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Construction Boom Drives Surge In Industrial And Commercial LED Lighting Market: The Driving Engine Behind Industrial And Commercial LED Lighting Market Evolution in 2025
Industrial And Commercial LED Lighting Market
Industrial And Commercial LED Lighting Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for industrial and commercial led lighting has seen an explosive growth. An expansion from $64.36 billion in 2024 to $77.39 billion in 2025, with a compound annual growth rate (CAGR) of 20.2%, is anticipated. This surge during the historical period can be traced back to initiatives focusing on energy efficiency and sustainability, governmental regulations and incentives, decline in manufacturing costs for LED, its long life span and low upkeep costs, along with rising cognizance about the quality of lighting.
How Will the Industrial And Commercial LED Lighting Market Size Evolve and Grow by 2029?
It is projected that the market size of industrial and commercial LED lighting will experience immense growth in the years to come, reaching a grand total of $161.89 billion by 2029 with an impressive compound annual growth rate (CAGR) of 20.3%. This surge in growth during the prediction period can be traced back to numerous factors such as the amplified emphasis on developing smart cities, incorporating Internet of Things (IoT) within lighting systems, following human-centric lighting trends, retrofitting of old-fashioned lighting systems, and a commanding need for customization and design adaptability. Several dominant trends during this forecasted period will be the technological progression in LED lighting systems, swift embracing of smart lighting systems, a shift towards human-centric lighting, superior lighting controls, and integration of li-fi.
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What Drivers Are Propelling the Growth of Industrial And Commercial LED Lighting Market Forward?
The growth of the industrial and commercial LED lighting market is being fuelled significantly by the rising construction of emerging structures and the renovation of current ones. There are multiple causes for the surge in new constructions, including economic progress, industrial growth, housing requirements, among others. Present buildings are getting renovated due to the need for replacement and safety, as well as enhancements to the existing infrastructure. The development of new structures and renovations necessitates the usage of novel materials and products, including LED lighting, thus creating substantial demand for LED lighting in industrial and commercial buildings. As an example, reports from the US Census Bureau, and the US Department of Housing and Urban Development in February 2022 reveal that privately-owned housing inaugurals reached 1,769,000, a 6.8% increase from the revised estimate of 1,657,000 in January. Compared to February 2021's 1,447,000 housing inaugurals, there was a surge of 22.3% in February 2022. Therefore, the growing construction of new buildings and the renovation of existing ones is set to boost the expansion of the industrial and commercial LED lighting market.
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What Long-Term Trends Will Define the Future of the Industrial And Commercial LED Lighting Market?
Premier businesses in the commercial and industrial LED illuminations sector are breaking into new frontiers by launching cutting-edge products such as smart lighting systems. These systems aim to boost energy efficiency and present the user with superior control options. Smart lighting essentially comprises lighting setups that are programmable and can be manipulated remotely, generally merging with IoT technology for tuning brightness, color, and timing according to user needs or environmental variations. As an example, URC (Universal Remote Control), an American company with a specialty in home automation and control systems, unveiled the URC Lighting LT-3300 in May 2023. The URC Lighting LT-3300, an LED illumination product featuring smart lighting, empowers the installer to choose between a dimmer or switch setup and program it effortlessly to create distinct ambiance for social gatherings or peaceful family occasions. Its auto load detection element simplifies the installation process by eradicating the requirement to configure neutral or non-neutral wiring arrangements, making it adaptable for diverse electrical settings. This device comes with a trailing-edge, vibrant LED bar that delivers visual cues for alerts and triggered programming, thus elevating user engagement.
What Are the Key Segments in the Industrial And Commercial LED Lighting Market?
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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Who Are the Key Players Shaping the Industrial And Commercial LED Lighting Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Industrial And Commercial LED Lighting Market?
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.
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