Industrial Lighting Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2024-2028

Industrial Lighting Market Size 2024-2028

The industrial lighting market size is estimated to increase by USD 3.25 billion between 2023 and 2028. The market size is forecast to grow at a CAGR of 6.43%.  The market's expansion hinges on various factors including the uptick in the adoption of energy-efficient lighting technologies, heightened modernization and infrastructural development, and escalating government initiatives to embrace energy-efficient lighting within the industrial sector. These Industrial Lighting Market Trends collectively drive demand and innovation within the market, fostering the Industrial Lighting Market Growth opportunities and promoting sustainability initiatives. As stakeholders prioritize efficiency and environmental consciousness, the market continues to evolve, offering diverse solutions to meet the growing demands of industries and communities worldwide.

What will be the Industrial Lighting Industry Size during the Market Forecast Period?

Industrial Lighting Market Forecast 2024-2028

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The Industrial Lighting Market is a significant segment in the global lighting industry. This market caters to the lighting needs of various industries such as manufacturing, oil and gas, mining, and construction. Energy-efficient lighting solutions are increasingly being adopted in industrial settings due to their cost-effectiveness and environmental benefits. LED lighting is a major trend in the industrial lighting market, offering advantages like longer lifespan, lower maintenance, and energy savings. Florescent lights, another common choice, are being gradually replaced due to their higher energy consumption and shorter lifespan. The global industrial lighting market is expected to grow at a CAGR of over 5% during the forecast period, driven by factors like increasing industrialization, growing awareness about energy efficiency, and government regulations promoting energy-efficient lighting. The market is highly competitive, with key players including Philips Lighting, GE Lighting, Osram, and Cree.

Market Dynamics   

The Industrial Lighting Market is a significant segment in the global lighting industry. Led Light and Source, two key players, have been making strides in this market with their innovative solutions. The demand for energy-efficient and long-lasting industrial lighting systems has been on the rise, leading to the increasing popularity of LED technology. The Lighting market also includes the use of Fluorescent lights and Lamps, which have been traditional choices for industrial applications. However, the shift towards LED technology is gaining momentum due to its numerous benefits, such as longer lifespan, energy efficiency, and lower maintenance costs. The Diagnostic and Maintenance of these lighting systems is crucial to ensure their optimal performance and longevity. The Group and Organizational structure of companies in this market plays a vital role in their ability to cater to the diverse needs of the industrial sector.

The Prosite and Lighting market is expected to grow significantly in the coming years due to the increasing demand for energy-efficient and cost-effective lighting solutions. The Lamps and Modules used in industrial lighting systems are essential components that require careful consideration during the selection process. The Metall and Halide lamps have been widely used in industrial applications but are being gradually replaced by LED technology. The Incesents and Consumables used in the maintenance of these lighting systems are also essential considerations for industrial buyers. The Bulbs and Ballasts used in industrial lighting systems are critical components that require careful selection to ensure optimal performance and energy efficiency. The Pricing strategy and the availability of Financing options are also important factors that influence the buying decision in the industrial lighting market.

Industrial Lighting Market Driver- Rise in adoption of energy-efficient lighting technologies

The European Union (EU) and various industrial sectors are witnessing a shift towards energy-efficient lighting technologies, particularly LED solutions. Traditional lighting systems, such as T-5 fluorescents, Compact Fluorescent Lamps (CFL), Low-Pressure Sodium (LPS) lamps, and High-Intensity Discharge (HID) lights, are being replaced by LED technology due to its energy efficiency, long lifespan, and superior performance. The DOE (Department of Energy) and companies like Dialight are leading this transition. Urbanization, infrastructure development, and the e-commerce market are significant drivers of this trend.

LED technology offers substantial energy cost savings, making it an attractive choice for industrial facilities with extensive lighting systems. Government policies promoting energy conservation and regulatory standards for standardization are also contributing factors. Initial capital investments for LED lighting installations may be higher than traditional systems, but the long-term benefits outweigh the costs. LED Lighting is ideal for various installation applications, including industrial, commercial, and outdoor settings. LNG (Liquefied Natural Gas) is also being explored as a potential energy source for LED lighting systems.

Industrial Lighting Market Trends- Rising in strategic partnerships and recent developments

The European Union (EU) market for industrial lighting is undergoing significant transformation, driven by the adoption of advanced lighting technologies such as LED, smart lighting systems, and connected controls. Traditional lighting sources like T-5 fluorescents, Compact Fluorescent Lamps (CFL), Low-Pressure Sodium (LPS), and High-Intensity Discharge (HID) lamps are being replaced by energy-efficient alternatives, such as LED. Leading companies like Dialight are at the forefront of this transition, offering innovative LED lighting solutions that cater to various industrial applications. The DOE and regulatory standards are playing a crucial role in driving this shift towards energy conservation and standardization.

