Smart Lighting Market Analysis, Trends, and Forecasts, 2025 - Global Market is Projected to Grow by $19.1 Billion - ResearchAndMarkets.com

DUBLIN--()--The "Smart Lighting - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The Smart Lighting market worldwide is projected to grow by US$19.1 Billion, driven by a compounded growth of 20.1%

Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$12.3 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 22.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$633.9 Million to the region's size and clout in the next 5 to 6 years. Over US$882.3 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Hardware will reach a market size of US$871.2 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.2% over the next couple of years and add approximately US$3.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Acuity Brands Lighting Inc.
  • Cree, Inc.
  • Current, Powered by GE
  • Eaton Corporation PLC
  • Gooee Limited
  • Hafele America Co.
  • Honeywell International, Inc.
  • Hubbell Lighting, Inc.
  • Ketra Inc.
  • Legrand Group
  • Leviton Manufacturing Co., Inc.
  • Lifi Labs, Inc.
  • Lutron Electronics Co., Inc.
  • Nualight Ltd.
  • OSRAM GmbH
  • Signify Holding
  • Switchmate, Inc.
  • SYSKA LED Lights Pvt., Ltd.
  • Taolight Company Limited
  • Virtual Extension Ltd.
  • Wipro Consumer Care and Lighting
  • Zumtobel Group AG

Key Topics Covered:

1. Market Overview

2. Focus On Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/semtyo

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900