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Global Smart Lighting Market Industrial Insights, Growth, Future Trends, Geographic Analysis to 2023

Market Research Future published a research report on “Smart Lighting Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Get Complete Report @ https://www.marketresearchfuture.com/reports/global-smart-lighting-market-960

Global Smart Lighting Market Industrial Insights, Growth, Future Trends, Geographic Analysis to

Smart Lighting Market Research Report - Global Forecast to 2023 Market Research Future published a research report on “Smart Lighting Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Scenario Major giants like Philips Lighting (Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany) and Honeywell International (U.S.) are concentrating on the smart lighting market due to increasing development of smart cities and growing need for energy efficient solutions for the same. Philips Lighting has come up with new solutions for smart lighting by embedding ZigBee communication chips inside the LED ceiling lights and luminaries which will help in reducing the energy consumption by controlling the lighting in an intelligent manner. Increasing demand for smart lighting solutions is one major factor driving the growth of smart lighting market. Cost effectiveness is another major factor responsible for fueling the growth of smart lighting market. Europe region holds the largest market share of global Smart Lighting Market followed by North America and Asia Pacific regions. The growth is Europe region is mainly dominated by France, UK and Germany and is attributed to the increasing demand for energy efficient solutions in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. Also the shifted focus to connected homes is one major factor responsible for driving the growth of smart lighting market in North America region. Get Sample of Report @ https://www.marketresearchfuture.com/sample_reques t/960 Smart lighting market has been segmented on the basis of component, product type, light source, communication technology and application. The light source segment is bifurcated into Light emitting diode (LED, fluorescent lamp (FL) and high intensity discharge lamps (HID). Out of which, the LED light source sub segment is expected to grow at the highest arte during the forecast period. The growth is attributed to the factors like low power consumption rate and also lower maintenance costs compared to other light source types.

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