Artificial Intelligence
Global Smart Lighting and Control Systems Industry
New York, Nov. 24, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Lighting and Control Systems Industry” – https://www.reportlinker.com/p05961143/?utm_source=GNW
9% in the year 2020 and thereafter recover and grow to reach US$93.2 billion by the year 2027, trailing a post COVID-19 CAGR of 14.7% over the analysis period 2020 through 2027. COVID-19 has pushed the global economy into the steepest recession ever with GDP growth nosediving by -4.9%, shaving off over US$7 trillion in value. Although the pandemic has highlighted the importance of smart technologies in building resilience against disruptions, financial constraints are impeding immediate technology investments. As new construction projects take a hit, novel installations of lighting is dwindling. In industrial and commercial settings, there is likely to be a decrease in retrofit installations, given that there are no tax advantages for such installations. New as well as retrofit installations have declined due to the impact of the pandemic situation. Due to the pandemic, several key sporting events globally such as the 2020 UCI Cyclo-cross World Championships, the 2020 Tokyo Olympics and Paralympics, and the 2020 FIBA International Cup, among others were cancelled or postponed, affecting smart lighting demand. Further, smart lighting hardware was affected by reduced manufacturing, on account of shutdowns especially in China and in South Asian countries that are the key centers for component production. While the healthcare industry is likely to deliver a decent performance, lack of tax rebates for retrofit installations is expected to reduce investment in retrofit installations in industry and commercial verticals.
The hardware segment of the market is considerably affected by lockdowns and shutdown of various units in China and various South Asian nations, leading to losses in terms of production. Lockdowns along with decisions to seal borders by various countries inhibited local manufacturers with limited inventory. Falling consumer demand on the back of rising unemployment rates & erosion in household wealth coupled with second wave of re-infections are keeping business confidence low and capital spending muted. As companies brace for impact and switch to survival mode, spending on smart lighting & control systems will slump in the year 2020. In the post COVID-19 period, growth recovery will be led by improving demand for specialty lighting solutions such as UV disinfection lighting, horticulture lighting, growing need for sterile production areas in the pharmaceutical sector, and the requirement for more healthcare facilities for accommodating the rising patient numbers. Smart lighting solutions will also be part of recovery plans of European countries. The EC considers that buildings that quickly adopt smart technologies such as connected lighting will be able to reap benefits of digitalization and also be able to better deal with the pandemic importantly, without compromising on the climate friendly goals. For all the member states of the EU therefore, smart lighting technologies adoption would be one of the important focus points in their recovery and resilience plans.
Financial support during the 2021-2027 time period and the support to be provided through the NextGenerationEU will be directed towards repairing social and economic impacts of the pandemic. The total budget set for this is more than €1.8 trillion. NextGenerationEU is the emergency recovery instrument created for helping nations better deal with the pandemic’s after effects. The EC has been encouraging member states to come up with preliminary pandemic recovery plans based upon the sustainability concept and also the European Green Deal. The draft plans are to be submitted by April 2021. The commission is also taking into consideration the concern that the requirement of an unprecedented amount of money may lead to panic among states leading to drafting of plans which do not take into consideration climate goals. The EC is therefore urging countries to adopt smarter technologies that can help them in not compromising climate goals. Connected, Smart Street lighting for instance can future-proof cities by offering IoT infrastructure across the cities for more effectively providing public services. Connected street lighting systems would be able to remotely monitor and control luminaires through a centralized application. Furthermore, smart poles could also be used as service nodes for IT, for Wi-Fi and for housing 4G and 5G. Streetlights can also be integrated with cameras, sensors and microphones that can aid in crime detection and prevention of accidents. Emergency services would be automatically alerted. Smart street lighting can also decrease/ increase brightness based on footfall, which helps public feel safer. Smart lighting in work places could lead to increased productivity while at home, it could increase comfort levels for residents. Thus, by being able to change intensity and temperature of color, smart lighting can also stimulate energy levels, providing a sense of wellbeing to residents/ employees. Businesses can also make use of the sensors embedded in smart lighting to effectively monitor work environment in addition to optimizing conditions for wellbeing and health of employees. Organizations can monitor temperature, occupancy rates, daylight levels, noise levels, humidity levels etc., which help in creating a healthier work place and reducing absenteeism.
Competitors identified in this market include, among others,
- Acuity Brands Lighting Inc.
- Belkin International, Inc.
- Eaton Corporation PLC
- General Electric Company
- Honeywell International, Inc.
- Koninklijke Philips NV
- LiFI Labs, Inc. (LIFX)
- LightwaveRF Plc
- Lutron Electronics Co., Inc.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE I-1
II. EXECUTIVE SUMMARY II-1
1. MARKET OVERVIEW II-1
Impact of COVID-19 Pandemic and Looming Global Recession II-1
COVID-19 Pandemic Impacts Smart Lighting Market II-2
Home Office Trend Drives Demand for Lighting Solutions with
Smart Features II-2
Smart Lighting Solutions to be part of Recovery Plans of
European Countries II-3
IoT- and LED-Powered Platforms to Allow Safe Return of People
to Workplaces II-4
Pandemic Crisis Weakens Economic Environment, Triggering
Negative Tide in GDP II-4
Exhibit 1: World Economic Growth Projections (Real GDP, Annual %
Change) for 2019, 2020 & 2021 II-6
An Introduction to Smart Lighting & Control Systems II-7
Smart Lighting: Energy-Efficient, Dynamic, Digital, and Connected II-8
Global Market Prospects & Outlook II-9
LEDs Continue to Gain Over Other Smart Lighting Technologies II-11
Developed Regions Lead, Developing Nations to Boost Long-term
Growth II-12
Competition II-12
Product Differentiation: The Key to Success II-13
Effective Marketing Strategies: A Must for Success in the
Marketplace II-14
Technology and Other Risks Faced by Vendors in the Smart
Lighting Business II-15
Smart Lighting Controls Market: Competitive Landscape II-15
Startups Exhibit Growing Interest in Smart Lighting Market II-16
World Brands II-16
Recent Market Activity II-17
2. FOCUS ON SELECT PLAYERS II-19
3. MARKET TRENDS & DRIVERS II-21
Superior Attributes of Smart Lighting over Traditional Lighting
to Boost Market Prospects II-21
Prominent Technologies with Potential to Transform Lighting
Industry II-23
IoT and Artificial Intelligence Gain Significance in Lighting
Applications II-24
Convergence of IoT and Lighting Devices II-26
Emphasis on Achieving Energy and Cost Savings amidst Spiraling
Electricity Consumption: The Fundamental Growth Driver II-27
Exhibit 2: Projected Global Demand for Electricity (MWh): 2015,
2020, 2025, 2030 & 2035 II-29
Transforming Effect of Smart, Intelligent, and Intuitive
Lighting on Human Life Drives Market Expansion II-29
Smart Intelligent LED Lighting Catalyzes Growth Prospects II-31
LED and Other Lighting Technologies: A Comparison II-33
Connected, Embedded, and Sustainable Lighting Drive Enormous
Changes in Luminaire Design and Functionality II-33
Rise of Smart Cities and Focus on Smart Energy Management Opens
Up Opportunities for Smart Lighting Products II-35
Exhibit 3: Global Market for Smart City Technologies in US$
Million for the Years 2019 and 2025 II-38
Smart Lighting Systems Find High Demand from Street Lighting
Networks II-38
Connected Street Lighting to Surge Post Pandemic II-40
New Smart City Projects Spur Market Growth for Smart Street
Lighting Systems II-42
Connected Lighting to Witness Emergence of Several New Trends II-42
Consumer Spending on Smart Home Technologies Presents
Opportunities for Smart Lighting Solutions II-43
Exhibit 4: Global Smart Homes Market (In US$ Billion) for the
Years 2019, 2021, 2023 & 2025 II-44
Exhibit 5: Global Smart Home Market Breakdown by Technology (in %)
for 2018 and 2022 II-45
Exhibit 6: Smart Home Penetration Rate (%) by Region/Country: 2020 II-46
Increasing Adoption of LEDs in Innovative Niche Lighting
Markets Favor Market Expansion II-47
Controls: Augmenting the Intelligent Quotient of Smart Lighting II-47
Lighting Controls Offer Higher Savings, Energy Efficiency, and
Space Efficiency II-49
Convenience & Advances Boost Popularity of Wireless Lighting
Controls II-49
Controls for Connected, Intelligent, and Advanced LED luminaires II-50
Commercial Lighting: Adoption of Smart Lighting Systems Surges
As a Measure to Cut Energy Costs II-51
Lighting Technology Advancements for Commercial Buildings II-52
Connecting End-to-End Building Systems Using Smart Lighting II-54
Residential Sector: A Potential Laden Application Segment in
the Long Run II-55
Smart Lighting for Homes Surges amidst the Pandemic II-56
Demand Rises for Smart, Energy Efficient Lighting Systems in
Industrial Applications II-57
Specialty Lighting Applications to Boost Demand for Smart
Lighting Systems II-57
UV Light Emerges as Important Weapon in War against COVID-19
Pandemic II-58
Smart Lighting Deployments Gain Momentum in Government
Buildings and Public Lighting II-59
Smart Lighting Solutions to Meet Needs of Healthcare Facilities II-60
Advances in Lighting System & Controls Drive Adoption in
Healthcare Facilities II-61
Introduction of Interoperable Communication Networks Fuels
Demand for Wireless Lighting Devices II-62
Advent of Novel Standards Fuel Demand for Bluetooth-Enabled
Communication Devices II-63
Technology Advancements in Smart Lighting & Controls to Boost
Market Prospects II-64
Li-Fi to Emerge as Game Changer II-65
OLED Lighting Remains a Niche Category II-66
Horticulture Lighting with Smart LEDs for Enabling City Farming II-67
Ongoing Covid-19 Pandemic Fuels Demand for Touch Free LED
Lighting Devices II-67
Government Policies Spur Adoption of Energy Efficient Lighting
Solutions, Spur Opportunities for Smart Lighting Market II-67
Impact of COVID-19 on the Construction Sector Tones Down Near-
term Growth Prospects II-69
Exhibit 7: World Construction Industry (in US$ Trillion) for
the Years 2017, 2019 & 2022 II-70
Demographic Trends Influence Market Prospects II-70
Exhibit 8: World Population (in Thousands) by Geographic Region
for the Years 2019, 2030, 2050, 2100 II-71
Urbanization Drives Need for Efficient, and Longer Lasting
Smart Lighting Solutions II-72
Exhibit 9: World Urban Population in Thousands: 1950-2050P II-73
Exhibit 10: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030 and 2050 II-74
Growing Middle Class Population II-74
Exhibit 11: Global Middle Class Population (In Million) by
Region for the Years 2020, 2025 and 2030 II-75
Exhibit 12: Global Middle Class Spending (US$ Trillion) by
Region for the Years 2020, 2025, 2030 II-76
Improving Standards of Living II-76
Key Challenges Hampering Market Prospects for Smart Lighting II-77
4. GLOBAL MARKET PERSPECTIVE II-78
Table 1: World Current & Future Analysis for Smart Lighting and
Control Systems by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 II-78
Table 2: World Historic Review for Smart Lighting and Control
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 II-79
Table 3: World 12-Year Perspective for Smart Lighting and
Control Systems by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets for Years
2015, 2020 & 2027 II-80
Table 4: World Current & Future Analysis for Light Emitting
Diodes (LEDs) by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-81
Table 5: World Historic Review for Light Emitting Diodes (LEDs)
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 II-82
Table 6: World 12-Year Perspective for Light Emitting Diodes
(LEDs) by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America and Rest of World for Years 2015, 2020 & 2027 II-83
Table 7: World Current & Future Analysis for Fluorescent Lamps
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-84
Table 8: World Historic Review for Fluorescent Lamps by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 II-85
Table 9: World 12-Year Perspective for Fluorescent Lamps by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-86
Table 10: World Current & Future Analysis for Other Lighting
Sources by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-87
Table 11: World Historic Review for Other Lighting Sources by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 II-88
Table 12: World 12-Year Perspective for Other Lighting Sources
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-89
Table 13: World Current & Future Analysis for Wired by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-90
Table 14: World Historic Review for Wired by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-91
Table 15: World 12-Year Perspective for Wired by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2015, 2020 & 2027 II-92
Table 16: World Current & Future Analysis for Wireless by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-93
Table 17: World Historic Review for Wireless by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-94
Table 18: World 12-Year Perspective for Wireless by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2015, 2020 & 2027 II-95
Table 19: World Current & Future Analysis for Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-96
Table 20: World Historic Review for Commercial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-97
Table 21: World 12-Year Perspective for Commercial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-98
Table 22: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-99
Table 23: World Historic Review for Industrial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-100
Table 24: World 12-Year Perspective for Industrial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-101
Table 25: World Current & Future Analysis for Government by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-102
Table 26: World Historic Review for Government by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-103
Table 27: World 12-Year Perspective for Government by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-104
Table 28: World Current & Future Analysis for Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 II-105
Table 29: World Historic Review for Residential by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 II-106
Table 30: World 12-Year Perspective for Residential by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027 II-107
III. MARKET ANALYSIS III-1
GEOGRAPHIC MARKET ANALYSIS III-1
UNITED STATES III-1
Market Overview III-1
Smart LED Lighting Witnesses Steady Adoption III-1
Demand Continues to Grow for Connected LED Lighting Solutions III-2
Increasing Use of LEDs in Retrofit Applications Benefit Market
Expansion III-3
Smart Street Lighting Offers Significant Opportunities for
Market Penetration III-3
Construction Activity Dynamics Determine Trends in Smart
Lighting Market III-4
Exhibit 13: Key Indicators for US Residential Construction Market III-5
Exhibit 14: Number of Housing Starts in Thousand Units by Type
for Single-Family Units and Multi-Family Units (Jan 2020-June
2020) III-6
Lighting Controls: Facilitating Lighting Management Anywhere
Anytime III-6
As COVID-19 Dents Prospects in Automotive Industry, Impact
Imminent on Smart Automotive Lighting Market III-7
Exhibit 15: US Vehicle Sales: % Change in Unit Sales for 2019
Vs 2020 III-8
Regulatory Changes Transform the Country?s Lighting Landscape III-8
Market Analytics III-10
Table 31: USA Current & Future Analysis for Smart Lighting and
Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-10
Table 32: USA Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-11
Table 33: USA 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027 III-12
Table 34: USA Current & Future Analysis for Smart Lighting and
Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-13
Table 35: USA Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-14
Table 36: USA 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027 III-15
Table 37: USA Current & Future Analysis for Smart Lighting and
Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 III-16
Table 38: USA Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 III-17
Table 39: USA 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027 III-18
CANADA III-19
Table 40: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-19
Table 41: Canada Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-20
Table 42: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027 III-21
Table 43: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-22
Table 44: Canada Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-23
Table 45: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027 III-24
Table 46: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 III-25
Table 47: Canada Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 III-26
Table 48: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027 III-27
JAPAN III-28
Table 49: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-28
Table 50: Japan Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-29
Table 51: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027 III-30
Table 52: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-31
Table 53: Japan Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-32
Table 54: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027 III-33
Table 55: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 III-34
Table 56: Japan Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 III-35
Table 57: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027 III-36
CHINA III-37
China Emerges as a Key Market for Smart Lighting Products III-37
Exhibit 16: Urbanization in China in Terms of Percentage Share
of Total Population Living in Cities: 2010-2020 III-37
Smart LED Lighting Market Holds Tremendous Potential in China III-38
Market Analytics III-39
Table 58: China Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-39
Table 59: China Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-40
Table 60: China 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027 III-41
Table 61: China Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-42
Table 62: China Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-43
Table 63: China 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027 III-44
Table 64: China Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 III-45
Table 65: China Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 III-46
Table 66: China 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027 III-47
EUROPE III-48
Europe: A Major Market for Smart Lighting and Lighting Controls III-48
Consumer Interest towards Energy Efficiency Spurs Growth for
Smart Lighting III-48
Smart LED Street Lightings Gather Pace in Europe III-49
Market Analytics III-50
Table 67: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Geographic Region – France, Germany,
Italy, UK and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 III-50
Table 68: Europe Historic Review for Smart Lighting and Control
Systems by Geographic Region – France, Germany, Italy, UK and
Rest of Europe Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2015 through 2019 III-51
Table 69: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Geographic Region – Percentage Breakdown of
Value Sales for France, Germany, Italy, UK and Rest of Europe
Markets for Years 2015, 2020 & 2027 III-52
Table 70: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-53
Table 71: Europe Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-54
Table 72: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027 III-55
Table 73: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 III-56
Table 74: Europe Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 III-57
Table 75: Europe 12-Year Perspective for Smart Lighting and
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Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader
CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.
“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
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Artificial Intelligence
ASC Achieves Certification for Webex Calling
ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.
A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
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Artificial Intelligence
WSPN and MathWallet Jointly Launch StableWallet, Pioneering AA Wallet for Web3
TORTOLA, British Virgin Islands, March 28, 2024 /PRNewswire/ — WSPN, a global digital payments leader providing transparent, fast, and efficient solutions leveraging distributed ledger technology, has partnered with leading Web3 wallet provider MathWallet to launch StableWallet – a groundbreaking new account abstraction (AA) wallet that represents a major advancement in the Web3 space. StableWallet provides enhanced security, convenience, and flexibility for managing digital assets across multiple blockchains.
“Through our partnership with MathWallet, we are proud to introduce StableWallet, leveraging pioneering AA technology to transform digital asset management,” said Raymond Yuan, Founder of WSPN. “StableWallet exemplifies our commitment to driving innovation in digital payments and the Web3 ecosystem.”
Account abstraction (AA) wallets represent a significant leap forward in the Web3 ecosystem, blurring the lines between traditional private key wallets and smart contract-based accounts. By integrating both functionalities, AA wallets enable users to define their wallets through programmable smart contracts, unlocking a realm of advanced features and customization options.
Leveraging the transformative power of Account Abstraction, StableWallet stands at the forefront of security innovation, offering unmatched protection through advanced programmable recovery mechanisms and robust multi-signature controls. Seamlessly blending security with convenience, StableWallet ensures a user-centric experience by automating gas fees, simplifying transactions, and providing limitless customization possibilities through deep integration of programmable smart contracts.
Beyond its pioneering security measures, StableWallet serves as a pivotal link between the Ethereum and Polygon ecosystems, facilitating effortless asset management across diverse chains through a unified cross-chain interface. At its debut, StableWallet boasts essential features such as native support for Ethereum and Polygon networks, flexibility in fee token options with WUSD and USDT, and the capacity for multi-chain crypto smart contract wallet functionalities.
“We are thrilled to partner with WSPN and jointly unveil StableWallet’s powerful capabilities,” said Eric, CTO of MathWallet. “By combining cutting-edge account abstraction technology with robust security features and cross-chain compatibility, StableWallet empowers users to explore the decentralized realm with unparalleled confidence.”
Looking ahead, StableWallet has an ambitious roadmap to roll out new capabilities that will further elevate the user experience. Upcoming features include daily free transfers, batch transactions with one-click execution, enterprise multi-signature smart wallets, and integration with collaboration platforms, etc. These additions, among others, will continuously expand StableWallet’s functionality to meet evolving user needs in the Web3 space.
Whether for a seasoned cryptocurrency enthusiast or a beginner to the blockchain world, StableWallet offers a powerful tool to revolutionize user experience of digital asset management. Stay tuned for upcoming feature releases and network expansions as WSPN and MathWallet continue to push the boundaries of Web3 technology.
About WSPN
WSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology (“DLT”). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD (‘WUSD’), WSPN’s flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 users, WUSD empowers the real economy through secure, transparent, and licensed digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter | LinkedIn
About MathWallet
MathWallet is the Multichain Wallet for Web3 that enables token storage of over 150 chains including BTC, ETH, Polkadot, Cosmos, Filecoin, Solana, BNBChain, etc, supports cross-chain token bridges and multi-chain dApp store. Our investors include Fenbushi Capital, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital.
Visit mathwallet.org for more information.
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