North America Smart Lighting Market PPT: Trends and Dynamics, Drivers,and Future Opportunities

North America Smart Lighting Market Research Report and Forecast 2022-2027

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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group

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Report Description and Highlights

Report Description

North America Smart Lighting Market Outlook 2027: According to the latest report by IMARC Group, titled " North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 022-2027 ," the North America smart lighting market reached a value of US$ 4.3 Billion in 2021.

Smart lighting involves the utilization of software, mobile applications and smart home assistant devices for controlling lighting systems. Along with this, it also includes the adoption of light-emitting diodes (LED) for energy-efficient lighting solutions. It is widely preferred as an alternative to conventional lighting systems, including halogens, incandescent bulbs and compact fluorescent lamps (CFLs).

These solutions offer personalized lights for occasions, enhanced security and convenience, and a longer lifespan. Also, they help in enhancing the aesthetic appearance of a space in a cost-efficient manner.

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Report Description and Highlights

Report Description

North America Smart Lighting Market Trends: The market in North America is primarily driven by an enhanced focus on sustainable development. In line with this, numerous government initiatives undertaken for the installation of energy-efficient street lighting solutions across the region are creating a positive outlook for the market growth.

Apart from this, the shifting lifestyle preferences and inflating disposable income levels of individuals are providing a boost to the market growth. Moreover, various technological advancements, including the increasing integration of artificial intelligence (AI) and the Internet of Things (IoT) technologies with lighting systems, are acting as a major growth-inducing factor. Furthermore, rising investments by private and public agencies in infrastructural development projects are positively influencing the market growth.

Other factors, including the rapid expansion of smart building projects and extensive research and development (R&D) activities conducted by key players for introducing improved product variants, are further expected to drive the market growth across North America.

Report Description and Highlights Report Description Market Summary: Breakup by Communication Technology: • Wired Technology • Wireless Technology Breakup by Installation Type: • New Installation • Retrofit Installation Breakup by Application: • Commercial • Residential • Public Infrastructure Breakup by Light Source: • LED Lamps • Fluorescent Lamps • Compact Fluorescent Lamps • High Intensity Discharge Lamps

Report Description and Highlights Report Description Breakup by Offering: • Hardware • Lights and Luminaires • Design and Engineering • Installation • Post-Installation Breakup by Region: • United States • Canada • Mexico On account of the aforementioned factors, the market is anticipated to reach a value of US$ 12.08 Billion by 2027, expanding at a CAGR of 19.10% during 2022-2027.

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Report Description and Highlights

Report Description

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