Smart Lighting Market size worth $ 18131.31 Million, Globally, by 2028 at 6.32% CAGR: Verified Market Research®
JERSEY CITY, N.J. , July 5, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Smart Lighting Market" By Installing Type (New Installation, Retrofit Installation), By Communication Technology (Wired Technology, Wireless Technology), By Application (Indoor Applications, Outdoor Applications), By Offering (Hardware, Software, Services, Post-Installation), and By Geography. According to Verified Market Research, the Smart Lighting Market size was valued at USD 11203.56 Million in 2020 and is projected to reach USD 18131.31 Million by 2028, growing at a CAGR of 6.32% from 2021 to 2028.
- According to Verified Market Research, the Smart Lighting Market size was valued at USD 11203.56 Million in 2020 and is projected to reach USD 18131.31 Million by 2028, growing at a CAGR of 6.32% from 2021 to 2028.
- Over the past couple of decades, various factors are driving the growth of the global Smart Lighting market, such as rising smart city projects with smart lighting, and rising demand for energy-efficient lighting.
- The factors such as stringent government regulations globally to restrict the use of inefficient lighting technologies are driving the Smart Lighting Market.
- Verified Market Research has segmented the Global Smart Lighting Market On the basis of Installing Type, Communication Technology, Application, Offering, and Geography.