Market Insights
According to Market Research Future, the global Smart Lighting Market is set to grow at an astounding CAGR of 27% during the forecast period of 2017 to 2027. With advancing technology and a growing, growing population, energy efficiency has become highly relevant and important. With cities around the world moving toward smart city infrastructure the market is expected witness exponential growth and reach an estimated evaluation of USD 25 Bn by the end of 2027.
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Increasing awareness and concern for the environment have resulted in both consumers and government bodies increased demand for smart lighting. The energy efficiency benefits that smart lighting offers lend itself to cost efficiency as well, thus increasing demand. Growing investments in smart homes and smart cities combined with rapidly advancing wireless communication have augmented the market further. Initial installation costs are high, and there is a lack of skilled professionals; this is expected to hamper market growth. However ongoing development and advancements of smart technology will provide avenues for growth over the assessment period.
Market Segmentation
The global smart lighting market has been segmented on the basis of type, light source, communication technology, application, and region. By type, the market is segmented into lighting control, fixtures, and smart bulbs.
By light source, the market is segmented into HID light source, fluorescent light source, and light source.
By communication technology, the market is segmented into wired and wireless.
By application, the market is divided into outdoor, and indoor.
The global division of the smart lighting market includes North America, Europe, Asia Pacific and the Rest of the World.
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Regional Analysis
The European region is the leader of the global smart lighting market with the most significant share of the total market. The region is expected to retain its leadership position over the review period due to the increased adoption of smart lighting systems and the presence of favorable government policies which augments the regional markets growth. Europe is closely followed by North America which displays a similar growth pattern. Both regions are technologically advanced and are making progress toward energy efficiency.
Meanwhile, the Asia Pacific is the fastest growing market across the globe due to the increased development of smart cities in emerging markets in the region. Moreover, comparatively cheap labor and reduced operating costs are drawing international players attention. The region also has abundant availability of raw materials used to produce smart lighting systems. The potential for growth available in the APAC region is expected to facilitate significant market growth over the forecast period.
Key Players
The competitive landscape of the global smart lighting market includes various prominent players. Collaboration, research and development, and product launches are some of the effective market strategies implemented by market players. Market leading players in the report include Lutron Electronics Co. Inc., Honeywell, Echelon Corporation, Daintree Networks, Koninklijke Philips N.V., Streetlight Vision, Osram GmbH, Bridgelux, Zumtobel, and Legrand S.A. to name a few.
Latest Industry News
- ABB has partnered with Signify to launch a new range smart light switches to go with smart lighting systems from Signify and offer seamless integration by using Philips Hue, a lighting
- The Sunshine Coast Council of Australia has commisioned Telensa to install its PLANet intelligent street lighting system. The 24-month long project will see the region adopting smart lighting for environmental, financial and social benefits.
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Market InsightsAccording to Market Research Future, the global smart lighting market is set to grow at an astounding CAGR of 27% during the forecast period of 2020 to 2027.
With advancing technology and a growing, growing population, energy efficiency has become highly relevant and important.
However ongoing development and advancements of smart technology will provide avenues for growth over the assessment period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/991Market SegmentationThe global smart lighting market has been segmented on the basis of type, light source, communication technology, application, and region.
By type, the market is segmented into lighting control, fixtures, and smart bulbs.By light source, the market is segmented into HID light source, fluorescent light source, and light source.By communication technology, the market is segmented into wired and wireless.By application, the market is divided into outdoor, and indoor.The global division of the smart lighting market includes North America, Europe, Asia Pacific and the Rest of the World.Regional AnalysisThe European region is the leader of the global smart lighting market with the most significant share of the total market.
The region is expected to retain its leadership position over the review period due to the increased adoption of smart lighting systems and the presence of favorable government policies which augments the regional markets growth.
Both regions are technologically advanced and are making progress toward energy efficiency.Meanwhile, the Asia Pacific is the fastest growing market across the globe due to the increased development of smart cities in emerging markets in the region.
Market HighlightsThe global smart lighting market is set to grow at an astounding CAGR of 27% during the forecast period of 2017 to 2027.
With advancing technology and a growing, growing population, energy efficiency has become highly relevant and important.
By type, the market is segmented into lighting control, fixtures, and smart bulbs.By light source, the market is segmented into HID light source, fluorescent light source, and light source.By communication technology, the market is segmented into wired and wireless.By application, the market is divided into outdoor, and indoor.The global division of the smart lighting market includes North America, Europe, Asia Pacific and the Rest of the World.Regional Analysis:The European region is the leader of the global smart lighting market with the most significant share of the total market.
The region is expected to retain its leadership position over the review period due to the increased adoption of smart lighting systems and the presence of favorable government policies which augments the regional markets growth.
Both regions are technologically advanced and are making progress toward energy efficiency.Meanwhile, the Asia Pacific is the fastest growing market across the globe due to the increased development of smart cities in emerging markets in the region.
Moreover, comparatively cheap labor and reduced operating costs are drawing international players attention.
OverviewThe Influencer Marketing Software Market is projected to grow at a CAGR of 8.2% during the forecast period.
As per the Influencer Marketing Software Market research report, the global market for influencer marketing is projected to grow swiftly by US$2.85 billion by 2025.
According to analysts, the rise of social media influencers as well as the growing number of social networking sites will drive the market growth during the forecast period.
The Influencer Marketing Software Market research report provides an extensive understanding of the Influencer Marketing Software Market based on the information and forecasts till 2025.Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for influencer marketing are predominantly covered in the global Influencer Marketing Software Market research report.
Furthermore, the global Influencer Marketing Software Market report offers an all-inclusive analysis of the market collected from the Influencer Marketing Software Market’s primary and secondary sources covering both decision makers and thought leaders.
The Influencer Marketing Software Market research report highlights such key areas assisting businesses operating in the Influencer Marketing Software Market to build better growth strategies.Complete Report Details @ https://www.marketresearchfuture.com/reports/influencer-marketing-market-8408Industry NewsRockitBoost announced the introduction of a low cost, easy to use marketing platform for influencers, brands and agencies.
An 8.67% CAGR is predicted for the global market in the upcoming forecast period.The elevated use of passport readers at the hotels, airport terminals, and car rental service stations is projected to transform the development of the passport reader industry.
The interoperability of the infrastructure for international travel is projected to boost the global passport reader market in the impending period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5929 Competitive Outlook: The notable players in the passport reader market are Regula Forensics Inc., IER Inc., Beijing Wintone Science Technology, DESKO GmbH, Gemalto N.V, ARH INC, Access Limited, Lintech Enterprises Limited, and IDAC Solutions Pvt.
The type of basis of segmenting the passport reader market consists of a self-service kiosk, swipe readers, compact full page reader, and others.
Regional Analysis:The regional examination of the passport reader market consists of the Asia Pacific, North America, Europe, and the rest of the world.
Additionally, the budding focus of several Asian Pacific government to progress smart cities projects is advancing the passport reader market along with the growth in the setting up of automatic gate systems at airports.
This pandemic situation has hampered the Passport Reader Market Growth as well as its productivity, supply chain, and others.
