Global Smart Lighting Market Overview
Smart light technology is trending profusely, garnering significant popularity in businesses and homes worldwide. With its enhanced versatility and minimal energy conservation, smart lighting systems allow users to customize illumination based on their personal needs.
Smart lighting technology offers easy, convenient operation, efficiency, and security working with effective automated controls that change depending on different conditions. Owing to its advantages such as reduced energy usage, enhanced security, long life span, easy customization, smart lighting systems are garnering significant market prominence. Subsequently, the smart lighting market is garnering significant traction worldwide.
According to Market Research Future, the global smart lighting market size is expected to touch approximately USD 25 billion by 2027, growing at a 27% CAGR during the forecast period (2017-2027).