Artificial Intelligence
The Global Kitchen Lighting Market size is expected to reach $19 billion by 2028, rising at a market growth of 7.6% CAGR during the forecast period
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New York, Feb. 22, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Kitchen Lighting Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Product Type, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06422508/?utm_source=GNW
Due to the incorporation of the Internet of Things, conventional lighting fixtures are currently being replaced by smart lighting fixtures.
Kitchen light fittings are lighting options designed to offer individualized lighting. Modern kitchen lighting fixtures are architectural, recessed, chandeliers, ceilings, floors, wall sconces, desks, and table lamps. These are all options based on consumer preferences. Given these elements, the market for kitchen lighting is anticipated to expand gradually in the coming years.
Some key factors anticipated to propel the kitchen lighting market during the forecast period include the spike in demand for lighting like under cabinet fixtures in the kitchen area and the development of energy-efficient kitchen overhead or ceiling light products like LEDs & OLEDs. In addition, the residential lighting fixture industry projection is also anticipated to benefit from the increasing adoption of hanging lights for kitchens and smart lighting fixtures.
Along with the advancement of smart homes, one crucial part and electrical component is kitchen lighting. End consumers are making significant investments in technology development nowadays. The emergence of smart homes is driving large-scale demand for kitchen lighting. The breakthrough technology used in the lighting sector is LED. Since a few years ago, demand has increased in the industrial field due to LEDs’ high quality and efficiency. Traditional lights’ excessive electricity consumption contributes to the industrial sector’s rising desire for LEDs.
COVID-19 Impact Analysis
The COVID-19 pandemic made it difficult to keep up with end-user demand for electronic components since Wuhan, China, the virus’s epicenter produces most of these components. Worldwide, society and the economy were being impacted by the COVID-19 outbreak. This pandemic impacted the supply chain, and its effects are expanding daily. It is confusing the severely slowed supply chain and heightening consumer anxiety. The closure of manufacturing facilities worldwide has severely hurt the world’s economies, especially developed countries that were on lockdown. The COVID-19 outbreak significantly impacted the way that production and manufacturing businesses operated, which slowed growth. Hence, the pandemic negatively impacted the kitchen lighting market.
Market Growth Factors
Rising E-commerce penetration
The eCommerce sector is expanding quickly as more people worldwide have access to the Internet. The booming e-commerce in the household appliance sector has increased online product sales. Wholesalers control the majority of international e-commerce sales. The industry with the quickest growth is e-tailers, which includes international e-commerce platforms, specialist furniture websites, and lighting websites. Manufacturers, suppliers, and merchants are experimenting with novel approaches to online sales while upholding a consistent and tailored customer experience. The rise in popularity of eCommerce has been considerably aided by artificial intelligence and mobile optimization. Therefore, the market for kitchen lighting will be driven by the e-commerce sector’s quick rise.
More LEDs are being used for kitchen lighting
LED lights outlast conventional lighting in terms of durability. Since LED lights have a lifespan of about 50,000 hours, users won’t need to update them as regularly. They are also safer because they emit less heat and UV radiation than conventional bulbs. Additionally, customers have access to a wider variety of effects. For example, dimmable LED lights make it simple to alter the atmosphere in a space. The market for kitchen lighting is anticipated to rise rapidly due to the increasing popularity of LED lights and their numerous advantages.
Market Restraining Factors
Drawbacks of certain types of LEDs
There is the worry that cool-white and blue LEDs can now produce levels of so-called blue-light hazard higher than those permitted by eye safety standards like ANSI/IESNA RP-27.1-05: Recommended Practice for Photobiological Safety for Lamp and Lamp Systems. The majority of cool-white LEDs exhibit very different spectra from those of incandescent light or a black body radiator such as the sun. In addition, because of metamerism, red surfaces are reproduced particularly poorly by standard phosphor-based cool-white LEDs, causing the hue of products to be perceived distinctively under cool-white LED lighting than under sunshine or incandescent sources. The drawbacks of LED lights will limit their application in the kitchen lighting sector and impede the market’s expansion.
