Industrial And Commercial LED Lighting Market To Surge 10.3% CAGR, Global Revenue To Exceed US$ 148.90 Billion By 2034
Industrial and Commercial LED Lighting Market
The surging construction of contemporary structures is driving the market demand.
These systems concentrate on offering resistant, green lighting appropriate for jarring environments.” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, February 12, 2025 /EINPresswire / -- Our industrial and commercial LED lighting market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.The recently published Industrial and Commercial LED Lighting Market study report by Polaris Market Research reveals that the global market was USD 56.44 billion in 2024, with a CAGR of 10.3% projected from 2025 to 2034. The global market is expected to offer an absolute opportunity of USD 148.90 billion by 2034.
Market Introduction:
Commercial and industrial lighting systems are outlined for extensive spaces such as warehouses, factories, and retail stores, concentrating on offering resistant, energy-saving lighting appropriate for jarring ambiances. These systems involve LED, fluorescent, HID and incandescent lamps customized to meet varied requirements.
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Commercial and industrial lights are normally superior to ordinary bulbs for usage in commercial and industrial establishments. They are outlined to offer superior lighting that is green and durable. Growing consumer consciousness about the usage of green lighting systems and the elevated coherence provided by LEDs pushes the industrial and commercial LED lighting market demand.
Top Companies:
Understanding key players and their initiatives provides valuable insights into the competitive landscape and emerging opportunities in the market. Here are the top companies in the market:
.AIXTRON
.Advanced Lighting Technologies, LLC
.DialightEaton
.Eaton
.Emerson Electric Co.
.OSRAM SYLVANIA Inc
.TOYODA GOSEI Co., Ltd.
.Zumtobel Group
.Signify Holding
.SiteWorx Software
Market Drivers and Opportunities:
Escalating Investment in Infrastructure Innovation: Growing funding in infrastructure innovation, the advancement of smart cities, and the execution of commending government directives and limitations in context to the least efficiency levels are boosting the demand for industrial and commercial LED lighting market growth.
Consumption of Less Electricity: LED lighting systems take in less electricity than traditional fluorescent and incandescent lights. This decreased electricity intake causes sizeable economizing on energy bills for commercial and industrial spaces.
Technological Progressions: LED technological inventions have enhanced the brilliance, color provision, and energy conservation of LED systems. Smart lighting systems that utilize sensors to inspect ambient light and movement to impulsively dim or shut off lights when space is uninhabited have improved the operation and ease of LED systems.
Segmental Analysis:
.The industrial and commercial LED lighting market segmentation is based on product, application, end use, and region.
.By product analysis, the luminaires segment held the largest market share. LED luminaires are absolute lighting systems outlined to disseminate light uniformly or unfurled in particular directions.
.By application analysis, the indoor segment is poised to register a significant CAGR. The segment circumscribes a gamut of indoor lighting applications in several capacities, such as schools, factories, and businesses.
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Regional Overview:
The research report covers all the major regions and sub-regions of the industrial and commercial LED lighting market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of growth in urban areas causing growing advancement of public framework, industrial spaces and commercial buildings.
Latin America: Latin America is anticipated to witness the fastest CAGR from 2025 to 2034. The region's growing acquisition of LED lighting solutions reinforces corporate green objectives and assists them in encountering ecological directives.
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FAQs:
What are the quantitative units covered in the industrial and commercial LED lighting market?
The quantitative units covered in the market are revenue in USD billion and CAGR from 2025 to 2034.
What is the forecast period for the industrial and commercial LED lighting market?
The forecast period of the market is 2025 to 2034.
What are the segments covered in the market?
The segments covered in the market are product, application, and end use.
Based on product, which segment held the larger share of the market in 2024?
The luminaires segment dominated the market in 2024.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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Polaris Market Research and Consulting
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