Smart Lighting Market: CAGR Status, Latest Trends, New Developements And Opportunities
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Smart lighting is a type of lighting technology that is designed for energy efficiency. It has automated controls that controls the lighting and makes adjustments based on different conditions such as occupancy or daylight availability etc. Increasing consumer awareness regarding energy saving, thereby increasing the demand for energy-efficient technology, is fueling the market for the smart lighting.
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Smart Lighting Market - Koninklijke Philips N.V., Eaton Corporation PLC, Honeywell International PLC, Lutron Electronics Company Inc., Legrand SA, General Electric Company, Osram Licht AG, Wipro Lighting, Schneider Electric and Hubbell India.
Development of IoT technology and increase in the demand for the intelligent solutions for street lighting systems are the major drivers for the growth of the market in coming years. One of the major trend is the development of smart cities which is gaining traction and will bring new opportunities in the market in coming years.
The "Indian Smart Lighting Market Analysis to 2027" is a specialized and in-depth study of the smart lighting industry with a focus on the Indian market trend. The report aims to provide an overview of Indian smart lighting market with detailed market segmentation by lighting types, application, and connectivity technology. The Indian smart lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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