Market Projections for Smart Lighting: 2025-2030

Posted in

August 29, 2025

Market Projections for Smart Lighting: 2025-2030

The smart lighting market is poised for significant growth, projected to expand from USD 18.57 billion in 2025 to USD 43.39 billion by 2030, driven by a compound annual growth rate (CAGR) of 18.50%. Key factors propelling this growth include advancements in IoT technology, increased demand for energy-efficient LED lighting, and the rise of smart home solutions amid ongoing urbanization trends. Urban populations are expected to reach 68% by 2050, necessitating sustainable lighting infrastructure. Major markets such as India, supported by smart city initiatives, are at the forefront, while regions like Europe and North America are also adopting smart lighting technologies to enhance urban and commercial applications. The report highlights the critical role of smart lighting in addressing energy needs and sustainable urban development globally.

Original source:

https://www.globenewswire.com/news-release/2025/08/29/3141598/0/en/Smart-Lighting-Market-Forecasts-Report-2025-2030-IoT-Integration-LED-Advancements-Urbanization-and-Smart-Home-Trends-Fuel-Growth.html

Market Projections for Smart Lighting: 2025-2030

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