Global LED Industrial Lighting Market Growth 2023-2029

Global LED Industrial Lighting Market Growth 2023-2029

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the colour of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor. LEDs are typically small (less than 1 mm2) and integrated optical components may be used to shape the radiation pattern.

LPI (LP Information)' newest research report, the “LED Industrial Lighting Industry Forecast” looks at past sales and reviews total world LED Industrial Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Industrial Lighting sales for 2023 through 2029. With LED Industrial Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Industrial Lighting industry.

This Insight Report provides a comprehensive analysis of the global LED Industrial Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LED Industrial Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Industrial Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Industrial Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LED Industrial Lighting.

The global LED Industrial Lighting market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

With the development of high-efficiency and high-power LEDs, it has become possible to use LEDs in lighting and illumination. LEDs are used as street lights and in other architectural lighting. The mechanical robustness and long lifetime are used in automotive lighting on cars, motorcycles, and bicycle lights.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Industrial Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
High/Low Bay Lighting
Area Lighting

Segmentation by application
Oil and Gas
Mining
Pharmaceutical
Manufacturing
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cree
Dialight
Eaton
General Electric
Koninklijke Philips
Osram

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Industrial Lighting market?

What factors are driving LED Industrial Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LED Industrial Lighting market opportunities vary by end market size?

How does LED Industrial Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.