Industrial Lighting Market Estimated to Upsurge at 8% CAGR to Reach a Market Size of USD 13 Billion by 2023

Industrial Lighting Market
Global Industrial Lighting Market, Light Source Type (LED, Fluorescent, High Intensity Discharge, Incandescent), By Products (Industrial Wall Lights, Vintage Industrial Lighting, Industrial Look Lighting, Industrial Hanging Light, Task Lighting, Accent Lighting), By Applications- Forecast 2023

Market Highlights

The study reveals that industrial lighting is trending in North America region. The industrial lighting demand is growing very rapidly as the advancements in LED applications. The increasing demand of these lighting in the industrial area, hazardous locations, parking garages is also one of the key driver for the growth of the market. The LED lighting has huge market due to its low cost, high quality, environment friendly & others, and is driving the market growth to the great extent. The growing need of lighting in the industrial purpose due to new organization, company expansion, increasing number of modern workspace, and others which drive the market growth.

 

The Global Industrial Lighting Market is growing rapidly over ~8% of CAGR and is expected to reach at USD ~ 13 Billion by the end of forecast period.

 

Industrial Lighting Market Players:

  • Emerson Electric (US)
  • Legrand (France)
  • Acuity Brands Lighting, Inc. (US)
  • TOYODA GOSEI Co., Ltd (Japan)
  • Cree, Inc. (US)
  • Philips Lighting Holding B.V. (Netherlands)
  • Hubbell Lighting, Inc. (US)
  • General Electric (US)
  • Zumtobel Group (Austria)
  • Osram Licht AG (Germany)

 

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In North America region, the industrial lighting demand is increasing with the growing need of well-lit spaces in the organizations to ensure worker safety. The industrial lighting market demand is increasing exponentially due to its durability, easy to maintain, and are ideal for high temperature environments. While, the high intensity discharge lighting is offering high quality, reliability & environmental compliance. It can be used where the most critical areas and much visible light per watt is required. These lighting is widely used in streetlights, warehouses, large retail facilities, stadiums and others.

 

Global Industrial Lighting Market Segmentation

The global industrial lighting market are bifurcated into light source type, product, applications, and region. The light source type includes LED, fluorescent, high intensity discharge, incandescent, CFL, halogen and others. The products include industrial wall lights, vintage industrial lighting, industrial look lighting, industrial hanging light, task lighting, accent lighting and others. The applications include factory & production lines, hotels & restaurants, outer premises, parking areas, hazardous locations, warehouse and others. The region includes North America, Europe, Asia Pacific and rest of the world.

Market Research Analysis:

On geographic basis, global Industrial Lighting market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the industrial lighting market due to the major companies are investing for the production of these lights for the industrial purposes. In this market, Europe is to be estimated to be the second largest market share for industrial lighting during the forecast period.

 

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Intended Audience

– Light manufacturing companies

– Product sales and distribution companies

– Original equipment manufacturers

– Original design manufacturers

– Installers and maintenance service providers

– Light providers

– Research and development companies

– Market research and consulting firms

– Technology standards organizations

– Technology investors

– System Integrators

 

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