Global Smart Lighting and Control Systems Market Worth Reach USD 146 Billion By 2026

As the government is strictly focusing on reducing the Co2 emission for better climate condition smart lighting and control systems may witness growth in most polluted regions.

Due to rising pollution worldwide each region is implementing new lighting laws every year. For example, the San Francisco public utilities commission has replaced nearly 18,500 streetlights with high efficiency LED lights due to this they have reduced energy consumption by 50%, energy cost, and also the efficiency of the environment.

Furthermore, the transportation department of the USA has invested USD 165 Million in the smart city project by levering smart lights, meters, and sensors for improving road safety and simultaneously decreasing energy consumption. However, the high initial costs for systems and security concerns are anticipated to be restraining factors for the market. Whereas, high penetration of IoT devices may open up new avenues in the global smart lighting and control systems market.

Launching new products and acquiring smaller companies focusing on smart control systems are among the primary strategies adopted by the leading manufacturers in the market space.