Commercial Lighting Market - Global Outlook & Forecast 2024-2029

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023

EXHIBIT 2 POPULARITY OF WIRELESS CONTROL NETWORKS IN COMMERCIAL LIGHTS SECTOR

EXHIBIT 3 CRITERIA FOR SUCCESS IN COMMERCIAL LIGHTS MARKET

EXHIBIT 4 WORLDWIDE ENERGY CONSUMPTION RATE OF BUILDING SECTOR, 2022

EXHIBIT 5 RISK FACTORS IN COMMERCIAL LIGHTS MARKET

EXHIBIT 6 INSIGHTS FOR HOTEL CONSTRUCTION WORLDWIDE 2023

EXHIBIT 7 GLOBAL GROWTH IN COWORKING SPACES 2018–2024 (THOUSAND UNITS)

EXHIBIT 8 IMPACT OF PROFIT VOLATILITY IN APAC

EXHIBIT 9 IMPACT OF RISE IN COMMERCIAL CONSTRUCTION AND PROJECTS

EXHIBIT 10 UPCOMING GLOBAL RAILWAY INFRASTRUCTURE PROJECTS 2023–2024 ($ BILLION)

EXHIBIT 11 FIVE LARGEST DATA CENTER CONSTRUCTION PROJECTS INITIATED 2022–2024 ($ MILLION)

EXHIBIT 12 IMPACT OF RISE OF HIGH-PERFORMANCE COMMERCIAL LIGHTS IN SPORTS ARENAS

EXHIBIT 13 IMPACT OF RISE IN DISPOSABLE INCOME

EXHIBIT 14 RISE IN DISPOSABLE INCOME DRIVES DEMAND FOR COMMERCIAL LIGHTS

EXHIBIT 15 HOME OWNERSHIP IN US Q4 2018–Q4 2022 (%)

EXHIBIT 16 IMPACT OF EMERGENCE OF IOT AND PRODUCT INNOVATIONS TO AID REPLACEMENTS

EXHIBIT 17 IMPACT OF INCREASED CONSTRUCTION IN HOSPITALITY INDUSTRY

EXHIBIT 18 GLOBAL TRAVEL & TOURISM INDUSTRY DATA (2022)

EXHIBIT 19 IMPACT OF RISE IN FOCUS ON ENERGY EFFICIENCY

EXHIBIT 20 GOALS OF SEE ACTION

EXHIBIT 21 IMPACT OF FAVORABLE GOVERNMENT POLICIES AND INCENTIVES

EXHIBIT 22 IMPACT OF HIGH INITIAL COST

EXHIBIT 23 IMPACT OF TURBULENT GLOBAL POLITICAL AND TRADE RELATIONS

EXHIBIT 24 IMPACT OF LOW AWARENESS AND LIMITED EDUCATION

EXHIBIT 25 FACTORS DRIVING DEMAND FOR COMMERCIAL LIGHTING

EXHIBIT 26 FACTORS HAMPERING THE DEMAND

EXHIBIT 27 GLOBAL COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 28 FIVE FORCES ANALYSIS 2023

EXHIBIT 29 INCREMENTAL GROWTH BY TYPE 2023 & 2029

EXHIBIT 30 COMMON TYPES OF LAMPS USED IN COMMERCIAL SETTINGS

EXHIBIT 31 COMMON TYPES OF LUMINAIRES USED IN COMMERCIAL SETTINGS

EXHIBIT 32 GLOBAL COMMERCIAL LIGHTS MARKET BY LAMPS 2020–2029 ($ BILLION)

EXHIBIT 33 LAMP TYPES COMMONLY USED IN COMMERCIAL SECTOR

EXHIBIT 34 GLOBAL COMMERCIAL LIGHTS MARKET BY LUMINAIRES 2020–2029 ($ BILLION)

EXHIBIT 35 USES OF LUMINAIRES IN HOSPITALITY SECTOR

EXHIBIT 36 INCREMENTAL GROWTH BY APPLICATION 2023 & 2029

EXHIBIT 37 GLOBAL INDOOR COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 38 GLOBAL OUTDOOR COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 39 INCREMENTAL GROWTH BY END-USER 2023 & 2029

EXHIBIT 40 INSIGHTS FOR GLOBAL HOTEL CONSTRUCTION (2022)

EXHIBIT 41 GLOBAL COMMERCIAL LIGHTS MARKET BY COMMERCIAL END-USER 2020–2029 ($ BILLION)