Product Type Outlook
Based on product type, the kitchen lighting market is segmented into pendant lighting, under cabinet lighting, island lighting and track lighting. The island lighting segment acquired a significant revenue share in the kitchen lighting market in 2021. The rising need for islands in kitchens drives the growth of this segment as well. Directly above the kitchen island is where this sort of light hangs. Island pendants or chandeliers, typically arranged in sets of two or three, provide direct task lighting for one of the most crucial prep areas in any kitchen. They may be dimmed for more utility and hang freely from the ceiling.
Distribution Channel Outlook
On the basis of distribution channel, the kitchen lighting market is bifurcated into offline and online. The online segment registered the highest revenue share in the boots market in 2021. This is a result of the advantages the online market provides to its customers, like the flexibility of making purchases from anywhere and at any time. The security of risk-free online transactions and the additional offers on products draw more customers to the network daily. Additionally, the rise in digitalization has helped the platform expand, aiding the market segment in doing the same.
Regional Outlook
Region wise, the kitchen lighting market is analyzed across North America, Europe, Asia Pacific and LAMEA. The Asia Pacific region witnessed the largest revenue share in the kitchen lighting market in 2021. In this region, numerous major participants are registered and unregistered. Due to numerous large-scale vendors, China has a significant market share in the Asia Pacific region. Moreover, over the last few years, China has positioned itself as a significant supplier of goods to other nations. Another element that has aided in expanding the local market is the fast-growing population. As a result, it is expected that Asia Pacific will rule the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Acuity Brands Lighting, Inc., Signify N.V., Koninklijke Philips N.V., General Electric Company, Havells India Ltd., Kichler Lighting LLC, Hubbell Incorporated, ams-OSRAM AG, and Lutron Electronics.
Scope of the Study
Market Segments covered in the Report:
By Distribution Channel
• Online
• Offline
By Product Type
• Pendant Lighting
• Under Cabinet Lighting
• Island Lighting
• Track Lighting
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Panasonic Corporation
• Acuity Brands Lighting, Inc.
• Signify N.V.
• Koninklijke Philips N.V.
• General Electric Company
• Havells India Ltd.
• Kichler Lighting LLC
• Hubbell Incorporated
• ams-OSRAM AG
• Lutron Electronics
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06422508/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit
FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.
“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere.
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
Logo – https://mma.prnewswire.com/media/2519564/Aero_Design_Labs_Logo_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/aero-design-labs-receives-us-and-easa-approval-for-updated-boeing-737-800-drag-reduction-kit-302262953.html
Affordable AI-Powered Legal Solutions
HONG KONG, Sept. 30, 2024 /PRNewswire/ — DocPro Limited, a leading innovator in legal technology, has launched DocLegal.ai, a new platform designed to provide AI-powered legal assistance at an unbeatable price—less than the price of your daily coffee.
DocLegal.ai is a platform that consolidates legal document creation, editing, and review into a single interface. The platform offers the following features:
Custom Document Creation: Users can describe their scenario and receive a tailored legal document.Document Review and Editing: The AI assistant can edit, review, summarize documents, suggest clauses, and highlight potential risks.The platform is designed to provide affordable legal services to small businesses and individuals. It also aims to streamline workflows and automate routine tasks for legal professionals, enabling them to focus on high-value activities.
DocPro Limited has leveraged its experience with DocPro.com, which serves over 50,000 users globally, to develop DocLegal.ai. The company is a graduate of the Cyberport Incubation Program and is currently part of the HKSTP Incubation Program and Google for Startups Cloud Program.
As part of its soft launch, DocLegal.ai is offering exclusive access to the first 500 users for only $2.50 per document. Interested parties can Visit the DocLegal.ai website to sign up.
About DocPro Limited
Founded in 2020, DocPro Limited is a leader in the legal tech space, committed to enhancing the delivery of legal services through innovative AI-powered solutions. With platforms like DocPro.com and DocLegal.ai, DocPro empowers users to create and manage legal documents with unparalleled efficiency and precision. For more information, visit DocLegal.ai.
DocLegal.ai is poised to become an indispensable tool for anyone seeking reliable, efficient, and affordable legal documentation, reinforcing DocPro’s position as a pioneer in legal technology.
