PUBLISHER: IMARC | PRODUCT CODE: 1451609
PUBLISHER: IMARC | PRODUCT CODE: 1451609
Industrial and Commercial LED Lighting Market Report by Product Type, Application, Distribution Channel, End User, and Region 2024-2032
The global industrial and commercial LED lighting market size reached US$ 48.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 127.3 Billion by 2032, exhibiting a growth rate (CAGR) of 11% during 2024-2032. The increasing focus on energy efficiency and sustainable lighting solutions, stringent government regulations and policies promoting the adoption of energy-efficient lighting systems, and declining prices of LED lighting products represent some of the key factors driving the market.
Industrial and commercial LED lighting is an innovative lighting solution that is made by combining a diode, a driver, and a heat sink in a durable and energy-efficient package. They consist of several components, including an epoxy case, wire bond, reflectivity cavity, semiconductor diode, and a lead frame with two leads. LED lights have a longer lifespan and are an energy-efficient and cost-effective alternative. In comparison to incandescent and fluorescent lights, LED lights emit less heat and contain no toxic substances like mercury, making them a safer and more eco-friendly option. Currently, there are a wide variety of product variants available, including high bay lights, floodlights, and panel lights, among others. These lights offer flexibility and customization to fit the specific needs of different commercial and industrial applications.
Industrial and Commercial LED Lighting Market Trends:
The increasing focus on energy efficiency and sustainable lighting solutions and stringent government regulations and policies promoting the adoption of energy-efficient lighting systems are some of the primary factors propelling the market growth. Moreover, the declining prices of LED lighting products, coupled with advancements in technology, are acting as another growth-inducing factor. Furthermore, the growing awareness regarding the environmental benefits of LED lighting, such as reduced carbon emissions and lower environmental impact, is favoring the market growth. Moreover, the rising demand for smart lighting solutions, and the rapid urbanization and infrastructural development are creating a positive outlook for the market. Besides this, the escalating adoption of the Internet of Things (IoT) technology in lighting systems and the surging demand for retrofitting conventional lighting systems with LED lights to improve energy efficiency and reduce maintenance costs are fueling the market growth. Apart from this, the expanding automotive and transportation sector, the growing trend of smart cities, and the integration of LED lighting in urban infrastructure projects are driving the market growth. Other factors, such as the shifting focus on enhancing workplace safety and productivity and the advancements in LED technology, such as miniaturization and improved light quality, are providing a significant boost to the market growth.
Key Market Segmentation:
IMARC Group 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 2024-2032. Our report has categorized the market based on product type, application, distribution channel and end user.
Product Type Insights:
LED Lamps
LED Fixtures
The report has provided a detailed breakup and analysis of the global industrial and commercial LED lighting market based on the product type. This includes LED lamps and LED fixtures. According to the report, the LED fixtures segment dominates the market.
Application Insights:
Indoor Lighting
Outdoor Lighting
The report has provided a detailed breakup and analysis of the global industrial and commercial LED lighting market based on application. This includes indoor lighting and outdoor lighting. According to the report, the indoor lighting segment holds the largest market share.
Distribution Channel Insights:
Direct Sales
Online Stores
Specialty Stores
Others
The report has provided a detailed breakup and analysis of the global industrial and commercial LED lighting market based on the distributional channel. This includes direct sales, online stores, specialty stores, and others.
End User Insights:
Industrial
Commercial
The report has provided a detailed breakup and analysis of the global industrial and commercial LED lighting market based on the end user. This includes industrial and commercial.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. As per the report, North America dominates the market. Some of the factors accelerating the North America industrial and commercial LED lighting market include growing emphasis on energy efficiency and sustainability initiatives, government regulations and policies aimed at reducing carbon emissions and promoting energy-efficient practices and increasing awareness and demand for smart lighting solutions.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial and commercial LED lighting market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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 and Zumtobel Group., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global industrial and commercial LED lighting market in 2023?
- 2. What is the expected growth rate of the global industrial and commercial LED lighting market during 2024-2032?
- 3. What are the key factors driving the global industrial and commercial LED lighting market?
- 4. What has been the impact of COVID-19 on the global industrial and commercial LED lighting market?
