The global industrial lighting market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.95% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Industrial Lighting
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028," the global industrial lighting market size reached US$
8.9 Billion in 2022.
Industrial lighting provides adequate illumination and enhances safety and
productivity in various industrial settings. It is made using advanced
technology and durable materials and is designed to withstand harsh
environments and meet specific lighting requirements. It typically consists of
high-quality components such as robust housings, efficient light sources, and
reliable control systems.
Industrial lighting converts electrical energy into light through various
mechanisms, including incandescent, fluorescent, light-emitting diode (LED),
or high-intensity discharge (HID) technologies. Each lighting technology offers
distinct advantages, such as energy efficiency, long lifespan, high brightness,
and improved color rendering. One of the key advantages of industrial lighting
is its ability to enhance worker safety. Well-illuminated work areas reduce the
risk of accidents and injuries caused by poor visibility. It also promotes visual
acuity, reducing eye strain and fatigue among workers, thereby boosting
productivity.
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4. Report Description
Global Industrial Lighting Market Trends:
The global industrial lighting market is influenced by a multitude of factors, including the increasing focus on energy
efficiency and sustainability in industrial operations. This is further supported by the stringent regulations and initiatives
by governments of various nations promoting the use of energy-efficient lighting. Moreover, the rising industrialization
and urbanization across the globe have led to the expansion of industrial infrastructures, consequently driving the
demand for reliable and high-quality lighting systems. Additionally, advancements in lighting control systems and smart
technologies have enabled better energ y management and enhanced operational efficiency, thus fostering the market
growth.
Besides this, the escalating awareness about the negative impacts of inadequate lighting on productivity, safety, and
employee well-being and the rapid adoption of the internet of things (IoT) and connected lighting systems in industrial
facilities are significantly contributing to the market growth. Furthermore, the emergence of smart cities and the ongoing
trend of retrof itting existing industrial infrastructures with energy-efficient lighting systems are accelerating the market
growth. In line with this, the declining prices of LED lighting products and the easy availability of cost-effective solutions
are positively influencing the market growth. Other factors, including the integration of lighting with other smart
technologies, such as sensors and controls, and the increasing focus on enhancing workplace safety and productivity, are
propelling the market growth.
Looking forward, the market value is projected to reach US$ 12.0 Billion by 2028, expanding at a CAGR of
4.95% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/industrial-lighting-market
5. Report
Segmentation
Breakup by Product Type:
• High/Low Bay Lighting
• Flood/Area Lighting
Breakup by Light Source:
• LED
• High-Intensity Discharge (HID) Lighting
• Fluorescent Lighting
Breakup by Offering:
• Lamps & Luminaries
• Control Systems
• Services
Breakup by Type:
• New Installation
• Replacement Installation
6. Report
Segmentation
• Retrofit Installation
Breakup by Application:
• Warehouse & Cold Storage
• Factory & Production Lines
• Outer Premises
• Parking Areas
• Hazardous Locations
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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
• Zumtobel Group
8. Key Questions
Answered in
the Report
How has the global industrial lighting market performed so far, and
how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global
industrial lighting market?
What is the impact of each driver, restraint, and opportunity on the
global industrial lighting market?
What are the key regional markets?
Which countries represent the most attractive industrial lighting
market?
What is the breakup of the market based on the product type?
Which is the most attractive product type in the industrial lighting
market?
What is the breakup of the market based on the light source?
Which is the most attractive light source in the industrial lighting
market?
9. Key Questions
Answered in
the Report
What is the breakup of the market based on
the offering?
Which is the most attractive offering in the
industrial lighting market?
What is the breakup of the market based on
the type?
Which is the most attractive type in the
industrial lighting market?
What is the breakup of the market based on
the application?
Which is the most attractive application in
the industrial lighting market?
What is the competitive structure of the
global industrial lighting market?
Who are the key players/companies in the
global industrial lighting market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Lighting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 High/Low Bay Lighting
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Flood/Area Lighting
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Light Source
7.1 LED
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
11. Table of
Contents
7.2 High-Intensity Discharge (HID) Lighting
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Fluorescent Lighting
7.3.1 Mark et Trends
7.3.2 Market Forecast
8 Market Breakup by Offering
8.1 Lamps & Luminaries
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Control Systems
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Services
8.3.1 Market Trends
8.3.2 Mark et Forecast
9 Market Breakup by Type
9.1 New Installation
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Replacement Installation
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
9.3 Retrofit Installation
9.3.1 Mark et Trends
9.3.2 Mark et Forecast
10 Market Breakup by Application
10.1 W arehouse & Cold Storage
10.1.1 Mark et Trends
10.1.2 Mark et Forecast
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