Light Management System Market Sees Incandescent Growth

The light management system market is expected to grow from an estimated $11.66 billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the forecast period. The increasing adoption of energy-efficient lighting automation systems is the major driver of the lighting management system market. The growing demand for building automation in North America and Europe make them potential growth markets for the providers of lighting management systems.

Solar Lighting System Market Illuminated

The solar lighting system market is projected to reach $10.8 billion by 2024 from $5.2 billion in 2019, at a CAGR of 15.6%. Major drivers for the growth of the market are growing need for energy-efficient solar lighting systems for highways, increasing use of renewable energy for lighting, rising penetration and declining cost of LEDs, and growing demand from developing and emerging countries.

Significant Growth in Lighting as a Service Market

The global lighting as a service market is projected to grow at a CAGR of 46.3% from 2016 to 2021, to reach a market size of $638.7 million by 2021. The global market is witnessing significant growth on account of the increase in demand for energy efficient lighting systems, and government policies supporting adoption of energy efficient lighting systems over traditional lighting. Increasing convergence of Internet of Things (IoT) with lighting is also expected to drive the demand for the lighting as a service market across the globe.

Hydroponic Farming Freelance Global Gigs Marketplace

Freelance Global Gigs Marketplace (FGG) will soon open up for business to help the hydroponic farming industry, allowing hydroponic specialists a “no out-of-pocket costs” way to provide their solutions and services.  If you provide services or regulatory help for:

  • Crops such as Lettuce, Peppers or Tomatoes
  • Consult on Food Handling and Preparation Rules and Laws
  • Aggregate Hydroponic Systems
  • Closed or Open Hydroponic Systems
  • Liquid Hydroponic Systems
  • Nutrient & pH
  • Nutrient Film Technique (NFT)
  • Aeroponics
  • Ebb & Flow
  • Wicking
  • HVAC
  • Lighting
  • Irrigation
  • Material handling
  • And more…

LED Lighting Market Looks Bright

The global LED lighting market size is expected to reach $108.99 billion by 2025, according to a new report by Grand View Research, Inc., and will register a CAGR of 14.4% during the forecast period. Continuous development of energy-saving capabilities, introduction of Standard Deviation Color Matching (SDCM) control, and longer lifespan compared to CFL lamps have accelerated demand for LED lamps at a global level. Introduction of smart/connected lighting and its multiple uses in residential, commercial, and industrial sectors has also spurred market growth.

Global Automotive Lighting Market Growing

The Lighting Market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach $29.97 billion by 2022. Increasing vehicle production and lighting applications are the key factors driving the demand for lighting in the automotive industry. With the increase in sales of electric and hybrid vehicles, the demand for lighting with low energy consumption is growing.

Train Lighting Market to Reflect Steady Growth

Train Lighting Market is expected to grow with significant rate throughout the forecast period owing to increase in railway network across the globe which in turn indirectly affect the sales of train lights. Train lighting is one of the important passenger amenities that provide passenger comfort. Train lighting are used for various purpose in both internal and external applications such as cabin interior, finding track path, etc.

Double-Digit Growth in Lighting Controllers Market

According to a recent market report published by Research Report Insights (RRI) titled, “Lighting controllers Market by 2025” the global lighting controllers market was valued at $4.2 billion in 2016, and is expected to register a CAGR of 17.6% from 2017 to 2025. The development of smart lighting infrastructure and government spending on smart city projects are the major factors driving growth of the global lighting controllers market.

Automotive Lighting Market Looks Bright

Increasing vehicle production and sales, technological advancement and tightened regulations regarding safety measures are the prominent driving forces for the automotive lighting market size. The global vehicle production has witnessed considerable increase due to growing demand and emerging economies. The technology has evolved to lead to the development of eco-friendly, energy efficient, easy to operate products.

Lighting Fixtures Market to Expand Significantly at 14.2% CAGR by 2025

The global market for lighting fixtures is estimated to reach a market size of over $76 Billion all through 2025, up from a market value of over $25.8 Billion during 2017. Increased penetrations in LED lighting, as well as the need for smart fixtures, are the major aspects anticipated to fuel the overall growth in revenue terms of the worldwide market for lighting fixtures. The market will be recording a healthy 14.2% CAGR all through the calculated period.