According to a new report Global Smart Lighting Market, published by KBV research, the Global Smart Lighting Market size is expected to reach $20.3 billion by 2023, rising at a market growth of 20.7% CAGR during the forecast period.
The Digital Addressable Lighting Interface market holds the largest market share in Global Smart Lighting Market by Wired Communication Technology in 2016 and would continue to ... Read more
Smart lighting system is an innovative technology featured with automated controls that make adjustment of light based on occupancy and daylight availability for energy efficiency and cost saving. Lighting control system reduces energy consumption by switching off lights when not in use or dim the lights based on daylight availability owing to which ... Read more
Smart lighting market is forecasted to reach $27,064 million by 2023. The growth is attributed to the rising interest of consumers towards the adoption of automation technologies such as internet of things (IoT), and increase in affordability and availability of smart automation technologies, globally.
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The global smart lighting market is segmented on the basis of product type, light source, communication technology, region and application. Persistence Market Research has come up with a new report titled “Smart Lighting Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” that tracks the performance of the various segments of the global smart lighting market for a projected period of eight years between 2017 and 2025.