Smart Lighting Market to Grow at 20 Percent CAGR from 2018 to 2024 - Energy Watch News


Smart Lighting Market to Grow at 20 Percent CAGR from 2018 to 2024


According to a recently released research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Smart Lighting Market will exceed US $24 billion by 2024. The smart lighting market growth is attributed to worldwide initiatives for smart city development and the growing popularity of home and building automation systems in residential, commercial, and industrial sectors. As the modernized smart city infrastructure offers intelligent connectivity among different components of the administrative framework such as transport, healthcare, and law & order, further initiatives for developing smart cities are likely to be undertaken aggressively around the world over the next one decade. https://www.gminsights.com/industry-analysis/smart-lighting-market

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