- 5. What is the breakup of the global industrial and commercial LED lighting market based on the product type?
- 6. What is the breakup of the global industrial and commercial LED lighting market based on the application?
- 7. What are the key regions in the global industrial and commercial LED lighting market?
- 8. Who are the key players/companies in the global industrial and commercial LED lighting market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial and Commercial LED Lighting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 LED Lamps
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 LED Fixtures
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Indoor Lighting
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Outdoor Lighting
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Direct Sales
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Online Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Specialty Stores
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by End User
- 9.1 Industrial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Acuity Brands lighting Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 ams-OSRAM AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Cree Lighting (Ideal Industries Inc.)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Dialight plc
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Eaton Corporation plc
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Emerson Electric Co.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Litetronics International Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Schneider Electric SE
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Signify N.V.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Syska Hennessy Group
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Zumtobel Group
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.1 Acuity Brands lighting Inc.
List of Figures
- Figure 1: Global: Industrial and Commercial LED Lighting Market: Major Drivers and Challenges
- Figure 2: Global: Industrial and Commercial LED Lighting Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Industrial and Commercial LED Lighting Market: Breakup by Product Type (in %), 2023
- Figure 5: Global: Industrial and Commercial LED Lighting Market: Breakup by Application (in %), 2023
- Figure 6: Global: Industrial and Commercial LED Lighting Market: Breakup by Distribution Channel (in %), 2023
- Figure 7: Global: Industrial and Commercial LED Lighting Market: Breakup by End User (in %), 2023
- Figure 8: Global: Industrial and Commercial LED Lighting Market: Breakup by Region (in %), 2023
- Figure 9: Global: Industrial and Commercial LED Lighting (LED Lamps) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Industrial and Commercial LED Lighting (LED Lamps) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Industrial and Commercial LED Lighting (LED Fixtures) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Industrial and Commercial LED Lighting (LED Fixtures) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Industrial and Commercial LED Lighting (Indoor Lighting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Industrial and Commercial LED Lighting (Indoor Lighting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Industrial and Commercial LED Lighting (Outdoor Lighting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Industrial and Commercial LED Lighting (Outdoor Lighting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Industrial and Commercial LED Lighting (Direct Sales) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Industrial and Commercial LED Lighting (Direct Sales) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Industrial and Commercial LED Lighting (Online Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Industrial and Commercial LED Lighting (Online Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Industrial and Commercial LED Lighting (Specialty Stores) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Industrial and Commercial LED Lighting (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Industrial and Commercial LED Lighting (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Industrial and Commercial LED Lighting (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Industrial and Commercial LED Lighting (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Industrial and Commercial LED Lighting (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Industrial and Commercial LED Lighting (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Industrial and Commercial LED Lighting (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: North America: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: North America: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: United States: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: United States: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Canada: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Canada: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Asia-Pacific: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Asia-Pacific: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: China: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: China: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Japan: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Japan: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: India: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: India: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: South Korea: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: South Korea: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Australia: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Australia: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Indonesia: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Indonesia: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Others: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Others: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Europe: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Europe: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Germany: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Germany: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: France: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: France: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: United Kingdom: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: United Kingdom: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Italy: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Italy: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Spain: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Spain: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Russia: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Russia: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Others: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Others: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Latin America: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Latin America: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Brazil: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Brazil: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Mexico: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Mexico: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Middle East and Africa: Industrial and Commercial LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Middle East and Africa: Industrial and Commercial LED Lighting Market: Breakup by Country (in %), 2023
- Figure 77: Middle East and Africa: Industrial and Commercial LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Global: Industrial and Commercial LED Lighting Industry: SWOT Analysis
- Figure 79: Global: Industrial and Commercial LED Lighting Industry: Value Chain Analysis
- Figure 80: Global: Industrial and Commercial LED Lighting Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial and Commercial LED Lighting Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Industrial and Commercial LED Lighting Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Industrial and Commercial LED Lighting Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Industrial and Commercial LED Lighting Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 5: Global: Industrial and Commercial LED Lighting Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 6: Global: Industrial and Commercial LED Lighting Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Industrial and Commercial LED Lighting Market: Competitive Structure
- Table 8: Global: Industrial and Commercial LED Lighting Market: Key Players
