Smart LED Bulbs Market: Industry Challenges, Developments, Opportunities, Scope

Posted by Meghana on September 7th, 2021

Smart LED Bulbs Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the smart LED bulbs industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected smart LED bulbs market growth numbers 2021-2030.

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The Smart LED Bulbs Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global smart LED bulbs market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Smart LED Bulbs Global Market Report 2021 covers smart LED bulbs market drivers, smart LED bulbs market trends, smart LED bulbs market growth rate, smart LED bulbs market major players, player-adopted strategies in the market, and smart LED bulbs market size.

The global smart LED bulbs market is expected to grow from .28 billion in 2020 to .13 billion in 2021 at a compound annual growth rate (CAGR) of 25.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach .85 billion in 2025 at a CAGR of 20%.

The report covers the smart LED bulbs market segments-
1) By Technology: Wired Technology, Wireless Technology
2) By Application: Indoor Lighting, Outdoor Lighting
3) By Installation Type: New Installation, Retrofit

About The Business Research Company: 
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.  

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The Business Research Company 
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Americas: +1 315 623 0293

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