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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)

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  • 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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

Workers embrace AI and prioritise skills growth amid rising workloads and an accelerating pace of change: PwC 2024 Global Workforce Hopes & Fears Survey

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Almost half (45%) of workers say their workload has increased significantly in the past year, as almost two-thirds (62%) say the pace of change at work has increased over the same timeMore than one-quarter (28%) say they are very or extremely likely to switch employer in the next 12 months – a higher proportion than during the ‘Great Resignation’ (19%) in 2022Employees prioritise skills-growth: fewer than half (46%) strongly or moderately agree that their employer provides adequate opportunities to learn new skills. This is particularly important for workers considering leaving: two-thirds (67%) say opportunities to learn new skills are a key factor in any decision to job-switchMore than 80% of workers who use generative AI daily expect it to make their time at work more efficient in the next 12 months. Half (49%) of all users expect it to lead to higher salariesCost-of-living pressures ease slightly: the proportion of workers with money left over each month rises to 45% (compared to 38% in 2023). However, 52% say they are still financially stressedLONDON, June 25, 2024 /PRNewswire/ — Among more than 56,000 workers across 50 countries and territories, many say they are prioritising long-term skills growth to accelerate their careers amid rising workloads and heightened workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, published today.

In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change. Nearly two-thirds (62%) say they have experienced more change at work in the past year than the 12 months prior, with two-fifths (40%) noting their daily responsibilities have changed to a large or very large extent. Almost half (44%) don’t understand the purpose of changes taking place.
In the midst of this growing mix of employee pressures, the findings suggest workers are alert to opportunities elsewhere, and are highly focused on skills growth and embracing AI.
More than one-quarter (28%) say they are likely to switch employer in the next 12 months, a percentage far higher than during the ‘Great Resignation’ (19%) of 2022. Two-thirds (67%) of those considering moving say skills is an important factor in their decision to stay with their current employer or switch to a new one.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, said:
“As workers face heightened uncertainty, rising workloads and continue to face financial stress, they are prioritising skills growth and embracing new and emerging technologies such as GenAI to turbocharge their growth and accelerate their careers. The findings suggest that job satisfaction is no longer enough. Employees are placing an increased premium on skills growth in a climate characterised by constant technological change. Employers must ensure they are investing in their employees and technological platforms to mitigate employee pressures and retain the brightest talent.”
Workers embrace AI to ease workplace pressures and unlock personal growth
As employees face heightened workplace pressures, they are also turning to new and emerging technologies such as generative AI (GenAI) to help. Among those employees who use GenAI daily, 82% expect it to make their time at work more efficient in the next 12 months.
Employees are also optimistic about opportunities for GenAI to support their growth. Half (49%) of all users expect GenAI to lead to higher salaries – an expectation that’s even higher (76%) among employees who use the technology daily. More than 70% of users agree that GenAI tools will create opportunities to be more creative at work (73%) and improve the quality of their work (72%).
The skills imperative
Workers are placing an increased premium on skills growth to mitigate their concerns and accelerate their careers. Employees who say they are likely to switch employers in the next 12 months are nearly twice as likely to strongly consider upskilling in that decision than workers planning to stay (67% vs. 36%). This comes as fewer than half (46%) of all employees moderately or strongly agree that their employer provides adequate opportunities to learn new skills that will be helpful to their careers.
Employees who are likely to leave in the next year may be more attuned to skills changes that are needed than the general workforce, with 51% moderately or strongly agreeing that the skills their job requires will change in the next five years (vs. 29% of those unlikely to change employer).
There is particular interest in the impact of AI on skills development, with 76% of all users expecting it to create opportunities to learn new skills at work. However, employers will need to invest heavily in new and emerging technology training and access. Among employees who have not used GenAI at work in the last 12 months, one-third (33%) don’t think there are opportunities to use the technology in their line of work, while 24% don’t have access to the tools at work, and 23% don’t know how to use the tools.
Despite the pace of change, there are also signs of optimism and engagement at work. 60% of workers expressed at least moderate job satisfaction (up from 56% in 2023) while more than half (57%) of employees who view fair pay as important agree that their job is fairly paid. Cost-of-living pressures have slightly eased since 2023 (the proportion of workers with money left over each month has risen to 45%, up from 38%). However,  more than half (52%) say they are still financially stressed to some degree.
Pete Brown, Global Workforce Leader, PwC UK, said:
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world. Businesses in turn must be proactive in their upskilling programs – prioritising the employee experience and being transparent. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”
Notes to Editors: 
About the Survey
In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are in work or active in the labour market. The sample was designed to reflect a range of industries, demographic characteristics and working patterns. You can read the full report on pwc.com.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Contact:  Imran Javaid, Global Corporate Affairs and Communications, PwC UK: [email protected] Dan Barabas, Global Corporate Affairs and Communications, PwC UK: [email protected]
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Artificial Intelligence

Amagi Showcases New Stream Technology With VIZIO

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Amagi’s new Zero Slate delivers personalized linear streaming, resulting in increased viewership on VIZIO FAST channels 
NEW YORK, June 24, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), today announced the first successful showcase of Amagi’s Zero Slate technology on VIZIO’s owned and operated WatchFree+ channels, part of Amagi’s broader Stream Personalization initiative. This innovative new offering enhances the streaming experience with its highly impactful, patent-pending technology that can dynamically adjust the length of ad breaks on a per-viewer basis, eliminating the need for slates or filler to round out linear ad breaks.

