Navigant Research Expects Global Market Revenue for Internet of Things Lighting Solutions to Reach $4.5 Billion in 2026

Networked lighting controls and easy-to-use sensors are driving
the evolution from intelligent lighting control systems to Internet of
Things lighting systems, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#Buildings–A new report from Navigant
Research examines the global market for Internet of Things (IoT)
lighting solutions within commercial buildings, providing use cases,
case studies, and forecasts for revenue, through 2026.

IoT lighting solutions bring connectivity to devices that were
previously not connected, can provide data through the connection, and
allow devices within or outside of lighting systems to communicate.
Opportunities for energy and operational cost savings, occupant health
and well-being, and insights from data analytics are driving this market
forward. Click
to tweet: According to a new report from @NavigantRSRCH,
global market revenue for IoT lighting is expected to grow from $651.1
million in 2017 to $4.5 billion in 2026.

“Data generation has increased due to the continual growth of connected
devices,” says Krystal Maxwell, research analyst at Navigant Research.
“The level of granular data produced from an IoT lighting system can be
utilized by other building systems and provide greater insight into the
building as a whole, making lighting an ideal entrance for IoT in
commercial buildings.”

With the aid of networked lighting controls and easy-to-use sensors, the
evolution from intelligent lighting control systems to IoT lighting
systems is accelerating, according to the report. While lighting
controls were originally designed for dimming or daylighting, they have
evolved to also assist with space utilization, conference room
management, increased employee productivity, and improved operational
efficiency through the removal of labor required by facility managers or
other building personnel.

The report, IoT
for Lighting, analyzes the global market for IoT lighting
solutions, including hardware, software, and services, within commercial
buildings. The study examines use cases and provides case studies
highlighting IoT lighting solutions in select building types. Global
market forecasts for revenue, segmented by offering type, building type,
and region, extend through 2026. The report also analyzes market issues,
including key drivers and barriers for IoT lighting solutions in
commercial buildings, as well as prevalent and emerging communication
protocols for IoT lighting systems. An Executive Summary of the report
is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, IoT for Lighting, is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and
the methodologies used to create the report. Neither Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]