Networked Lighting Control (NLC) "connected lighting" systems are at the forefront of smart technologies available to building owners and tenants, as well as energy companies and regulators, as they look to improve the efficiency and appeal of their commercial buildings. NLCs deliver automated and dynamic lighting networks that optimize energy consumption by connecting with sensors throughout a property. Connectivity is the next step in driving energy savings from upgraded lighting capabilities. The still ongoing switch to Light-Emitting Diode (LED) luminaires from traditional bulbs can bring a 50% energy use reduction. NLC leverages LED to enable dynamic light dimming and operation to ensure lights are only on as needed. Key to such control is lighting level and occupancy sensors, but the NLC system can be extended beyond just efficient lighting to provide a backbone for a host of other connected applications, such as indoor location services for asset tracking in a warehouse or product discovery in retail stores.
The construction industry is one of the world’s largest consumers of resources (sand and building materials) and produces significant waste. Around 40% of global energy consumption can be linked directly to buildings. This sustainability challenge makes the role of smart buildings paramount to meeting zero-emission initiatives worldwide.
More than 50,000 technology innovators and decision makers rely on ABI Research for deep insight and analysis of transformational technologies and key markets. In addition, we also provide an impartial and expert perspective on the companies that are shaping these technologies and industries.
In 2027, ABI Research expects 6.4 million smart hotel room devices to ship worldwide. That’s double the 3.2 million smart hotel room devices that shipped in 2022, growing at a Compound Annual Growth Rate (CAGR) of 24.6% between 2021 and 2027.
In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.
More than 50,000 technology innovators and decision makers rely on ABI Research for deep insight and analysis of transformational technologies and key markets. In addition, we also provide an impartial and expert perspective on the companies that are shaping these technologies and industries.
Creating a smart environment is impossible without a thorough, real-time awareness of conditions and fluctuations within a building. And sensors are a key component in gathering the required real-time intelligence. After the enduring impacts of the global COVID-19 pandemic, commercial building management systems are held to new standards as many companies transition back to the office. For example, occupancy sensing is important for designing smaller, more flexible workspaces for hybrid environments.
By 2027, the smart home hardware market will be a US$18 billion opportunity in Asia-Pacific, an industry that has historically been dominated by the North American market and its vendors. However, that trend is over and vendors will increasingly have to adapt their smart home strategies and products in response to the impact of developing Chinese and Asia-Pacific smart home markets.
The following market trends came from ABI Research’s Smart Apartments and Multiple Dwelling Units research analysis report.