North American Smart Lighting Market Projected to Exceed $6 Billion - Energy Watch News


North American Smart Lighting Market Projected to Exceed $6 Billion

According to a new growth forecast report by Graphical Research, the North American smart lighting market is expected to surpass $6 billion by 2024. Market growth is attributed to a growing emphasis on replacing conventional lighting systems with energy-efficient smart lighting solutions in the U.S. and Canada. Between 2018 and 2024, the technology market is expected to register a robust growth with a CAGR of around 30%. The increased integration of wireless communication technologies—including Bluetooth, Wi-Fi and Zigbee—into smart lighting solutions is aiding the consistent growth of the technology market in the region. https://www.graphicalresearch.com/industry-insights/1024/north-america-smart-lighting-market

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