{"id":171928,"date":"2021-11-18T11:03:00","date_gmt":"2021-11-18T11:03:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2954120"},"modified":"2021-11-18T11:03:00","modified_gmt":"2021-11-18T11:03:00","slug":"smart-lighting-market-research-report-market-share-size-trends-forecast-and-analysis-of-key-players-2021-2026","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2021\/11\/18\/smart-lighting-market-research-report-market-share-size-trends-forecast-and-analysis-of-key-players-2021-2026\/","title":{"rendered":"Smart Lighting Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2021-2026"},"content":{"rendered":"

According to IMARC Group’s latest report, titled “Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026<\/strong>”, the global smart lighting market reached a value of US$ 10.8 Billion<\/strong><\/a> in 2020. Smart-lighting refers to a technology that enables efficient use of light resources with power-saving fixtures and offers automated controls. Smart-lighting products are mainly comprised of a wall keypad and touchscreen panel. The lightings can also be operated through a smartphone, tab, or laptop. Owing to these attributes, smart lighting system finds widespread application in commercial, industrial and residential sectors.<\/p>\n

\"Smart<\/p>\n

Request for a PDF sample of this report:<\/strong> <\/strong>https:\/\/www.imarcgroup.com\/smart-lighting-market\/requestsample<\/a><\/strong><\/p>\n

Consistently rising energy consumption, along with the growing demand for electricity across the globe, is primarily driving the market growth. Furthermore, consumers are also increasingly adopting smart lighting products due to their cost efficiency and remote accessibility through smartphones and voice-command features, which in turn is providing a positive outlook to the market. Besides this, Smart lighting serves as an essential tool in smart-city development since a significant number of public lamps run on high-intensity bulbs that use mercury and other material to operate, having detrimental effects on the environment. To combat this, governments across countries have started to equip existing tunnels, roads, and public areas with smart lighting equipment that works according to the occupancy and traffic on the road. All the above-mentioned factors are expected to further bolster the market growth in the coming years. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.<\/p>\n

As the novel coronavirus (COVID-19<\/strong>) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.<\/p>\n

Competitive Landscape with Key Players<\/strong>:<\/strong><\/p>\n