The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Connected Lighting Platform Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.
Impact of COVID-19 Pandemic Outbreak on Connected Lighting Platform Market
COVID-19 pandemic has set the economy of the world back by many years and has impacted almost every sector. Pandemic has hugely affected the lighting industry because China, a major supplier of raw materials for finished electronic component is suffering from production losses, supply disruption, and price fluctuations.
Due to pandemic the lighting industry may witness the growth around 12% to 15% which was expected to witness growth of 20% t0 25% before COVID-19.
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Connected Lighting Platform Market: – Regional Analysis
Connected lighting platform market dominated in North America and Europe in terms of revenue in 2019, owing to increasing adoption of smart LED’s in the region. South Asia & Pacific is estimated to witness high growth owing to increasing investment by government on public infrastructure are increasing the growth of the market in the region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Connected Lighting Platform market.
Connected Lighting Platform Market: – Key Players
The key players in the Connected Lighting Platform market are
- ON Semiconductor
- Phillips Signify
- Comarch
- OSRAM
- Ledvance
- Legrand
- Panasonic
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Connected Lighting Platform Market: – Segmentation
Component:
- Hardware
- Lamps & Fixtures
- Lighting Controls
- Others
- Software
Application:
- Industrial Lighting
- Stadium Lighting
- Smart Homes
- Others
Market Background
Reasons to Buy the report
- The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
- We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.
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