Navigant Research Names Philips Lighting, Acuity Brands, Eaton, and OSRAM the Leading Influencers in the IoT for Lighting Market

Technology advancements and customer demand for increased data and
building insight are expected to contribute to strong global market
growth during the next decade

BOULDER, Colo.–(BUSINESS WIRE)–#AcuityBrands–A new Leaderboard Report from Navigant
Research examines the strategy and execution of 15 key influencers
in the commercial building market for Internet of Things (IoT) lighting,
with Philips Lighting, Acuity Brands, Eaton, and OSRAM ranked as the
leading companies.

IoT lighting solutions bring connectivity to devices that were
previously not connected and provide data (where data was not available)
through the connection. The vendor ecosystem for this market is growing
as additional company types, including those that do not manufacture
their own luminaires, enter the market to focus on sensors and controls
or platforms. Click
to tweet: According to a new Leaderboard report from @NavigantRSRCH,
Philips Lighting, Acuity Brands, Eaton, and OSRAM are the leading market
influencers in the IoT for lighting sector.

“The Leaders within this report have separated themselves from the
competition through a broad solution portfolio, strong partner
relationships, and advanced technology development,” says Krystal
Maxwell, research analyst at Navigant Research. “Contenders and
Challengers in this market will need to improve in various ways, from
expanding their solution offerings to increasing sales to
differentiating themselves through unique features and applications.”

During the next decade, Navigant Research expects to see strong global
growth for IoT lighting solutions thanks to technology advancements and
customer demand for increased data and building insight. According to
the report, the total global market for IoT lighting is expected to grow
at a compound annual growth rate of 23.9 percent from $808.2 million in
2018 to $5.5 billion in 2027.

The report, Navigant
Research Leaderboard: IoT for Lighting, evaluates 15
vendors in the IoT lighting for commercial buildings market. These
players are rated on nine criteria: vision; go-to market strategy;
partners; technology; geographic reach; sales & marketing; solution
performance; solution portfolio; and staying power. Using Navigant
Research’s proprietary Leaderboard methodology, vendors are profiled,
rated, and ranked with the goal of providing an objective assessment of
their relative strengths and weaknesses in the market for IoT lighting
solutions in commercial buildings. 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, Navigant Research Leaderboard: 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]