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Rapid advancements in connectivity, wireless technologies, and value-added services, including innovative business models such as lighting-as-a-service (LaaS), will characterize the lighting industry in 2024. These trends, coupled with the growing focus on sustainability and smart buildings, are poised to create exciting opportunities for revenue g...

17 Dec 2024  |  Global  |  Market Research

Aquaculture and Horticulture Lighting Market, Global, 2024–2030

Technology Advancements and Sustainable Practices are Driving Transformational Growth in Aquaculture and Horticulture Lighting Solutions

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Climate change has resulted in unpredictable weather, floods, drought, and heatwaves that have severely affected the agriculture sector globally. In addition, geopolitical tensions resulting in trade restrictions and price volatility have affected the export of food products, leading to reduced business for producers. This has pushed the rapid deve...

The lighting industry is evolving beyond traditional illumination solutions toward intelligent automation and real-time monitoring that adapts to occupancy patterns and environmental conditions. The growing emphasis on intelligence, connectivity, sustainability, and innovative service-based models presents ample growth opportunities for businesses,...

The Indian lighting market is expanding, driven by urbanization, infrastructure development, and rising demand for energy-efficient lighting solutions. Valued at $3,836.3 million in 2025, the market is forecast to reach $5,126 million by 2031, at a CAGR of 4.9%.Key drivers include government programs such as the Smart Cities Mission, UJALA, Street ...

This Frost & Sullivan study explores the lighting industry's dynamic landscape, with a focus on the adoption of digital technologies to revolutionize lighting systems for built environments. Frost & Sullivan estimates the market to grow at a compound annual growth rate (CAGR) of 18.4% between 2022 and 2028. The escalating global demand for energy-...

Indonesia has the largest auto leasing market and car rental market in South East Asia. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local ...

Smart Lighting is enabled by technologies such as solid state lighting, control systems, sensing and communication. These technologies play an integral role in occupancy sensing, sharing the harvested data, controlling the power consumed and light output based on requirement. Advantages of smart lighting include better control, connectivity, and en...

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. North America will contin...

Global emergency lighting is estimated to have grown at a rate of 5.5% in 2024. Market revenue is forecast to reach $7.42 billion by 2030, at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030.The global emergency lighting market benefits from rising investments in the construction sector, with growth projected at 4.4% annually through ...