Others Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc

Report DescriRpetpioornt Description and Highlights Competitive Landscape: • Philips Lighting • Acuity Brands • Osram • Cree • General Electric Company • Eaton • Honeywell • Legrand • Hubbell Lighting • Zumtobel Group • Hafele Group • Lutron Electronics • Wipro Consumer Care • Lighting • Streetlight.Vision • Virtual Extension • Syska LED View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-lighting-market

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