The global market for Industrial Lighting is estimated at US$14.4 Billion in 2023 and is projected to reach US$22.6 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the industrial lighting market is driven by several factors that are reshaping the industrial landscape. The increasing adoption of LED technology is a primary driver, as industries seek to benefit from its energy efficiency, longevity, and lower maintenance costs. Technological advancements, such as the integration of IoT and AI, are propelling market growth by offering intelligent and adaptive lighting solutions that enhance operational efficiency and reduce energy consumption. The rising focus on sustainability and the need to comply with stringent environmental regulations are driving the demand for eco-friendly lighting options.
Furthermore, the expansion of smart factories and the growing implementation of Industry 4.0 are creating new opportunities for advanced lighting systems that can support connected and automated industrial environments. The emphasis on worker safety and well-being is also contributing to market growth, with industries investing in lighting solutions that improve visibility and ergonomics in the workplace. As industries continue to prioritize efficiency, sustainability, and worker satisfaction, the demand for advanced industrial lighting solutions is expected to witness sustained growth in the coming years.
The growth in the industrial lighting market is driven by several factors that are reshaping the industrial landscape. The increasing adoption of LED technology is a primary driver, as industries seek to benefit from its energy efficiency, longevity, and lower maintenance costs. Technological advancements, such as the integration of IoT and AI, are propelling market growth by offering intelligent and adaptive lighting solutions that enhance operational efficiency and reduce energy consumption. The rising focus on sustainability and the need to comply with stringent environmental regulations are driving the demand for eco-friendly lighting options.
Furthermore, the expansion of smart factories and the growing implementation of Industry 4.0 are creating new opportunities for advanced lighting systems that can support connected and automated industrial environments. The emphasis on worker safety and well-being is also contributing to market growth, with industries investing in lighting solutions that improve visibility and ergonomics in the workplace. As industries continue to prioritize efficiency, sustainability, and worker satisfaction, the demand for advanced industrial lighting solutions is expected to witness sustained growth in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Flood Lighting / Area Lighting segment, which is expected to reach US$9.6 Billion by 2030 with a CAGR of a 6.5%. The Industrial Linear Lighting segment is also set to grow at 6.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.8 Billion in 2023, and China, forecasted to grow at an impressive 9.8% CAGR to reach $5.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Lighting Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Lighting Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Lighting Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Acuity Brands Lighting Inc., Cree, Inc., Digital Lumens, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 224 Featured):
- Acuity Brands Lighting Inc.
- Cree, Inc.
- Digital Lumens
- Emersion Electric Co.
- Fulham Co., Inc.
- General Electric Company
- Hubbell Lighting Inc.
- LED Engin, Inc.
- Led Lighting Systems, LLC.
- Legrand Group
- Lumenpulse Group
- Osram Licht AG
- Philips Lighting NV
- Toyoda Gosei Co., Ltd.
- Zumtobel Group AG
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands Lighting Inc.
- Cree, Inc.
- Digital Lumens
- Emersion Electric Co.
- Fulham Co., Inc.
- General Electric Company
- Hubbell Lighting Inc.
- LED Engin, Inc.
- Led Lighting Systems, LLC.
- Legrand Group
- Lumenpulse Group
- Osram Licht AG
- Philips Lighting NV
- Toyoda Gosei Co., Ltd.
- Zumtobel Group AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 333 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 14.4 Billion |
| Forecasted Market Value ( USD | $ 22.6 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