Urbanization and infrastructure development in the EU are creating new demands for energy-efficient lighting systems in industries, warehouses, and the e-commerce market. Initial capital investments in LED technology may be higher than traditional lighting sources, but the long-term operational savings and energy efficiency make it a cost-effective solution. Smart lighting systems, enabled by sensors, wireless connectivity, and data-driven algorithms, are revolutionizing industrial lighting by optimizing energy consumption, responding to occupancy patterns, and ensuring adequate lighting for operational tasks. The future of industrial lighting lies in these advanced, adaptive, and energy-efficient solutions.

Industrial Lighting Market Challenge- Sustainability issue in the Industrial Lighting market

Sustainability in the industry directs to using environmentally friendly and energy-efficient solutions such as CFLs and LED lighting that minimize the impact on the environment. Many technologies, including LEDs, require rare earth elements such as phosphor-based LEDs that are limited in supply. The boosted demand for these rare earth materials due to the Industrial Lighting Market Growth of the industry can lead to price spikes and supply chain disruptions.

Moreover, manufacturers need to prioritize sustainability and energy efficiency in the products, and consumers need to be educated on the benefits of sustainable solutions to make informed purchasing decisions. Additionally, governments need to provide incentives and support to encourage the adoption of sustainable solutions. Thus, such factors may impede the growth of the Industrial Lighting market market during the forecast period.

Industrial Lighting Market Segmentation

The Industrial Lighting Market is experiencing a revolution driven by LED light source. Traditional options like incandescent bulbs, and fluorescent and halogen light bulbs are being rapidly replaced due to the superior durability and energy efficiency of LEDs. As organizations strive for energy conservation, EIA and DOE play crucial roles in setting standardization and promoting Solid-state Lighting (SSL) technologies. Innovations such as connected lighting solutions and spotlighting are reshaping the landscape, enhancing installation flexibility and energy savings. Moreover, organizations like EU and ONS contribute to shaping regulatory frameworks and influencing market dynamics.

Type Segment Industrial Lighting Market Analysis

The Industrial Lighting Market Share growth by the LED technology segment will be significant during the forecast period. The adoption of LED technology worldwide is increasing at a rapid rate. The global market is seeing high growth in the use of LED components and LED-based luminaires by end-users. The major reasons for this tremendous Industrial Lighting Market Growth are the energy-saving characteristics of LEDs, their decreasing cost, and compatibility with the existing fixtures. 

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The LED technology segment was valued at USD 4.61 billion in 2018. The penetration of LEDs in Japan grew significantly after the Fukushima nuclear disaster, leading to a severe energy crisis in the country. In addition, the European Commission has decided to ban low-voltage halogen lamps, which will further drive LED penetration during the forecast period.

Industrial Lighting Market Segmentation by Application

The global Industrial Lighting Market is experiencing significant Industrial Lighting Market Growth due to the adoption of energy-efficient LED light sources. Notable companies, such as Dialight Group and Signify, are leading this trend with innovative products like the ProSite LED floodlight. Traditional lighting sources, including linear fluorescent lamps, metal halide lamps, and incandescent bulbs, are being replaced. Public organizations are modernizing infrastructure and enhancing safety through longer operational hours and energy-efficient lighting solutions. LED modules offer longer lifespan and lower energy consumption, making them ideal for manufacturing, warehousing, logistics, and other industries. Natural gas and electricity are being replaced with energy-efficient alternatives. The penetration of LEDs is increasing, with SSL (Solid-state Lighting) and HIDs (High-intensity Discharge) being key installation types. LEDinside Industrial Lighting Market Report on market trends using data triangulation. Companies are offering connected lighting solutions for spot lighting and product development. Energy efficiency initiatives, such as Ecodesign, are driving the market's modernization. The Lighting Controls Association and Global Lighting Association support these advancements.

Industrial Lighting Market Regional Analysis

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APAC is estimated to contribute 47% to the Industrial Lighting Market Growth by 2027. Technavio’s analysts have elaborately explained the regional Industrial Lighting Market Trends, drivers, and challenges expected to shape the market during the forecast period. The APAC industrial lighting market is primarily driven by China, with its numerous LED lighting manufacturing units and subsidies for Metal-Organic Chemical Vapor Deposition (MOCVD) since 2010. Dialight Group and Signify are key players, offering energy-efficient LED light sources like ProSite LED floodlights. Japan is set to contribute significantly due to the maturity of commercial LED lighting and focus on industrial segment. Public organizations are increasingly adopting LED modules for modernization and infrastructural development. Energy consumption and lifespan are crucial factors, with LEDs offering low energy consumption and longer lifespan than traditional sources like Linear fluorescent lamps, Metal halide lamps, Incandescent bulbs, and HIDs. Lighting innovations include connected lighting solutions and spot lighting. Natural gas and electricity are common energy sources, with energy efficiency a key concern. ONS, Global Lighting Association, Lighting Controls Association, SSL, and Ecodesign are influential organizations. Data triangulation from LEDinside reveals market penetration of LEDs and the shift from fluorescent and halogen light bulbs.

