Market Research Report
M&A Creates a New Lighting Ecosystem
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||967893|
|Published||Content info||12 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
|M&A Creates a New Lighting Ecosystem|
|Published: October 22, 2020||Content info: 12 Pages; 3 Tables, Charts & Figures||
The shifting lighting market is creating a new lighting ecosystem, driven by the proliferation of LEDs, the growth of controls, and the subsequent influx of available data. The market no longer solely consists of lighting OEMs-competition has expanded to include players from adjacent markets, technology providers, and startups. Mergers and acquisitions (M&As) are a driving force behind the emerging lighting ecosystem, and they are needed for legacy vendors to maintain relevance and address new client demands. As the lines between solutions in the smart buildings market blur, new opportunities and competition arise.
Building occupants and customers are demanding a more connected, customized, and automated indoor space, pressuring building owners and managers to provide this intelligent building experience. M&As can provide legacy lighting players the ability to expand and shift offerings to deliver these solutions to clients, address declining revenue, and build long-term client relationships.
This Guidehouse Insights report explores the role of M&A in the lighting and intelligent building markets to meet new client demands around actionable insight into the built environment. The report focuses on the necessity of having a strong M&A and partnership strategy, the inclusion of software and service offerings, and role of a long-term client relationship.