Industrial Lighting Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41000
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The industrial lighting market size is expected to grow by USD 1.78 billion and record a CAGR of 4.51% during 2021-2025.

This post-pandemic industrial lighting market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this industrial lighting market analysis report, key drivers such as strong government support have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as the absence of global LED standardization, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Industrial Lighting Market Size be in 2021?

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Who are the Key Vendors in the Industrial Lighting Market?

The industrial lighting market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Eaton Corp. Plc
  • IDEAL INDUSTRIES Inc.
  • Legrand SA
  • LG Innotek Co. Ltd.
  • Nichia Corp.
  • OSRAM Licht AG
  • Panasonic Corp.
  • Savant Systems Inc.
  • Schneider Electric SE
  • Signify NV

 

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The industrial lighting market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This industrial lighting market report further entails segmentation by type (LED technology and traditional technology) and geography (APAC, Europe, North America, South America, and MEA). The available actionable insights on the segmentation in this report will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The industrial lighting market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Industrial Lighting Market?

Industrial-Lighting-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial lighting in the region. This report provides estimations of the contribution of all regions to the growth of the industrial lighting market size.

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial lighting market growth during the next five years
  • Precise estimation of the industrial lighting market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial lighting industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial lighting market vendors

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Industrial Lighting Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4.51%

Market growth 2021-2025

$ 1.78 billion

Market structure

Fragmented

YoY growth (%)

7.07

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Eaton Corp. Plc, IDEAL INDUSTRIES Inc., Legrand SA, LG Innotek Co. Ltd., Nichia Corp., OSRAM Licht AG, Panasonic Corp., Savant Systems Inc., Schneider Electric SE, and Signify NV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • LED technology - Market size and forecast 2020-2025
    • Traditional technology - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Eaton Corp. Plc
    • IDEAL INDUSTRIES Inc.
    • Legrand SA
    • LG Innotek Co. Ltd.
    • Nichia Corp.
    • OSRAM Licht AG
    • Panasonic Corp.
    • Savant Systems Inc.
    • Schneider Electric SE
    • Signify NV

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The industrial lighting market growth will increase by $452.72 million during 2019-2024.
    The industrial lighting market is expected to grow at a CAGR of 1.07% during 2019-2024.
    Technavio has segmented the industrial lighting market by type (LED technology and Traditional technology) and geographic (APAC, Europe, North America, South America, and MEA).
    Eaton Corp. Plc, IDEAL INDUSTRIES Inc., Legrand SA, LG Innotek Co. Ltd., Nichia Corp., OSRAM Licht AG, Panasonic Corp., Savant Systems Inc., Schneider Electric SE, Signify NV are a few of the key vendors in the industrial lighting market.
    APAC will register the highest growth rate of 54.17% among the other regions. Therefore, the industrial lighting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the industrial lighting market growth are:
    • Strong government support
    The industrial lighting market vendors should focus on grabbing business opportunities from the led technology segment as it accounted for the largest market share in the base year.
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