Zigbee-enabled Lighting market is projected to grow at a CAGR of 18.38% over the forecast period of 2017 to 2023.
Rising demand for low energy consumption lighting solutions is a major driver of zigbee-enabled lighting market. Emerging IoT technology supported by high investment in IoT architecture is also propelling the zigbee-enabled lighting market growth. Increasing demand for smart home solutions will continue to boost the adoption of zigbee-enabled lighting market in the coming years. Geographically, North America and Europe hold major regional market shares owing to the strict energy legislations and government incentives to use smart lighting control solutions.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Major industry players profiled as part of the report are LG Electronics, OSRAM GmbH, General Electric, and Signify Holding among others.