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Improving agriculture productivity and output is vital to maintaining food security, given the impacts of the rising global population, demand for quality produce, shrinking arable land, and climate change. Horticulture and aquaculture lighting are viable solutions to boost crop produce and stimulate animal growth in a controlled environment. Li...

The COVID-19 pandemic has significantly affected the water sector. Operational resilience and economic sustainability have become key focal points of investments due to the pandemic. The lockdowns due to the pandemic across the globe have severely disrupted supply chains and labour availability for production; both factors have significantly hit th...

The global elevator market is generally deemed low risk and is steadily growing. The market is closely tied to the performance of the global real estate development market, as an elevator is a common and important component in a building. The market is expected to grow about 4% annually from 2018 to 2025, attributed to three factors: the demand for...

The global maritime sector is facing a critical challenge of responding to stringent regulations for emissions reduction, improving vessel efficiency, and protection of aquatic ecosystem. The International Maritime Organization (IMO) has been driving the adoption and implementation of sustainability strategies with targets for 2020, 2030 and 2050. ...

Natural resource scarcity, the harmful environmental impacts of emissions, and discarded materials in landfills and water bodies are pressing global challenges. The lighting industry significantly contributes to eWaste and pollution, including greenhouse gases and used materials from parts. This challenge warrants adopting circular economy principl...

The global building construction market saw a decline in output in 2020 due to the COVID-19 pandemic. However, following the reopening of economic activities in 2021, market recovery in many countries resulted in an extraordinary growth of 14.7% that year. The market will register a CAGR of 5.8% from 2022 to 2028. Three major strategic imperatives...

The research service gives extensive information on key market trends in the global water and wastewater disinfection systems market, highlighting on important drivers and restraints, with additional details on current scenarios in terms of specific technologies, sectors, and applications. Key insights on major market participants and their presenc...

09 Nov 2021  |  North America  |  Market Research

Global Smart Lighting Growth Opportunities

Innovative Business Models of Connected Lighting Solutions with Open, Interoperable Systems to Drive Future Growth

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Buildings are shifting from conventional lighting to advanced smart lighting solutions that can help them realize energy efficiency targets, apart from improving occupant experience and comfort within their premises. Lighting companies that hit a plateau with their revenue growth are also focusing on offering digital lighting solutions, such as rem...

Smart water metering shows great potential in the global market, but vendors must be aware of regional end-user needs to relate benefits. Levels of technological sophistication and data analysis work differently in various regions due to environmental, regulatory, and utility factors. When correctly priced and brought to market, there are strong dr...