Session 3: The Future of Market Transformation: The Trends that are Driving the Lighting Industry’s Market Transformation
Date & Time
Wednesday, February 12, 2020, 4:45 PM - 5:15 PM
The lighting market is maturing in terms of LED’s achieving maximum technology levels and replacement product availability. Demonetization has accelerated this transformation. The conspicuous changes occurring now involve non-energy benefits of lighting. Organizations previously focused on the energy efficiency gains made possible by LED conversions are now broadening their criteria to include other aspects of light sources and luminaires. Market shifts toward lightings integration into IoT/smart cities/connected lighting systems and quantifying the health impact on life forms including humans, animals and plants for horticulture are influencing new requirements in existing market transformation programs. This is occurring concurrent with the research with the risk of organizations leaping ahead of the science. This presentation will discuss the trends driving market transformation and will offer a glimpse into lighting’s trajectory into this brave new world while predicting the velocity of those changes.