Smart Lighting Market size forecast to reach USD 8.5 billion by 2023

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Smart lighting market size forecast to reach USD
8.5 billion by 2023, at a CAGR of over 22 from
2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Smart Lighting Market

• China is expected to be the most attractive
  region on account of growing product adoption,
  and is likely to account for substantial revenue
  share.
• Europe is forecast to continue its prominence
  over the timeframe. Existence of large number of
  industries is predicted to propel regional demand.

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Application Analysis of Smart Lighting Market

• Applications are area specific and operation
  involves calculation and management of lighting
  requirement in a particular area. Lighting
  wastages can be effectively tackled by
  implementation of these products. In addition,
  the capability to allow users to optimize the
  excessive usage of their resources is predicted
  to favor smart lighting market forecast.
• These systems involves usage of intelligent
  lighting control and are capable of controlling
  light based on numerous parameters such as color
  temperature, movement, occupancy and amount of
  natural light.
• They are integrated with electronic control
  systems that aids in substantially reducing
  energy consumption rate.

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Competitive Market Share of Smart Lighting
Market

• Industry participants accumulating substantial
  global smart lighting market share include
  Philips, Osram, Acuity Brands, Schneider
  Electric, General Electric Company.
• Other notable players include Tvilight,
  Bridgelux, Daintree Networks, Cree, Digital
  Lumens, SELC Ireland, General Electric Company,
  Echelon Corporation, Helvar, Zumtobel Group and
  Hubbell.

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Browse Full Market Research Report On Smart
Lighting Market _at_ http//goo.gl/PsYx5O Request
for an in-depth table of contents for this
report _at_ https//www.gminsights.com/request-toc/up
coming/413
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