The 2016 Paris Agreement called for its nearly 200 signatories to join in limiting global warming to an increase of 1.5 degrees Celsius above pre-industrial levels. This would require carbon emissions to be reduced by about half by 2030 and reach net zero by 2050. To reach this goal, the rate of retrofits in the Global North will need to triple from barely 1 percent to at least 3 percent of stock each year, according to Retrofitting Buildings to be Future-Fit, a November 2022 report by commercial real estate services firm Jones Lang LaSalle (JLL).
A new report by Research and Markets estimated the size of the global smart lighting and control system market at US$13.95 billion in 2020 and projected it to reach US$14.64 billion in 2021 and US$19.04 billion by 2026.
The North America smart lighting market reached a value of $2.4 Billion in 2018. Looking forward, the market is projected to reach a value of $7.4 Billion by 2024, registering a CAGR of 19.6% from 2019-2024.
According to a recent research report by the market research and strategy consulting firm, Graphical Research, Europe Smart Lighting Market share will surpass USD $9 billion by 2024.
According to a recently released research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Smart Lighting Market will exceed US $24 billion by 2024.
The most recent Commercial Buildings Energy Consumption Survey (CBECS) collected new information about lighting control technologies and strategies in the United States in 2012. Compared with other investments in energy efficiency—such as upgrading heating, ventilation, and air-conditioning systems or replacing insulation—lighting controls are often “relatively easy, accessible, and affordable changes,” according to the Department of […]
Strategies Unlimited recently published its annual market research report, Global Luminaires: Lighting Analysis and Forecast 2016. For 2015, the global luminaire market was assessed at US $62.9 billion with anticipated revenue growth of 2% from 2015 to 2022. The seemingly stagnant growth is due to all other technologies except for LED luminaires declining in demand […]
Recently published in EC&M Magazine: According to research from the ABB Group, the following segments made up the home automation market last year in North America. Lighting, a leading product category for the electrical industry, pulled in 23% of that total. This trend reiterates the importance of lighting and control opportunities in this growing automation […]
Alumage Advisors has released its latest LED Smart Lighting Report, including a free version for end-users, highlighting 40 product features of interest for 1,000 commercial and industrial (C&I) luminaires worldwide. “Since introducing our first reports in 2013, we added a smart lighting focus, as 77% of the products we track are dimmable, 59% offer motion […]
According to a new market research report by Markets and Markets, Home Automation and Control Market by Lighting Control (Occupancy Sensors, Relays, Transmitters), Security & Access Control (Video Surveillance, Biometric), HVAC Control (Heating & Cooling Coils, Pumps & Fans, Sensors), and Geography – Global Forecast to 2020, the home automation market is expected to grow […]