Feb 1, 2023

News provided by Share this article Share this article NEW YORK, Feb. 1, 2023 /PRNewswire/ -- The industrial lighting market  size is forecasted to increase by USD 3,014.53 million from 2022 to 2027, at a CAGR of 6.34%, according to the recent market study by Technavio. The growth of the market will be driven by the growing adoption of energy-efficient lighting technologies, enforcement of the Minamata Convention on mercury, and growing demand from the automotive sector. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report Technavio has announced its latest market research report titled Global Industrial Lighting Market 2023-2027 Technavio has extensively analyzed 15 major vendors, including Acuity Brands Inc., Advanced Lighting Technologies LLC, Dialight Plc, Eaton Corp. Plc, ELBA SA, Emerson Electric Co, Hubbell Inc., IDEAL INDUSTRIES Inc., Iwasaki Electric Co. Ltd., Leedarson IoT Technology Inc., Legrand SA, LG Innotek Co. Ltd., LSI Industries Inc, Luminus Inc, Nichia Corp., OSRAM GmbH, Panasonic Holdings Corp., Savant Systems Inc., Schneider Electric SE, and Signify NV To get detailed insights about vendors and their offerings, buy the report Key benefits for industry players & stakeholders –  The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology. It also provides detailed analyses of the market's competitive landscape and vendors' product offerings. The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH. Furthermore, market adoption rates for all regions have been covered. Get a holistic overview of the industrial lighting market by industry experts to evaluate and develop growth strategies. Download the Sample The market is segmented by type (LED technology and traditional technology) and application (new installation, replacement installation, and retrofit installation). Segmentation by type (inclusion/exclusion) LED Technology: The led technology segment was valued at USD 4,016.03 million in 2017 and continue to grow by 2021. The major reasons for this tremendous growth are the energy-saving characteristics of LEDs, their decreasing cost, and compatibility with the existing lighting fixtures. 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. Related Reports: The industrial and commercial LED lighting market is projected to grow by USD 41.56 billion with a CAGR of 17.44% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the industrial and commercial LED lighting market segmentation by product type (LED lamps and LED fixtures) and geography (Europe, APAC, North America, Middle East and Africa, and South America). The led lighting market is estimated to grow at a CAGR of 7.35% between 2022 and 2027. The size of the market is forecast to increase by USD 34.82 billion. This led market research report extensively covers market segmentation by application (residential, commercial, outdoor, industrial, and others), product (luminaries and lamps), and geography (APAC, Europe, North America, Middle East and Africa, and South America). Register for a free trial today and gain instant access to 17,000+ market research reports. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the industrial lighting market between 2023 and 2027 Precise estimation of the industrial lighting market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the industrial lighting industry across APAC, Europe, North America, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of industrial lighting market vendors Industrial lighting market scope Key companies profiled Acuity Brands Inc., Advanced Lighting Technologies LLC, Dialight Plc, Eaton Corp. Plc, ELBA SA, Emerson Electric Co, Hubbell Inc., IDEAL INDUSTRIES Inc., Iwasaki Electric Co. Ltd., Leedarson IoT Technology Inc., Legrand SA, LG Innotek Co. Ltd., LSI Industries Inc, Luminus Inc, Nichia Corp., OSRAM GmbH, Panasonic Holdings 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 recovery analysis and future consumer dynamics, and Market condition analysis for the 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. Table of Contents: Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global industrial lighting market 2017 - 2021 ($ million) 4.2 Type Segment Analysis 2017 - 2021  Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million) 4.3 Application Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021  Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021  Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Type 6.3 LED technology - Market size and forecast 2022-2027 Exhibit 34: Chart on LED technology - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on LED technology - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on LED technology - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on LED technology - Year-over-year growth 2022-2027 (%) 6.4 Traditional technology - Market size and forecast 2022-2027  Exhibit 38: Chart on Traditional technology - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Traditional technology - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Traditional technology - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Traditional technology - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by Type  Exhibit 42: Market opportunity by Type ($ million) 7 Market Segmentation by Application 7.1 Market segments  Exhibit 46: Data Table on Comparison by Application 7.3 New installation - Market size and forecast 2022-2027 Exhibit 47: Chart on New installation - Market size and forecast 2022-2027 ($ million) Exhibit 48: Data Table on New installation - Market size and forecast 2022-2027 ($ million) Exhibit 49: Chart on New installation - Year-over-year growth 2022-2027 (%) Exhibit 50: Data Table on New installation - Year-over-year growth 2022-2027 (%) 7.4 Replacement installation - Market size and forecast 2022-2027  Exhibit 51: Chart on Replacement installation - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on Replacement installation - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on Replacement installation - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Replacement installation - Year-over-year growth 2022-2027 (%) 7.5 Retrofit installation - Market size and forecast 2022-2027  Exhibit 55: Chart on Retrofit installation - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Retrofit installation - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Retrofit installation - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Retrofit installation - Year-over-year growth 2022-2027 (%) 7.6 Market opportunity by Application  Exhibit 59: Market opportunity by Application ($ million) 8 Customer Landscape Exhibit 64: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 North America - Market size and forecast 2022-2027 Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027 Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027  Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 China - Market size and forecast 2022-2027 Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%) 9.9 US - Market size and forecast 2022-2027 Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%) 9.10 Japan - Market size and forecast 2022-2027 Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.11 Germany - Market size and forecast 2022-2027 Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.12 UK - Market size and forecast 2022-2027 Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography  Exhibit 105: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact