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.
The industrial and commercial lighting market was valued at approximately $60 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of around 7% from 2023 to 2030. This growth is driven by the increasing adoption of energy-efficient LED lighting solutions and advancements in smart lighting technologies. The rising focus on sustainable development and stringent energy regulations are further propelling market expansion. Moreover, the integration of Internet of Things (IoT) technologies in lighting systems is enhancing operational efficiency and contributing to market growth.
Opportunities in this market are emerging from several key areas. The surge in infrastructure development in both developed and developing regions creates a substantial demand for innovative lighting solutions. Additionally, the growth in commercial real estate, coupled with the need for improved lighting in retail, healthcare, and educational facilities, provides significant market potential. The shift towards retrofit and upgrade projects for existing lighting systems also offers substantial opportunities for market players. As urbanization continues and smart city projects gain traction, the industrial and commercial lighting market is poised for robust expansion in the coming years.
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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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