The Global Smart Lighting Market Is Expected to Reach $17.7 Billion by 2022
According to a new market report published by Lucintel, the future of the smart lighting market looks promising with opportunities in the residential and commercial sectors. The global smart lighting market is expected to reach an estimated $17.7 billion by 2022 and is forecast to grow at a CAGR of 23.9% from 2017 to 2022. The major drivers of growth for this market are development of smart cities, increasing usage of wireless technology, and increasing awareness of energy saving.
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