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Primary Catalyst Driving Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Evolution in 2025: Growth In Construction Drives Demand For Industrial And Commercial LED Lighting Driver
Industrial And Commercial Light-Emitting Diode (LED) Lighting Market
The increase in construction activities is expected to drive the growth of the industrial and commercial LED lighting market. Construction encompasses various tasks, from creating to modifying and demolishing structures. Factors like population growth, urbanization, and economic development are contributing to the rise in construction projects. Industrial and commercial LED lighting offers efficient, sustainable, and aesthetically pleasing solutions. The US Census Bureau reported a 10% increase in construction activity value from 2023 to 2024. Hence, construction growth is fueling the LED lighting market.
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What Is the projected market size and growth rate for the industrial and commercial light-emitting diode (led) lighting market?
The industrial and commercial LED lighting market is projected to expand from $49.03 billion in 2024 to $58.73 billion in 2025 at a CAGR of 19.8%, driven by cost-saving demand, government LED adoption programs, and energy efficiency needs.
The industrial and commercial LED lighting market is estimated to grow to $119.4 billion by 2029, with a CAGR of 19.4%. Growth is attributed to declining LED manufacturing costs, intelligent lighting system adoption, rising LED demand, increased construction, and the development of high-efficacy mid-power LEDs for commercial lighting. Trends include evolving lighting technology, infrastructure modernization, industry-grade LED investments, and rapid LED technology advancements.
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What new trends are reshaping the industrial and commercial light-emitting diode (led) lighting market and its opportunities?
Companies in the industrial and commercial LED lighting market are focusing on providing innovative lighting solutions, such as LED grow lights, to improve energy efficiency and light management for various industries. In November 2023, LED iBond A/S, based in Denmark, launched the HORTISABER LED grow lights for industrial greenhouses. These grow lights offer up to 60% energy savings compared to traditional lighting, are available in a 6-meter length for larger greenhouses, and optimize space usage while reducing energy consumption.
What major market segments define the scope and growth of the industrial and commercial light-emitting diode (led) lighting market?
The industrial and commercial light-emitting diode (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 Channel: Direct Sales, Wholesalers
4) By Application: Indoor Lighting, Outdoor Lighting
5) By End User: Commercial Offices, Retail, Hospitality And Leisure, Healthcare, Industrial, Architectural, Other End Users
Subsegments:
1) By LED Lamps: A-Type LED Lamps, Linear LED Lamps, PAR LED Lamps, Decorative LED Lamps
2) By LED Fixtures: Troffer LED Fixtures, High Bay LED Fixtures, Street LED Fixtures, Downlight LED Fixtures, Flood LED Fixtures
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Which region dominates the industrial and commercial light-emitting diode (led) lighting market?
North America was the largest region in the industrial and commercial light-emitting diode (LED) lighting market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the industrial and commercial light-emitting diode (LED) lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the industrial and commercial light-emitting diode (led) lighting industry growth?
Major companies operating in the industrial and commercial light-emitting diode (LED) lighting market are Samsung Electronics Co. Ltd., Panasonic Corporation, Eaton Corporation plc, Koninklijke Philips N.V., Stanley Black & Decker Inc., Signify Holding B.V., Osram Licht AG, Hubbell Inc., Acuity Brands Inc., Havells India Ltd., Hafele Gmbh & Co., Zumtobel Group AG, Lutron Electronics Co. Inc., Thorn Lighting Ltd., Cree Lighting USA LLC, General Electric Lighting, Dialight plc, Progress Lighting, Siteco GmbH, Kichler Lighting LLC, WAC Lighting, LEDiL, Maxim Lighting International Inc., Csl Lighting Inc.
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What Is Covered In The Industrial And Commercial Light-Emitting Diode (LED) Lighting Global Market Report?
•Market Size Forecast: Examine the industrial and commercial light-emitting diode (led) lighting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial and commercial light-emitting diode (led) lighting market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial and commercial light-emitting diode (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 light-emitting diode (led) lighting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial and commercial light-emitting diode (led) lighting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial and commercial light-emitting diode (led) lighting market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial and commercial light-emitting diode (led) lighting market.
•Competitive Landscape: Review strategic developments in the industrial and commercial light-emitting diode (led) lighting market, including expansions, agreements, and new product launches.
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