Global Industrial Lighting Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Industrial lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Industrial lighting industry trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global industrial lighting market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.95% during 2023-2028.
Industrial lighting encompasses tailored systems and solutions crafted to brightly illuminate industrial settings such as factories, warehouses, and other relevant facilities. Its primary goal is to address the unique lighting needs of industrial environments, which may involve accommodating higher ceilings, expansive spaces, and the necessity for specialized lighting fixtures capable of enduring demanding conditions such as dust, moisture, and extreme temperatures. This type of lighting enhances the efficiency of workers in executing their tasks and contributes to a safer work environment by reducing the risk of accidents or mishaps.
Global Industrial Lighting Market Trends and Drivers:
One of the main drivers fueling global market growth is the growing implementation of industrial lighting within manufacturing facilities. This move is aimed at diminishing eye strain among workers and elevating overall productivity. Furthermore, the escalating usage of industrial lighting within warehouses, focusing on inventory management and safety, aids in precise product tracking and streamlined movement of goods, ultimately lowering the risk of accidents and mistakes. These factors contribute to the expansion of the market. Moreover, governmental efforts in various countries to encourage the adoption of LED lighting, as a means to mitigate carbon emissions due to increasing environmental concerns, are exerting a positive influence on the market. Additionally, the market is experiencing growth due to the rising preference for smart industrial lighting, driven by improved cost-efficiency, operational effectiveness, lighting quality, and seamless integration with other intelligent systems.
Global Industrial Lighting Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Acuity Brands Inc., Bajaj Electricals Ltd. (Bajaj Group), Dialight plc, Eaton Corporation PLC, Elba SA, Emerson Electric Co., GE Current a Daintree Company, LSI Industries Inc., OSRAM Opto Semiconductors GmbH (OSRAM GmbH), Panasonic Corporation, Wipro Lighting, Zumtobel Group, etc.
The report segmented the market on the basis of region, product type, light source, offering, type and application.
Breakup by Product Type:
- High/Low Bay Lighting
- Flood/Area Lighting
Breakup by Light Source:
- LED
- High-Intensity Discharge (HID) Lighting
- Fluorescent Lighting
Breakup by Offering:
- Lamps Luminaries
- Control Systems
- Services
Breakup by Type:
- New Installation
- Replacement Installation
- Retrofit Installation
Breakup by Application:
- Warehouse Cold Storage
- Factory Production Lines
- Outer Premises
- Parking Areas
- Hazardous Locations
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
