Lighting as a Service Market to 2021: N.A. Dominates 46% CAGR Global Growth

The lighting as a service market is projected to hit USD 638.7 million by 2021 with municipal end user segment expected to grow at a highest CAGR while North America is expected to be the largest market for lighting as a service.

Lighting as a service (LaaS) is an enhanced form of lighting that is enabling the move from traditional lighting to smart lighting using sensors and Internet of Thing (IoT) technology to reduce energy cost and increase energy efficiency without any investment from the end-user. Increasing demand for energy efficient lighting and government policies and regulations for adoption of energy efficient lighting systems are expected to drive the lighting as a service market. Lack of awareness about the true value propositions of the lighting as service model is acting as a restraint for the growth of the lighting as a service market.  

The Municipal segment is expected to witness fastest demand during the forecast period. The municipal end users include lighting offered by local governments for streets, open public spaces, walkways, bridges, public parking areas, and highways. Plans to develop smart city infrastructure is driving municipalities to adopt advanced, intelligent lighting systems.

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Martinsville Speedway Announces LED Lighting Project

Martinsville Speedway remained one of the few tracks on the NASCAR Sprint Cup Series schedule without permanently installed track lighting. That all changed on Wednesday afternoon.

The historic Martinsville Speedway is set to install lights. Martinsville track President Clay Campbell, Dale Earnhardt Jr., and Bill Mansfield from Graybar (company installing the lights) announced plans on Tuesday. The lighting project will cost five million dollars and the expected completion date is the end of 2016.

Track lighting will be implemented for “insurance” purposes after last year’s Goody’s Headache Relief Shot 500. 18 cautions and threat of rain almost stopped the event short due to darkness. While the race was completed in it’s entirety, Jeff Gordon’s victory lane celebration took place under spotlights.

Martinsville is the first track to install LED lighting which is energy efficient and can be turned on instantly. LED lights will make the race look better both on TV and in person.  Earnhardt Jr. added, “I think it’s great for the racetrack and it certainly opens up a ton of possibilities for the future of the track itself.”

Fans have been asking about a night race at Martinsville Speedway for many years. However, NASCAR’s start times in 2017 are already locked in. Campbell said talk of anything beyond 2017 would only be speculation.

While a night race at Martinsville would be great, there’s something traditional about short track racing on a Sunday afternoon. Martinsville Speedway is the poster child for tradition. On the other hand a night race at Martinsville could bring a whole new sense of excitement to the track.

The Sprint Cup Series will visit Martinsville Speedway again on October 30th. This race will kick off the Round of Eight in the 2016 Chase for the Sprint Cup.

Written by: Aaron Hale

Original Article: http://beyondtheflag.com/2016/10/13/martinsville-speedway-announces-lighting-project/

Customer Service Disruptions Likely To Drag Down Cree's Top-Line In Q1'17 Too

Leading LED manufacturer, Cree  ( CREE ) is set to report its Q1 2017 earnings on October 18th.   (Fiscal years end with June.) Going by the company's guidance for the quarter, we can expect its revenues and margins to decline in Q1'17, both sequentially and on a year-over-year basis. The primary reason for the decline can be attributed to the customer service disruptions caused by an ERP system upgrade that was initiated by Cree in fiscal Q3'16. It is worth noting that the company's sales cycle lasts around two to three quarters, and for this reason we can expect the negative impact of service disruptions caused in Q3'16 to last into Q1'17 as well. Furthermore, Cree expects its operating revenues to remain flat in FY 2017, even though it forecasts the overall market size to expand during this period. Fierce competition in the LED industry, and its impact on pricing, are the reasons behind sluggish revenue growth for the company.

Read more: http://www.nasdaq.com/article/customer-service-disruptions-likely-to-drag-down-crees-top-line-in-q117-too-cm693628#ixzz4NO8yqK67

ABB Lighting Renames as Above All Lighting

ABB Lighting, a leading manufacturer of LED fixtures, announced that it has officially changed its name to Above All Lighting. The "Above All" name helps create a more distinct name for the company as it strives to continuously improve and earn a spot among the best in the LED lighting field.           

In addition to re-branding the company, the Above All Lighting Board of Directors has announced other changes to the management team.

To read the full article go here:  http://www.ledinside.com/news/2016/10/abb_lighting_renames_as_above_all_lighting