Who are the Major Industrial Lighting Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acuity Brands Inc.: The company offers industrial lighting solutions such as Linear High Bay, Low Bay and Modular Wiring.

We also have detailed analyses of the market’s competitive landscape and offer information on the Industrial Lighting Market Share of 20 market companies, including:

ams OSRAM AG, Bajaj Electricals Ltd., Dialight Plc, Eaton Corp. Plc, Emerson Electric Co., Fagerhult Group, General Electric Co., Glamox Group, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG 

Technavio's Industrial Lighting Market Report provides an in-depth analysis of the Industrial Lighting Market Share report and its players through combined qualitative and quantitative data. The Industrial Lighting Market Analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Based on their quantitative data analysis, companies are specially categorized into dominant, leading, strong, tentative, and weak.  

Industrial Lighting Market Analyst Overview

The Industrial Lighting Market is a dynamic sector, particularly crucial for heavy industrial applications in the mining industry across EMEA and APAC regions. The ProSite LED floodlight range is a standout solution, offering ignition resistance and durability of LED lights. Warehouses, still using older lamps, face disposal hazards but can enhance safety and productivity with LED modules. Governments and public organizations, driven by the EU's policy measures, are pushing for ecodesign rules, like the use of Philips LED A-class bulbs, to reduce energy consumption and achieve net-zero carbon emissions. Manufacturing companies are keen on wholesale gas and electricity prices. Market players like Signify and Dialight Group are focusing on innovation strategies, emphasizing energy efficiency, luminosity, and resistance to shock and corrosion. As the market grows, so do concerns about maintenance costs and regulations, especially post-Covid-19, highlighting the need for efficient, durable, and cost-effective lighting solutions like the Pacific LED gen5 waterproof luminaire.

Transformative shift with the widespread adoption of LED light sources. This revolution is fueled by constant lighting innovations and advancements in solid-state lighting (SSL) technology, championed by organizations like EIA and DOE. Traditional options such as fluorescent light bulbs are being replaced by more efficient LEDs due to their superior durability of LED lights and energy-saving capabilities. Regulatory bodies like the EU are also playing a crucial role in shaping the industry landscape, while technologies like CFL, LFL, and HIDs are gradually being phased out in favor of more sustainable options.

The Industrial Lighting Market is a significant segment in the global lighting industry. Led Lighting and Source, especially in industrial applications, have gained immense popularity due to their energy efficiency and long lifespan. Modules, such as LED and Fluorescent lights, are used extensively in industrial settings for illumination. Manufacturers like Osram and Philips offer a wide range of industrial lighting solutions, including High-Intensity Discharge (HID) lamps and Light Emitting Diodes (LED). These lighting systems are designed to provide optimal illumination in various industrial environments, such as factories, warehouses, and workshops. The market for industrial lighting is driven by factors like increasing demand for energy-efficient lighting systems, growing industrialization, and the need for improved productivity and safety in industrial settings. Additionally, the ongoing trend towards automation and the integration of smart lighting systems are expected to further fuel Industrial Lighting Market Growth. Innovations in technology, such as the development of Solid-State Lighting (SSL) and the integration of sensors and controls, are transforming the industrial lighting landscape. Companies are focusing on developing advanced lighting systems that offer energy savings, longer lifetimes, and improved performance. Overall, the Industrial Lighting Market is poised for significant growth in the coming years, driven by technological advancements, increasing demand for energy-efficient solutions, and the need for improved productivity and safety in industrial settings.

Industrial Lighting Market Segment Overview

The Industrial Lighting Market Report forecasts Industrial Lighting Market Growth by revenue at global, regional & country levels and provides an Industrial Lighting Market Analysis of the latest Industrial Lighting Market Trends and growth opportunities from 2018 to 2028. 

• Deployment Outlook 
  • LED technology
  • Traditional technology

• Application Outlook 
  • New installation
  • Replacement installation
  • Retrofit installation

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Industrial Lighting Market Scope
Report Coverage	Details
Page number	178
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.43%
Market growth 2024-2028	USD 3.25 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	5.81
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 47%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight Plc, Eaton Corp. Plc, Emerson Electric Co., Fagerhult Group, General Electric Co., Glamox Group, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG
Market dynamics	Industrial Lighting Market Analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Industrial Lighting Market Trends, COVID-19 impact and recovery analysis and future consumer dynamics, Industrial Lighting Market Analysis and report for the forecast period.
Customization purview	If our market growth and trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Lighting Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the Industrial Lighting Market Size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive Industrial Lighting Market Analysis and Industrial Lighting Market Report on the factors that will challenge the market research and growth of market vendors

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