Lucintel Forecasts Smart Lighting Smart Bulb Market To Reach $1.36 Billion By 2028

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According to the recent study the smart lighting smart bulb market is projected to reach an estimated $1.36 billion by 2028 from $0.85 billion in 2023, at a CAGR of 9.8% from 2023 to 2028. Growth in this market is primarily driven by increasing trend of smart cities and growing adoption for smart LEDs as they help in reducing energy consumption and saving cost.
A more than 150–page report is developed to understand trends, opportunities and forecast in smart lighting smart bulb market by technology (wired and wireless), installation type (new installation and retrofit), application (indoor and outdoor), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link
https://www.lucintel.com/smart-lighting-smart-bulb-market.aspx

“Wireless market is expected to remain the largest segment during the forecast period.”
Based on technology, the smart lighting smart bulb market is segmented into wired and wireless. Lucintel forecasts that the wireless market is expected to remain the largest segment due to the increasing demand for ...
... affordable smart light bulbs along with innovative features, which can be used from anywhere and at any time.
“Within the smart lighting smart bulb market, the indoor segment is expected to remain the largest application.”
Based on application the indoor segment is expected to witness the highest growth over the forecast period due to increasing demand for these smart lights for commercial and residential spaces.
“Asia pacific will dominate the smart lighting smart bulb market in near future.”
APAC is expected to witness higher growth over the forecast period due to the increasing consumer and commercial usage of smart home solutions in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/smart-lighting-smart-bulb-market.aspx.
Major players of smart lighting smart bulb market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. General Electric, iLumi solutions, OSRAM, Sengled, and Cree are among the major smart lighting smart bulb providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-lighting-smart-bulb-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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