Global Industrial Lighting Market 2024-2028

The industrial lighting market is forecasted to grow by USD 3.25 bn during 2023-2028, accelerating at a CAGR of 6.43% during the forecast period. The report on the industrial lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.81%
CAGR	6.43%
Incremental Value	$3.25bn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in the adoption of energy-efficient lighting technologies, increasing modernization and infrastructural development, and increasing government initiatives to adopt energy-efficient lighting in the industrial sector.

Technavio's industrial lighting market is segmented as below:

By Type

LED technology
Traditional technology

By Application

New installation
Replacement installation
Retrofit installation

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the ongoing advancements in lighting technologies in the industrial sector as one of the prime reasons driving the industrial lighting market growth during the next few years. Also, the rise in popularity of wireless data transfer leads and the rise in strategic partnerships and recent developments will lead to sizable demand in the market.

The report on the industrial lighting market covers the following areas:

Industrial lighting market sizing
Industrial lighting market forecast
Industrial lighting market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial lighting market vendors that include Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight Plc, Eaton Corp. Plc, Emerson Electric Co., Fagerhult Group, General Electric Co., Glamox Group, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG. Also, the industrial lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR41000

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global industrial lighting market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global industrial lighting market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 LED technology - Market size and forecast 2023-2028
Exhibit 34: Chart on LED technology - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on LED technology - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on LED technology - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on LED technology - Year-over-year growth 2023-2028 (%)
6.4 Traditional technology - Market size and forecast 2023-2028
Exhibit 38: Chart on Traditional technology - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Traditional technology - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Traditional technology - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Traditional technology - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ billion)
Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 New installation - Market size and forecast 2023-2028
Exhibit 48: Chart on New installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on New installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on New installation - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on New installation - Year-over-year growth 2023-2028 (%)
7.4 Replacement installation - Market size and forecast 2023-2028
Exhibit 52: Chart on Replacement installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Replacement installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Replacement installation - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Replacement installation - Year-over-year growth 2023-2028 (%)
7.5 Retrofit installation - Market size and forecast 2023-2028
Exhibit 56: Chart on Retrofit installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Retrofit installation - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Retrofit installation - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Retrofit installation - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ billion)
Exhibit 61: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Acuity Brands Inc.
Exhibit 115: Acuity Brands Inc. - Overview
Exhibit 116: Acuity Brands Inc. - Business segments
Exhibit 117: Acuity Brands Inc. - Key news
Exhibit 118: Acuity Brands Inc. - Key offerings
Exhibit 119: Acuity Brands Inc. - Segment focus
12.4 ams OSRAM AG
Exhibit 120: ams OSRAM AG - Overview
Exhibit 121: ams OSRAM AG - Business segments
Exhibit 122: ams OSRAM AG - Key offerings
Exhibit 123: ams OSRAM AG - Segment focus
12.5 Bajaj Electricals Ltd.
Exhibit 124: Bajaj Electricals Ltd. - Overview
Exhibit 125: Bajaj Electricals Ltd. - Business segments
Exhibit 126: Bajaj Electricals Ltd. - Key news
Exhibit 127: Bajaj Electricals Ltd. - Key offerings
Exhibit 128: Bajaj Electricals Ltd. - Segment focus
12.6 Dialight Plc
Exhibit 129: Dialight Plc - Overview
Exhibit 130: Dialight Plc - Business segments
Exhibit 131: Dialight Plc - Key offerings
Exhibit 132: Dialight Plc - Segment focus
12.7 Eaton Corp. Plc
Exhibit 133: Eaton Corp. Plc - Overview
Exhibit 134: Eaton Corp. Plc - Business segments
Exhibit 135: Eaton Corp. Plc - Key news
Exhibit 136: Eaton Corp. Plc - Key offerings
Exhibit 137: Eaton Corp. Plc - Segment focus
12.8 Emerson Electric Co.
Exhibit 138: Emerson Electric Co. - Overview
Exhibit 139: Emerson Electric Co. - Business segments
Exhibit 140: Emerson Electric Co. - Key news
Exhibit 141: Emerson Electric Co. - Key offerings
Exhibit 142: Emerson Electric Co. - Segment focus
12.9 General Electric Co.
Exhibit 143: General Electric Co. - Overview
Exhibit 144: General Electric Co. - Business segments
Exhibit 145: General Electric Co. - Key news
Exhibit 146: General Electric Co. - Key offerings
Exhibit 147: General Electric Co. - Segment focus
12.10 Hubbell Inc.
Exhibit 148: Hubbell Inc. - Overview
Exhibit 149: Hubbell Inc. - Business segments
Exhibit 150: Hubbell Inc. - Key offerings
Exhibit 151: Hubbell Inc. - Segment focus
12.11 Legrand SA
Exhibit 152: Legrand SA - Overview
Exhibit 153: Legrand SA - Business segments
Exhibit 154: Legrand SA - Key offerings
Exhibit 155: Legrand SA - Segment focus
12.12 Panasonic Holdings Corp.
Exhibit 156: Panasonic Holdings Corp. - Overview
Exhibit 157: Panasonic Holdings Corp. - Business segments
Exhibit 158: Panasonic Holdings Corp. - Key news
Exhibit 159: Panasonic Holdings Corp. - Key offerings
Exhibit 160: Panasonic Holdings Corp. - Segment focus
12.13 RAB lighting Inc.
Exhibit 161: RAB lighting Inc. - Overview
Exhibit 162: RAB lighting Inc. - Product / Service
Exhibit 163: RAB lighting Inc. - Key offerings
12.14 Signify NV
Exhibit 164: Signify NV - Overview
Exhibit 165: Signify NV - Business segments
Exhibit 166: Signify NV - Key news
Exhibit 167: Signify NV - Key offerings
Exhibit 168: Signify NV - Segment focus
12.15 Wipro Ltd.
Exhibit 169: Wipro Ltd. - Overview
Exhibit 170: Wipro Ltd. - Business segments
Exhibit 171: Wipro Ltd. - Key news
Exhibit 172: Wipro Ltd. - Key offerings
Exhibit 173: Wipro Ltd. - Segment focus
12.16 Wolfspeed Inc.
Exhibit 174: Wolfspeed Inc. - Overview
Exhibit 175: Wolfspeed Inc. - Business segments
Exhibit 176: Wolfspeed Inc. - Key offerings
Exhibit 177: Wolfspeed Inc. - Segment focus
12.17 Zumtobel Group AG
Exhibit 178: Zumtobel Group AG - Overview
Exhibit 179: Zumtobel Group AG - Business segments
Exhibit 180: Zumtobel Group AG - Key offerings
Exhibit 181: Zumtobel Group AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 182: Inclusions checklist
Exhibit 183: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 184: Currency conversion rates for US$
13.4 Research methodology
Exhibit 185: Research methodology
Exhibit 186: Validation techniques employed for market sizing
Exhibit 187: Information sources
13.5 List of abbreviations
Exhibit 188: List of abbreviations