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The global industrial lighting market size reached US$ 8.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.43 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Industrial lightings refer to lighting systems typically found in the manufacturing environment for providing ample illumination to spot or identify hazards. They are commercially available in varying types, such as light-emitting diode (LED), high-intensity discharge (HID) and halogen lighting. These lightings are flexible, heat-resistant, inhibit ultraviolet (UV) radiation, and they have the ability to withstand frequent switching, while consuming minimal energy as they are energy-efficient. On account of these properties, these lighting solutions find its extensive application in automotive, oil and gas, and pharmaceuticals industries.
The significant expansion across various industrial sectors, along with the rising need for energy-efficient lighting solutions, represents one of the prime factors driving the industrial lighting market growth. In line with this, the favorable initiatives undertaken by the government bodies for various countries for the implementation of light-emitting diode (LED) industrial lighting in the commercial sector due to the increasing consciousness amongst the consumer regarding its various beneficial properties is acting as another growth-inducing factor. Moreover, the introduction of new light illuminating solutions, such as fluorescent and high-intensity discharge (HID), for promoting longevity, optimizing energy efficiency and maintaining costs by delivering a shorter return on investments (ROI) is contributing to the market growth. The rapid technological advancements and the integration of the Internet of Things (IoT), remote-controlled and Wi-Fi controlled lighting solutions are further providing an impetus to the market growth. Additionally, the extensive utilization of industrial lighting in the warehouses, cold storage, production lines, and parking areas to ensure safety and security is positively stimulating the market growth. Other factors, such as the escalating trend of smart industrial spaces, along with strategic collaborations between top players for launching advanced industrial lighting solutions, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial lighting market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, light source, offering, type and application.
Breakup by Product Type:
Breakup by Light Source:
Breakup by Offering:
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Zumtobel Group.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Light Source, Offering, Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Zumtobel Group.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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