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Emerging Sub-Segments Transforming the Industrial and Commercial Light-Emitting Diode (LED) Lighting Market Landscape
Industrial And Commercial Light-Emitting Diode (LED) Lighting Market
Expected Expansion and Market Size of Industrial and Commercial LED Lighting
The industrial and commercial light-emitting diode (LED) lighting market is projected to grow significantly, reaching a market value of $130.69 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 17.1%. Several factors underpin this dynamic growth, including the rise of smart buildings and factories, stronger commitments to reducing carbon emissions, and the increasing scale of warehouses and logistics hubs. Additionally, the adoption of IoT-based lighting controls and investments in outdoor and street lighting infrastructure contribute to this upward trend. Key market drivers during the forecast period include the rising use of smart, connected LED lighting systems, demand for energy-efficient retrofit solutions, broader application of human-centric and adaptive lighting, growth in high bay and outdoor industrial LED fixtures, and an intensified focus on long-lasting, low-maintenance lighting products.
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Leading Corporations Powering the Industrial and Commercial LED Lighting Market
Several influential companies dominate this market landscape, including 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., and Csl Lighting Inc.
A notable recent development took place in July 2023, when Environmental Lights, Inc., a U.S.-based LED lighting manufacturer, acquired City Theatrical, Inc., and City Theatrical, Ltd. This strategic move aims to broaden Environmental Lights' presence and product range in scenic and theatrical lighting. City Theatrical, Inc. is a U.S. company, while City Theatrical, Ltd. operates in the UK, providing LED lighting solutions for commercial installations. This acquisition strengthens Environmental Lights' position as a leading provider in the entertainment lighting segment.
Innovations and Future Trends Shaping the Industrial and Commercial LED Lighting Market
Top players in this sector are focusing on innovative lighting solutions that deliver superior energy efficiency and advanced light management, particularly for industrial and horticulture applications. For example, in November 2023, Denmark-based LED iBond A/S introduced its second generation of LED grow lights, branded HORTISABER, designed for use in industrial greenhouses. These new LED grow lights are engineered to offer significant energy savings of up to 60% compared to traditional grow lamps, a critical advantage for large-scale greenhouse operators seeking to reduce energy consumption and operating costs. The 6-meter length of the lights caters to larger facilities, optimizing space utilization for efficient crop production.
View the full industrial and commercial light-emitting diode (led) lighting market report:
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Detailed Market Segmentation of Industrial and Commercial LED Lighting
The industrial and commercial LED lighting market is segmented to provide clarity on product types, installation modes, distribution channels, applications, and end users.
1) By Product Type: LED Lamps and LED Fixtures
2) By Installation: New Installations and Retrofit Solutions
3) By Distribution Channel: Direct Sales and Wholesalers
4) By Application: Indoor Lighting and Outdoor Lighting
5) By End User: Commercial Offices, Retail, Hospitality and Leisure, Healthcare, Industrial, Architectural, and Other End Users
Further subsegments include:
- LED Lamps: A-Type LED Lamps, Linear LED Lamps, PAR LED Lamps, Decorative LED Lamps
- LED Fixtures: Troffer LED Fixtures, High Bay LED Fixtures, Street LED Fixtures, Downlight LED Fixtures, Flood LED Fixtures
This segmentation helps capture the diverse applications and product variations within the market, highlighting the vast opportunities available for innovation and expansion.
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