|
Message From The Editor
Smart Moves
In preparing our featured series The Smart Move, I delved into where smart technology is heading in the housing market. While single-family households may prefer buying their smart appliances piece meal, one device at a time from mass merchants, there is a sizable sales opportunity for lighting distributors who partner with property developers and managers.
According to recent research, the multifamily smart home market is in its early stages, making it a great time to jump in. The Smart Home Opportunities in Multifamily Properties study by Parks Associates revealed 27% of MDU residents surveyed have smart devices provided by their landlord or property owner.
“MDU households, including residents in apartments, student housing, or senior living facilities, already outpace single-family households in smart home device ownership,” said Elizabeth Parks, President of Parks Associates. “One-half of consumers who have property-provided devices use them daily, so many stakeholders will find a receptive market in MDUs. New investments to improve onboarding and the user and property management experiences will further heat up this sector.”
Connectivity – from door locks and video doorbells to thermostats, lighting, and appliances – is an attractive benefit that residents are willing to pay a premium to have. Working with the property managers and developers you serve is a win-win for profitability. Read the articles below in our series for specific details. |
|
|
|
This Just In
New Leadership at Current After Hubbell Merger
Leadership changes and new appointments made following news of the completed merger between GE Current and Hubbell’s commercial and industrial lighting business. Read More |
|
GE Current Completes Hubbell® Acquisition Under Current Brand
Perhaps a little earlier than most in the industry anticipated – GE Current has completed its acquisition of Hubbell® Inc.’s commercial and industrial lighting business and branded the new combined entity as Current. Read More |
|
ControlBright Receives Funding From Traction Capital
The burgeoning field of lighting controls continues to attract private equity funding as hybrid venture capital- private equity firm Traction Capital invests $500,000 in Minnesota industrial lighting and controls company, ControlBright. Read More |
|
|
This Just In
Daintree® Networked Lighting Controls Are Now DLC®-Certified
Lighting designers and building owners needing certified full-featured lighting controls for commercial and industrial projects can select Daintree® Networked wireless lighting controls, which are now listed as a DesignLights Consortium® (DLC®) Qualified Networked Lighting Controls Product. Read More |
|
People in the News
Hubbardton Forge Makes Staff Changes
Domestic lighting manufacturer Hubbardton Forge recently expanded its staff through promotions and new hires to fill key roles within the company. Read More |
|
|
People in the News
IES Appoints New Executive Director
After a comprehensive search, the Illuminating Engineering Society (IES) has named Colleen Harper, MPA, CAE as its new Executive Director, effective March 14. Read More |
|
Featured Series: The Smart Move
Survey Shows Smart Home Products = Smart Investment for Showrooms
According to a recent survey, the smart home category will continue its upward trajectory and expand into the multifamily market, providing a lucrative opportunity for distributors. Read More |
|
|
Featured Series: The Smart Move
CES Report: Experts Predict the Future of the Smart Home Category
Some of the brightest minds in smart home technology weigh in on the strides the category has made recently and where it is headed in the immediate future. Read More |
|
New Synergies in PropTech Boost Revenue Stream for MDUs
Electrical distributors and lighting showrooms already doing business in the multifamily sector have an opportunity for even greater growth by expanding further into the smart controls arena to help property owners and managers tap additional revenue streams. Read More |
|
|
Featured Series: The Smart Move
Tracking a Moving Target: Keeping Up With MDU Market Shifts
Simple lighting retrofits, converting commercial and multifamily properties from fluorescent to LED, may be easy work — but it’s not where the profit or the demand is anymore. Experts at CES outline the trends in connectivity that will make you a valuable resource while differentiating your business. Read More |
|
Smart Cities Market Expected to Reach $1.03 Trillion by 2028
While the development of smart cities in the U.S. pales in comparison to the tech advancements already implemented overseas, there will be pressure to catch up as the market size of smart cities on a global scale is expected to reach USD 1.03 trillion by 2028. Read More |
|
|
Wellness Watch
Bright Indoor Lighting in Daytime May Lower Glucose Levels
Add help for diabetics to the growing list of benefits being attributed to enhancing one’s circadian rhythms by using lighting. Read More |
|
Wellness by the Number$
The interest in “wellness” has expanded from the healthcare community into the commercial, hospitality, and residential markets. The study of natural light on our circadian rhythms has captured the attention of researchers, scientists, and lighting professionals. Read More |
|
|
This email was sent to @. |