In 2020, the global smart lighting market will reach 24.341 billion US dollars. What is the driving force?

In 2017, companies including Sanxiong Aurora, NVC Group, Feile Audio, Haier Butler, Op Lighting, Philips Lighting, Lidaxin, Shengdi Optoelectronics, Hongyan Electric, Shenzhen Dark Energy have accelerated the deployment of intelligent (home) lighting. Set off a wave of intelligence that swept the entire lighting industry. The data shows that in 2013, the global smart lighting market industry scale was about 5.757 billion US dollars, of which the scale of lamps and related accessories market was about 1.287 billion US dollars; in 2015, the global smart lighting market reached 7.83 billion US dollars, a very rapid growth. According to the current development momentum, it is expected to reach 24.341 billion U.S. dollars in 2020, of which the market size of lamps and related accessories is about 8.71 billion US dollars, accounting for more than 5%, and the compound annual growth rate is over 20%. data

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