Smart Lighting Is Fastest Growing Segment Fueling The Growth Of Smart Light Or Lightning Control Market
Smart Light or Lightning Control Market.jpg The global Smart Light or Lightning Control Market is estimated to be valued at US$ 21.03 Bn in 2023 and is expected to exhibit a CAGR of 22.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Smart lights can be remotely controlled through smartphones or directly integrated into other home automation systems. They offer advantages such as energy saving, scheduling and automation capabilities. The demand for smart and energy efficient lights is increasing with growing concerns over energy consumption and carbon footprint. Market key trends: One of the key trends driving the growth of this market is the increasing adoption of IoT technologies. Integration of lighting solutions with IoT enables remote monitoring and control of lights from anywhere. This has resulted in the development of smart cities concept worldwide. Another major trend is the increasing demand ...