EXHIBIT 42 GLOBAL COMMERCIAL LIGHTS MARKET BY INDUSTRIAL END-USER 2020–2029 ($ BILLION)

EXHIBIT 43 INCREMENTAL GROWTH BY LIGHT TYPE 2023 & 2029

EXHIBIT 44 GLOBAL COMMERCIAL LIGHTS MARKET BY LIGHT TYPE

EXHIBIT 45 KEY ADVANTAGES OF COMMERCIAL LED BATTENS

EXHIBIT 46 GLOBAL COMMERCIAL LED BATTENS MARKET BY 2020–2029 ($ BILLION)

EXHIBIT 47 KEY ADVANTAGES OF EMERGENCY LIGHTING

EXHIBIT 48 GLOBAL EMERGENCY COMMERCIAL LIGHTING MARKET 2020–2029 ($ BILLION)

EXHIBIT 49 KEY ADVANTAGES OF COMMERCIAL FLOOD LIGHTS

EXHIBIT 50 GLOBAL COMMERCIAL FLOODLIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 51 KEY ADVANTAGES OF TRACK LIGHTING

EXHIBIT 52 GLOBAL COMMERCIAL TRACK LIGHTING MARKET 2020–2029 ($ BILLION)

EXHIBIT 53 GLOBAL COMMERCIAL LED PANEL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 54 GLOBAL OTHER COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 55 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029

EXHIBIT 56 GLOBAL COMMERCIAL LIGHTS MARKET BY GEOGRAPHY

EXHIBIT 57 ADVENT OF ENVIRONMENTAL REGULATIONS IN APAC

EXHIBIT 58 APAC COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 59 INCREMENTAL GROWTH IN APAC 2023 & 2029

EXHIBIT 60 CHINA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 61 RESIDENTIAL & NON-RESIDENTIAL CONSTRUCTION OUTPUT OF JAPAN (2020–2022) (% CHANGE YOY)

EXHIBIT 62 JAPAN COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 63 LARGEST CONSTRUCTION PROJECTS INITIATED IN INDIA IN 2022–2026

EXHIBIT 64 INDIA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 65 OFFICE BUILDING CONSTRUCTION PROJECTS 2022–2025

EXHIBIT 66 AUSTRALIA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 67 SOUTH KOREA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 68 EUROPE COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 69 INCREMENTAL GROWTH IN EUROPE 2023 & 2029

EXHIBIT 70 GERMANY COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 71 FRANCE COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 72 FIVE LARGEST HIGH-RISE APARTMENT PROJECTS IN RUSSIA 2022–2024 ($ MILLION)

EXHIBIT 73 FIVE LARGEST HIGH-RISE APARTMENT PROJECTS IN RUSSIA 2022–2024 ($ MILLION)

EXHIBIT 74 RUSSIA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 75 UK COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 76 NORWAY COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 77 NEW COMMERCIAL PROJECTS IN DENMARK 2023–2028

EXHIBIT 78 DENMARK COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 79 ITALY COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 80 POLAND COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 81 SPAIN COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 82 FIVE LARGEST LEISURE & HOSPITALITY BUILDING CONSTRUCTION PROJECTS IN NORTH AMERICA 2022

EXHIBIT 83 NORTH AMERICA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 84 INCREMENTAL GROWTH IN NORTH AMERICA 2023 & 2029

EXHIBIT 85 US FORECAST GROWTH OF NON-RESIDENTIAL CONSTRUCTION BY TYPE 2022 & 2023 (% SHARE)

EXHIBIT 86 US COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 87 INVESTMENTS IN NON-RESIDENTIAL BUILDING CONSTRUCTION, JUNE 2022 ($ MILLION)

EXHIBIT 88 NUMBER OF COMMERCIAL LIGHT CONTRACTS ESTABLISHED IN CANADA IN 2022

EXHIBIT 89 CANADA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 90 VALUE OF CONSTRUCTION INDUSTRY IN LATIN AMERICA 2022 ($ BILLION)

EXHIBIT 91 LATIN AMERICA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 92 INCREMENTAL GROWTH IN LATIN AMERICA 2023 & 2029

EXHIBIT 93 BRAZIL COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 94 MEXICO COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 95 ARGENTINIAN GOVERNMENT CONSTRUCTION DEVELOPMENT 2022–2024

EXHIBIT 96 ARGENTINA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 97 MIDDLE EAST & AFRICA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 98 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2023 & 2029

