Covid-19 Impact on Smart Lighting Market 2020 By Analyzing the Performance of Various Competitors
Smart Lighting Global Market - Overview The global smart lighting market is expected to exhibit a strong 27% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global smart lighting market is expected to rise to USD 25 billion over the forecast period. Smart Lighting Market is mainly driven by the growing demand for smart city planning in urban centers in developed as well as developing countries. Smart lighting is often considered the gateway to smart city planning, as replacing all the lighting systems in a city with smart lighting systems is often a highly commendable and affordable step for city municipalities. The growing government support to smart city initiatives is likely to be a major driver for the global smart lighting market over the forecast period. Street lighting and lighting on public transportation systems is likely to be the first beneficiary of smart lighting systems, foll...