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Europe Smart Lighting Market size to gain substantial revenues by 2024

Author : Ronak Bora | Published Date : 2020-11-20 

The research report on Europe Smart Lighting Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors.

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https://www.graphicalresearch.com/request/1023/sample

As per the report, Europe smart lighting market was over USD 2 billion in 2017 and is expected to exhibit a robust growth between 2018 and 2024 at a CAGR of around 20%. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the Europe smart lighting industry is characterized by. The Europe smart lighting market, as per given report, is fragmented on basis of regions, and competitive landscape.

The commercial lighting segment held a majority share of around 40% in the Europe smart lighting market for indoor lighting applications in 2017. The growth of the market is driven by the growing demand for energy-efficient lighting solutions to reduce the energy consumption cost. The governments across European countries are restricting the use of low energy-efficient lighting solutions, such as incandescent and halogen lamps, in the commercial sector. The residential lighting market is projected to exhibit a robust growth at a CAGR of around 20% between 2018 and 2024. The growing awareness regarding the cost-benefits of energy-efficient LED lighting products in the residential sector is expected to fuel the market growth during the forecast period.

 The overall Europe smart lighting industry is diversified into various regions and economies including Europe and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

Taking into account the competitive landscape, Europe smart lighting industry is highly consolidated and boasts of presence of companies like GE Lighting, Schneider Electric, Hubbell, Silver Spring Networks, Philips Lighting, Cooper Industries (Eaton), Acuity Brands, Bridgelux, Tvilight, Zumtobel, and Cree. other industry participants. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

Table of content:

Chapter 3.Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2017

 

Request for an in-depth table of contents for this report @

https://www.graphicalresearch.com/table-of-content/1023/europe-smart-lighting-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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