Global Industrial Lighting Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Industrial lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Industrial lighting market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global industrial lighting market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.95% during 2023-2028.
Industrial lighting refers to systems and solutions designed to illuminate factories, warehouses, and other industrial facilities. It aims to meet specific requirements of industrial environments. It can include higher ceilings, larger spaces, and the need for specialized lighting fixtures to withstand harsh conditions like dust, moisture, and extreme temperatures. It enables workers to perform tasks more effectively and helps prevent accidents or mishaps in the workspace.
Global Industrial Lighting Market Trends and Drivers:
The increasing installation of industrial lighting in manufacturing units to reduce eye strain and improve productivity among workers represents one of the primary factors bolstering the market growth around the world. Moreover, the rising use of industrial lighting in warehouses for inventory management and safety assists in the accurate tracking of products and efficient movement of goods, which reduces the chance of accidents or errors. This is favoring the growth of the market. In addition, measures undertaken by governing agencies of numerous countries to promote the adoption of LED lighting and reduce carbon emissions on account of the growing environmental concerns among the masses are influencing the market positively. Apart from this, the increasing inclination towards smart industrial lighting due to enhanced cost savings, operational efficiency, lighting quality, and integration with other smart systems is supporting the market growth.
Global Industrial Lighting Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Acuity Brands Inc., Bajaj Electricals Ltd. (Bajaj Group), Dialight plc, Eaton Corporation PLC, Elba SA, Emerson Electric Co., GE Current a Daintree Company, LSI Industries Inc., OSRAM Opto Semiconductors GmbH (OSRAM GmbH), Panasonic Corporation, Wipro Lighting, Zumtobel Group, etc.
The report segmented the market on the basis of region, product type, light source, offering, type and application.
Breakup by Product Type:
- High/Low Bay Lighting
- Flood/Area Lighting
Breakup by Light Source:
- LED
- High-Intensity Discharge (HID) Lighting
- Fluorescent Lighting
Breakup by Offering:
- Lamps Luminaries
- Control Systems
- Services
Breakup by Type:
- New Installation
- Replacement Installation
- Retrofit Installation
Breakup by Application:
- Warehouse Cold Storage
- Factory Production Lines
- Outer Premises
- Parking Areas
- Hazardous Locations
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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