Commercial Lighting Market worth $21.8 billion by 2025 - Exclusive Report by MarketsandMarkets™
Rapid transition from traditional lighting to connected lighting solutions and increased adoption of PoE-based and solar lighting system are major opportunities for the commercial smart lighting market.
- Rapid transition from traditional lighting to connected lighting solutions and increased adoption of PoE-based and solar lighting system are major opportunities for the commercial smart lighting market.
- Hardware offerings are expected to hold the largest share of the commercial smart lighting market during the forecast period.
- The increasing demand for energy-saving lighting systems is a key driving factor for the commercial smart lighting market for hardware offerings.
- By communication technology, the wired segment is estimated to continue to hold a larger share of the commercial smart lighting market during the forecast period.