The “North America Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The North America smart lighting market reached a value of $2.4 Billion in 2018. Looking forward, the market is projected to reach a value of $7.4 Billion by 2024, registering a CAGR of 19.6% from 2019-2024.
Smart lighting system is rapidly replacing traditional lighting solutions as it is economical, sustainable and draws lesser power. It is also accessible through smartphone applications, which makes it easy for the user to control. This lighting system has enabled real-time illumination monitoring, intelligent sensing and improvement in connected lighting technology. Further, the evolution of big data and the Internet of Things has improved the integration of smart lighting with other automated systems used in smart homes.
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