The World Bank forecasted that 5.2% annual growth for China in 2023 will slow to 4.5% in 2024, and down to 4.3% in 2025. China’s growth has fluctuated dramatically in recent years, ranged from 2.2% in 2020 to 8.4% in 2021 and 3% in 2022. China’s economy is feeling the drag following severe pandemic [...]

  Here is a quick summary of 6 acquisitions in the fourth quarter of 2023: SpecGrade LED was acquired by LED Lighting, LLC. Details here. PE firm acquiring Progress Lighting. Details here. Hess GmbH acquired by Ragni Group. Details here. Fonroche Lighting acquired NoWatt Lighting. Details here.Eurofase Announces Strategic Private Equity Investment. Details here. Acuity [...]

  A different kind of lighting show has been quietly growing. Lightapalooza will be holding its 3rd annual conference & trade show, February 26-29, 2024, at the Renaissance Phoenix Glendale Hotel & Spa, in Glendale, AZ. The event is organized by the Home Technology Specialists of America (HTSA), a national association of specialty retailers and [...]

  Shoplight, a British manufacturer specializing in retail and hospitality lighting, launched a line of 3D-printed bioplastic downlights called Colt Bio. The plant-based polymer downlight housings are upgradable and achieve circular economy principles. The black, white, and grey color options are made from Greentech Pro bioplastic, while the Silk color is made from Non Oilen [...]

Recreational marijuana was legalized in Ohio by a ballot measure that passed on the November 7 election, with 57% of the vote. More info here. The measure, known as Issue 2, allows adults 21 and over to possess up to 2.5 ounces of marijuana and grow up to six plants at home. Ohio’s passage of [...]

  The DLC recently released an update to the LUNA Technical Requirements to clarify and simplify the testing process for LUNA-eligible products. Table 3 has been added to the requirements, which summarizes worst-case photometric testing requirements for LUNA products for spectrum and distribution. The policy has also been changed so that mounting structures no longer [...]

Many of the acquisitions in the lighting industry are driven by private equity firms. Over the 5.5 years between January 2018 and June 2023, private equity (PE) firms have acquired more lighting manufacturers in the US & Canada than either publicly traded companies or private companies that are not controlled by a PE firm. PE [...]

  IES has published ANSI/IES LM-85-23, Approved Method: Optical and Electrical Measurements of LED Sources, which describes the procedures for optical and electrical measurements of LED packages and arrays. The methods in this LM cover white and single-color LED sources and may also be applied to laser diode sources. LM-85 also covers different measurement methods, [...]

  The M18 RADIUS Site Light/Charger with ONE-KEY sets a new standard for cordless lights. Capable of running off of one or two battery packs, The RADIUS™ Site/Light Charger with ONE-KEY delivers full workspace coverage with 9,000 lumens for maximum 360° coverage. Adjustable output levels give the user the ability to light the site for [...]