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The Indian Government’s infrastructure spending will be a top growth driver for light commercial vehicles (LCVs) in the country. Government spending on the development of roadways, highways, and industrial corridors has created new opportunities. Electrification in LCVs can reduce operational costs and increase payload capacity. Technology-focused...

Outdoor lighting is presenting significant growth opportunities in the wake of the global demand for LED lighting technologies. Outdoor lighting already represents about 20% of the global LED lighting market and is among its fastest-growing segments, driven by increasing demand for energy efficiency, controllability, and lower maintenance, and the ...

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...

The Latin American light vehicle leasing and rental market is in the growth stage. Although leasing and rental companies in the region faced growth-related challenges due to the COVID-19 pandemic, the market has started growing once again. However, the growth trend has not begun at the same time in all the countries, as each has their own pain poin...

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...

This Frost & Sullivan research service provides an overview of the electric light commercial vehicle (e-LCV) market in North America, Europe, China, and Asia-Pacific, presenting growth opportunities, comparisons between select models, sales percentage forecasts, and total cost of ownership (TCO) analysis. The e-LCV market across these regions is ex...

Light-as-a-Service (LaaS) is a subscription-based lighting industry business model where the end-user or the building owner purchases the light rather than the hardware that delivers it. With this model, the vendor and the end user enter into a multi-year contractual agreement with payment and energy saving details. LaaS was introduced to avoid the...

In 2020, there was a 26.8% drop in total LATAM passenger vehicle sales, equivalent to a reduction of 1.5 million units. The Brazilian market was responsible for the largest drop in units, reaching 710,000 units less than 2019, followed by Mexico’s 368,000 unit drop. The automakers had different strategies for this period, from closing plants to dev...

In this research service, the global emergency lighting market has been analysed for the study period of 2015 to 2025, with the base year being 2018. This study segments emergency lighting into self-sustained and central power systems. The product scope includes emergency lamps, luminaries, and lighting accessories, such as monitoring systems, sens...