Home › News Updates › Electronic Maker Mentions MarketsandMarkets as a Source for their Article on Smart Lighting Market

MarketsandMarkets was mentioned as a key reference in an article on smart lighting market published by Electronics Maker.

Smart lighting is an innovative technology that makes use of automated control system for controlling lights. It is fast gaining popularity, owing to its advantages over conventional lighting like energy-saving while increasing accessibility with ease of use. The value of the global market for smart lighting is estimated to reach $8.14 Billion by 2020, growing at a CAGR of 22.07%. This growth can be attributed to the huge demand for smart lighting systems, decreased prices of energy-efficient lighting technologies, and transition from conventional lighting to smart lighting, which is taking place at a fast pace.

For More Details:

https://electronicsmaker.com/smart-lighting-market-growth

Report mentioned in the above news is,

Smart Lighting Market by Connectivity Technologies (Wired & Wireless), End Users, Lighting Types (Fluorescent Lighting, LED Lamps, & Others), Components (Control & Communication, Luminaries & Fixtures), and Geography - Global Forecast to 2020

Press Release:

Smart Lighting Market worth 8.14 Billion USD by 2020

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