This report aims to provide a comprehensive presentation of the global market for Smart Lighting and Control Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Lighting and Control Systems. This report contains market size and forecasts of Smart Lighting and Control Systems in global, including the following market information:
Global Smart Lighting and Control Systems Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Smart Lighting and Control Systems market was valued at US$ 40710 million in 2022 and is projected to reach US$ 71700 million by 2029, at a CAGR of 8.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Smartphone Enabled Technology Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Smart Lighting and Control Systems include Eaton Corporation?The U.S), Acuity Brands?The U.S?, Elgato Systems?Germany?, Honeywell International?The U.S), Lutron Electronics?The U.S), General Electric Company?The U.S?, Koninklijke Philips NV?Netherlands? and Belkin International?The U.S), etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Smart Lighting and Control Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Lighting and Control Systems Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Smart Lighting and Control Systems Market Segment Percentages, by Type, 2022 (%)
Smartphone Enabled Technology
Daylight Sensing Technology
Proximity Sensing Technology
Global Smart Lighting and Control Systems Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Smart Lighting and Control Systems Market Segment Percentages, by Application, 2022 (%)
Residential
Industrial
Commercial
Outdoor Lighting
Others
Global Smart Lighting and Control Systems Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Smart Lighting and Control Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Lighting and Control Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Smart Lighting and Control Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Eaton Corporation?The U.S)
Acuity Brands?The U.S?
Elgato Systems?Germany?
Honeywell International?The U.S)
Lutron Electronics?The U.S)
General Electric Company?The U.S?
Koninklijke Philips NV?Netherlands?
Belkin International?The U.S)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Lighting and Control Systems, market overview.
Chapter 2: Global Smart Lighting and Control Systems market size in revenue.
Chapter 3: Detailed analysis of Smart Lighting and Control Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Lighting and Control Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Smart Lighting and Control Systems Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Smart Lighting and Control Systems Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Smart Lighting and Control Systems Overall Market Size
2.1 Global Smart Lighting and Control Systems Market Size: 2022 VS 2032
2.2 Global Smart Lighting and Control Systems Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Smart Lighting and Control Systems Players in Global Market
3.2 Top Global Smart Lighting and Control Systems Companies Ranked by Revenue
3.3 Global Smart Lighting and Control Systems Revenue by Companies
3.4 Top 3 and Top 5 Smart Lighting and Control Systems Companies in Global Market, by Revenue in 2022
3.5 Global Companies Smart Lighting and Control Systems Product Type
3.6 Tier 1, Tier 2 and Tier 3 Smart Lighting and Control Systems Players in Global Market
3.6.1 List of Global Tier 1 Smart Lighting and Control Systems Companies
3.6.2 List of Global Tier 2 and Tier 3 Smart Lighting and Control Systems Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Smart Lighting and Control Systems Market Size Markets, 2022 & 2032
4.1.2 Smartphone Enabled Technology
4.1.3 Daylight Sensing Technology
4.1.4 Proximity Sensing Technology
4.2 By Type - Global Smart Lighting and Control Systems Revenue & Forecasts
4.2.1 By Type - Global Smart Lighting and Control Systems Revenue, 2018-2023
4.2.2 By Type - Global Smart Lighting and Control Systems Revenue, 2024-2032
4.2.3 By Type - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Smart Lighting and Control Systems Market Size, 2022 & 2032
5.1.2 Residential
5.1.3 Industrial
5.1.4 Commercial
5.1.5 Outdoor Lighting
5.1.6 Others
5.2 By Application - Global Smart Lighting and Control Systems Revenue & Forecasts
5.2.1 By Application - Global Smart Lighting and Control Systems Revenue, 2018-2023
5.2.2 By Application - Global Smart Lighting and Control Systems Revenue, 2024-2032
5.2.3 By Application - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Smart Lighting and Control Systems Market Size, 2022 & 2032
