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Global Industrial Lighting Market Segment Key Players, Drivers, Regional, Competitive Landscape & Forecast To 2027 | COVID-19 Effects

Jan 13, 2022 6:27 PM ET

Global Industrial Lighting Market Segment Key Players, Drivers, Regional, Competitive Landscape & Forecast To 2027 | COVID-19 Effects

Market Scenario

The prominent companies such as Emerson Electric (U.S.), Hubbell Lighting, Inc. (U.S.), General Electric (U.S.), Cree, Inc. (US), Philips Lighting Holding B.V. (Netherlands) are contributing the largest market revenue in the manufacturing of industrial lighting. In 2015, The Philips Lighting Holding B.V. (Netherlands) went into the partnership with World Council on City Data (WCCD), which has further helped United Nation about the smart LED street lighting. Moreover, it also supports to standardized city data may reduce CO2 emission in the city of over 60% and could reduce energy consumption of approximately 8%, globally.

In North America regions, the LED lighting has huge demand in the market in the forecast years due to its low cost and low energy consumption, and is driving the industrial lighting market growth. The industrial lighting quality could improve the traffic safety, city attractiveness and contributes to the economic strength. These LED lighting is energy saving and can reduce the greenhouse gas emissions across the world.

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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.

The Global Industrial Lighting Market is expected to grow at USD ~13 Billion by 2023, at ~8% of CAGR between 2017 and 2023.

Industrial Lighting Market

Key Players:

The prominent players in the Global Industrial Lighting market are –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) and among others.

Segments:

The global Industrial Lighting market has been segmented on the basis of light source type, product, applications, and region.

Global Industrial Lighting market by Light Source Type:

  • LED
  • Fluorescent
  • High Intensity Discharge
  • Incandescent
  • CFL
  • Halogen
  • Others

Global Industrial Lighting market by Products:

  • Industrial Wall Lights
  • Vintage Industrial Lighting
  • Industrial Look Lighting
  • Industrial Hanging Lights
  • Accent Lighting
  • Task Lighting
  • Others

Global Industrial Lighting market by Application:

  • Factory & Production Lines
  • Hotels & Restaurants
  • Outer Premises
  • Parking Areas
  • Hazardous Locations
  • Warehouse
  • Others

Global Industrial Lighting market by Regions:

  • North America
  • Europe
  • APAC
  • Rest of the World

Regional Analysis

The regional analysis of industrial lighting market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of largest market share in industrial lighting market owing to the company’s investments in the manufacturing of different types of industrial lights products including accent lighting, task lighting spotlights, hanging fixtures, post lanterns, wall lighting, recessed fixtures,and others and the expansion by key industrial lighting manufacturers.The industrial lighting market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for industrial lighting market and expected to be the highest CAGR in the coming years due to the high growth in infrastructural building projects in this region.

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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

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.