This new “viewer-first” personalized approach to digital streaming has already demonstrated a lift in viewership (Amagi ANALYTICS showing more than 20% increase) on VIZIO’s owned and operated channels utilizing the Zero Slate capabilities. This industry-first innovation from Amagi paves the path for a more engaging and profitable future for entertainment and enhanced viewer experiences.
Data from Amagi ANALYTICS indicates that slates, often used to fill the unsold portion of ad pods, may increase viewer churn by as much as 15% in today’s Free Ad-supported Streaming TV (FAST) ecosystem. Zero Slate’s early success demonstrates that personalizing pod length can boost viewer engagement, enabling more high-quality viewing experiences over time. This capability also represents an important first step for Amagi toward a broader suite of Stream Personalization capabilities that offer even more engaging linear viewing experiences.
“We are pleased to partner with Amagi on this showcase of their Zero Slate technology. This collaboration reinforces VIZIO’s commitment to enhancing user experiences and delivering personalized content as we expand Zero Slate across more channels,” said Katherine Pond, Group Vice President of Platform Content and Partnerships at VIZIO.
“We are grateful to have partnered with an industry leader like VIZIO to test the impact of our new Zero Slate capability and are excited about Stream Personalization’s ability to further transform the linear viewing experience,” said Srinivasan KA, Co-founder and Chief Revenue Officer, Amagi.
About VIZIOFounded and headquartered in Orange County, California, our mission at VIZIO Holding Corp. (NYSE: VZIO) is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. We are driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful operating system. We also offer a portfolio of innovative sound bars that deliver consumers an elevated audio experience. Our platform gives content providers more ways to distribute their content and advertisers more tools to connect with the right audience.
For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and [email protected] 
About AmagiAmagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000 channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
Link to Word Doc: www.wallstcom.com/Amagi/240624-Amagi-VIZIO_ZSlate.docx 
Agency Contact:Joseph LesieutreWall Street CommunicationsEmail: [email protected]
Amagi Contact:Aashish WashikarDirector – Corporate CommunicationsEmail: [email protected]: +91 9533390005

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ResourceWise Brings Its Cross-Commodity Data and Analytics Expertise to New Oleochemicals Service

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ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 
CHARLOTTE, N.C., June 24, 2024 /PRNewswire/ — ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 

For the first time, one digital product encompasses expertise that spans all the key commodity sectors that ResourceWise covers. Dedicated to renewable feedstock, the new platform-based oleochemicals analysis and insight tools draw on decades of experience within each distinct business sector. 
Dwight Lynch, Biomaterials Business Manager at ResourceWise, is leading the transition towards data and insight on renewable intermediates and biobased and biodegradable polymer inputs. 
“Navigating oleochemicals markets at a time when regulation, legislation, and competition from renewable fuels markets are the key drivers is a challenge. Our new service offers pricing and analysis that informs decision-makers and allows sustainable business to thrive.” 
The new oleochemicals portal in ResourceWise’s flagship chemicals market intelligence platform, OrbiChem360, has evolved beyond its legacy biomaterials insights to focus on the fats and oils markets that are key to sustainability.  
It presents pricing data and analysis that ResourceWise biomaterials experts have furnished within OrbiChem360 this past decade and includes a crude tall oil (CTO) price index. The inclusion of a forest-based output introduces the ResourceWise platform FisherSolve’s pulp and paper industry insight to our portfolio. 
Pete Stewart, the CEO of ResourceWise, is focused on the future. “From raw material converters to end-use consumer goods producers, manufacturing value chain participants are increasingly seeking cross-commodity insights to meet low-carbon targets. We are building and providing the data and analytics businesses need to achieve environmental, social, and governance (ESG) targets and market products competitively worldwide.  
“The ResourceWise mission is to use the intelligence within the increasingly inter-related business sectors we have harnessed to guide customers in their journey toward a net-zero future. This new offering is the first of many milestones in our endeavor to do just that,” adds Stewart.  
A Streamlined Renewable Chemicals Service  
The new product leverages oleochemical pricing and commentary gathered by ResourceWise legacy brands since 2014 and insight collected since the 1990s. It extends our regional reach with additional price points and streamlines the data and analytics provided.  
The new portal is designed with personal care, cosmetics, detergents, lubricants, pharmaceuticals, flavor and fragrance, and food and beverage market participants in mind. However, it provides pricing data and insights for producers, intermediaries, and consumer product manufacturers in broader industries. 
More Than Forty Current and Historical Prices          
International price indexes for oleochemicals include the feedstocks soybean, coconut, tall, rapeseed, and palm oils, as well as tallow and glycerine grades Dozens of spot and contract prices for fatty acids and fatty alcohols plus comprehensive commentary based on intelligence from a worldwide contact base       Low-carbon price benchmarks and commentary in our oleochemicals offering will increasingly leverage intelligence on the biofuels sector within the Prima CarbonZero platform      Global Trade Flow graphics for all oils and tallow to help customers understand how key plant and animal-based feedstocks are traded globally to identify new markets and sources   Industry experts contextualize data, making it actionable, and respond personally to customer inquiries By bridging information gaps in the chemicals market, OrbiChem360 subscribers gain a competitive edge in volatile markets. The platform provides decision makers with robust, data-driven insight that unravels market trends so they can harness growth opportunities. For more information on the OrbiChem360 platform, visit the ResourceWise OrbiChem360 page. 
CONTACT:
Contact:Suz-Anne Kinney          Vice President, Marketing & Communications at [email protected]  +1 (980) 233-4021
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