Global Industrial Lighting Market was valued at USD 6.50 Billion in 2021 and is expected to reach USD 9.33 Billion by the year 2028, at a CAGR of 5.3%.
The industrial lighting market encompasses the manufacturing, distribution, and installation of lighting solutions tailored for industrial settings such as factories, warehouses, manufacturing plants, and outdoor industrial areas. These lighting fixtures are engineered to meet the specific requirements of industrial environments, offering robustness, durability, energy efficiency, and optimal illumination levels. They include a variety of lighting technologies such as LED, fluorescent, HID (High-Intensity Discharge), and induction lighting, each suited for different industrial applications and environments. Market dynamics are influenced by factors such as industrial expansion, regulatory standards for energy efficiency and safety, technological advancements in lighting solutions, and the growing demand for sustainable and cost-effective lighting systems. The industrial lighting market serves as a crucial component in enhancing productivity, safety, and efficiency across diverse industrial sectors worldwide.
Players Covered in Industrial Lighting market are:
Siemens, GE Lighting, Signify (formerly Philips Lighting), USHIO America Inc., Crompton Greaves Ltd., Acuity Brands Lighting Inc., Litetronics InternationalInc., Havells India Ltd, and OSRAM Gmbh, among and others major key players.
No Charge for Your Sample Report - Get It Now!
https://introspectivemarketresearch.com/request/15856
The latest research on the Global Industrial Lighting Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Industrial Lighting industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Industrial Lighting Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of the Industrial Lighting Market
By Light Source, the fluorescent lighting segment has occupied the largest market share, of 66.09%, according to year 2020. On the other hand, the LED segment is expected to witness the highest CAGR over the forecast period. Also, as the incandescent lamps were banned for commercial and industrial purposes the demand for HID (HIGH-INTENSITY DISCHARGE) lightings rose, especially for high-bay type lightings.
By Type
- High/Low Bay Lighting
- Flood/Area Lighting
By Light Source
- LED
- High-intensity Discharge (HID) Lighting
- Fluorescent Lighting
By End-User
- Oil & Gas
- Mining
- Pharmaceutical
- Manufacturing
- Warehouse
- Other
Fine-Tune Your Report for the Best Results!
https://introspectivemarketresearch.com/custom-research/15856
Opportunities:
The advent of LED technology has transformed the lighting industry by bringing with it an unparalleled range of applications. Because LEDs have produced a compelling value proposition for end users and assisted in expanding the industry's value chain, LED lighting presents enormous prospects for the market as well as the industry.
Furthermore, the lighting sector reaps additional benefits. At the United Nations Framework Convention on Climate Change, for example, which was held in Paris, several nations, including India, committed to reducing their carbon emissions intensity by 33–35% by 2030. In light of this commitment, the government has launched a number of programs to encourage the use of LED products throughout the nation.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments
- In 2021, Larson Electronics unveiled a Solar LED Light Tower with a Solar Generator featuring a 16" square junction box for equipment attachment at the top of the mast.
- An explosion-proof LED light for usage in damp areas and maritime settings was unveiled by Larson Electronics LLC United States in April 2021. This recently created, two-colored product is ATEX/IECEx rated, meaning it can be used in combustible work environments.
- R Stahl upgraded its EXLUX category in January 2020 by adding cutting-edge explosion-proof lighting solutions with DALI interfaces. The industrial lighting sector is open to a wide range of innovative and practical developments.
Time to Buy - Ensure Your Purchase Today!
https://introspectivemarketresearch.com/checkout/?user=1&_sid=15856
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek