Global Smart LED Lighting Market Growth (Status and Outlook) 2023-2029

Global Smart LED Lighting Market Growth (Status and Outlook) 2023-2029

Smart lighting is a lighting technology designed for energy efficiency. This may include high efficiency fixtures and automated controls that make adjustments based on conditions such as occupancy or daylight availability.

LPI (LP Information)' newest research report, the “Smart LED Lighting Industry Forecast” looks at past sales and reviews total world Smart LED Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart LED Lighting sales for 2023 through 2029. With Smart LED Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart LED Lighting industry.

This Insight Report provides a comprehensive analysis of the global Smart LED Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart LED Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart LED Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart LED Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart LED Lighting.

The global Smart LED Lighting market size is projected to grow from US$ 6775.9 million in 2022 to US$ 19120 million in 2029; it is expected to grow at a CAGR of 16.0% from 2023 to 2029.

Rising awareness regarding the technologies such as wireless optical networking data transmission, light fidelity, and Internet of Things (IoT) is expected positively impact the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart LED Lighting market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Wired
Wireless

Segmentation by application
Hybrid
Dali
WiFi
Bluetooth
Zigbee

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cree Inc.
Eaton Corporation
Koninklijke Philips NV
ABB Limited
Wipro Limited
SSK Group
TVILIGHT B.V.
Digital Lumens, Inc.
Acuity Brands Inc.
Bridgelux, Inc.
OSRAM Licht AG

Please note: The report will take approximately 2 business days to prepare and deliver.