The lighting industry has been developing very dynamically in recent years. The driving force for the industry are trends related to technological development, including LED technology and intelligent lighting management systems.
Regulatory factors also play an important role. Improving energy efficiency is one of the main goals of the European Union's energy policy. "Europe 2020" – a strategy adopted to stimulate the development of the EU economy – assumes striving to achieve a 20% increase in the effective use of energy, which requires the implementation of changes in the scope of energy consumption, that is also in lighting.
In the coming years, we can expect further growth of the lighting market, which will primarily relate to energy saving and digitization.
When analysing the most important lighting trends, we see a significant increase in the importance of aspects such as the Internet of Things (IoT), Human Centric Lighting (HCL) and Smart Lighting.
Energy efficiency, LED lighting and LiFi technology continue to be popular issues, although not as much as they once were.
LED technology has revolutionized the lighting industry. Currently, the value of the global LED market accounts for most of the total global lighting market, and according to forecasts, by 2025 LED technology will gain up to 95% share in the lighting market.
The growing popularity of LED lighting results from several factors:
Internet of Things is a concept according to which objects (e.g. household appliances, lighting products) directly or indirectly collect, process or exchange data via an intelligent electrical installation or a computer network.
The areas of IoT applications are basically unlimited, but in the context of lighting systems it is worth mentioning four main areas:
Offering smart solutions compliant with the concept of the Internet of Things is slowly ceasing to be a trend, and instead, it is becoming the norm or even an obligation for manufacturers of luminaires.
Human Centric Lighting is designed to eliminate the negative effects of long exposure to artificial light, i.e. dysregulation of the natural rhythm of life and adverse effect on the overall psychophysical fitness (lower productivity, fatigue, problems with concentration, irritability, insomnia).
HCL solutions – in addition to the automatic central adjustment of lighting to the type of room, time of day, type of work – they also provide the possibility of individual lighting control at individual work stations.
HCL may be applied very extensively, namely:
LiFi (Light Fidelity) is an interesting solution that can be used where traditional WiFi cannot be applied. LiFi uses light waves to provide ultra-fast wireless data transfer technology.
In the coming years, LiFi is not likely to replace traditional transmission technologies globally, but the use of visible light has several very important advantages. Nowadays, it can already complement available solutions, and in the future, it can revolutionize wireless data transmission. It is forecasted that until 2023 the global LiFi market will exceed the value by 50 billion dollars.
Restrictions on LiFi use
Trends visible in the lighting industry have a significant impact on both B2B and B2C segments. Many companies may benefit from the implementation of modern lighting solutions, such as Smart Lighting, HCL and LiFi. That is why more and more producers and distributors in the lighting industry are considering investing in technological innovation.
However, if a company wants to introduce new products to its portfolio or enter new markets, it should conduct a market research first, in order to:
Only data collected in the correct way can be the basis for developing a successful development strategy and conducting effective sales and marketing activities.
We monitor the trends in the lighting industry to support clients who need to take strategic decisions regarding the growth of their businesses.
We know what a great challenge it is to run a business in such a dynamically changing and innovative environment. That is why we support clients through business consulting, market research, marketing research and implementation of innovations.