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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global smart lighting market report based on application, software and service, light source, communication technology, and type.
By type, the global smart lighting market is segmented into lighting control and fixtures smart bulbs.
By light source, the global smart lighting market is segmented into HD light source, fluorescent light source, LED light source, & another light source.
By communication technology, the global smart lighting market is segmented into wireless communication technologies and wired communication technologies. Of these, wired communication technologies will lead the market over the forecast period.
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Regional Analysis
Based on the region, the global smart lighting market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, Europe will have the lions share in the market over the forecast period. Stringent government regulations to limit the usage of inefficient lighting technologies, increasing use of LED lamps, the smart city development initiative, and the adoption of advanced technologies are adding to the global smart lighting market growth in the region.
The global smart lighting market in North America is predicted to have notable growth over the forecast period for the rising use of smart lighting systems as energy-efficient lighting solutions.
The global smart lighting market in the APAC region is predicted to have healthy growth over the forecast period. Increasing adoption as energy-efficient lighting solutions, low labor costs, abundant raw material supply, fall in the cost of LED lamps, supportive government initiatives, rising adoption of connected lamps, and increasing urbanization & industrialization are adding to the global smart lighting market growth in the region.
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