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 [...]

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 [...]

  The IRA provides $400 Billion in federal funding for clean energy carbon reduction to address climate change. The IIJA provides $550 Billion in federal funding, over the next 5 years, for infrastructure, including EV charging infrastructure, as well as numerous projects that often include lighting, such as bridges, tunnels, highways, railway improvements, and more. [...]

  The following is a list of 24 lighting industry trends to watch in 2024, broken into three categories: technology, regulations, and industry. Technology: Alternative ceiling fan blade geometries: Toroidal? Bladeless? AI impacting lighting, including: AI generative design, AI chips going into IoT products, and AI in building automation systems. Emergence of AC COB tape [...]

By Jason Lu, Founder, CECOCECO The lighting industry is witnessing a continuous evolution, driven by technological advancements and creative explorations. ArtMorph, introduced by CECOCECO, is a blend of lighting, display technology, and design. The Concept ArtMorph combines high-resolution LED displays with diverse natural textures like wood, stone, textile, and metal. This integration isn’t just about [...]

  Here are 10 EV charger stories that I found interesting: Hotels Go Big On EV Charging Source: E&E News EnergyWire Until recently, there haven’t been a lot of hotels to meet EV drivers needs with a charging plug. However, new plans by Hilton and Marriott suggest that electric vehicle charging stations could become a regular [...]

  Many companies in the electric vehicle and EV charging industry are failing and collapsing.  Lordstown Motors (OTC:RIDEQ) and Proterra (OTC:PTRAQ) have both filed for Chapter 11 bankruptcy and a plethora of EV makers from Canoo (GOEV), Arrival (ARVL), and Faraday Future (FFIE) all teeter on the brink of collapse as their liquidity base gets eroded by consecutive [...]

Today, LightNOW is shining some light on World Pancreatic Cancer Day. We learned about World Pancreatic Cancer Day through Eric Borden, lighting industry veteran and CEO of Verozza Lighting. Eric is passionate about his philanthropic efforts because the issue is personal for him. Eric volunteers for PanCan, a nonprofit providing patient support and funding research [...]