Smart Lighting Market Analysis: Impact of Energy Regulations and Standards
The global smart lighting market was valued at USD 15.05 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030. The demand for smart lighting is fueled by its ability to connect with IoT devices, allowing users to create various lighting ambiances using smartphones or tablets. Smart lights can be dimmed to different color tones,...
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