The realm of seasonal decorations has demonstrated steady growth as holidays, annual celebrations, and themed parties continue to stimulate demand. Consistently, a growing inclination towards products that offer customization, eco-friendliness and are locally sourced, is noticeable, underlining contemporary consumer behaviour. Furthermore, accelerated by the pandemic, the rise of e-commerce has...
Discover more insightsDecorative coatings, involving the use of paints and wallpapers, contribute significantly to the construction and renovation sector. This market is conveniently segmented into two major classifications; paint and paint supplies, and wallpaper and supplies. Through this segmentation, both residential and commercial segments are well-covered thus providing a broad consumer base.
Discover more insightsOver the years, the demand for hospital lighting has increased significantly. This surge can be attributed to factors such as technological advancements in lighting, rising awareness about the importance of adequate illumination in healthcare institutions, and the ongoing expansion of healthcare infrastructure worldwide. Traditional hospital lighting systems are progressively being...
Discover more insightsThe aviation industry's evolution dramatically impacts the lighting market. The industry's relentless quest for enhanced safety, fuel-efficiency, and improved passenger experience create diverse opportunities in the sector. Both commercial airports and heliports require advanced, reliable, and efficient lighting systems to operate optimally under various weather and visibility conditions. As airport...
Discover more insightsThe lighting industry has evolved dramatically, illuminating a path towards sustainable lighting solutions. Among these, Light Emitting Diode (LED) curtain lights are increasingly sought-after. They offer optimal light intensity, energy efficiency, and long-lasting usage. From docile household environment to festive occasions, such lighting solutions significantly reduce the carbon footprint while...
Discover more insightsThe sector is witnessing fresh and invigorating innovation, primarily driven by technological advancements and sustainability concerns. Increased adoption of energy-efficient and smart technologies, alongside the broader acceptance of LED lighting solutions, are some of the prominent trends. Moreover, the demand for aesthetically pleasing and customized lighting systems is gaining momentum....
Discover more insightsMicro LEDs, smaller than 100 micrometers, are efficient light-emitting diodes that promise high image quality and excellent contrast ratios. Their low power usage and extended lifespan, along with the promise of higher pixel density, make them potential game changers in the display market. The global Micro LED market, riding on...
Discover more insightsSignificant growth is evident in the grow lights market, a trend primarily driven by developments in spectrum innovation. This surge in demand is an economic response to the appending pressure on global food supply due to population growth. In addition, the legalization of cannabis in various jurisdictions has created new...
Discover more insightsModern agriculture is increasingly tapping into innovative technologies to boost productivity and sustainability, one of which is advanced lighting solutions. LED lights, with their energy efficiency and longevity, dominate the recent trends. They are preferred not only for their cost-effectiveness over time but also for their ability to provide a...
Discover more insightsSolid state lighting (SSL) represents an innovative lighting technology that relies on semiconductors to convert electricity into light, making it one of the most energy-efficient and rapidly-developing lighting technologies available in the global market. SSL is projected to become a dominant lighting technology due to its potential to provide leadership...
Discover more insightsMarket trends are undeniably impacting the interior design industry. Changing consumer preferences coupled with urbanization and increased construction activity are driving growth in the sector. As consumers acquire new homes or renovate existing ones, they are looking for modern, comfortable, and stylish interiors, pushing interior designers to deliver innovative solutions....
Discover more insightsThere exist several categories of interior lighting products currently available in the market, fundamentally separated into ambient, task, and accent lighting. Ambient lighting structures the primary light source in a room, often emanating from ceiling fixtures or wall sconces. Task lighting focuses on particular areas to facilitate activities such as...
Discover more insightsEconomic dynamics and market trends reveal an increased demand for battery-operated lighting solutions. This demand is driven by certain noteworthy factors. The desire for energy-efficient, convenient, and eco-friendly illumination technology has grown in our current society, steering consumer preference towards battery-powered solutions. Furthermore, the emerging trend of smart homes and...
Discover more insightsThe demand for Lighting as a Service (LaaS) is primarily driven by its inherent ability to alleviate upfront cost burdens related to lighting system deployment. Its advent is observed as a consequence of the servitization trend, where organizations predominantly choose services over owning assets. With advancements in technology, LaaS has...
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