The revenue mix of most of the companies of Smart Bulb Market may change in coming time. One of the important factors would be the shift in topline of the clientele that will push them hard to adopt innovation and spend more on R&D to meet ever dynamic evolving requirements. Some of the players who are preparing for their clients future revenue shift will ride the tide, while others might find it challenging to sustain. To cite an in-depth market outlook AMA released its new publication on Smart Bulb Market with coverage over 100+ industry players, some of the profiled players are Xiaomi Corporation (China), Philips (Netherlands), GE Lighting (United States), Feit Electric (United States), Wipro (India), Syska (India), LIFX (Australia), Luminous Power Technologies (India) and AwoX (France).
According to the report, Technological Advancements in the Electric Equipment
is one of the primary growth factors for the market. Increased Penetration of the Internet
is also expected to contribute significantly to the Smart Bulb market. Overall, Home
applications of Smart Bulb, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Supermarket/Hypermarket, is boosting the Smart Bulb market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Wattage, such as 8 – 9 watts, is boosting the Smart Bulb market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Bulb market identified that the demand is rising in many different parts of the world as "Growth in the E-Commerce Industry
". Furthermore, some recent industry insights like "In September 2020, Xiaomi has launched Mi Smart LED Bulb (White), the company’s latest Smart Bulb in India. It is a 7.5W bulb with 810 Lumens of brightness, comes with support for Amazon Alexa as well as Google Assistant, and doesn’t require a separate bridge. It comes with B22 socket, so that you don’t need a separate E27 to B22 converter. The bulb glows only in White compared to 16 million colors in the company’s earlier models." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Bulb market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Bulb market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Bulb market tight? Which application/end-user category or Product Type [ZigBee, Wi-Fi, Bluetooth and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Bulb market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Bulb market size is calculated using market estimation process, the Smart Bulb market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Bulb market size has been validated using both top-down and bottom-up approaches.