New research on the smart lighting market is now available from Research and Markets and available online. According to the "Smart Lighting Market by Offering, Connectivity, Technology, Lighting, Technology, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026" report, the global smart lighting market is estimated to reach $38.68 by 2026.
In 2019, North America dominated the market, contributing more 33% to the overall revenue total, followed by Europe. Emerging advancements in smart lighting; rapid adoptions of residential, commercial, and industry automation; and a rise in penetration of smart infrastructure are expected to continue to fuel the global growth of this market.
According to the report, recent years have witnessed fast adoption of Zigbee wireless technology in the IoT market. Most smart devices used for residential and commercial purposes are equipped with Zigbee technology, which offers consumers control over installed LED light bulbs, LED fixtures, switches, and remotes. In addition, benefits of reconfiguration, switching of individual lights as per the need of illumination, and other remote access features continues to drive the demand for digital addressable lighting interface (DALI) systems in large spaces.
Read the executive summary online for more details, and see purchasing options for this research study.
