- Global Smart Cities to accelerate growth for smart commercial lighting market
- Smart CFL and LED lighting lamps to replace traditional lightings
- Smart commercial lighting market estimated to grow at 20.8% CAGR during 2016-2022
BENGALURU, India – February 22, 2016 – Infoholic Research LLP, a global ICT market research and consulting organization, recently published a study titled “Smart Commercial Lighting Market: Trends & Forecasts: 2016-2022”. Infoholic predicts that the intelligent LED lighting lamps will dominate the smart commercial lighting market in coming years and it is estimated to reach $ 48.12 billion by 2022.
“In next few years, smart commercial market is going to witness double digit growth in developing economies of Asia-Pacific, Middle East and Africa (MEA). Increase in infrastructure spending and government push are few factors that will support the growth of market in these economies,” said Komal Sharma, Research Analyst at Infoholic Research.
This multi-billion smart commercial lighting market will see a significant growth in the coming years due to the growing number of global smart cities and growing awareness regarding energy efficient lighting solutions. The ZigBee and Wi-Fi network technologies will continue to be preferred technologies in the smart commercial lighting market. “The smart commercial lighting market is a highly competitive market and itis expected to grow at a CAGR of 20.8% during the period 2016-2022,” according to Infoholic Research.
“Globally, retail and healthcare will be the leading industry verticals which will be spending a lot in the smart commercial lighting market. Smart CFL and LED lighting lamps will slowly replace the global outdoor lighting such as street lighting and sports stadiums in coming years,” said Tariq Shaik from Research Operations of Infoholic Research.
The report aims to highlight key insights from vendors and end users. It provides an in-depth analysis and forecast about the industry covering the following key features:
- Connectivity Technologies, Lighting Lamps, Network Components and Industry Applications.
- The market is divided into four regions: Americas, Europe, Asia-Pacific, and Middle East & Africa (MEA).
- Competitive benchmarking analysis to optimize short term and long term strategy of the organizations.
- Stakeholders’ insights and key trends (current and future) of the market.
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About Infoholic Research
Infoholic Research is a global ICT market research and consulting organization providing strategic and high-level market intelligence in emerging and niche technologies. Founded in 2014, we are headquartered in India with an office in the U.S.A. and with consultants working across the globe. Our market analysis powered by rigorous methodology and quality metrics provides information and forecast across all the emerging markets, technologies and business models. We aim at delivering high quality results to our clients providing them with in-depth industry insights to identify new business opportunities and nurture their business strategies. For more information, please visit www.infoholicresearch.com