The Business Research Company’s latest report Smart Lighting Global Market Report 2020 covers Smart Lighting market drivers, Smart Lighting market trends, Smart Lighting market segments, Smart Lighting market growth rate, Smart Lighting market major players, and Smart Lighting market size. The report provides in-depth analysis of the impact of COVID-19 on the Smart Lighting industry, along with revised market numbers due to the effects of the coronavirus.
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Smart Lighting Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global smart lighting market is expected to grow from $11.03 billion in 2019 and to $11.40 billion in 2020 at a growth rate of 3.36%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $18.58 billion in 2023 at CAGR of 17.69%.
The report covers the Smart Lighting market’s segments-
1) By Product: Smart Bulbs, Fixtures, Lighting Controls.
2) By Application: Commercial, Government, Residential, Others.
3) By Light Source: LED, HID, Others.
4) By Communication Technology: Wired, Wireless.
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