6.2 By Region - Global Smart Lighting and Control Systems Revenue & Forecasts
6.2.1 By Region - Global Smart Lighting and Control Systems Revenue, 2018-2023
6.2.2 By Region - Global Smart Lighting and Control Systems Revenue, 2024-2032
6.2.3 By Region - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Smart Lighting and Control Systems Revenue, 2018-2032
6.3.2 US Smart Lighting and Control Systems Market Size, 2018-2032
6.3.3 Canada Smart Lighting and Control Systems Market Size, 2018-2032
6.3.4 Mexico Smart Lighting and Control Systems Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Smart Lighting and Control Systems Revenue, 2018-2032
6.4.2 Germany Smart Lighting and Control Systems Market Size, 2018-2032
6.4.3 France Smart Lighting and Control Systems Market Size, 2018-2032
6.4.4 U.K. Smart Lighting and Control Systems Market Size, 2018-2032
6.4.5 Italy Smart Lighting and Control Systems Market Size, 2018-2032
6.4.6 Russia Smart Lighting and Control Systems Market Size, 2018-2032
6.4.7 Nordic Countries Smart Lighting and Control Systems Market Size, 2018-2032
6.4.8 Benelux Smart Lighting and Control Systems Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Smart Lighting and Control Systems Revenue, 2018-2032
6.5.2 China Smart Lighting and Control Systems Market Size, 2018-2032
6.5.3 Japan Smart Lighting and Control Systems Market Size, 2018-2032
6.5.4 South Korea Smart Lighting and Control Systems Market Size, 2018-2032
6.5.5 Southeast Asia Smart Lighting and Control Systems Market Size, 2018-2032
6.5.6 India Smart Lighting and Control Systems Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Smart Lighting and Control Systems Revenue, 2018-2032
6.6.2 Brazil Smart Lighting and Control Systems Market Size, 2018-2032
6.6.3 Argentina Smart Lighting and Control Systems Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Smart Lighting and Control Systems Revenue, 2018-2032
6.7.2 Turkey Smart Lighting and Control Systems Market Size, 2018-2032
6.7.3 Israel Smart Lighting and Control Systems Market Size, 2018-2032
6.7.4 Saudi Arabia Smart Lighting and Control Systems Market Size, 2018-2032
6.7.5 UAE Smart Lighting and Control Systems Market Size, 2018-2032
7 Smart Lighting and Control Systems Companies Profiles
7.1 Eaton Corporation?The U.S)
7.1.1 Eaton Corporation?The U.S) Company Summary
7.1.2 Eaton Corporation?The U.S) Business Overview
7.1.3 Eaton Corporation?The U.S) Smart Lighting and Control Systems Major Product Offerings
7.1.4 Eaton Corporation?The U.S) Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.1.5 Eaton Corporation?The U.S) Key News & Latest Developments
7.2 Acuity Brands?The U.S?
7.2.1 Acuity Brands?The U.S? Company Summary
7.2.2 Acuity Brands?The U.S? Business Overview
7.2.3 Acuity Brands?The U.S? Smart Lighting and Control Systems Major Product Offerings
7.2.4 Acuity Brands?The U.S? Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.2.5 Acuity Brands?The U.S? Key News & Latest Developments
7.3 Elgato Systems?Germany?
7.3.1 Elgato Systems?Germany? Company Summary
7.3.2 Elgato Systems?Germany? Business Overview
7.3.3 Elgato Systems?Germany? Smart Lighting and Control Systems Major Product Offerings
7.3.4 Elgato Systems?Germany? Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.3.5 Elgato Systems?Germany? Key News & Latest Developments
7.4 Honeywell International?The U.S)
7.4.1 Honeywell International?The U.S) Company Summary
7.4.2 Honeywell International?The U.S) Business Overview
7.4.3 Honeywell International?The U.S) Smart Lighting and Control Systems Major Product Offerings
7.4.4 Honeywell International?The U.S) Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.4.5 Honeywell International?The U.S) Key News & Latest Developments
7.5 Lutron Electronics?The U.S)
7.5.1 Lutron Electronics?The U.S) Company Summary
7.5.2 Lutron Electronics?The U.S) Business Overview
7.5.3 Lutron Electronics?The U.S) Smart Lighting and Control Systems Major Product Offerings
7.5.4 Lutron Electronics?The U.S) Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.5.5 Lutron Electronics?The U.S) Key News & Latest Developments
7.6 General Electric Company?The U.S?
7.6.1 General Electric Company?The U.S? Company Summary
7.6.2 General Electric Company?The U.S? Business Overview
7.6.3 General Electric Company?The U.S? Smart Lighting and Control Systems Major Product Offerings
7.6.4 General Electric Company?The U.S? Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.6.5 General Electric Company?The U.S? Key News & Latest Developments
7.7 Koninklijke Philips NV?Netherlands?
7.7.1 Koninklijke Philips NV?Netherlands? Company Summary
7.7.2 Koninklijke Philips NV?Netherlands? Business Overview
7.7.3 Koninklijke Philips NV?Netherlands? Smart Lighting and Control Systems Major Product Offerings
7.7.4 Koninklijke Philips NV?Netherlands? Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.7.5 Koninklijke Philips NV?Netherlands? Key News & Latest Developments
7.8 Belkin International?The U.S)
7.8.1 Belkin International?The U.S) Company Summary
7.8.2 Belkin International?The U.S) Business Overview
7.8.3 Belkin International?The U.S) Smart Lighting and Control Systems Major Product Offerings
7.8.4 Belkin International?The U.S) Smart Lighting and Control Systems Revenue in Global Market (2018-2023)
7.8.5 Belkin International?The U.S) Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Smart Lighting and Control Systems Market Opportunities & Trends in Global Market
Table 2. Smart Lighting and Control Systems Market Drivers in Global Market
Table 3. Smart Lighting and Control Systems Market Restraints in Global Market
Table 4. Key Players of Smart Lighting and Control Systems in Global Market
Table 5. Top Smart Lighting and Control Systems Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Smart Lighting and Control Systems Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Smart Lighting and Control Systems Revenue Share by Companies, 2018-2023
Table 8. Global Companies Smart Lighting and Control Systems Product Type
Table 9. List of Global Tier 1 Smart Lighting and Control Systems Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Smart Lighting and Control Systems Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Smart Lighting and Control Systems Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Smart Lighting and Control Systems Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Smart Lighting and Control Systems Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Smart Lighting and Control Systems Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Smart Lighting and Control Systems Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Smart Lighting and Control Systems Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Smart Lighting and Control Systems Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Smart Lighting and Control Systems Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Smart Lighting and Control Systems Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Smart Lighting and Control Systems Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Smart Lighting and Control Systems Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Smart Lighting and Control Systems Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Smart Lighting and Control Systems Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Smart Lighting and Control Systems Revenue, (US$, Mn), 2024-2032
Table 30. Eaton Corporation?The U.S) Company Summary
Table 31. Eaton Corporation?The U.S) Smart Lighting and Control Systems Product Offerings
Table 32. Eaton Corporation?The U.S) Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 33. Eaton Corporation?The U.S) Key News & Latest Developments
Table 34. Acuity Brands?The U.S? Company Summary
Table 35. Acuity Brands?The U.S? Smart Lighting and Control Systems Product Offerings
Table 36. Acuity Brands?The U.S? Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 37. Acuity Brands?The U.S? Key News & Latest Developments
Table 38. Elgato Systems?Germany? Company Summary
Table 39. Elgato Systems?Germany? Smart Lighting and Control Systems Product Offerings
Table 40. Elgato Systems?Germany? Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 41. Elgato Systems?Germany? Key News & Latest Developments
Table 42. Honeywell International?The U.S) Company Summary
Table 43. Honeywell International?The U.S) Smart Lighting and Control Systems Product Offerings
Table 44. Honeywell International?The U.S) Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 45. Honeywell International?The U.S) Key News & Latest Developments
Table 46. Lutron Electronics?The U.S) Company Summary
Table 47. Lutron Electronics?The U.S) Smart Lighting and Control Systems Product Offerings
Table 48. Lutron Electronics?The U.S) Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 49. Lutron Electronics?The U.S) Key News & Latest Developments
Table 50. General Electric Company?The U.S? Company Summary
Table 51. General Electric Company?The U.S? Smart Lighting and Control Systems Product Offerings
Table 52. General Electric Company?The U.S? Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 53. General Electric Company?The U.S? Key News & Latest Developments
Table 54. Koninklijke Philips NV?Netherlands? Company Summary
Table 55. Koninklijke Philips NV?Netherlands? Smart Lighting and Control Systems Product Offerings
Table 56. Koninklijke Philips NV?Netherlands? Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 57. Koninklijke Philips NV?Netherlands? Key News & Latest Developments
Table 58. Belkin International?The U.S) Company Summary
Table 59. Belkin International?The U.S) Smart Lighting and Control Systems Product Offerings
Table 60. Belkin International?The U.S) Smart Lighting and Control Systems Revenue (US$, Mn) & (2018-2023)
Table 61. Belkin International?The U.S) Key News & Latest Developments
List of Figures
Figure 1. Smart Lighting and Control Systems Segment by Type in 2022
Figure 2. Smart Lighting and Control Systems Segment by Application in 2022
Figure 3. Global Smart Lighting and Control Systems Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Smart Lighting and Control Systems Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Smart Lighting and Control Systems Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Smart Lighting and Control Systems Revenue in 2022
Figure 8. By Type - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 9. By Application - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 10. By Type - Global Smart Lighting and Control Systems Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 12. By Application - Global Smart Lighting and Control Systems Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 14. By Region - Global Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 15. By Country - North America Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 16. US Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 20. Germany Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 21. France Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 28. China Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 32. India Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 34. Brazil Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Smart Lighting and Control Systems Revenue Market Share, 2018-2032
Figure 37. Turkey Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Smart Lighting and Control Systems Revenue, (US$, Mn), 2018-2032
Figure 41. Eaton Corporation?The U.S) Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Acuity Brands?The U.S? Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Elgato Systems?Germany? Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Honeywell International?The U.S) Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Lutron Electronics?The U.S) Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. General Electric Company?The U.S? Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Koninklijke Philips NV?Netherlands? Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Belkin International?The U.S) Smart Lighting and Control Systems Revenue Year Over Year Growth (US$, Mn) & (2018-2023)