ビジネス科学&テクノロジー

Smart Lighting Market Sales to Grow $38.68 Billion by 2026 at 20.5% Growth Rate

Increasing demand for street lighting systems, surge in need for energy-efficient lighting systems, and high penetration of LED bulbs and lighting have boosted the growth of the global smart lighting industry. The market across Asia-Pacific is projected to portray the fastest CAGR of 23.7% from 2018 to 2026. However, the hardware segment dominated the market in 2018, accounting for nearly three-fourths of the market.

The global smart lighting market accounted for $8.68 billion in 2018 and anticipated to $38.68 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.

Increasing demand for street lighting systems, surge in need for energy-efficient lighting systems, and high penetration of LED bulbs and lighting have boosted the growth of the global smart lighting industry. However, high installation and maintenance cost in smart lighting systems hinders the market. On the other hand, the emergence of IoT and AI technology for smart lighting and development in smart city projects are anticipated to open new opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1029

The global smart lighting market is segmented on the basis of offering, connective technology, lighting technology, industry vertical, and geography. Based on offering, the market is categorized into hardware and software. The software segment is expected to manifest the highest CAGR of 23.5% from 2019 to 2026. However, the hardware segment dominated the market in 2018, accounting for nearly three-fourths of the market.

On the basis of lighting technology, the LED lighting technology segment held the lion’s share in 2018, accounting for more than two-fifths of the market, due to increase in penetration of LEDs in residential, industrial, and commercial sectors coupled with advancements of LEDs. The segment is expected to register the fastest CAGR of 23.4% during the forecast period.

Growth Drivers:
♦ Growing demand of street lighting system
♦ Increasing need for energy-efficient lighting system
♦ High penetration of LED bulbs and lightnings globally

The global smart lighting market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to portray the fastest CAGR of 23.7% from 2018 to 2026. However, the market across North America held the largest share in 2018, accounting for more than one-third of the market.

Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/1029

Global Money Makers:

The global smart lighting market report includes an in-depth analysis of the major market players such as

  • Acuity Brands, Inc.
  • Cisco Systems, Inc.
  • Deco Lighting, Inc.
  • Eaton
  • Dialight
  • Koninklijke Philips N.V.
  • Honeywell International Inc.
  • Cree, Inc.
  • General Electric
  • Syska

Similar Studies:

Intelligent Lighting Controls Market – Global Competitor Analysis and Industry Forecast, 2019-2026

Industrial and Commercial LED Lighting Market – Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Tags

Related Articles

Close