A new report from Guidehouse Insights assesses the competitive landscape for connected lighting vendors, with Signify, Acuity Brands, and Lutron ranked as the market leaders.
Lighting provides value beyond illumination and integrating the lighting systems with a building energy management system can synchronize lighting with other subsystems, including HVAC controls, security and access, and fire and life safety, to help increase the buildings’ energy efficiency. Connected lighting vendors have been expanding their solutions to fulfill an increase in demand for data-driven solutions, allowing for the collection of data that can be used to ensure the safety of occupants and create a more pleasant workplace experience. According to a Leaderboard report from Guidehouse Insights, Signify, Acuity Brands, and Lutron are the leading vendors for connected lighting solutions for commercial buildings.
“Signify, Acuity Brands, and Lutron have clearly differentiated themselves from the competition through an exceptional solution portfolio, strong partner relationships, and advanced technology development,” says David Gonzalez, research analyst with Guidehouse Insights. “These companies are currently in the strongest position for long-term success in the connected lighting market.”
The group of companies that trail these leaders have a solid foundation for growth and long-term success but have not attained a superior position in the market. They may need to broaden their solution offerings, expand partnerships with building management and software developers, and differentiate themselves with unique features and applications in order to obtain a stronger foothold in the market, according to the report.
The report, Guidehouse Insights Leaderboard: Connected Lighting Vendors, examines the strategy and execution of 14 companies that offer connected lighting solutions. Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global connected lighting market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Connected Lighting Vendors, is a summary and reflects the current expectations of Guidehouse Insights 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 Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.