The global smart lighting market size is expected to generate revenues of $8.68 billion in 2018, and is expected to reach $38.48 billion by 2026 to register a 20% CAGR over the forecast period. Smart lighting is designed to manage brightness remotely. It includes high-efficiency equipment that ensures energy efficiency and can be automatically controlled and adjusted according to conditions such as occupancy and exterior lighting. Lighting is the intentional use of light to add a practical and aesthetic effect to a space. In addition, these systems include general, accent and task lighting. In addition to this, the smart lighting system ensures low energy use and high-cost savings.
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Smart Lighting Market Segments:
By Offering
• Hardware
• Software
By Connectivity Technology
• Bluetooth
• Zigbee
• WiFi
• DALI
By Lighting Technology
• LED
• Halogen
• Incandescent
• Fluorescent
• CFL
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