Industrial Lighting Market to Reach USD 17.48 Billion by 2030, Growing at a 8.3% CAGR

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global industrial lighting market has witnessed significant advancements in recent years, driven by the increasing demand for energy-efficient lighting solutions, technological innovations, and the growing adoption of smart lighting systems. According to the report, the global industrial lighting market was valued at USD 10.00 billion in 2023 and is projected to grow at a CAGR of 8.3% during the forecast period, reaching USD 17.48 billion by 2030. This press release highlights growth, opportunities, and recent developments in key regions including Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/55845/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is experiencing robust industrial growth, which is boosting the demand for advanced industrial lighting solutions. Recent investments in manufacturing and infrastructure have driven market expansion. In 2024, Signify partnered with local manufacturers to introduce eco-friendly lighting solutions, targeting the country's energy efficiency goals.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝
Thailand's industrial lighting market has seen substantial progress due to increased investments in smart factories. The government's commitment to the Thailand 4.0 initiative has encouraged partnerships with companies like Zumtobel Group. The country is also focusing on replacing conventional lighting with energy-efficient LED systems.

𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan, being a leader in innovation, has witnessed a surge in the adoption of connected lighting systems. Companies such as Panasonic Corporation are at the forefront, offering AI-driven lighting solutions to enhance energy efficiency and workplace productivity. The market is projected to grow steadily, supported by advancements in semiconductor technology.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/55845/

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China remains a dominant player in the global industrial lighting market, driven by its vast manufacturing sector and government incentives for sustainable development. In 2024, Opple Lighting acquired a significant stake in a local LED manufacturing company to strengthen its market presence. The market is poised for further consolidation as larger firms acquire smaller players.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea is focusing on smart industrial lighting to align with its Smart Factory Strategy. Companies like Samsung Electronics are pioneering in offering IoT-enabled lighting systems. Recent updates include a collaboration between LG Electronics and a South Korean automation firm to integrate advanced lighting solutions in factories.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's industrial lighting market is rapidly adopting smart and energy-efficient technologies. With a focus on sustainability, Cree Lighting launched its latest LED products specifically designed for the region's industrial needs. The country is also leveraging IoT technologies for intelligent lighting systems in logistics and manufacturing.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/55845/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The US industrial lighting market is witnessing steady growth, supported by stringent energy regulations and technological advancements. Acuity Brands continues to lead the market with its innovative lighting controls and fixtures. Recent government initiatives to upgrade infrastructure have further boosted market prospects.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe remains a key market, driven by sustainability goals and energy-saving regulations. The European Union's Green Deal has encouraged companies like Osram to innovate in industrial lighting. The region also sees significant R&D investments, particularly in the development of smart lighting systems.

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

Signify introduced a new range of sustainable industrial lighting solutions tailored for Southeast Asia.
Acuity Brands partnered with a US-based logistics firm to deploy smart lighting systems across its warehouses.
Zumtobel Group acquired a stake in a Thailand-based LED manufacturing firm to expand its footprint in the region.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/market-report/global-industrial-lighting-market/55845/

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

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

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐖𝐡𝐚𝐭'𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠:

♦ Biochar Market https://www.maximizemarketresearch.com/market-report/biochar-market/11779/

♦ Ductless Hvac System Market https://www.maximizemarketresearch.com/market-report/global-ductless-hvac-system-market/28305/

♦ Smart Meters Market https://www.maximizemarketresearch.com/market-report/global-smart-meters-market/21336/

♦ Synthetic Fuel Market https://www.maximizemarketresearch.com/market-report/global-synthetic-fuel-market/74378/

♦ Turbines Market https://www.maximizemarketresearch.com/market-report/global-turbines-market/148221/

♦ Wood Chips Market https://www.maximizemarketresearch.com/market-report/global-wood-chips-market/115358/

♦ Grid-forming Inverter Market https://www.maximizemarketresearch.com/market-report/grid-forming-inverter-market/237307/

♦ Stationary Generators Market https://www.maximizemarketresearch.com/market-report/stationary-generators-market/146999/

♦ Wind Turbine Forging Market: https://www.maximizemarketresearch.com/market-report/wind-turbine-forging-market/219987/

♦ Global Electrical Submersible Pumps Market https://www.maximizemarketresearch.com/market-report/global-electrical-submersible-pumps-market/30502/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.