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.
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.
According to the latest report by IMARC Group, the global smart lighting market size reached $7.9 billion in 2018. Smart lighting is an energy-efficient lighting solution with power-saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters such as occupancy or daylight availability.
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.
Communal Freelance Gig Marketplace 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)
- Ebb & Flow
- Material handling
- And more…
Solar street lightings are lights powered by solar panels usually mounted on pole or lighting structure. The solar panels are designed to charge a rechargeable battery, which powers the LED or fluorescent lamp during the night.
According to the latest report by IMARC Group, titled “Xenon Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global xenon gas market reached 17.2 Million Liters in 2018.
A new research by MarketResearch.Biz on Light Pipe gives complete guidance which provides the most recent Light Pipe market patterns like market development openings, size, share and drivers. This Light Pipe market report offers the realistic view based on key vendors, region-wise market and sales revenue.
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.
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 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.
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.
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.
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.