Construction + Economy

For the past two decades, thought leaders in the lighting industry have been publicly lamenting that the lighting industry will be gobbled up by the electronics industry, Silicon Valley tech giants, and the big telecoms. 20 years into the LED era for general lighting, and this still has not come to pass.

China’s trade growth rebounded in May after COVID restrictions that shut down Shanghai and other industrial centers began to ease.

A recent survey by Electrical Wholesaling of the Top 150 electrical distributor chains, revealed that Infrastructure Law funds are beginning to be spent in the electrical market.

A recent LD+A article discusses the significant growth projected in the hospital lighting market. Research and Markets unveiled in their Hospital Lighting-Global Market Trajectory and Analytics report that the global market is expected to reach $8.5 billion by 2027,

A recent LEDs Magazine article laid out ways that the lighting industry supply chain problems are not only changing constantly, but likely getting worse.

Lockdowns in two major Chinese manufacturing cities have begun relaxing, in Guangzhou and Shenzhen, last week.

The Infrastructure Investment and Jobs Act  (IIJA), signed into law in late 2021, represents a significant milestone in the transformation of U.S. infrastructure toward an accessible and electrified transportation system, modernized buildings and lighting, a more resilient grid, and a more efficient and expanded domestic manufacturing sector.

Construction contractors expect increasing demand for numerous types of projects in 2022 despite ongoing supply chain and labor challenges, as most firms plan to add workers this year, according to survey results released today by the Associated General Contractors of America and Sage.

Craig DiLouie authored an LCA article summarizing major 2021 economic indicators and forecasting “Promising” nonresidential construction, looking forward.