Global Commercial Lighting Market Size study, By Offering (Hardware, Software, Services), By Communication Technology (Wired, Wireless), By Application (Indoor, Outdoor), and Regional Forecasts 2022-2028

Global Commercial Lighting Market Size study, By Offering (Hardware, Software, Services), By Communication Technology (Wired, Wireless), By Application (Indoor, Outdoor), and Regional Forecasts 2022-2028

Global Commercial Lighting Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Commercial Lighting is a form of a LED semiconductor light source that emits light when current flows through it. The commercial-grade light products are manufactured from an enhanced quality LED driver, heat sinks, led modules, and others. The increasing number of smart city projects in developing countries, rising emphasis of governments on energy conservation, growing acceptance of standard protocols for lighting control systems, coupled with the surging use of integrated lighting control systems are the chief driving factors for the global market growth. For instance, as per the government insider, in 2018, China stood as the largest country for the smart city project and it is also anticipated that there are around 1000 smart city pilot projects globally that are carried out. Therefore, the rising number of smart city projects is likely to surge the demand for commercial lighting, which may positively influence the market growth across the globe. However, high installation costs and security and reliability issues associated with IoT-based lighting systems impede the growth of the market over the forecast period of 2022-2028. Also, the rapid transition from traditional lighting to connected lighting solutions and the growing adoption of PoE-based and solar lighting solutions are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Commercial Lighting market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the infrastructural development and availability of favorable government policies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing number of smart city development projects, as well as the growth of the developing nations like China, India, and Australia, would create lucrative growth prospects for the Commercial Lighting market across the Asia-Pacific region.

Major market players included in this report are:
Legrand S.A.
Acuity Brands, Inc.
GE Current
OSRAM Licht AG
Leviton Manufacturing Company, Inc.
Hubbell Incorporated
LEDVANCE GmbH
Schneider Electric SE
Ideal Industries, Inc. (Cree Lighting)
Zumtobel Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software
Services
By Communication Technology:
Wired
Wireless
By Application:
Indoor
Outdoor
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Commercial Lighting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Legrand S.A.
Acuity Brands, Inc.
GE Current
OSRAM Licht AG
Leviton Manufacturing Company, Inc.
Hubbell Incorporated
LEDVANCE GmbH
Schneider Electric SE
Ideal Industries, Inc. (Cree Lighting)
Zumtobel Group

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.