Global Industrial Lighting Market Share, Size, Industry Analysis, Segments, Emerging Technologies, Opportunity and Forecast To 2029

Market Overview:

Global Industrial Lighting Market was valued at USD 6.50 Billion in 2021 and is expected to reach USD 9.33 Billion by the year 2028, at a CAGR of 5.3%.
Manufacturing, marine, mining, packaging, and even the sports sector all use industrial lighting in some capacity. These industries use this kind of lighting system primarily because it improves visibility and addresses safety issues. Many industries give their lighting systems the utmost consideration when evaluating them to see if they meet certain minimal standards, such as cost effectiveness, energy optimization, increased productivity, and plant safety. Governments and public organizations across the whole world are increasingly deploying lighting systems like LED lighting networks, in order to address the maintenance issues arising from incandescent lamp usage.

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Market Dynamics:

Driver:

The main reason fueling the expansion of this market is the global infrastructure development and industrial modernization. The market is expanding as a result of the rising demand for energy-efficient lighting systems across all industrial sectors and the expanding availability of a broad variety of lighting products at the most competitive prices. Industrial lighting holds many great benefits such as reduced energy consumption, lower maintenance cost, higher quality lighting, durability, longer life, low radiated heat, immediate lighting, directional illumination, high brightness and intensity are leading to growth of the market

Opportunities:

The emergence of LED technology has changed the fundamental forms of lighting and brought about an unheard-of variety of applications. Given that LEDs have expanded the industry's value chain and created an appealing value proposition for end users, LED lighting presents significant possibilities for both the industry and the market. LEDs are also gaining more and more importance as a viable option for hazardous locations, as users can realize the importance of low maintenance and the associated costs. Innovations, like solar power LEDs, are also expected to help cutting down on emissions. However, Solar LEDs have already been into application at very industrial sites, but since, the main focus is reduced energy costs and carbon, the development still continues.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type
• High/Low Bay Lighting
• Flood/Area Lighting

By Light Source
• LED
• High-intensity Discharge (HID) Lighting
• Fluorescent Lighting

By End-User
• Oil & Gas
• Mining
• Pharmaceutical
• Manufacturing
• Warehouse
• Other

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Regional Analysis in Industrial Lighting Market
Geographically, Asia-Pacific accounted for the largest market share of the global industrial lighting market covering over 42.17%, of the market in year 2020 owning to diverse economies having different levels of development and an extensive assortment of industries. Asia-Pacific is also expected to hold the fastest CAGR over the forecast period. In Europe, various associations in the region have engaged in proposing strategies and plans for the lighting sector. For instance, the European SSL Support Strategy of 2011 was proposed and implemented for European LED standardization and accelerating large-scale Solid-State Lighting deployment. Further, in March 2019, the Russian government introduced a plan to increase the support for the domestic petrochemicals industry by doubling the capacity.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players Covered in Industrial Lighting market
• Siemens
• GE Lighting
• Signify (formerly Philips Lighting)
• USHIO America Inc.
• Crompton Greaves Ltd.
• Acuity Brands Lighting Inc.
• Litetronics InternationalInc.
• Havells India Ltd
• and OSRAM Gmbh
• among and others major key players.

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Key Industry Developments
Larson Electronics introduced a Solar LED Light Tower and a Solar Generator having a 16" square junction box at the top of the mast for mounting equipment, in 2021.
In April 2021, Larson Electronics LLC United States announced the launch of an explosion -proof LED light to be used in wet locations and marine environments. This newly developed product with two-colours is ATEX/IECEx rated for use in flammable work sites.
In January 2020, R Stahl expanded its range of EXLUX category by upgrading it with modern explosion-protected lighting systems with DALI interfaces. The market for industrial lighting is prone to various different creative and useful advancements.

Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Industrial Lighting Market by Type
Chapter 6: Industrial Lighting Market by Light Source
Chapter 7: Industrial Lighting Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Industrial Lighting Market Analysis, Insights and Forecast, 2016-2028

To Be Continue…

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