Philips Lighting, Acuity Brands and OSRAM leading IoT for lighting market

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Philips Lighting, Acuity Brands, Eaton, and OSRAM are among the leading players in the Internet of Things (IoT) for lighting market, according to a new report from Navigant Research.

The report, which can be found here, assesses 16 vendors in total, including larger vendors, such as Cisco, Intel, Schneider Electric, and Siemens. These players are all placed as challengers, as opposed to contenders or leaders.

Navigant Research argues that the total global market for IoT lighting is set to hit $ 5.5 billion by 2027, up from $ 808.2 million this year.

The research firm defines IoT for lighting as ‘adding value beyond illumination.’ “Connectivity and communication can happen between devices within the lighting system and between lighting devices and non-lighting devices,” it adds. “Within lighting systems, such communication can be accomplished through lighting controls. Networked lighting controls achieve many of the aspects described in this definition of IoT lighting solutions.”

The report assesses a variety of questions, including the drivers pushing ahead the IoT for lighting market, global revenue forecasts, and the strengths and weaknesses of each company.

“The leaders within this report have separated themselves from the competition through a broad solution portfolio, strong partner relationships, and advanced technology development,” said Krystal Maxwell, Navigant research analyst. “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.”

In terms of how smart lighting equates to the IoT, a blog post from OSRAM explains the link. “Currently, we are at the infancy stage of what the IoT will enable – today we are seeing just a sliver’s worth of applications from a very big pie of potential applications,” the blog notes. Smart lighting is playing a pivotal role, unlocking the power of the IoT and smart building applications.

“Lighting is ubiquitous throughout all buildings and every luminaire is connected to a source of power,” it adds. “It is the perfect conduit for collecting data on what is happening in the building at any given time.”

You can read the Navigant synopsis here. Latest from the homepage

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Acuity Brands acquire Lucid Design to gain share in smart home solutions market

Acuity Brands, an Atlanta based electronics manufacturing company announced its acquisition of Lucid Design Group, a provider of building analytics and business intelligence platform. Terms of the deal were not disclosed. Acuity looks forward to unlocking the value of the Internet of Things (IoT) capabilities in buildings by combining Lucid’s software platform with Acuity Brand’s networked sensors.

Based in Oakland, CA, Lucid provides a SaaS-based BuildingOS platform that enables users to gain insights into the operations of their buildings. Lucid has built integrations into over 180 different building data systems and services, including systems tracking utility data, building automation systems, work order systems, and property management solutions.

“We are excited by the opportunity to leverage Acuity Brands’ broad IoT and control capabilities to deliver a complete solution to our customers,”Will Coleman, CEO, Lucid Design Group, Inc.

Acuity Brands, a leading provider of lighting and building management solutions hit $ 3.5 billion in sales in 2017. While the acquisition is not expected to have a material impact on the financial bottom line of the company this year, it will fuel growth for Acuity in years to come.

“Lucid’s technology will allow us to extend the power of our digital networked lighting, building management and IoT solutions,” Laurent J. Vernerey, President of the Acuity Technology Group and Executive Vice President of Acuity Brands, Inc.

Over the past few years, Acuity Brands is transforming from a traditional lighting manufacturer into a state-of-the-art software solution provider within the IoT domain. In July 2016, Acuity made a similar acquisition of 100 percent equity stake in San Francisco-based DGLogik Inc., a provider of innovative software solutions for efficient energy usage and facility performance to enhance its portfolio of holistic IoT solutions.

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