Global Industrial Lighting Market, By Light Source (LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting and Others), Offering (Lamps and Luminaires, Control Systems and Services), Installation Type (New Installation, Replacement Installation and Retrofit Installation), Product (Industrial Linear Lighting, Spot Lighting, Flood Lighting/Area Lighting and High Bay Lighting), Application (Warehouse and Cold Storage, Factory and Production Lines, Outer Premises, Parking Areas, Hazardous Locations and Others), 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 of Global Industrial Lighting Market
Data Bridge Market Research analyses that the industrial lighting market would exhibit a CAGR of 4.60% for the forecast period. Increased awareness among the people in regards to the need to conserve the energy, increased demand and adoption of cost-effective and energy-saving LED lighting for industrial purposes and supportive government policies and initiatives to promote awareness regarding the benefits of LED lighting are the major factors attributable to the growth of industrial lighting market.
Lights play an indispensible role in everyday activities. The invention of light has brought about a revolutionary change in the world. However, what kind of lights should be used is still a question to many. LEDs, which stand for light emitting diodes, have the ability to convert electrical energy into light energy. LED lighting is excessively being adopted for industrial use or application. This is because the industrial LED lighting provides a great many benefits such as higher efficiency and reliability, longer shelf-life, less power consumption, compact and strong nature, in comparison to traditional lighting.
Increasing awareness regarding the benefits of LED lights would imply growth in the industrial lighting market value. Rapid urbanization, modernization, industrialization and infrastructure development will also create lucrative growth opportunities for the industrial lighting market in the long run. The increasing demand for energy-efficient lighting systems across various industrial sectors will also propel growth in the market demand. Regulatory standards promoting the use of LED lightings coupled with the aim of the industries to reduce costs will also induce industrial lighting market growth rate.
However, lack of standardization will pose a major challenge to the industrial lighting market growth. Also, high initial capital investments will act as market restraint for the industrial lighting market. Complications involved in the installation applications will further dampen the industrial lighting market growth rate.
This industrial 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 industrial 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.
Industrial Lighting Market Scope and Market Size
The industrial lighting market is segmented on the basis of light source, offering, installation type, product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on light source, the industrial lighting market is segmented into LED lighting, high intensity discharge (HID) lighting, fluorescent lighting and others.
- Based on offering, the industrial lighting market is segmented into lamps and luminaires, control systems and services. Control systems and services segment is sub-segmented into pre- installation and post- installation.
- Based on installation type, the industrial lighting market is segmented into new installation, replacement installation and retrofit installation.
- On the basis of product, the industrial lighting market is segmented into industrial linear lighting, spot lighting, flood lighting/area lighting and high bay lighting.
- On the basis of application, the industrial lighting market is segmented into warehouse and cold storage, factory and production lines, outer premises, parking areas, hazardous locations and others.
Global Industrial Lighting Market Country Level Analysis
Global industrial lighting market is analysed and market size insights and trends are provided by country, light source, offering, installation type, product and application as referenced above.
The countries covered in the industrial lighting market report are the 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).
Asia-Pacific is projected to score the highest CAGR during the forecast period owing to increasing industrialization, rapid modernization and increasing awareness regarding the benefits of LED lights.
The country section of the industrial 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Lighting Market Share Analysis
The industrial 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, global presence, production sites and facilities, production capacities, 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 industrial lighting market.
The major players covered in the industrial lighting market report are Eaton, Emerson Electric Co., Cree, Inc., Signify Holding, Dialight, GENERAL ELECTRIC COMPANY, Schneider Electric, Acuity Brands Lighting, Inc., Hubbell, Legrand SA, Ushio America, Inc., Litetronics, LG Innotek, Leviton Manufacturing Co., Inc., Zumtobel Group, Advanced Lighting Technologies, LLC, AIXTRON, OSRAM SYLVANIA Inc., TOYODA GOSEI Co., Ltd. and Digital Lumens, Inc. 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.
SKU-