Industrial Lighting Market Report Update: 2030 Forecast and Trends

Global Industrial Lighting Market was valued at USD 6.50 Billion in 2021 and is expected to reach USD 9.33 Billion by the year 2028, at a CAGR of 5.3%.

Numerous industries, including manufacturing, shipping, mining, packaging, and even sports, employ industrial lighting. Safety concerns and improved visibility are the main drivers behind the use of this kind of lighting system in these sectors. Numerous sectors focus heavily on assessing their lighting systems to ensure they satisfy minimal standards for things like energy efficiency, cost effectiveness, increased productivity, and plant safety.

Around the globe, governments and public institutions are progressively implementing lighting systems, such as LED lighting networks, to tackle the maintenance problems associated with the use of incandescent lamps. Since LEDs don't emit UV or infrared radiation, they have their own advantages that make them worthwhile. These advantages include reduced cooling costs, longer product life, and simpler maintenance. Additionally, LEDs don't harm eyes or delicate equipment and offer the highest level of safety in an industrial setting.

Players Covered in Industrial Lighting market are:

Siemens, GE Lighting, Signify (formerly Philips Lighting), USHIO America Inc., Crompton Greaves Ltd., Acuity Brands Lighting Inc., Litetronics InternationalInc., Havells India Ltd, and OSRAM Gmbh, among and others major key players.

The latest research on the Global Industrial Lighting Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Industrial Lighting industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Industrial Lighting Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation Analysis of the Industrial Lighting Market

By Light Source, the fluorescent lighting segment has occupied the largest market share, of 66.09%, according to year 2020. On the other hand, the LED segment is expected to witness the highest CAGR over the forecast period. Also, as the incandescent lamps were banned for commercial and industrial purposes the demand for HID (HIGH-INTENSITY DISCHARGE) lightings rose, especially for high-bay type lightings.

By Type     

• High/Low Bay Lighting
• Flood/Area Lighting

By Light Source  

• LED
• High-intensity Discharge (HID) Lighting
• Fluorescent Lighting

By End-User       

• Oil & Gas
• Mining
• Pharmaceutical
• Manufacturing
• Warehouse
• Other

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Several European associations have been working to develop plans and strategies for the lighting industry. For example, the 2011 European SSL Support Strategy was put forth and put into effect with the goal of standardizing LEDs throughout Europe and speeding the implementation of large-scale solid-state lighting. Additionally, the Russian government unveiled a plan in March 2019 to double the capacity in order to support the country's petrochemical industry. To meet the target of having net-zero carbon emissions by the end of 2050, many European nations, chiefly the United Kingdom, are investing in innovative lighting technologies.

By Region

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Report includes Competitor's Landscape:

• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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