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Industrial And Commercial LED Lighting Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Industrial And Commercial LED Lighting Market Size
The growth of the industrial and commercial LED lighting market is majorly influenced by the rising construction of new structures and the renovation of current buildings. The surge in new structures is related to several factors such as improvements in the economy, housing needs, industrial progress, and more. Meanwhile, the renovation of existing structures is on the rise due to safety concerns and replacement needs, as well as the desire to improve current buildings. The construction and renovation of buildings, both new and existing, necessitate the use of new materials and products, including LED lighting - increasing the demand for such lighting in industrial and commercial buildings. As an example, data from the US Census Bureau and the US Department of Housing and Urban Development shows that in February 2022, privately-owned housing starts reached 1,769,000; a 6.8% increase over January's revised estimate of 1,657,000. Additionally, this represented a surge of 22.3% compared to 1,447,000 housing starts in February 2021. Therefore, the escalating construction of new structures coupled with renovation of current buildings is likely to stimulate the growth of the industrial and commercial LED lighting market.
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What is the future CAGR of the industrial and commercial led lighting market, and how will it impact industry expansion?
The market for industrial and commercial led lighting has experienced phenomenal growth in recent years, expanding from $64.36 billion in 2024 to an impressive $77.98 billion in 2025, a compound annual growth rate (CAGR) of 21.1%. The upward trajectory in the historical period is owing to several factors including energy efficiency and sustainability efforts, rules and incentives established by the government, decrease in led production costs, extended durability and lower maintenance expenses, coupled with increased understanding of light quality.
In the upcoming years, significant expansion is projected in the industrial and commercial led lighting market, with a calculated growth to $165.32 billion in 2029 and a compound annual growth rate (CAGR) of 20.7%. This surge during the forecasting period is due to various factors; growing interest in smart cities, the use of Internet of Things (IoT) in lighting systems, trends towards human-centric lighting, upgrades to traditional lighting systems, and a rising demand for bespoke designs and adaptability. Key trends for the future include advancements in LED lighting technology, accelerated adoption of intelligent lighting systems, a shift towards human-centric lighting, advanced lighting controls, and the incorporation of li-fi.
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What are the most significant trends transforming the industrial and commercial led lighting market today?
Innovative products, including smart lighting systems, are being launched by leading businesses in the industrial and commercial LED lighting market to improve energy efficiency and user control. Smart lighting is a system that can be remotely operated and automated, commonly integrated with IoT technology to modify brightness, color, and schedules based on user preferences or environmental circumstances. For example, in May 2023, URC (Universal Remote Control), an American company specializing in smart home automation and control systems, introduced URC Lighting LT-3300. This LED lighting solution incorporates smart lighting that permits the installer to choose either a dimmer or switch setup and easily program it to create unique ambiance for social gatherings or tranquil family occasions. The auto load detection feature eases installation by removing the necessity to set up neutral or non-neutral wiring arrangements, making it adaptable to a variety of electrical settings. The device comprises a trailing-edge, colorful LED bar that offers visual feedback for notifications and programmed triggers, thereby improving user engagement.
Which key market segments comprise the industrial and commercial led lighting market and drive its revenue growth?
The industrial and commercial LED lighting market covered in this report is segmented -
1) By Product Type: LED Lamps, LED Fixtures
2) By Installation: New Installation, Retrofit
3) By Distribution: Direct Sales, Online Stores, Specialty Stores, Other Distribution Channels
4) By Application: Retail, Manufacturing, Hospitality, Warehouses And Storage, Office Buildings, Other Applications
Subsegments:
1) By LED Lamps: A-Type LED Lamps, Flood LED Lamps, Tube LED Lamps, Specialty LED Lamps
2) By LED Fixtures: Panel LED Fixtures, High Bay LED Fixtures, Downlight LED Fixtures, Street LED Fixtures, Wall-Mounted LED Fixtures
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What regions are at the forefront of industrial and commercial led lighting market expansion?
Asia-Pacific was the largest region in the industrial and commercial LED lighting market in 2024. The regions covered in the industrial and commercial LED lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the industrial and commercial led lighting market?
Major companies operating in the industrial and commercial LED lighting market include Samsung Electronics Co. Ltd., General Electric Company, Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Koninklijke Philips NV, Emerson Electric Co., Wipro Ltd., Legrand S.A., Signify N.V., Osram Licht AG, Hubbell Incorporated, ams-OSRAM AG, Acuity Brands Inc., Stanley Electric Co. Ltd., Havells Ltd., Leviton Manufacturing Company Inc., Zumtobel Group, IDEAL INDUSTRIES INC., Lutron Electronics, The Jaquar Group, Syska Hennessy Group, Dialight plc, Digital Lumens Inc., Deco Lighting Inc., Litetronics International Inc., Current Lighting Solutions LLC
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What Is Covered In The Industrial And Commercial LED Lighting Global Market Report?
•Market Size Forecast: Examine the industrial and commercial led lighting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial and commercial led lighting market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial and commercial led lighting market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial and commercial led lighting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial and commercial led lighting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial and commercial led lighting market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial and commercial led lighting market.
•Competitive Landscape: Review strategic developments in the industrial and commercial led lighting market, including expansions, agreements, and new product launches.
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