Press release
Rising Trends of Industrial and Commercial LED Lighting Market will Witness Substantial Growth With in-detailed Competitor Analysis Forecast to 2021 - 2030
Industrial and Commercial LED Lighting Market
The Industrial and Commercial LED Lighting Market size was valued at $29.90 billion in 2020, and is projected to reach $172.95 billion by 2030, growing at a CAGR of 18.1% from 2021 to 2030 according to a new report by Allied Market Research. The report covers an analysis of the major impacting factors and top 10 investment pockets that influence the market growth and new opportunities in the future.
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The recent technological developments and rise in demand have an instrumental effect on the growth of the market. The Industrial and Commercial LED Lighting Market report offers a comprehensive analysis of the market on the basis of various parameters including sales, sales analysis, market size, share, trends, and major driving factors. In addition, the report offers Porter's five forces model, portfolio and financial analysis, and business overview of services and products. Such statistical tools provide a piece of vital information to recognizing lucrative opportunities in the industry.
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The TOP MARKET PLAYERS that are currently active in the industry: Eaton Corporation Plc., Cree Inc., Deco Enterprises, Inc., Dialight Plc., Osram Licht Ag, General Electric Company, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska.
These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.
The study provides an in-depth analysis of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study offers a SWOT analysis that helps understand the restraining and driving factors in the industry. The global Industrial and Commercial LED Lighting Market report covers an overview of the market and outlines market definition and scope.
The drivers and opportunities aid in understanding the ever-changing industry trends and how companies can leverage such trends. On the other hand, the challenges and restraints included in the report aid in recognizing lucrative market investments. The global Industrial and Commercial LED Lighting report offers a quantitative and qualitative analysis of the market. The qualitative study highlights the value chain analysis, pain point analysis, and key regulations.
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The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The report covers consumer preferences, trends, and budget impact on the market because of the pandemic. The global Industrial and Commercial LED Lighting Market is under the influence of technological advancements. The emergence of innovative technologies such as artificial intelligence (AI), cloud computing, big data, Electronics & semiconductors industries, Internet of Things (IoT), and cryptocurrency have a major impact on the global Industrial and Commercial LED Lighting Market growth. The report helps recognize the role of such advanced technologies in Industrial and Commercial LED Lighting Market growth.
Browse in-depth TOC on Industrial and Commercial LED Lighting Market:
>> Pages: 225
>> Tables: 119
>> Charts: 74
Key Market Segments:
By Product Type
• LED Lamps
• LED Fixtures
By Application
• Indoor Lighting
• Outdoor Lighting
By End User
• Industrial
• Commercial
Based on product, the LED lamps segment accounted for the highest share in 2020, contributing to more than half of the total market share, and is expected to continue its lead position during the forecast period. However, the LED fixtures segment is projected to manifest the highest CAGR of 19.4% from 2021 to 2030.
Based on end user, the commercial segment held the largest share in 2020, accounting for nearly three-fifths of the global industrial and commercial LED lighting market, and is expected to maintain its dominance in terms of revenue by 2030. However, the industrial region is projected to witness the largest CAGR of 18.9% during the forecast period.
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By Region:
1) North America- (U.S., Canada, Mexico)
2) Europe- (Germany, UK, France, Spain, Italy, Rest of Europe)
3) Asia-Pacific- (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
4) LAMEA- (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is estimated to continue its leadership status by 2030. Moreover, this region is projected to portray the fastest CAGR of 19.4% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
The analysis of segment and sub-segment is offered in graphical and tabular formats. This study is instrumental to understanding the highest revenue-generating and fasting growing segments of the Industrial and Commercial LED Lighting Market, which is vital for making strategic investments.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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