According to Parks Associates’ latest research study, Smart Lighting Market Assessment, smart lighting product demand softened in 2022, following general spending and home renovation trends.
Parks Associates research shows 13% of U.S. internet households have at least one smart light bulb, and 8% own a smart plug/power strip.
Parks Associates research also finds that the top concern for smart lighting consumers – as is the case for many smart home device users – is interoperability.
From the article, "The Smart Money: The Power of Smart Lighting" by Jennifer Kent
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