Commercial Lighting Market Overview, Merger and Acquisitions , Drivers, Restraints and Industry Forecast By 2030

The global commercial lighting market size reached USD 9.75 billion in 2021 and is expected to register a revenue CAGR of 21.4% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to the growing need for more energy-efficient lighting systems, rapid infrastructure development, and ongoing and upcoming smart city projects in developing countries. Smart lighting use in commercial and industrial applications has been steadily increasing in recent years, owing to a growing focus on energy conservation. The use of such energy-efficient LED lighting technology reduces maintenance expenses significantly as they use about half as much electricity as standard halogen, incandescent, and fluorescent lights. Furthermore, such commercial lighting emits no UV light and operates at a low voltage, as well as having a long lifespan, design flexibility, and durability. 

The Global Commercial Lighting Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2022-2030. The report studies the historical data of the Commercial Lighting market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Commercial Lighting industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Commercial Lighting market.

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Top competitors of the Commercial Lighting Market profiled in the report include:

GE Current, A Daintree Company, Hubbell, Schneider Electric, ABB, Zumtobel Group, Acuity Brands Lighting Inc., Wipro Lighting, Siteco GmbH, Cree Lighting, WAC Lighting, and Signify Holding.

Some Key Highlights in the Report
On 4 March 2020, Legrand acquired Focal Pointr, which is a manufacturer of architectural lighting products. The acquisition is aimed at delivering innovative commercial IoT-based light solutions to Focal Point's customers thereby increasing its market presence.

The wireless segment accounted for a largest revenue share in 2021. Rising demand for smart lighting systems in commercial places such as offices, power plants, streets, and others so that they are accessible from remote locations is expected to drive revenue growth of the segment. Also, in restaurants and other leisure places, these wireless lightings are adopted to give the place a sophisticated look with a sleek color configuration for complemented beauty. Furthermore, wireless technology of installation requires less space and eliminates the need for extra cables in a small space thereby increasing the adoption rate of such lighting.

Outdoor segment is expected to register the fastest revenue CAGR during the forecast period. This is owing to its increased durability and availability of a wide range of goods, LED lighting is widely utilized in airports, business settings, hospitals, government offices, motorways, and roadways, among other places. Furthermore, rising government efforts and municipal assistance for the installation of energy-efficient lighting systems in roadways, parks, and shopping malls are expected to drive revenue growth of the segment during the forecast period.

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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

Emergen Research has segmented the global commercial lighting market based on light type, installation type, technology type, application, end-use, and region:

Light Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
Incandescent

Halogen

LED

Others

Installation Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
New Installation

Replacement Installation

Retrofit Installation

Technology Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
Wired

Wireless

Application Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
Indoor

Outdoor

End-Use Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
Commercial Offices

Retail Stores

Restaurant & Sporting Facilities

Healthcare

Others

Regional Analysis of the Commercial Lighting Market:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Market Overview:

The research report on the Commercial Lighting market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Commercial Lighting business sphere.

Key Objectives of the Report:

Analysis and estimation of the Commercial Lighting market size and share for the projected period of 2022-2030

Extensive analysis of the key players of the market by SWOT analysis and Porter's Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Commercial Lighting market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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