Global Commercial Lighting Market, By Offering (Hardware, Software, Services), Installation Type (New, Retrofit), Application (Indoor Lighting, Outdoor Lighting), End-User (Industrial, Commercial) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Commercial Lighting Market
Commercial lighting market will reach at an estimated value of USD 27.9 million by 2028 and grow at a CAGR of 20.10% in the forecast period of 2021 to 2028. Rise in the ongoing and upcoming smart city projects in developing countries is an essential factor driving the commercial lighting market.
Lighting or illumination is defined as the deliberate use of light to achieve aesthetic effects or practical. Lighting includes the use of both artificial light sources like lamps and light fixtures, along with natural illumination by capturing daylight.
Rise in the focus of governments worldwide on energy conservation is a crucial factor accelerating the market growth, also increase in the acceptance of standard protocols for lighting control systems, rise in the demand for LED lights and luminaires for use in outdoor applications, increase in the use of integrated lighting control systems, rise in the adoption of LED lights all over the globe and rise in the concern over reduction of non-renewable sources of power are the major factors among others boosting the commercial lighting market Moreover, rise in the rapid transition from traditional lighting to connected lighting solutions, increase in the adoption of PoE-based and solar lighting solutions and rise in the research and development activities in the market will further create new opportunities for commercial lighting market in the forecast period mentioned above.
However, increase in the installation costs and rise in the cost of research and development activities in the market acts as the major factors among others restraining the market growth, and will further challenge the commercial lighting market in the forecast period mentioned above.
This commercial lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on commercial lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Commercial Lighting Market Scope and Market Size
Commercial lighting market is segmented on the basis of offering, installation type, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, commercial lighting market is segmented into hardware, software and services.
- Based on installation type, the commercial lighting market is segmented into new and retrofit.
- Based on application, the commercial lighting market is segmented into indoor lighting and outdoor lighting.
- The commercial lighting market is also segmented on the basis of end-user into industrial and commercial.
Commercial Lighting Market Scope Country Level Analysis
Commercial lighting market is analysed and market size, volume information is provided by country, offering, installation type, application and end-user as referenced above.
The countries covered in the commercial lighting market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the commercial lighting market due to increase in the acceptance of standard protocols for lighting control systems. However, Asia-Pacific is expected to grow in the forecast period due to the rise in the demand for LED lights and luminaires for use in outdoor applications in this region.
The country section of the commercial lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Lighting Market Share Analysis
Commercial lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial lighting market.
The major players covered in commercial lighting market report are Signify Holding, Legrand, ACUITY BRANDS LIGHTING, INC, GE CURRENT, Leviton Manufacturing Co., Inc, Lutron Electronics Co., Inc, Hubbell, LEDVANCE, Schneider Electric, IDEAL INDUSTRIES, INC, Zumtobel Group, Dialight and OSRAM GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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