The Global Industrial Lighting Market Share, Market Size, Growth, Scope, Analysis And Forecast Report By 2025

Intelligence Market Research has Published New Market Research Report on – “Industrial Lighting Market – Global Industry Analysis, Size Overview, Trends, Growth and Forecast by 2025.”

Lighting has an important role in a number of industries such as manufacturing, mining, marine, packaging, and even sports. Electrical fixtures for such industries are designed for heavy duty performance and can last even in extreme temperatures and climate.

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Market Outlook

The market in Asia Pacific Region is projected to exhibit the highest growth during the forecast period owing to the rising adoption of advance technologies and increasing demand for commercial spaces.

Among the Light Source segments, the LED segment is dominating the market and it is expected to remain dominate throughout the forecast period.

LEDs have the potential to bring a lighting revolution, and are evolving much faster than any other established incumbent lighting technology in the market. Presently, LEDs are among the most efficient lighting sources available, and in the near future, they are expected to reach far beyond any competing technology, and will become the technology of choice for most applications.

Among the application segments, the Outer Premises segment is expected to witness high growth rates during the forecast period, as the adoption of solution is increasing among SMEs due to low budget concern.

Market Dynamics

Increase Penetration of Smart and Decorative Lighting Fixtures

With the emergence of the Internet of Things, the demand for smart and automated home solutions is increasing at a rapid pace, which is anticipated to serve as a huge optimistic opportunity for the growth of smart lighting fixtures for residential applications. Also, the governments of various countries, such as India and China, are rigorously promoting the adoption of smart street lamps, owing to the ongoing ‘Smart City’ initiatives. Also, the governments of various nations are giving contracts to vendors for the decoration of old monuments and architecture, which is also a lucrative opportunity for vendors associated with lighting fixtures to avail tenders from governments.

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Challenges:

Low replacement rate of LED fitting products

LED light fittings from top branded companies offer warranty of at least 10 years. This may lead to inventory overhang and could lessen production capacities of companies

Global Industrial Lighting Market is segmented on the product, offering, light source, installation type, application, and region.

By Product:

  • Area Lighting
  • High Bay Lighting
  • Industrial Linear Lighting
  • Spot Lighting

By Offering:

  • Control Systems
  • Services
  • Lamps & Luminaires

By Light Source:

  • High Intensity Discharge Lighting
  • Fluorescent Lighting
  • LED Lighting

By Installation Type:

  • Replacement Installation
  • Retrofit Installation
  • New Installation

By Application:

  • Parking Areas
  • Hazardous Locations
  • Warehouse & Cold Storage
  • Factory & Production Lines
  • Outer Premises

By Region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, UK, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, Rest of Asia Pacific)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa

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