Digital transformation of lighting could save billions, page-2

https://hbr.org/2017/06/a-new-way-to-think-about-office-lighting

The technology exists to revolutionize commercial lighting: LED bulbs and today’s intelligent digital controls systems can together provide higher-quality indoor environments while saving significant energy and money. However, even though LEDs are fast becoming the go-to home lighting product because of their long life, energy savings, and precipitous cost decline, LED retrofits in commercial buildings remain a nascent industry, with $63 billion in market value untapped.

Basically, the problem is that everybody wants a better lighting system but nobody wants to pay for it. Owners don’t want to spend their capital budgets, especially where tenants pay the utility bills. Tenants don’t feel empowered to invest in capital projects, especially when their leases are short term. Hence the opportunity for third-party service providers.