Media Enquiries:
Kim [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/docpro-limited-announces-the-launch-of-doclegalai-302260129.html
Artificial Intelligence
Amagi and Phenix Partner to Bring Next-Gen Low Latency and Seamless Ad Insertion for the Ultimate Viewer Experience
Bitmovin Complements the Partnership With Its New Player Web X, Guaranteeing Seamless, Crystal-Clear Video Playback
NEW YORK, Sept. 30, 2024 /PRNewswire/ — Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with Phenix Real Time Solutions to deliver next-generation FAST (free ad-supported streaming TV) and live events with the lowest latency available in the streaming marketplace. Amagi and Phenix will provide a complete turnkey solution for content owners to achieve real-time streaming with subsecond latency and server-side ad insertion (SSAI). By combining automation, scheduling, real-time streaming, and ad monetization, streaming customers can now deliver a “see it here first” experience, eliminate spoilers from social media, and provide a best-in-class viewing experience for their audiences.
Bitmovin adds a unique element to the mix by ensuring effortless, smooth playback on any browser, regardless of the device. Bitmovin’s open-source plugin system makes integration easy and provides the tools to maintain high-quality playback. The latest update also includes compatibility with Phenix Real-Time SSAI, combining flawless playback with real-time ad insertion.
The direct integration with Phenix now enables Amagi to output content from its Amagi CLOUDPORT automated scheduling and playout system into Phenix’s globally distributed real-time streaming network of over 34 points of presence for real-time delivery to viewers with subsecond latency. Further integration between Amagi’s Ad Tech platform and Phenix’s real-time SSAI capabilities facilitates dynamic and personalized ads while maintaining real-time playback and full compatibility with Bitmovin.
Bill Wishon, Phenix’s Chief Product Officer, stated, “Amagi has established itself as the foremost authority on FAST channel delivery. As a cloud-first company, Amagi has built itself into a pioneer in cloud technology for broadcasting and OTT. We are thrilled to join forces with them in delivering these innovative solutions.”
“Working with Phenix, the leader in real-time, scalable streaming delivery, allows Amagi to offer clients a full solution, including the industry’s first server-side ad insertion in real time. We can’t wait to see how customers deploy these workflows for next-generation OTT streaming,” said Richard Perkett, Chief Product Officer at Amagi.
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Representatives from all the companies will be attending Amagi’s LA FAST 2024 conference on Oct. 1. More information is available at www.amagi.com/events/la-fast.
About Amagi
Amagi 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, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About Phenix
As the leader in delivering interactive video at scale, Phenix powers innovative digital experiences that drive acquisition, engagement and retention for some of the world’s biggest brands. Its patented technology is essential for delivering content in real-time that engages audiences with interactive experiences and generates revenue for sportsbooks, sports and gaming properties as well as broadcasters with real-time video streaming to global audiences at broadcast scale. Trusted with streaming video for world-class events like The Oscars, Cheltenham Festival and the Super Bowl, Phenix brings proven experience delivering video to mass audiences for the world’s largest events.
Phenix is headquartered in Chicago, Illinois, with offices in California and Europe. More information is available on the Phenix website or follow them on Twitter and LinkedIn.
About Bitmovin
Bitmovin is the leading provider of video infrastructure for global digital media companies and service providers. The company has been at the forefront of industry innovation and all major developments in the digital video streaming industry.
Bitmovin built the world’s first commercial adaptive streaming player and deployed the first software-defined encoding service that runs on any cloud platform. Its cloud-native technology offers the most flexible and scalable media encoding, playback, and analytics solutions available with unparalleled device reach, ease of integration, and world-class customer support.
Bitmovin customers benefit from optimized operations, reduced time-to-market, and the best viewer experience possible. Bitmovin is headquartered in Denver, Colorado, and has major offices in Vienna, Klagenfurt, Austria as well as London and Berlin. The company has over 400 customers across the globe, including ClassPass, BBC, fuboTV, Hulu, and Discovery.
More information is available at www.bitmovin.com
Photo: https://mma.prnewswire.com/media/2519499/Amagi_and_Phenix_partner.jpg
View original content:https://www.prnewswire.co.uk/news-releases/amagi-and-phenix-partner-to-bring-next-gen-low-latency-and-seamless-ad-insertion-for-the-ultimate-viewer-experience-302262768.html
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