Industrial And Commercial LED Lighting Market 2025-2029
The industrial and commercial led lighting market is forecasted to grow by USD 17993.8 mn during 2024-2029, accelerating at a CAGR of 8.5% during the forecast period. The report on the industrial and commercial led lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining manufacturing cost of led, phasing out halogen, incandescent, fluorescent, and hid lamps, and need for led lighting in hazardous areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial and commercial led lighting market is segmented as below:
By Product Type
By Application
By End-user
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the growing traction for intelligent lighting systems as one of the prime reasons driving the industrial and commercial led lighting market growth during the next few years. Also, growth of chips on board (COB) leds for industrial applications and emergence of smart cities will lead to sizable demand in the market.
The report on the industrial and commercial led lighting market covers the following areas:
- Industrial And Commercial LED Lighting Market sizing
- Industrial And Commercial LED Lighting Market forecast
- Industrial And Commercial LED Lighting Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial and commercial led lighting market vendors that include Acuity Brands Inc., Advanced Lighting Technologies LLC, Cree LED, DECO Lighting Inc., Dialight PLC, Eaton Corp. plc, Emerson Electric Co., General Electric Co., Halonix Technologies Pvt Ltd., Havells India Ltd., Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Panasonic Holdings Corp., Savant Systems Inc., Signify NV, Syska Led Lights Pvt. Ltd., Toshiba Corp., WAC Lighting, and Zumtobel Group AG. Also, the industrial and commercial led lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.