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Key Drivers, Trends, and Forecast for 2024-2033

Key Drivers, Trends, and Forecast for 2024-2033

Posted on November 25, 2024 By NewsEditor

Key Drivers, Trends, and Forecast for 2024-2033

Smart LED Bulbs Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!

The smart led bulbs market size is expected to see rapid growth in the next few years. It will grow to $34.57 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. ”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, November 22, 2024 /EINPresswire.com/ — The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!

The smart LED bulbs market has grown exponentially, from $13.8 billion in 2023 to $17.2 billion in 2024 at a CAGR of 24.6%. This growth is attributed to energy efficiency, home automation, environmental sustainability, and the decreasing cost of LED technology.

What Are the Forecasts in the Global Smart LED Bulbs Market Size for Market Growth and Annual Expansion?
The smart LED bulbs market is forecast to grow rapidly, reaching $34.57 billion by 2028 with a CAGR of 19.1%. Growth drivers include voice assistant integration, smart lighting expansion, and energy efficiency initiatives. Trends include human-centric lighting, sensor integration, and Bluetooth mesh networking.

Get Detailed Insights into the Global Smart LED Bulbs Market with Our Sample Report:

What Are The Key Growth Drivers In The Smart LED Bulbs Market?
The development of smart cities is fueling the growth of the smart LED bulb market. As smart cities emerge, LED lighting networks will play a key role in lighting solutions, contributing to the growth of this market.

Pre-book the report for a swift delivery:

Who are the Key Industry Players Stepping Up in the Smart LED Bulbs Market?
Major companies operating in the market report are General Electric Company, Panasonic Corporation, LG Electronics Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd, Eaton Corporation plc, Koninklijke Philips N.V., Wipro Enterprises Ltd, Legrand S.A.

What Trends Are Shaping The Growth Of The Smart LED Bulbs Market Size?
Wi-Fi-enabled LED bulbs are a popular trend in the smart LED bulbs industry, with brands like Lifx competing with Philips by offering brighter, longer-lasting lights that are ideal for use near security cameras.

What Are the Different Segments of the Global Smart LED Bulbs Market?
1) By Technology: Wired Technology, Wireless Technology
2) By Installation Type: New Installation, Retrofit
3) By Application: Indoor Lighting, Outdoor Lighting

Geographical Insights: Asia-Pacific Leading The Smart LED Bulbs Market
Asia-Pacific was the largest region in the smart LED bulbs global market in 2023. Western Europe was the second-largest region in the market share. The regions covered in the smart led bulbs report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is The Definition Of The Smart LED Bulbs Market?
A smart bulb is an LED light that connects to the internet, allowing users to remotely control, customize, and schedule lighting.

The Smart LED Bulbs Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Overview of the Global Smart LED Bulbs Market Report: Trends, Opportunities, Strategies, and More
The Smart LED Bulbs Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into the smart led bulbs market size, smart led bulbs market drivers and trends, smart led bulbs global market major players, smart led bulbs competitors’ revenues, smart led bulbs global market positioning, and smart led bulbs market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.

Browse Through More Similar Reports By The Business Research Company:

LED (Light-Emitting Diode) Neon Lights Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/led-light-emitting-diode-neon-lights-global-market-report
LED Driver For Lighting Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/led-driver-for-lighting-global-market-report
LED Street Light Global Market Report 2024

What Services Does The Business Research Company Offer?
The Business Research Company has published more than 15,000 reports spanning 27 industries and over 60 regions. Our research is supported by 1.5 million datasets, thorough secondary research, and unique insights gained from interviews with industry experts. We offer ongoing and customized research services, featuring a variety of specialized packages designed to meet your specific needs, such as Market Entry Research, Competitor Tracking, Supplier & Distributor Packages, and many others.

Our flagship product, the Global Market Model, serves as a leading market intelligence platform that provides comprehensive and updated forecasts to facilitate informed decision-making.

Oliver Guirdham
The Business Research Company
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