PUBLISHER: Grand View Research | PRODUCT CODE: 1869856
PUBLISHER: Grand View Research | PRODUCT CODE: 1869856
The global industrial and commercial LED lighting market size was estimated at USD 58.00 billion in 2024 and is projected to reach USD 134.51 billion by 2033, growing at a CAGR of 9.6% from 2025 to 2033. Rising demand for energy-efficient lighting products is driving industrial and commercial LED lighting market growth.
The global push for energy efficiency is a key factor driving the adoption of LED lighting products in industrial and commercial sectors. Organizations are under increasing pressure to reduce operational costs while maintaining high productivity and safety standards. Traditional lighting technologies, such as incandescent and fluorescent lamps, consume significantly more energy and have higher maintenance requirements. In contrast, LEDs offer substantially lower energy consumption, directly translating into cost savings on electricity bills, particularly for large-scale commercial buildings, warehouses, and industrial facilities where lighting accounts for a major portion of total energy usage.
The adoption of smart lighting products integrated with the Internet of Things (IoT) is creating a major opportunity for the industrial and commercial LED lighting market. IoT-enabled LEDs can connect with centralized control platforms, allowing facility managers to monitor lighting conditions across multiple zones in real time. This functionality ensures optimal illumination in critical work areas, improves workplace safety, and enhances operational efficiency, making smart lighting highly attractive to factories, warehouses, office campuses, and retail complexes. For instance, in October 2024, ABB partnered with Austria-based Zumtobel Group to combine advanced lighting management systems with ABB's building automation and electrification expertise. This collaboration aims to deliver integrated, sustainable, and energy-efficient smart building products tailored for industrial, commercial, and institutional environments.
As industrial and commercial facilities continue to embrace digital transformation, the convergence of LED lighting with IoT, data analytics, and Building Management Systems is expected to accelerate. Partnerships between lighting product providers and automation leaders will likely expand, enabling more advanced, interoperable, and sustainable smart building ecosystems. In the coming years, demand will be driven by efficiency and cost savings, regulatory pressures, and corporate sustainability targets, positioning smart LED products as a cornerstone of next-generation industrial and commercial infrastructure.
Global Industrial And Commercial LED Lighting Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the industrial and commercial LED lighting market report based on product, application, end use, and region: