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Global Smart Lighting and Control Systems Market to Reach US$93.3 Billion by the Year 2027

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New York, July 28, 2021 (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
7 Billion in the year 2020, is projected to reach a revised size of US$93.3 Billion by 2027, growing at a CAGR of 14.7% over the analysis period 2020-2027.Light Emitting Diodes (LEDs), one of the segments analyzed in the report, is projected to grow at a 17.7% CAGR to reach US$67.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fluorescent Lamps segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 28% share of the global Smart Lighting and Control Systems market.

The U.S. Accounts for Over 24.2% of Global Market Size in 2020, While China is Forecast to Grow at a 18.4% CAGR for the Period of 2020-2027

The Smart Lighting and Control Systems market in the U.S. is estimated at US$8.7 Billion in the year 2020. The country currently accounts for a 24.24% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$14.5 Billion in the year 2027 trailing a CAGR of 18.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR while Rest of European market (as defined in the study) will reach US$14.5 Billion by the year 2027.

Other Lighting Sources Segment Corners a 11.6% Share in 2020

In the global Other Lighting Sources segment, USA, Canada, Japan, China and Europe will drive the 13.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$8.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.2 Billion by the year 2027.

Select Competitors (Total 63 Featured)

  • ABB
  • Acuity Brands
  • Belkin International, Inc
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Elgato Systems
  • Enlighted, Inc
  • General Electric Company
  • Helvar
  • Honeywell International Inc
  • Hubbell Incorporated
  • Koninklijke Philips NV
  • Legrand S.A
  • Leviton Manufacturing Company, Inc
  • LG Electronics Inc
  • LightwaveRF Plc
  • Lutron Electronics Co., Inc
  • OSRAM Licht AG
  • RAB Lighting, Inc
  • Schneider Electric SE
  • Synapse Wireless, Inc
  • Wipro Enterprises (P) Limited
  • Zumtobel Group AG

Read the full report: https://www.reportlinker.com/p05961143/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and Looming Global Recession
COVID-19 Pandemic Impacts Smart Lighting Market
Home Office Trend Drives Demand for Lighting Solutions with
Smart Features
Smart Lighting Solutions to be part of Recovery Plans of
European Countries
IoT- and LED-Powered Platforms to Allow Safe Return of People
to Workplaces
Pandemic Crisis Weakens Economic Environment, Triggering
Negative Tide in GDP
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2019, 2020 & 2021
An Introduction to Smart Lighting & Control Systems
Smart Lighting: Energy-Efficient, Dynamic, Digital, and Connected
Global Market Prospects & Outlook
LEDs Continue to Gain Over Other Smart Lighting Technologies
Developed Regions Lead, Developing Nations to Boost Long-term
Growth
Competition
Product Differentiation: The Key to Success
Effective Marketing Strategies: A Must for Success in the
Marketplace
Technology and Other Risks Faced by Vendors in the Smart
Lighting Business
Smart Lighting Controls Market: Competitive Landscape
Startups Exhibit Growing Interest in Smart Lighting Market
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Superior Attributes of Smart Lighting over Traditional Lighting
to Boost Market Prospects
Prominent Technologies with Potential to Transform Lighting
Industry
IoT and Artificial Intelligence Gain Significance in Lighting
Applications
Convergence of IoT and Lighting Devices
Emphasis on Achieving Energy and Cost Savings amidst Spiraling
Electricity Consumption: The Fundamental Growth Driver
EXHIBIT 2: Projected Global Demand for Electricity (MWh): 2015,
2020, 2025, 2030 & 2035
Transforming Effect of Smart, Intelligent, and Intuitive
Lighting on Human Life Drives Market Expansion
Smart Intelligent LED Lighting Catalyzes Growth Prospects
LED and Other Lighting Technologies: A Comparison
Connected, Embedded, and Sustainable Lighting Drive Enormous
Changes in Luminaire Design and Functionality
Rise of Smart Cities and Focus on Smart Energy Management Opens
Up Opportunities for Smart Lighting Products
EXHIBIT 3: Global Market for Smart City Technologies in US$
Million for the Years 2019 and 2025
Smart Lighting Systems Find High Demand from Street Lighting
Networks
Connected Street Lighting to Surge Post Pandemic
New Smart City Projects Spur Market Growth for Smart Street
Lighting Systems
Connected Lighting to Witness Emergence of Several New Trends
Consumer Spending on Smart Home Technologies Presents
Opportunities for Smart Lighting Solutions
EXHIBIT 4: Global Smart Homes Market (In US$ Billion) for the
Years 2019, 2021, 2023 & 2025
EXHIBIT 5: Global Smart Home Market Breakdown by Technology
(in %) for 2018 and 2022
EXHIBIT 6: Smart Home Penetration Rate (%) by Region/Country: 2020
Increasing Adoption of LEDs in Innovative Niche Lighting
Markets Favor Market Expansion
Controls: Augmenting the Intelligent Quotient of Smart Lighting
Lighting Controls Offer Higher Savings, Energy Efficiency, and
Space Efficiency
Convenience & Advances Boost Popularity of Wireless Lighting
Controls
Controls for Connected, Intelligent, and Advanced LED luminaires
Commercial Lighting: Adoption of Smart Lighting Systems Surges
As a Measure to Cut Energy Costs
Lighting Technology Advancements for Commercial Buildings
Connecting End-to-End Building Systems Using Smart Lighting
Residential Sector: A Potential Laden Application Segment in
the Long Run
Smart Lighting for Homes Surges amidst the Pandemic
Demand Rises for Smart, Energy Efficient Lighting Systems in
Industrial Applications
Specialty Lighting Applications to Boost Demand for Smart
Lighting Systems
UV Light Emerges as Important Weapon in War against COVID-19
Pandemic
Smart Lighting Deployments Gain Momentum in Government
Buildings and Public Lighting
Smart Lighting Solutions to Meet Needs of Healthcare Facilities
Advances in Lighting System & Controls Drive Adoption in
Healthcare Facilities
Introduction of Interoperable Communication Networks Fuels
Demand for Wireless Lighting Devices
Advent of Novel Standards Fuel Demand for Bluetooth-Enabled
Communication Devices
Technology Advancements in Smart Lighting & Controls to Boost
Market Prospects
Li-Fi to Emerge as Game Changer
OLED Lighting Remains a Niche Category
Horticulture Lighting with Smart LEDs for Enabling City Farming
Ongoing Covid-19 Pandemic Fuels Demand for Touch Free LED
Lighting Devices
Government Policies Spur Adoption of Energy Efficient Lighting
Solutions, Spur Opportunities for Smart Lighting Market
Impact of COVID-19 on the Construction Sector Tones Down Near-
term Growth Prospects
EXHIBIT 7: World Construction Industry (in US$ Trillion) for
the Years 2017, 2019 & 2022
Demographic Trends Influence Market Prospects
EXHIBIT 8: World Population (in Thousands) by Geographic Region
for the Years 2019, 2030, 2050, 2100
Urbanization Drives Need for Efficient, and Longer Lasting
Smart Lighting Solutions
EXHIBIT 9: World Urban Population in Thousands: 1950-2050P
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
Growing Middle Class Population
EXHIBIT 11: Global Middle Class Population (In Million) by
Region for the Years 2020, 2025 and 2030
EXHIBIT 12: Global Middle Class Spending (US$ Trillion) by
Region for the Years 2020, 2025, 2030
Improving Standards of Living
Key Challenges Hampering Market Prospects for Smart Lighting

4. GLOBAL MARKET PERSPECTIVE
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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and %
CAGR

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

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 and % CAGR

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 and %
CAGR

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

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 and % CAGR

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 and %
CAGR

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

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 and % CAGR

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 and %
CAGR

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

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 and % CAGR

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 and %
CAGR

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

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 and % CAGR

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 and %
CAGR

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

III. MARKET ANALYSIS

UNITED STATES
Market Overview
Smart LED Lighting Witnesses Steady Adoption
Demand Continues to Grow for Connected LED Lighting Solutions
Increasing Use of LEDs in Retrofit Applications Benefit Market
Expansion
Smart Street Lighting Offers Significant Opportunities for
Market Penetration
Construction Activity Dynamics Determine Trends in Smart
Lighting Market
EXHIBIT 13: Key Indicators for US Residential Construction Market
EXHIBIT 14: Number of Housing Starts in Thousand Units by Type
for Single-Family Units and Multi-Family Units (Jan 2020-June
2020)
Lighting Controls: Facilitating Lighting Management Anywhere
Anytime
As COVID-19 Dents Prospects in Automotive Industry, Impact
Imminent on Smart Automotive Lighting Market
EXHIBIT 15: US Vehicle Sales: % Change in Unit Sales for 2019
Vs 2020
Regulatory Changes Transform the Country?s Lighting Landscape
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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

CANADA
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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

JAPAN
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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

CHINA
China Emerges as a Key Market for Smart Lighting Products
EXHIBIT 16: Urbanization in China in Terms of Percentage Share
of Total Population Living in Cities: 2010-2020
Smart LED Lighting Market Holds Tremendous Potential in China
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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

EUROPE
Europe: A Major Market for Smart Lighting and Lighting Controls
Consumer Interest towards Energy Efficiency Spurs Growth for
Smart Lighting
Smart LED Street Lightings Gather Pace in Europe
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 and %
CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

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

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 and % CAGR

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 and % CAGR

Table 75: Europe 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

Table 76: Europe 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 and % CAGR

Table 77: Europe 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 and % CAGR

Table 78: Europe 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

FRANCE
Table 79: France 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 and % CAGR

Table 80: France 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 and % CAGR

Table 81: France 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

Table 82: France 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 and % CAGR

Table 83: France 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 and % CAGR

Table 84: France 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

Table 85: France 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 and % CAGR

Table 86: France 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 and % CAGR

Table 87: France 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

GERMANY
Table 88: Germany 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 and % CAGR

Table 89: Germany 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 and % CAGR

Table 90: Germany 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

Table 91: Germany 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 and % CAGR

Table 92: Germany 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 and % CAGR

Table 93: Germany 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

Table 94: Germany 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 and % CAGR

Table 95: Germany 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 and %
CAGR

Table 96: Germany 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

ITALY
Table 97: Italy 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 and % CAGR

Table 98: Italy 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 and % CAGR

Table 99: Italy 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

Table 100: Italy 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 and % CAGR

Table 101: Italy 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 and % CAGR

Table 102: Italy 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

Table 103: Italy Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual

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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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