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Smart Lighting Market

The global smart lighting market is expected to grow at a CAGR of approximately 27% during the forecast period 2017-2027

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Smart Lighting Market

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  1. Smart Lighting Market Global Opportunity Analysis and Industry Forecast, 2018-2027

  2. Smart Lighting Market Overview • According to Market Research Future, the global smart lighting market is set to grow at an astounding CAGR of 27% during the forecast period of 2017 to 2027. With advancing technology and a growing, growing population, energy efficiency has become highly relevant and important. With cities around the world moving toward smart city infrastructure the market is expected witness exponential growth and reach an estimated evaluation of USD 25 Bn by the end of 2027. • Increasing awareness and concern for the environment have resulted in both consumers and government bodies increased demand for smart lighting. The energy efficiency benefits that smart lighting offers lend itself to cost efficiency as well, thus increasing demand. Growing investments in smart homes and smart cities combined with rapidly advancing wireless communication have augmented the market further. Initial installation costs are high, and there is a lack of skilled professionals; this is expected to hamper market growth. However ongoing development and advancements of smart technology will provide avenues for growth over the assessment period.

  3. The major factors driving the growth of the smart lighting market are growing awareness about environmental benefits of energy efficiency, rising and improving wireless communication technology, and growing investment in smart home & cities market among others. However, aspects such as high installation cost, and lack of skilled expertise are hindering the growth of smart lighting market. • The global smart lighting market is expected to grow at a CAGR of approximately 27% during the forecast period 2017-2027. Read More at: https://www.marketresearchfuture.com/reports/smart-lighting-market-991

  4. Market Segmentation • The global smart lighting market has been segmented on the basis of type, light source, communication technology, application, and region. By type, the market is segmented into lighting control, fixtures, and smart bulbs. • By light source, the market is segmented into HID light source, fluorescent light source, and light source. • By communication technology, the market is segmented into wired and wireless. • By application, the market is divided into outdoor, and indoor. • The global division of the smart lighting market includes North America, Europe, Asia Pacific and the Rest of the World. Get the sample copy @ https://www.marketresearchfuture.com/sample_request/991

  5. Top Impacting Factors

  6. Key Market Players

  7. Intended Audience

  8. Detailed Regional Analysis • The global color detection market is studied in Asia Pacific, North America, Europe, and Rest of the World. It is observed that European region dominated the global smart lighting market in 2014 and is anticipated to maintain its same position in the coming years as well, followed by the North American market. The increased adoption of smart lighting systems as an energy efficient lighting solution is fueling the smart lighting market in this region. Asia Pacific region is expected to be the fastest growing market due to increased usage of smart lighting, availability of raw materials, and low labor cost.

  9. Thank You! For More Details Visit us at https://www.marketresearchfuture.com Follow Us On

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