Smart Commercial Lighting Market to Reach US$48 Billion by 2022

June 1, 2018

Smart commercial lighting will grow significantly in the coming years due to the increasing number of global smart cities and awareness of energy efficient lighting solutions, concludes a market study, concludes a market study conducted by Market Research Engine. The ZigBee and Wi-Fi network technologies will continue to be preferred technologies in the smart commercial lighting market.

The report highlights key insights from vendors and end users, and provides an analysis and forecast of the industry covering the following key features: connectivity technologies, lighting lamps, network components and industry applications.

“In coming years, smart commercial market is going to witness double digit growth in developing economies of Asia-Pacific, Middle East and Africa (MEA). Increase infrastructure spending and government push are few factors supporting the growth of market in these economies,” says the study.

“Globally, retail and healthcare will be the leading industry verticals which will be spending a lot in the smart commercial lighting market. Smart CFL and LED lighting lamps will slowly replace the global outdoor lighting such as street lighting and sports stadiums in coming years.”

Find out more: https://www.marketresearchengine.com/requestsample/smart-commercial-lighting-market.

Photo source: LG Electronics

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