Smart Lighting Market in Europe to Surge at 20% CAGR by 2024: GE, Schneider Electric, Hubbell Incorporated, Silver Spring Networks, Philips Lighting and Cree
The Europe Smart Lighting Market growth is primarily attributed to the increasing uptake of smart lighting solutions for facilitating the government initiatives to develop highly connected infrastructure for smart city networks across Europe. The Humble Lamppost project allows Europe to save a total of USD 2.46 billion yearly on electricity as around 60 to 90 million 25-year-old street lights have been replaced with more efficient LED devices. Philips raised its investments in the European LED market from USD 285 million...
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