Smart Lighting Market size to grow by USD 17.20 billion from 2022 to 2027

News Snapshot:

NEW YORK, Oct. 3, 2023 /PRNewswire/ — The smart lighting market is expected to grow by USD 17.20 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 16.88% during the forecast period. The market is segmented by application (commercial, residential, public infrastructure, and others), component (hardware, software, and services), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The emergence of smart lighting is a key factor driving market growth. Smart lighting can optimize its use of power by controlling lights, heating, and air conditioning as well...