EXHIBIT 99 AVIATION CONSTRUCTION PROJECTS IN SAUDI ARABIA 2022–2035

EXHIBIT 100 SAUDI ARABIA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 101 UAE COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 102 SOUTH AFRICA COMMERCIAL LIGHTS MARKET 2020–2029 ($ BILLION)

EXHIBIT 103 KEY SIGNIFICANT TRANSFORMATION IN COMMERCIAL LIGHTING INDUSTRY

EXHIBIT 104 KEY CAVEATS

LIST OF TABLES

TABLE 1 COMPETITIVE OVERVIEW OF GLOBAL COMMERCIAL LIGHTS MARKET

TABLE 2 SOME UPCOMING SPORTS EVENTS WORLDWIDE 2024

TABLE 3 SOME OF THE UPCOMING ENTERTAINMENT EVENTS WORLDWIDE IN 2024

TABLE 4 COST COMPARISON OF LEDS AND MERCURY LAMPS

TABLE 5 GLOBAL COMMERCIAL LAMPS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 6 GLOBAL COMMERCIAL LUMINAIRES MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 7 GLOBAL INDOOR COMMERCIAL LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 8 GLOBAL OUTDOOR COMMERCIAL LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 9 OFFICE BUILDING CONSTRUCTION PROJECTS 2022–2024 ($ MILLION)

TABLE 10 FIVE LARGEST AIRPORT INFRASTRUCTURE CONSTRUCTION IN APAC 2021-2025 ($ MILLION)

TABLE 11 FIVE LARGEST HOTEL CONSTRUCTION PROJECTS IN APAC 2022 ($ MILLION)

TABLE 12 RETAIL BUILDING CONSTRUCTION PROJECTS IN EUROPE 2022

TABLE 13 FIVE LARGEST HOSPITAL CONSTRUCTION PROJECTS IN US 2022–2030 ($ MILLION)

TABLE 14 GLOBAL COMMERCIAL END-USER LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 15 GLOBAL COMMERCIAL LIGHTS MARKET BY INDUSTRIAL END-USER BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 16 GLOBAL COMMERCIAL LED BATTENS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 17 GLOBAL EMERGENCY COMMERCIAL LIGHTING MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 18 GLOBAL COMMERCIAL FLOODLIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 19 GLOBAL COMMERCIAL TRACK LIGHTING MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 20 GLOBAL COMMERCIAL LED PANEL LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 21 GLOBAL OTHER COMMERCIAL LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 22 COMMERCIAL CONSTRUCTION PROJECTS 2022–2024 ($ MILLION)

TABLE 23 UPCOMING COMMERCIAL BUILDING CONSTRUCTION PROJECTS IN APAC, 2022–2025 ($ MILLION)

TABLE 24 APAC COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 25 APAC COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 26 APAC COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 27 APAC COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 28 TOP FIVE LARGEST CONSTRUCTION PROJECTS INITIATED 2022–2024 ($ MILLION)

TABLE 29 APARTMENT PROJECTS IN JAPAN 2022-2023

TABLE 30 BUILDING APPROVALS IN AUSTRALIA IN 2022

TABLE 31 NEW HOTELS CONSTRUCTION PROJECTS IN SOUTH KOREA 2021–2023

TABLE 32 EUROPEAN RETAIL BUILDING CONSTRUCTION PROJECTS

TABLE 33 EUROPE COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 34 EUROPE COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 35 EUROPE COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 36 EUROPE COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 37 POWERHOUSE CONSTRUCTION PROJECTS IN GERMANY (2022)

TABLE 38 FIVE BUILDING CONSTRUCTION PROJECTS (2022)

TABLE 39 FIVE HEALTHCARE BUILDING CONSTRUCTION PROJECTS (2022)

TABLE 40 INVESTMENTS IN CONSTRUCTION INDUSTRY IN ITALY ($ MILLION)

TABLE 41 COMPLETED & NEW CONSTRUCTION STATISTICS FOR POLAND 2022–2024

TABLE 42 FIVE RESIDENTIAL AND COMMERCIAL CONSTRUCTION PROJECTS

TABLE 43 NORTH AMERICA COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 44 NORTH AMERICA COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 45 NORTH AMERICA COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 46 NORTH AMERICA COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 47 PRIVATE & GOVERNMENT OFFICE BUILDING CONSTRUCTION PROJECTS 2021–2024

