Industrial and Commercial Lighting Market was valued at USD 59 Billion in 2022 and is projected to reach USD 91 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Looking ahead to the period from 2023 to 2033, the Industrial and Commercial Lighting Market is expected to continue its upward trajectory, but with a shift in focus. The demand for smart lighting solutions, driven by the Internet of Things (IoT) and automation, is predicted to grow substantially. Businesses are increasingly seeking advanced lighting systems that not only offer energy savings but also integrate with their larger operational infrastructure, enabling better control and monitoring. The increasing importance of sustainability and government regulations aimed at reducing carbon footprints will continue to influence market dynamics, as industries will need to adhere to stricter energy consumption and emission standards. As a result, there is an ongoing trend toward upgrading to more energy-efficient systems that support a sustainable future. Furthermore, the industrial sector’s need for customized lighting solutions for specific operations, like warehouses and factories, is expected to increase as these industries continue to evolve and embrace automation.
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Over the past five years, the Industrial and Commercial Lighting Market has experienced significant growth, fueled by rapid advancements in technology and increasing demand for energy-efficient lighting solutions. From 2018 to 2022, the market saw a substantial shift toward LED lighting as businesses and industries sought ways to reduce their energy consumption and costs. This transition to more sustainable lighting solutions has been a key driver in the expansion of the market, as companies have looked to replace outdated systems with smarter, more efficient alternatives. During this period, the global market for industrial and commercial lighting reached impressive growth figures, with steady adoption across various sectors including manufacturing, retail, and hospitality. LED technology’s dominance has been enhanced by its durability, lower energy consumption, and longer lifespan, which have made it an attractive option for both large-scale industrial operations and smaller commercial spaces.
Eaton Corporation
Cree Inc
Deco Enterprises
Dialight PLC
Osram
General Electric
Signify (Philips Lighting)
Toshiba
Zumtobel Group
Syska
Eaton Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial and Commercial Lighting Market
Retail
Catering
Manufacturing
Warehouses & Storage
Office Buildings
Others
Based on Types the Market is categorized into Below types that held the largest Industrial and Commercial Lighting market share In 2023.
LED Lighting
Incandescent Lighting
Fluorescent Lighting
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial and Commercial Lighting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial and Commercial Lighting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial and Commercial Lighting Market, By Type
6. Global Industrial and Commercial Lighting Market, By Application
7. Global Industrial and Commercial Lighting Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial and Commercial Lighting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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