Commercial Lighting Market by Installation Type (New Installations, Retrofit Installation), Offering (Hardware, Services, Software), End-use Application, Communication Technology, End-User - Global Forecast 2024-2030

Commercial Lighting Market by Installation Type (New Installations, Retrofit Installation), Offering (Hardware, Services, Software), End-use Application, Communication Technology, End-User - Global Forecast 2024-2030

The Commercial Lighting Market size was estimated at USD 14.83 billion in 2023 and expected to reach USD 17.80 billion in 2024, at a CAGR 21.11% to reach USD 56.68 billion by 2030.Commercial lighting is installed for commercial spaces such as offices, stores, institutions, hospitals, and government buildings. Commercial lighting has a longer lifespan, better durability, and better energy-saving options than other types of lighting. The growing construction of commercial spaces and the rising adoption of integrated lighting control systems are accelerating the deployment of commercial lighting in commercial infrastructures. The rising demand for efficient LED lighting solutions from the commercial sector is resulting in increased production of commercial lighting solutions. However, the high installation and service cost and interoperability issues may limit their utilization by the end-use sectors. Moreover, the ongoing advancements and introduction of solar-based and energy-efficient lighting are expected to encourage the deployment of commercial lighting in commercial buildings across the globe.Regional InsightsThe commercial lighting market in the Americas is evolving owing to commercial spaces' presence, breakthrough lighting availability, and a rising trend of using energy-efficient LED lighting solutions for office spaces. Growing demand from healthcare facilities due to their higher energy efficiency than conventional lighting solutions is accelerating the deployment of commercial lighting in hospital settings in the Americas. Significant advancements in energy efficiency and technological innovations allow for greater penetration of LED lighting solutions in the APAC region. The European, Middle Eastern, and African (EMEA) region represents a growing commercial lighting market owing to the increasing demand for the construction of commercial spaces with a high level of access to technological advances in lighting solutions. Additionally, governments throughout the region have implemented regulations promoting energy-efficient products, including lighting in commercial spaces. The rapid expansion of commercial spaces, increasing popularity of energy-efficient lights, and ongoing development of innovative and aesthetic designs are expected to increase the deployment of commercial lighting in commercial areas worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Commercial Lighting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Commercial Lighting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Commercial Lighting Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Acuity Brands Lighting, Inc., Alcon Lighting Inc., ams-OSRAM AG, Baeck GmbH & Co. KG, Commercial Lighting Industries, Cooper Lighting LLC, Current Lighting Solutions,Inc. by GE Current, Dialight PLC, ERCO GmbH, Falcon LED Europe Ltd., Helvar, Honeywell International Inc., Ideal Industries, Inc., Jaquar, LEDVANCE GmbH, Legrand Group, Leviton Manufacturing Co., Inc., LG Electronics, Lowe, Lumega, Lutron Electronics Co., Inc, magineer GmbH, Oregon Commercial Lighting, Panasonic Holdings Corporation, Pro Lighting Group Inc., Progress Lighting by Hubbell Incorporated, proXplus AG, RAB Lighting Inc., Schneider Electric SE, Siemens AG, Signify Holding, SSK Group, Synapse Wireless, Inc., TRILUX GmbH & Co. KG, WAC Lighting, and Wipro Limited.

Market Segmentation & Coverage


This research report categorizes the Commercial Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Installation Type
New Installations
Retrofit Installation
Offering
Hardware
Services
Software
End-use Application
Indoor
Outdoor
Communication Technology
Wired
Wireless
End-User
Government Buildings
Hospitals & Medical Centers
Hotels & Resorts
Office Buildings
Schools & Institutions
Stores & Retail Outlets
Warehouses & Storage Areas
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Commercial Lighting Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Commercial Lighting Market?
3. What are the technology trends and regulatory frameworks in the Commercial Lighting Market?
4. What is the market share of the leading vendors in the Commercial Lighting Market?
5. Which modes and strategic moves are suitable for entering the Commercial Lighting Market?

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