Building Energy Management Systems (BEMS) market to hit $8.7bn
The global BEMS market will reach $8,713.4 million by 2025, growing at a 12% CAGR, according to new research. Data from ResearchandMarkets asserts that BEMS is a globally evolving market that is poised for double-digit growth for the next 7 years, primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, […]
High efficiency stadium lighting set to boom
LED lighting is poised to take over very high-output stadium and arena lighting, accounting for 70% of sports lighting in 2019 and boasting a growth rate of 44% by 2023. The study from ResearchandMarkets predicts that the stadium lighting market will to grow by almost $200 million by 2023, to reach $622.2 million. LEDLightExpert.com’s CEO […]