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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...

28 May 2021  |  Global  |  Megatrends

Transformative Mega Trends Enabling Lights Out Manufacturing

Post-pandemic Manufacturing Shifts will Usher Future Growth Potential of ‘Lights Out’ Environment

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Key Issues Addressed

The COVID-19 pandemic has not only hindered global manufacturing output but has also hastened the shift toward Industry 5.0. Digitalization and automation are rapidly shaping business strategy, with nearly 90% of companies embracing digital transformation in the short term. In an effort to become more resilient and shock-proof, manufacturers, espec...

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...

The government aims to reduce its energy bill and improve the efficiency of lighting products. This has necessitated trials and the mass usage of LED for lighting applications. The government is a key driver of LED lighting adoption. A wide product portfolio, indigenous design and development capabilities, a well-entrenched distribution set up, cos...

Lighting controls have transitioned from being simple devices that are used to control (turn on and turn off or dim) lighting appliances to being critical components of smart buildings. The advent of sensors and innovations in LED lighting has hastened developments within the lighting controls market. Apart from conventional benefits such as energy...

28 May 2015  |  Global  |  Market Research

World LED Lighting Markets (2015 Update)

LED Lighting will go Mainstream in 2015 and be a Fully Established Global Market by 2019

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By late 2014, LED lighting was closing in on 40% penetration of the global lighting market. It was the second consecutive boom year, confirming the breakthrough in the key regions of Europe, North America, and China. Driven by enhanced controllability and energy efficiency, the revolution will continue and momentum will build throughout 2015. This ...

Latin America is evolving into a promising hub for light commercial vehicles (LCVs). With growing investments from global automotive players, the region is poised for increased output and innovation. Global and Chinese OEMs are intensifying efforts through local assembly, telematics integration, and alternative fuel adaptation to stay competitive a...

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...

20 Sep 2017  |  North America  |  Market Research

North American Lighting Equipment Market, Forecast to 2023

LED Technology and Connected Lighting will be the Primary Pillars of the Market by 2023

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The North American lighting equipment market is currently in the growth stage and is expected to witness healthy growth between 2016 and 2023. High rate of growth in the LED technology landscape is also tempered by falling revenue in Non-LED applications and falling prices of LED products. Operational cost savings achieved through adoption of energ...