Press release
Industrial And Commercial LED Lighting Market Analysis, Trends, Growth, Research And Forecast 2032
Industrial And Commercial LED Lighting Market
The Business Research Company's Industrial And Commercial LED Lighting Global Market Report 2023 identifies increasing construction of new structures and remodeling of existing buildings as the major driver for the industrial and commercial LED lighting market's growth in the forecast period. New constructions are increasing due to various reasons such as economic development, housing needs, industrial developments, and others. Remodeling of existing buildings is increasing due to replacement and safety needs as well as to improve upon existing ones. The construction of new structures and remodeling of existing buildings require new materials and products to be used in the structures including LED lighting. This will result in a significant demand for LED lighting in industrial and commercial structures.
The global industrial and commercial led lighting market size grew from $43.62 billion in 2022 to $53.54 billion in 2023 at a compound annual growth rate (CAGR) of 22.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The industrial and commercial led lighting market size is expected to grow to $119.86 billion in 2027 at a CAGR of 22.3%.
Download Free Sample Of Industrial And Commercial LED Lighting Market Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=6720&type=smp
Major competitors in the industrial and commercial LED lighting market are Deco Lighting, Dialight PLC., Eaton Corporation PLC., General Electric Company, Koninklijke Philips NV, Osram Licht AG, Toshiba Corporation.
A key trend in the industrial and commercial LED lighting market includes technological advancement. The key players in the industrial and commercial LED lighting market are focusing on developing technologically advanced products to strengthen their position in the market. Companies are developing and offering smart LED lights that are Wi-Fi-enabled and can be controlled through an external device via the mobile app. The smart LED lights offer safety, comfort, energy efficiency, and are cost-effective. They can be used in various applications such as home, commercial, and industrial settings. For instance, in August 2021, Signify, a Dutch multinational lighting corporation introduced a new range of Wiz smart light products that are highly superior. The new Wiz smart light range includes a new smart LED downlighter, T-Beamer, T-Bulb, and Batten. The new smart lights are Wi-Fi-enabled and thus do not need a specialized hub. They can also be controlled through the Wiz mobile app or voice assistants like Amazon Alexa and Google Assistant. These can be used in the home, commercial and industrial applications.
Read More On The Global Industrial And Commercial LED Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-and-commercial-led-lighting-global-market-report
The industrial and commercial LED lighting market is segmented -
• By Product Type: LED Lamps, LED Fixtures
• By Installation: New Installation, Retrofit
• By Distribution: Direct Sales, Online Stores, Specialty Stores, Other Distribution Channels
• By Application: Retail, Manufacturing, Hospitality, Warehouses And Storage, Office Buildings, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial and commercial LED lighting market.
The Business Research Company's "Global Industrial And Commercial LED Lighting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Industrial And Commercial LED Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6720
The Table Of Content For The Industrial And Commercial LED Lighting Market Include:
1. Executive Summary
2. Industrial And Commercial LED Lighting Market Characteristics
3. Industrial And Commercial LED Lighting Market Trends And Strategies
4. Industrial And Commercial LED Lighting Market - Macro Economic Scenario
5. Industrial And Commercial LED Lighting Market Size And Growth
……
26. Africa Industrial And Commercial LED Lighting Market
27. Industrial And Commercial LED Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial And Commercial LED Lighting Market
29. Industrial And Commercial LED Lighting Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial And Commercial LED Lighting Market Analysis, Trends, Growth, Research And Forecast 2032 here
News-ID: 3174521 • Views: …
More Releases from The Business research company
Segmentation, Major Trends, and Competitive Overview of the Lifestyle-Related Di …
The lifestyle-related disease supplements market is rapidly evolving as consumers become more health-conscious and proactive about managing chronic conditions linked to lifestyle choices. With an aging global population and increasing disposable incomes, this sector is set for impressive growth. Let's explore the market size, key players, trends, and segmentation that are shaping its future trajectory.
Projected Market Size and Growth Rate for Lifestyle-Related Disease Supplements
The lifestyle-related disease supplements market is on…
Competitive Landscape: Key Market Leaders and Emerging Competitors in the Interl …
The interleukin (IL)-4 antibody market is on the brink of significant expansion, driven by advances in biotechnology and rising healthcare demands. This sector is attracting considerable attention due to its potential in treating chronic inflammatory and autoimmune conditions, making it an exciting area for pharmaceutical innovation and investment. Here, we explore the market's projected growth, key players, emerging trends, and the main segments shaping its development.
Forecasted Market Size and Growth…
Future Perspectives: Key Trends Shaping the Industrial Carbon Dioxide Market Up …
The industrial carbon dioxide market is positioned for substantial expansion over the coming years, driven by diverse industrial needs and environmental considerations. As the demand for CO2 spans multiple sectors, the market is evolving with advancements in technology and shifting regulatory landscapes. Below is an in-depth look at the market size, key players, emerging trends, and segment analysis shaping this industry.
Growth Trajectory and Market Size of the Industrial Carbon Dioxide…
Segmentation, Major Trends, and Competitive Overview of the High Care Transfer H …
The high care transfer hatches market is gaining significant attention due to its critical role in maintaining contamination-free environments across various industries. With advancements in technology and increasing demand for sterile manufacturing, this market is set to experience substantial growth. Below is a detailed look at the market size, key players, driving forces, trends, and segmentations shaping the future of high care transfer hatches.
Projected Market Size and Growth Trajectory of…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