TABLE 48 KEY PROJECTIONS FOR LIGHTINGS IN CONTRACTOR INDUSTRY IN CANADA

TABLE 49 LATIN AMERICA COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 50 LATIN AMERICA COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 51 LATIN AMERICA COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 52 LATIN AMERICA COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 53 MEA COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 54 MEA COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 55 MEA COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 56 MEA COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 57 UAE UPCOMING OIL AND REFINERY EXPANSION PROJECTS 2022–2027

TABLE 58 LIQUEFIED NATURAL GAS (LNG) AND REFINERY OIL EXPANSION PROJECTS IN SOUTH AFRICA 2024–2028

TABLE 59 ACUITY BRANDS: MAJOR PRODUCT OFFERINGS

TABLE 60 ABB: MAJOR PRODUCT OFFERINGS

TABLE 61 SIGNIFY: MAJOR PRODUCT OFFERINGS

TABLE 62 OSRAM: MAJOR PRODUCT OFFERINGS

TABLE 63 CREE LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 64 WAC LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 65 HUBBELL INCORPORATED: MAJOR PRODUCT OFFERINGS

TABLE 66 SITECO GMBH: MAJOR PRODUCT OFFERINGS

TABLE 67 WIPRO LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 68 STANLEY ELECTRIC: MAJOR PRODUCT OFFERINGS

TABLE 69 NICHIA CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 70 EATON: MAJOR PRODUCT OFFERINGS

TABLE 71 ZUMTOBEL GROUP: MAJOR PRODUCT OFFERINGS

TABLE 72 LUTRON ELECTRONICS CO.: MAJOR PRODUCT OFFERINGS

TABLE 73 FAGERHULT GROUP: MAJOR PRODUCT OFFERINGS

TABLE 74 COOPER LIGHTING SOLUTIONS: MAJOR PRODUCT OFFERINGS

TABLE 75 LEDVANCE: MAJOR PRODUCT OFFERINGS

TABLE 76 TRILUX GROUP: MAJOR PRODUCT OFFERINGS

TABLE 77 DELTA LIGHT: MAJOR PRODUCT OFFERINGS

TABLE 78 XAL: MAJOR PRODUCT OFFERINGS

TABLE 79 ERCO LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 80 RAB LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 81 H.E. WILLIAMS: MAJOR PRODUCT OFFERINGS

TABLE 82 FULHAM CO., INC.: MAJOR PRODUCT OFFERINGS

TABLE 83 TCP LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 84 BOLB: MAJOR PRODUCT OFFERINGS

TABLE 85 GLAMOX: MAJOR PRODUCT OFFERINGS

TABLE 86 AXIS LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 87 SCHRÉDER GROUP: MAJOR PRODUCT OFFERINGS

TABLE 88 SELUX AG: MAJOR PRODUCT OFFERINGS

TABLE 89 LEGRAND: MAJOR PRODUCT OFFERINGS

TABLE 90 LIGMAN LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 91 BARTCO LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 92 OMS LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 93 REGGIANI LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 94 PERFORMANCE IN LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 95 HUBBLE LIGHTING HUBBELL OUTDOOR LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 96 LUCECO: MAJOR PRODUCT OFFERINGS

TABLE 97 LITHONIA LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 98 KIM LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 99 SYLVANIA LIGHTING SOLUTIONS: MAJOR PRODUCT OFFERINGS

TABLE 100 LITELINE CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 101 AMERLUX: MAJOR PRODUCT OFFERINGS

TABLE 102 BEGA: MAJOR PRODUCT OFFERINGS

TABLE 103 JUNO LIGHTING GROUP: MAJOR PRODUCT OFFERINGS

TABLE 104 ELLIPTIPAR: MAJOR PRODUCT OFFERINGS

TABLE 105 EGLO: MAJOR PRODUCT OFFERINGS

TABLE 106 NVC LIGHTING: MAJOR PRODUCT OFFERINGS

TABLE 107 DIALIGHT: MAJOR PRODUCT OFFERINGS

TABLE 108 GLOBAL COMMERCIAL LIGHTS MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)

TABLE 109 GLOBAL COMMERCIAL LIGHTS MARKET BY TYPE 2023–2029 ($ BILLION)

TABLE 110 GLOBAL COMMERCIAL LIGHTS MARKET BY APPLICATION 2023–2029 ($ BILLION)

TABLE 111 GLOBAL COMMERCIAL LIGHTS MARKET BY END-USER 2023–2029 ($ BILLION)

TABLE 112 GLOBAL COMMERCIAL LIGHTS MARKET BY LIGHT TYPE 2023–2029 ($ BILLION)

TABLE 113 CURRENCY CONVERSION 2017–2023