Global Industrial Lighting Market Research Report 2022
Lighting is the deliberate use of light to achieve a practical or aesthetic effect. Proper lighting is significant In industrial settings where safety is a primary concern. Adequate illumination is also a key factor in maintaining high worker productivity.
Market Analysis and Insights: Global Industrial Lighting Market
Due to the COVID-19 pandemic, the global Industrial Lighting market size is estimated to be worth US$ 7994 million in 2022 and is forecast to a readjusted size of US$ 11530 million by 2028 with a CAGR of 6.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, LED Lighting accounting for % of the Industrial Lighting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Warehouse & Cold Storage segment is altered to an % CAGR throughout this forecast period.
The factory and production lines application held a larger share of the industrial lighting market in 2017. Factory and production lines are upgrading to critical lighting solutions, such as LEDs and connected lighting solution, to receive an immediate payback on their investment through improved light quality and control. The factory and production lines is the largest application area for industrial lighting solutions. The variety of work performed in the industry can vary tremendously from production to machining. Therefore, every lighting solution needs to be customized according to the available space and the complexity of the task being performed.
Global Industrial Lighting Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Lighting Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
LED Lighting
HID Lighting
Fluorescent Lighting
Others
Segment by Application
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
By Company
GE Lighting
Cree
LG Innotek
Philips
OSRAM
Panasonic
Schneider Electric
Acuity Brands
Advanced Lighting Technologies
Bridgelux
Citizen Electronics
Eaton Lighting
Dialight
Kingsun LED lighting
Energy Focus
Everlight Electronics
Intematix
LEEDARSON LIGHTING
Lemnis Lighting
Luminus Devices
Nichia
NVC Lighting Technology
Seoul Semiconductor
Toyoda Gosei
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Industrial Lighting Market
Due to the COVID-19 pandemic, the global Industrial Lighting market size is estimated to be worth US$ 7994 million in 2022 and is forecast to a readjusted size of US$ 11530 million by 2028 with a CAGR of 6.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, LED Lighting accounting for % of the Industrial Lighting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Warehouse & Cold Storage segment is altered to an % CAGR throughout this forecast period.
The factory and production lines application held a larger share of the industrial lighting market in 2017. Factory and production lines are upgrading to critical lighting solutions, such as LEDs and connected lighting solution, to receive an immediate payback on their investment through improved light quality and control. The factory and production lines is the largest application area for industrial lighting solutions. The variety of work performed in the industry can vary tremendously from production to machining. Therefore, every lighting solution needs to be customized according to the available space and the complexity of the task being performed.
Global Industrial Lighting Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Lighting Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
LED Lighting
HID Lighting
Fluorescent Lighting
Others
Segment by Application
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
By Company
GE Lighting
Cree
LG Innotek
Philips
OSRAM
Panasonic
Schneider Electric
Acuity Brands
Advanced Lighting Technologies
Bridgelux
Citizen Electronics
Eaton Lighting
Dialight
Kingsun LED lighting
Energy Focus
Everlight Electronics
Intematix
LEEDARSON LIGHTING
Lemnis Lighting
Luminus Devices
Nichia
NVC Lighting Technology
Seoul Semiconductor
Toyoda Gosei
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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