Dublin, May 26, 2023 (GLOBE NEWSWIRE) — The “Industrial and Commercial LED Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global industrial and commercial LED lighting market size reached US$ 43.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 93.2 Billion by 2028, exhibiting a CAGR of 13.5% during 2022-2028.
Industrial and Commercial LED Lighting Market Trends:
At present, there is a rise in the demand for cost-effective lighting solutions in large and small enterprises across the globe. This, along with the growing utilization of industrial and commercial LED lighting in large screen displays, represents one of the key factors driving the market. Besides this, various benefits offered by industrial and commercial LED lighting in the hospitality sector, such as high durability, extended shelf-life, and less energy waste, are contributing to the growth of the market.
Moreover, governments of several countries are undertaking initiatives to promote the use of LED lighting in the industrial and commercial sectors for minimizing power dissipation, which is propelling the growth of the market. In addition, there is an increase in the utilization of smart lighting in various organizations to adjust the amount of light using control zones. This, coupled with the growing number of warehouse facilities around the world, is positively influencing the market.
Apart from this, the escalating demand for industrial and commercial LED lights in warehouse facilities to enhance productivity and ensure safe working conditions for workers is creating a positive market outlook. Additionally, the rising employment of industrial and commercial LED lighting to illuminate building structures, digital signage, statues, landscapes, and columns is offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial and commercial LED lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application, distribution channel and end user.
Breakup by Product Type:
Breakup by Application:
- Indoor Lighting
- Outdoor Lighting
Breakup by Distribution Channel:
- Direct Sales
- Online Stores
- Specialty Stores
Breakup by End User:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Industrial and Commercial LED Lighting Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Distribution Channel
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
- Acuity Brands lighting Inc.
- ams-OSRAM AG
- Cree Lighting (Ideal Industries Inc.)
- Dialight plc
- Eaton Corporation plc
- Emerson Electric Co.
- Litetronics International Inc.
- Schneider Electric SE
- Signify N.V.
- Syska Hennessy Group
- Zumtobel Group.
For more information about this report visit https://www.researchandmarkets.com/r/hnpq0m
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