Smart Indoor Lighting Market Segmentation, Trends, Competitive Landscapes, Industry Growth, Revenue and Companies Overview – Forecast till 2026
Overview
Major factors driving the smart indoor lighting market are the energy saving concerns and its advantages such as low maintenance cost, longer endurance and low power consumption are the factors responsible for the growth of smart indoor lighting market. The decreasing prices of LED components is another
The smart indoor lighting market has been segmented on the basis of light source, product type, communication technology and application. The application segment is further bifurcated into commercial, industrial and residential. Remote monitoring and automated lighting controls are driving the growth of smart lightings in residential and other indoor application segments.
The global smart indoor lighting market is expected to grow at approx. USD 8 Billion by 2026, at 27% of CAGR between 2020 and 2026.
Get Report Details @ https://www.marketresearchfuture.com/reports/smart-indoor-lighting-market-3780
Key Players
The prominent players in the smart indoor lighting market are – Philips Lighting (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany), Honeywell International (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.), Legrand S.A. (France), Lutron Electronics Company, Inc. (U.S.), Schneider Electric SE (France), among others
Request Free Sample @ https://www.marketresearchfuture.com/sample_request/3780
Segmentation
The smart indoor lighting market has been segmented on the basis of light source, product type, communication technology and application. The light source segment is further bifurcated into fluorescent lamps, light emitting diodes and high intensity discharge lamps. Out of which, the LED light source type is expected to grow at the highest CAGR during the forecast period owing to the gradual reduction in prices and factors like low maintenance costs and low power consumption rates.
The prominent players in the smart indoor lighting market are – Philips Lighting (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany), Honeywell International (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.), Legrand S.A. (France), Lutron Electronics Company, Inc. (U.S.), Schneider Electric SE (France), among others.
Regional Analysis
The regional analysis of Smart Indoor Lighting Marketis studied for North America, Europe, Asia Pacific and Rest of the World.
Europe accounts for the highest market share for the smart indoor lighting market.Asia-Pacific is expected to be the fastest growing region during the forecast period. India, China and Japan are responsible for this fastest growth. The growth factors contributing to the fastest growth are the multiple government initiatives and expenditures on public infrastructure and smart cities. The emerging economies such as India and China are showing the increasing construction activities which is expected to increase the adoption of smart indoor lightings.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]