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APAC Is the Dominating Smart Light Fixture and Control Market
The smart light fixture and control market was valued at $52,047 million in 2021, and it is set to reach $152,029 million by 2030, growing at a CAGR of 12.6% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. This growth can be ascribed to the dropping of average retailing price of LED bulbs credited to the growing production efficiency and reduced material prices.
Furthermore, the emerging problem of the energy crisis is forcing governments and people to shift toward smart lights, which can reduce the consumption of electricity.
The smart lighting industry is already popular in developed countries and is projected to grow significantly in developing countries also in the years to come. As the government has taken several initiatives to encourage the use of smart lights to reduce energy consumption.
Read More: https://www.psmarketresearch.com/market-analysis/smart-light-fixture-and-control-market
The smart light fixture and control market was valued at $52,047 million in 2021, and it is set to reach $152,029 million by 2030, growing at a CAGR of 12.6% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. This growth can be ascribed to the dropping of average retailing price of LED bulbs credited to the growing production efficiency and reduced material prices.
Furthermore, the emerging problem of the energy crisis is forcing governments and people to shift toward smart lights, which can reduce the consumption of electricity.
The smart lighting industry is already popular in developed countries and is projected to grow significantly in developing countries also in the years to come. As the government has taken several initiatives to encourage the use of smart lights to reduce energy consumption.
Read More: https://www.psmarketresearch.com/market-analysis/smart-light-fixture-and-control-market
APAC Is the Dominating Smart Light Fixture and Control Market
The smart light fixture and control market was valued at $52,047 million in 2021, and it is set to reach $152,029 million by 2030, growing at a CAGR of 12.6% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. This growth can be ascribed to the dropping of average retailing price of LED bulbs credited to the growing production efficiency and reduced material prices.
Furthermore, the emerging problem of the energy crisis is forcing governments and people to shift toward smart lights, which can reduce the consumption of electricity.
The smart lighting industry is already popular in developed countries and is projected to grow significantly in developing countries also in the years to come. As the government has taken several initiatives to encourage the use of smart lights to reduce energy consumption.
Read More: https://www.psmarketresearch.com/market-analysis/smart-light-fixture-and-control-market
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