Oct 24, 2019   SOURCE: PR NewsWire

Global Smart Lighting Market Report 2019-2025: Overview, Focus on Key Players, Trends & Drivers, Market Perspective

DUBLIN, Oct. 24, 2019 /PRNewswire/ -- The "Smart Lighting - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

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The Smart Lighting market worldwide is projected to grow by US$19.1 Billion, driven by a compounded growth of 20.1%.

Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$12.3 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 22.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$633.9 Million to the region's size and clout in the next 5 to 6 years. Over US$882.3 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Hardware will reach a market size of US$871.2 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.2% over the next couple of years and add approximately US$3.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

    --  Acuity Brands Lighting Inc.
    --  Cree, Inc.
    --  Current, Powered by GE
    --  Eaton Corporation PLC
    --  Gooee Limited
    --  Hafele America Co.
    --  Honeywell International, Inc.
    --  Hubbell Lighting, Inc.
    --  Ketra Inc.
    --  Legrand Group
    --  Leviton Manufacturing Co., Inc.
    --  Lifi Labs, Inc.
    --  Lutron Electronics Co., Inc.
    --  Nualight Ltd.
    --  OSRAM GmbH
    --  Signify Holding
    --  Switchmate, Inc.
    --  SYSKA LED Lights Pvt., Ltd.
    --  Taolight Company Limited
    --  Virtual Extension Ltd.
    --  Wipro Consumer Care and Lighting
    --  Zumtobel Group AG

Key Topics Covered:

1. Market Overview

2. Focus On Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/tzz7uv

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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