Mar 8, 2022
Smart Lighting Market Surge ExpectedResearch and Markets unveiled in their Smart Lighting Market research report that the global market is expected to surge from now until 2026. The expected uptick in smart lighting can be accredited to factors such as a worldwide rise in the demand for smart cities and homes, a growth in urban population and advancements in LED technology. Other highlights from the report indicate:
  • The smart lighting market is projected to witness a compound annual growth rate of 15.02% and reach nearly $21.8 billion by 2026.
  • Both China and India are making significant impacts in the market. For example, China has been developing close to 500 smart city projects.
The companies mentioned in this report include: Acuity Brands Lighting, Daintree Networks, General Electric, Honeywell International, Johnson Controls, Lutron Electronics, Osram, Philips, Svarochi and The Smart Lighting Company. Access the full report at www.researchandmarkets.com.