LED Industrial Lighting Market 2021-2025

This publisher has monitored the LED industrial lighting market and according to this report it is poised to grow by $1.44 Billion during 2021-2025, decelerating at a CAGR of 5.94% during the forecast period. The report the LED 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by phasing out halogen, incandescent, fluorescent, and HID lamps and the need for LED lighting in hazardous areas.

The LED industrial lighting market analysis includes product and type segments and geographic landscape.

The LED industrial lighting market is segmented as below:

By Product

• Lamps

By Type

• Lamp
• Luminaire

By Geographical Landscape

• APAC
• Europe
• North America
• South America

This study identifies the growth of COB LEDs for industrial applications as one of the prime reasons driving the LED industrial lighting market growth during the next few years.

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.

The report LED industrial lighting market covers the following areas:

• LED industrial lighting market sizing
• LED industrial lighting market forecast

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 LED industrial lighting market vendors that include Acuity Brands Inc., Bridgelux Inc., Cree Lighting, Dialight Plc, Eaton Corp. Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Wipro Ltd., and Zumtobel Group AG. Also, the LED 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 research - both primary and secondary. 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 the accurate market growth.