Industrial and Commercial LED Lighting Market, By End User (Industrial, Commercial, Outdoor, Architectural), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Industrial and Commercial LED Lighting Market, By End User (Industrial, Commercial, Outdoor, Architectural), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Commercial LED lighting is big business and very competitive industry. This type of commercial lighting works by using special lights to create general illumination in large spaces or indoor areas such as walkways, hallways, office cubicles, or even the outdoor deck. If used indoors, it can help increase security by making sure that everyone can see each other when walking through the hallways or the common areas in the office building. The cost of the lights is quite low as well. Some of the benefits of Commercial LED Lighting include improved safety, security, and convenience for employees and clients alike. One benefit that is particularly appreciated by warehouse and office buildings is the reduction of accidents within the workplace. In addition, this type of lighting can help improve the productivity level and efficiency in the workplace as it creates a safer environment for everyone.
Market Dynamics
Rapid urbanization and economic growth are expected to boost the global industrial and commercial LED lighting market growth over the forecast period. According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, adding another 2.5 billion people to urban areas. According to the same source, the global urban population is growing rapidly from 751 million in 1950 to 4.2 billion in 2018. This, in turn, has increased the demand for more commercial and industrial spaces.
Furthermore, growing focus on energy saving is expected to accelerate growth of the global industrial and commercial LED lighting market in the near future.
Key features of the study:
This report provides in-depth analysis of the industrial and commercial LED lighting market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial and commercial LED lighting market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Toshiba Corporation, Digital Lumens, Inc., GE Lighting Solutions, Koninklijke Philips Electronics N.V.3, Osram Licht AG, Cooper Industries plc, Cree, Inc., and Dialight plc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial and commercial LED lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial and commercial LED lighting market
Detailed Segmentation:
Global Industrial and Commercial LED Lighting Market, By End User:
Industrial
Commercial
Outdoor
Architectural
Global Industrial and Commercial LED Lighting Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Toshiba Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Digital Lumens, Inc.
GE Lighting Solutions
Koninklijke Philips Electronics N.V.3
Osram Licht AG
Cooper Industries plc
Cree, Inc.
Dialight plc
*Browse all the market data tables and figures on “Global Industrial and Commercial LED Market- Forecast to 2028”