Top 10 Companies in Smart Lighting Focus on Innovation - Energy Watch News


Top 10 Companies in Smart Lighting Focus on Innovation

The top 10 companies in the market occupied 52.26% of the market share in the global smart lighting market. Major players in the smart lighting system market include Schneider Electric SA, Cisco Systems Inc., Honeywell Inc., Signify Holding (Philips), and Eaton. The global smart lighting market reached a value of nearly $11.06 billion in 2020, having increased at a compound annual growth rate (CAGR) of 12.1% since 2015. The market is expected to grow from $11.06 billion in 2020 to $22.57 billion in 2025 at a rate of 15.3%. The smart lighting market growth is then expected to be at a CAGR of 14.3% from 2025 and reach $43.97 billion in 2030. The Business Research Company’s report titled Smart Lighting Global Market Report 2021: COVID-19 Implications And Growth To 2030 covers major smart lighting companies, smart lighting market share by company, smart lighting manufacturers, smart lighting market size, and smart lighting market forecasts. The report also covers the global smart lighting market and its segments. Global Smart Lighting Market Data And Industry Growth Analysis Sample (thebusinessresearchcompany.com)

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