Press release
Industrial Lighting Market was valued at USD 9.24 Bn. in 2022 and estimated to grow at a CAGR of 8.30% during the forecast period
Industrial Lighting Market
The comprehensive Industrial Lighting Market report delves into the critical role of industrial lighting in enhancing safety and performance across sectors such as warehouses, factories, and manufacturing plants. The report encompasses extensive research and analysis to offer a holistic view of market dynamics, trends, and opportunities.
The research methodology employed for this report guarantees accuracy and reliability. Rigorous data collection, analysis, and validation have been carried out to provide actionable insights. For further insights, interested parties can request a free sample report.
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Industrial Lighting Market Dynamics:
Industrial lighting's significance in ensuring safety, productivity, and energy efficiency is driving its adoption. The report highlights the advent of LED and light management technologies, which have significantly reduced operational costs while improving light quality. Energy-efficient lighting solutions also contribute to reduced fossil energy consumption.
The slowdown of the global economy has presented challenges for the industrial lighting market. Despite increased demand for thermal conductive materials, some key segments, like the automotive and electronics industries, have faced market slowdowns due to economic and geopolitical factors.
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Industrial Lighting Market Segmentation:
by Light Source
LED Lighting
High Intensity Discharge (HID) Lighting
Fluorescent Lighting
Others
by Offering
Lamps & Luminaries
Control Systems
Services
by Type
New Installation
Replacement Installation
Retrofit Installation
by Product
Industrial Linear Lighting
Spot Lighting
Flood Lighting/Area Lighting
High Bay Lighting
by Application
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
The market share held by the light emitting diode (LED) segment in 2022 is anticipated to remain dominant during the projected period. The market's most energy-efficient lighting option is LED lighting. Industrial lighting is growing because of its longer life expectancy and ability to consume less energy. Additionally, LED lighting offers advantages including enhanced safety, sturdiness, incredible design freedom, outstanding Color Rendering Index (CRI), dimming ability, no UV emissions, and operating capabilities in both cold and hot temperatures, all of which are boosting market growth. The market is anticipated to develop as a result of an increase in cutting-edge lighting products.
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Industrial Lighting Market Key Players:
1. Philips Lighting Holding B.V
2. Hubbell Lighting, Inc.
3. Emerson
4. Legrand
5. Acuity Brands Lighting, Inc.
6. TOYODA GOSEI Co., Ltd
7. Cree, Inc.
8. General Electric
9. Osram Licht AG
10.Zumtobel Group
11.Honeywell International Inc
12.Cooper Industries, Inc.
13.Schneider Electric SE
14.Digital Lumens, Inc
15.Streetlight Vision
16.Lutron Electronics Company
17.Wipro
18.Comarch
19.Havells
20.Trilux
21.LEDil
22.Eaton
23.Signify Holding
24.Ushio America, Inc.
25.Litetronics
Table of content for the Industrial Lighting Market includes:
1. Global Industrial Lighting Market: Research Methodology
2. Global Industrial Lighting Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Industrial Lighting Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Industrial Lighting Market Segmentation
• Global Industrial Lighting Market, by Light Source (2022-2029)
• Global Industrial Lighting Market, by Offering (2022-2029)
• Global Industrial Lighting Market, by Type (2022-2029)
• Global Industrial Lighting Market, by Product (2022-2029)
• Global Industrial Lighting Market, by Application (2022-2029)
5. Regional Industrial Lighting Market (2022-2029)
• Regional Industrial Lighting Market, by Light Source (2022-2029)
• Regional Industrial Lighting Market, by Offering (2022-2029)
• Regional Industrial Lighting Market, by Type (2022-2029)
• Regional Industrial Lighting Market, by Product (2022-2029)
• Regional Industrial Lighting Market, by Application (2022-2029)
• Regional Industrial Lighting Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Regional Insights:
Asia Pacific emerges as a major contributor to the global industrial lighting market. The demand for LED lighting in industrial settings, along with large-scale oil and gas projects in countries like India, China, and Indonesia, is driving growth in this region. Innovations in lighting systems and market changes are shaping strategies for industry players to succeed in varying market conditions.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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