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Industrial Lighting Trends and Forecast
The future of the global industrial lighting market looks promising with opportunities in the oil and gas, mining, pharmaceutical, manufacturing and warehouse market is expected to reach an estimated $11.95 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing use at warehouses and logistics, rise in modernization and infrastructure development, and an expanding adoption of LED technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Lighting by Segment
The study includes a forecast for the global industrial lighting by light source, product type, end use industry, and region.
Industrial Lighting Market by Light Source [Shipment Analysis by Value from 2018 to 2030]:
• LED
• HID
• Fluorescent
Industrial Lighting Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• High/Low Bay Lighting
• Flood/Area Lighting
Industrial Lighting Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Oil And Gas
• Mining
• Pharmaceutical
• Manufacturing
• Warehouse
Industrial Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Industrial Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial lighting companies profiLED in this report include-
• Eaton
• CREE
• Cree
• Philips
• Acuity Brands Lighting
Industrial Lighting Market Insights
Lucintel forecasts that LED is expected to witness highest growth over the forecast period due to longevity, energy efficiency, low operational/maintenance costs, and the ability to deliver an increasingly shorter return on investment (ROI).
Within this market, oil and gas industry will remain the largest segment.
APAC is expected to witness highest growth over the forecast perioddue to swift urban expansion, robust economic growth, and growth in several industries across the region.
Features of the Global Industrial Lighting Market
Market Size Estimates: Industrial lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial lighting market size by light source, product type, end use industry, and region in terms of value ($B).
Regional Analysis: Industrial lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different light source, product type, end use industry, and regions for the industrial lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial lighting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the industrial lighting market size?
Answer: The global industrial lighting market is expected to reach an estimated $11.95 billion by 2030.
Q.2 What is the growth forecast for industrial lighting market?
Answer: The global industrial lighting market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the industrial lighting market?
Answer: The major drivers for this market are increasing use at warehouses and logistics, rise in modernization and infrastructure development, and an expanding adoption of LED technology .
Q4. What are the major segments for industrial lighting market?
Answer: The future of the industrial lighting market looks promising with opportunities in the high/low bay lighting and flood/area lighting markets.
Q5. Who are the key industrial lighting market companies?
Answer: Some of the key industrial lighting companies are as follows:
• Eaton
• CREE
• Cree
• Philips
• Acuity Brands Lighting
Q6. Which industrial lighting market segment will be the largest in future?
Answer: Lucintel forecasts that LED is expected to witness highest growth over the forecast period due to longevity, energy efficiency, low operational/maintenance costs, and the ability to deliver an increasingly shorter return on investment (ROI).
Q7. In industrial lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast perioddue to swift urban expansion, robust economic growth, and growth in several industries across the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial lighting market by light source (LED, HID, and fluorescent), product type (high/low bay lighting and flood/area lighting), end use industry (oil and gas, mining, pharmaceutical, manufacturing, and warehouse), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Industrial Lighting Market, Industrial Lighting Market Size, Industrial Lighting Market Growth, Industrial Lighting Market Analysis, Industrial Lighting Market Report, Industrial Lighting Market Share, Industrial Lighting Market Trends, Industrial Lighting Market Forecast, Industrial Lighting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Industrial Lighting Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Industrial Lighting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Industrial Lighting Market by Light Source
3.3.1: LED
3.3.2: HID
3.3.3: Fluorescent
3.4: Global Industrial Lighting Market by Product Type
3.4.1: High/Low Bay Lighting
3.4.2: Flood/Area Lighting
3.5: Global Industrial Lighting Market by End Use Industry
3.5.1: Oil and Gas
3.5.2: Mining
3.5.3: Pharmaceutical
3.5.4: Manufacturing
3.5.5: Warehouse
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Industrial Lighting Market by Region
4.2: North American Industrial Lighting Market
4.2.2: North American Industrial Lighting Market by Product Type: High/Low Bay Lighting and Flood/Area Lighting
4.3: European Industrial Lighting Market
4.3.1: European Industrial Lighting Market by Light Source: LED, HID, and Fluorescent
4.3.2: European Industrial Lighting Market by Product Type: High/Low Bay Lighting and Flood/Area Lighting
4.4: APAC Industrial Lighting Market
4.4.1: APAC Industrial Lighting Market by Light Source: LED, HID, and Fluorescent
4.4.2: APAC Industrial Lighting Market by Product Type: High/Low Bay Lighting and Flood/Area Lighting
4.5: ROW Industrial Lighting Market
4.5.1: ROW Industrial Lighting Market by Light Source: LED, HID, and Fluorescent
4.5.2: ROW Industrial Lighting Market by Product Type: High/Low Bay Lighting and Flood/Area Lighting
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Industrial Lighting Market by Light Source
6.1.2: Growth Opportunities for the Global Industrial Lighting Market by Product Type
6.1.3: Growth Opportunities for the Global Industrial Lighting Market by End Use Industry
6.1.4: Growth Opportunities for the Global Industrial Lighting Market by Region
6.2: Emerging Trends in the Global Industrial Lighting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Industrial Lighting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Industrial Lighting Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Eaton
7.2: Emerson
7.3: Cree
7.4: Philips
7.5: Acuity Brands Lighting
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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