The Smart Lighting Market report by Allied Market Research, includes the study of dynamic factors that directly impact the market growth, which involves drivers, restraints, challenges, and opportunities. The report offers a detailed study of market players and their business strategies to aid shareholders, new business entrants, and stakeholders make informed decisions regarding their investments.
A new report published by Allied Market Research, titled, ” Smart Lighting Market by offering, connectivity technology, lighting technology, application, and industrial vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,” projects that the global smart lighting market size is estimated to reach $38.68 billion by 2026. In 2019, North America dominated the market, contributing more than a 33% share of the overall revenue, followed by Europe. Emerging advancements in smart lighting; rapid adoption of residential, commercial, and industrial automation; and rise in penetration of smart infrastructure fuel the global smart lighting market growth.
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The global Smart Lighting Market study covers an in-depth analysis of the market on the basis of several important parameters such as market size, sales, sales analysis, and driving factors. Furthermore, the report includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products which offers a fair idea about the current market state and the possible future opportunities.
The global Smart Lighting Market report covers the analysis of marketing channels, downstream customer surveys, upstream raw materials, and the latest industry development trends. This analysis provides a piece of essential information regarding raw material suppliers, manufacturing equipment suppliers, prime customers, and major distributors.
Key benefits for stakeholders
- The study provides in-depth analysis of the global Smart Lighting Market share along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- An extensive analysis of the key segments of the industry helps to understand the global Smart Lighting Market trends.
- The quantitative analysis of the global Smart Lighting Market from 2020 to 2026 is provided to determine the market potential.
The report is segmented into type, application, and end user. The report outlines the highest-grossing segment and fastest-growing segment which offers an understanding of lucrative opportunities in the market. The Smart Lighting Market study offers a detailed study of the past and current market trends as well as future opportunities. The report offers the study of the market trends and upcoming opportunities that help comprehend the driving factors of the industry. Furthermore, the study provides granular, robust, and qualitative data.
The Smart Lighting Market report covers a detailed analysis of the major market players that are currently active in the market. These players are Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V. and Syska.
The study of these companies covers the company overview, price analysis, value chain, and portfolio analysis of services and products. These market players have adopted various strategies such as new product launches, partnerships, joint ventures, and mergers & acquisitions to maintain their Smart Lighting Market position.
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CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key Forces Shaping Smart Lighting Market
3.2.1. Moderate bargaining power of suppliers
3.2.2. High threat of new entrants
3.2.3. Moderate threat of substitutes
3.2.4. Moderate intensity of rivalry
3.2.5. Moderate bargaining power of buyers
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Growing demand of street lighting system
3.3.1.2. Increasing need for energy-efficient lighting system
3.3.1.3. High penetration of LED bulbs and lightnings globally
3.3.2. Restraints
3.3.2.1. High installation and maintenance cost in smart lightning system
3.3.3. Opportunities
3.3.3.1. Emergence of IoT & AI technology for Smart Lightning
3.3.3.2. Growing developments in smart city projects, especially in APAC
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