Global Smart Lighting Market to Reach USD 61.64 Billion by 2030 at 21.4% CAGR
Global Smart Lighting Market Set for Rapid Expansion Driven by Energy Efficiency and Smart City Development Smart Lighting Market Shows Strong Growth Momentum The Global Smart Lighting Market is witnessing remarkable momentum as advanced lighting technologies become a critical component of modern infrastructure. Valued at USD 15.86 Billion in 2023, the market is expected to grow at an impressive CAGR of 21.4% from 2024 to 2030, reaching nearly USD 61.64 Billion by the end of the forecast period. This rapid growth reflects the increasing global emphasis on energy efficiency, intelligent building solutions, and connected living environments. Smart lighting systems are redefining traditional illumination by integrating wireless and wired connectivity, intelligent sensors, automation software, and data analytics. These systems allow users to remotely control lighting intensity, color, and scheduling, enhancing convenience while reducing energy consumption across residenti...