The Industrial and Commercial LED Lighting Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving growth of the market includes rise in the production of LED products such as ceiling lights and LED fixtures, growing focus of manufacturing on developing energy efficient lighting solutions, Government schemes promoting the adoption of LED lights, increase in the number of smart cities around the world and improvements in the living standards. For instance, the UJALA (Unnat Jyoti by Affordable LEDs for All) scheme launched by the Government of India, aims to save 85 lakh kWh of electricity and 15,000 tonnes of carbon dioxide emissions, as of 2020, 366 million LEDs were deployed access India, which will accelerate the Industrial and Commercial Led Lighting Market size in the approaching years. Moreover, technological advancements in LED lighting solutions, increase in the launch of new products, emerging need to replace the traditional lighting systems and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships between organizations and growing population growth rates, are further contributing towards the market growth.

However, growth of the Industrial and Commercial LED Lighting Market is hindered due to

The major players operating in the market are Syska, Dialight, OSRAM GmbH, Zumtobel Group, Deco Lighting, Inc., Cree, Eaton, TOSHIBA, Philips N.V., General Electric, among others.

Based on Product Type, the LED Lamps segment is predicted to grow at a significant CAGR during the forecast period

LED lamps are energy efficient, and available in different range of designs such as A-lamps, MR-16 lamps, and T-lamps, are some of the factors pushing the segment’s growth.

Based on Application, the Indoor Lighting segment is projected to grow at a robust CAGR over the forecast period

As per the Global Industrial and Commercial Led Lighting Market Forecast, LED lighting solutions are increasingly preferred over High-Intensity Discharge (HID) and incandescent bulbs owing to their high energy consumption, is propelling growth of the segment.

Based on Region, the Asia-Pacific region is predicted to expand at a spectacular CAGR during the forecast period

Government policies promoting the adoption of LED lights, rising focus on replacing traditional lightings, technological advancements in LED systems, rapid urbanization, increase in the construction of smart cities and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

• In 2020, Dialight, introduced new Vigilant Bulkhead, a new addition to the successful Bulkhead line.

• In 2019, Eaton introduced CEAG ExLin, its latest product for industrial and hazardous areas. It provides energy-efficient, cost-saving, and reliable lighting.

Market Segmentation

Segmentation by Product Type

• LED Lamps

• LED Fixture

Segmentation by Application

• Indoor Lighting

• Outdoor Lighting

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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