Press release
Industrial Lighting Market Size Hits USD 9.7 Billion in 2024, Forecast to Grow at 7.0% CAGR Through 2035
Competitive Landscape:
Key players operating in the Industrial Lighting Market include:
• Philips Lighting (NL)
• General Electric (US)
• Osram (DE)
• Cree (US)
• Acuity Brands (US)
• Schneider Electric (FR)
• Eaton (IE)
• Signify (NL)
• Hubbell Lighting (US)
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Key Market Drivers:
• Industrial Automation: Growing use of automated lighting systems in factories and warehouses.
• Energy Efficiency Regulations: Governments encouraging adoption of energy-saving lighting solutions.
• LED Adoption: Shift from conventional lighting to LED technology for lower costs and durability.
• Urbanization & Infrastructure Development: Expansion of industrial and commercial spaces.
• Technological Advancements: Smart lighting, IoT integration, and sensor-based solutions.
Key Market Opportunities
• Rising demand for intelligent and connected lighting solutions.
• Expansion in emerging economies with industrial development.
• Integration with renewable energy solutions to reduce operational costs.
• Growing replacement market for older lighting systems.
• Strategic collaborations and product innovations by key players.
Market Trends & Dynamics
• Increasing focus on sustainability and reduced carbon footprint.
• Development of smart and adaptive lighting systems.
• Use of IoT and wireless controls for efficient lighting management.
• Shift toward LED and energy-efficient lighting in industrial applications.
• Integration of sensors and automation to enhance operational efficiency.
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Market Segmentation:
By Product Type:
• LED Lighting
• Fluorescent Lighting
• High-Intensity Discharge (HID) Lighting
• Others
By Application:
• Manufacturing & Assembly
• Warehousing & Logistics
• Commercial & Industrial Facilities
• Public Infrastructure
By Region:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)
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Geographical Insights
• Asia Pacific: Leading growth due to rapid industrialization and adoption of energy-efficient solutions.
• North America: Strong demand for smart and automated lighting systems.
• Europe: Driven by strict energy regulations and sustainability initiatives.
• South America & MEA: Emerging adoption in industrial hubs and infrastructure projects.
Future Outlook:
The Industrial Lighting Market is expected to experience steady growth, with a projected CAGR of 7.0% from 2025 to 2035. Increasing industrial investments, energy efficiency mandates, and technological innovations in lighting systems will continue to propel the market forward.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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