- Smart lighting is integral to smart cities for adaptive illumination, energy savings, and safety. Cities like Los Angeles and New York are rapidly deploying connected street lighting systems.
- Federal and state-level policies in the U.S. and Canada offer tax rebates and subsidies for energy-efficient retrofits.
- U.S. holds a significant market share due to Technological Advancements.
- U.S. is expected to register the fastest growth, fuelled by IoT and Wireless Control Integration.
- The Software segment is projected to account for a significant market share of approximately 31.1% in 2025, driven by Government Incentives for Energy Efficiency.
