Smart Lighting Illuminates Global Market Growth

Fueled by the global push for net-zero emissions, smart cities, and the Internet of Things (IoT), the global lighting market is set for significant growth by 2024. Smart lighting will lead the way, with the market becoming increasingly segmented and specialized. New applications will emerge in areas such as medical and aesthetic lighting, educational lighting, health lighting, outdoor cultural and tourism lighting, germicidal lighting, and plant lighting, providing ample development opportunities.

According to Grand View Research, Inc., the global smart lighting market is projected to reach USD 46.9 billion by 2028, with a compound annual growth rate (CAGR) of 20.4% from 2021 to 2028. Notably, the middle class in Southeast Asia and the Middle East has become more environmentally conscious. This shift, coupled with government incentives to use LED lighting systems, has driven significant demand for energy-efficient and power-saving lighting solutions.

To capitalize on this potential, MEGA SHOW Bangkok 2024 will feature a "Lighting & Security" section, providing a platform for industry professionals from Southeast Asia and the Middle East to network and conduct business. The event will take place from July 17 to 20, 2024, at the Bangkok International Trade & Exhibition Centre (BITEC).