Global Industrial Lighting Market 2025-2029

Industrial Lighting Market 2025-2029

The industrial lighting market is forecasted to grow by USD 2826.3 mn during 2024-2029, accelerating at a CAGR of 5.7% during the forecast period. The report on the industrial 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 rise in adoption of energy-efficient lighting technologies, increasing modernization and infrastructural development, and increasing government initiatives to adopt energy-efficient lighting in industrial sector.

Technavio's industrial lighting market is segmented as below:

By Type

• LED technology
• Traditional technology

By Application

• New installation
• Replacement installation
• Retrofit installation

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the ongoing advancements in lighting technologies in industrial sector as one of the prime reasons driving the industrial lighting market growth during the next few years. Also, rise in popularity of wireless data transfer leds and rising in strategic partnerships and recent developments will lead to sizable demand in the market.

The report on the industrial lighting market covers the following areas:

• Industrial Lighting Market sizing
• Industrial Lighting Market forecast
• Industrial 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 lighting market vendors that include Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight PLC, Eaton Corp plc, Emerson Electric Co., General Electric Co., Glamox AS, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB Lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG. Also, the industrial 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 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 and vendor landscape in addition to an analysis of the key vendors.

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.