Global Smart Lighting Market 2020-2024
Technavio has been monitoring the smart lighting market and it is poised to grow by USD 11.29 bn during 2020-2024 progressing at a CAGR of 16% during the forecast period. Our reports on smart lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the development of smart cities and the rising need for light dimming.
The smart lighting market analysis include application segment and geographic landscape.
Technavio's smart lighting market is segmented as below:
- Public infrastructure
- North America
- South America
This study identifies the increasing adoption of LEDs as one of the prime reasons driving the smart lighting market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart lighting market covers the following areas:
- Smart lighting market sizing
- Smart lighting market forecast
- Smart lighting market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart lighting market vendors that include Acuity Brands Inc., Bridgelux Inc., Eaton Corp. Plc, Electricite de France SA, General Electric Co., IDEAL INDUSTRIES Inc., OSRAM Licht AG, Signify NV, TVILIGHT Projects BV, and Zumtobel Group AG. Also, the smart lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.