Lucintel Forecasts The Global Smart Lighting Market To Reach $60 Billion By 2035

By Author: Lucintel LLC
Total Articles: 7699
Comment this article

According to a market report by Lucintel, the future of the global smart lighting market looks promising with opportunities in the indoor lighting and outdoor lighting markets. The global smart lighting market is expected to reach an estimated $60 billion by 2035 with a CAGR of 12% from 2026 to 2035. The major drivers for this market are the increasing demand for energy saving lighting solutions, the rising adoption of iot in lighting systems, and the growing demand for wireless & connected lighting.
A more than 150-page report to understand trends, opportunity and forecast in global smart lighting market to 2035 by type (smart bulbs, fixtures, and control system), light source (light emitting diode, fluorescent lamps, and high-intensity discharge lamps), technology (wired and wireless), application (indoor lighting and outdoor lighting), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, control system is expected to witness the highest growth over the forecast period due to rising adoption of centralized lighting automation systems.
...
... Within the application category, indoor lighting is expected to witness higher growth due to increasing demand for energy efficient indoor environments.
Download sample by clicking on smart lighting market.
In terms of regions, APAC is expected to witness the highest growth over the forecast period due to rapid urbanization and smart infrastructure development.
PTC, Zumtobel Group, CREE Inc, AMS, Signify N.V., Savant Systems, Inc. are the major suppliers in the smart lighting market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
CCLD Adapter Market
Cefotaxime Sodium API Market
Charge Adapter Market
Circulating Tumor Cell and Cancer Stem Cell Market
Clock Buffer Market