Global Voice-activated Lights market cagr 14.5%

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Voice-activated Lights Market

Voice-activated Lights Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Voice-activated Lights Market Size and Growth

The Voice-activated Lights market is expanding rapidly, driven by increasing consumer demand for smart home technology. Estimated at approximately $3 billion in 2023, the market is projected to grow significantly due to advancements in voice recognition and rising awareness of energy efficiency, fostering innovative product developments and wider adoption.

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Companies Covered

(Covid 19 Impact Covered)

◍ Cree

◍ Eaton

◍ Koninklijke Philips NV

◍ ABB Limited

◍ Wipro

◍ SSK Group

◍ TVILIGHT B.V.

◍ Digital Lumens

◍ Acuity Brands

◍ Bridgelux

◍ OSRAM Licht AG.

The voice-activated lights market features players like Cree, Eaton, and Koninklijke Philips, focusing on smart lighting solutions integrated with voice assistants. These companies drive market growth through innovation and partnerships. Sales revenues include:

- Philips: €7.2 billion (2022)

- Acuity Brands: $3.6 billion (2022)

- OSRAM: €3.5 billion (2022)

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Market Segmentation

By Application

Lamps and Lanterns Shop

Online shop

Others

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By Product

Wired

Wireless

Market Growth

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$ X Billion USD

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Global Voice-activated Lights market cagr 14.5% by ReportPrime - Issuu