Commercial Lighting Market by Offering, Installation Type, Communication Technology, End-use Application, End-User

List of Tables

[183 Pages Report] The Commercial Lighting Market size was estimated at USD 14.83 billion in 2023 and expected to reach USD 17.80 billion in 2024, at a CAGR 21.11% to reach USD 56.68 billion by 2030.

Commercial lighting is installed for commercial spaces such as offices, stores, institutions, hospitals, and government buildings. Commercial lighting has a longer lifespan, better durability, and better energy-saving options than other types of lighting. The growing construction of commercial spaces and the rising adoption of integrated lighting control systems are accelerating the deployment of commercial lighting in commercial infrastructures. The rising demand for efficient LED lighting solutions from the commercial sector is resulting in increased production of commercial lighting solutions. However, the high installation and service cost and interoperability issues may limit their utilization by the end-use sectors. Moreover, the ongoing advancements and introduction of solar-based and energy-efficient lighting are expected to encourage the deployment of commercial lighting in commercial buildings across the globe.

KEY MARKET STATISTICS
Base Year [2023]	USD 14.83 billion
Estimated Year [2024]	USD 17.80 billion
Forecast Year [2030]	USD 56.68 billion
CAGR (%)	21.11%

Regional Insights

The commercial lighting market in the Americas is evolving owing to the presence of commercial spaces, breakthrough lighting availability, and a rising trend of using energy-efficient LED lighting solutions for office spaces. Growing demand from healthcare facilities due to their higher energy efficiency than conventional lighting solutions is accelerating the deployment of commercial lighting in hospital settings in the Americas. Significant advancements in energy efficiency and technological innovations allow for greater penetration of LED lighting solutions in the APAC region. The European, Middle Eastern, and African (EMEA) regions represent a growing commercial lighting market owing to the driving demand for the construction of commercial spaces with a high level of access to technological advances in lighting solutions. Additionally, governments throughout the region have implemented regulations promoting energy-efficient products, including lighting in commercial spaces. The rapid expansion of commercial spaces, increasing popularity of energy-efficient lights, and ongoing development of innovative and aesthetic designs are expected to increase the deployment of commercial lighting in commercial areas worldwide.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Commercial Lighting Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising infrastructure development with ongoing smart city projects
- Growing use of integrated lighting control systems coupled with acceptance of standard protocols
- Increasing demand for luminaries and LED lighting in commercial outdoor spaces

Market Restraints
- Capital-intensive installation and maintenance of commercial lighting

Market Opportunities
- Surge in the implementation of solar-based and PoE-based lighting solutions
- Robust shift from conventional lighting to smart lighting solutions

Market Challenges
- Concerns relating to security and reliability coupled with interoperability issues

Market Segmentation Analysis
- Offering: Growing integration of software solutions for controlling lights remotely, and smart lighting control systems
- End-User: Expanding applications of commercial lighting with the expansion of commercial office buildings

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Commercial Lighting Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Commercial Lighting Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Lumary to launch first 150W Smart UFO LED High Bay Light, which will change the situation of industrial and commercial lighting

The lighting industry is advancing rapidly, and Lumary is at the forefront of these developments. Their 150W Smart UFO LED High Bay Light is set to revolutionize commercial lighting with its advanced design that delivers superior energy efficiency and improved light output. The Lumary's integrated smart features enable users to remotely control, monitor, and schedule operations for increased safety, convenience, and cost savings. [Published On: 2023-05-11]

Zaniboni Lighting Partners with Moxie Lighting to Expand Innovative Architectural Lighting Solutions

Zaniboni Lighting recently announced a strategic partnership with Moxie Lighting, expanding their innovative architectural lighting solutions in Metro New York, Upstate New York, and New Jersey. Through the partnership, the two companies have access to each other's resources and expertise, allowing them to offer customers access to the latest advancements in commercial lighting across multiple markets. With this new collaboration, places of work and business can benefit from improved energy efficiency and cost savings that come with modern lighting technology. Zaniboni and Moxie Lighting are committed to providing premier solutions for those looking for innovative lighting solutions in these regions. [Published On: 2023-05-11]

Legrand Strengthens Commercial Lighting Control Offering With Encelium Acquisition

Legrand has recently acquired Encelium Technologies, a manufacturer of commercial lighting control systems. This strategic move gives Legrand further expertise in wired and wireless lighting control solutions and expands its product portfolio to include comprehensive system options for customers. This combination of products enables end-users to manage energy consumption while effectively leveraging the latest energy-saving technologies. [Published On: 2023-03-10]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Commercial Lighting Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Commercial Lighting Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Acuity Brands Lighting, Inc., Alcon Lighting Inc., ams-OSRAM AG, Commercial Lighting Industries, ERCO GmbH, Falcon LED Europe Ltd., GE Lighting, Helvar Merca Oy Ab, Honeywell International Inc., Ideal Industries, Inc., Jaquar Group, LEDVANCE GmbH, Legrand Group, Leviton Manufacturing Co., Inc., LG Electronics Inc., Lowe, Lumega, Lutron Electronics Co., Inc, magineer GmbH, Oregon Commercial Lighting, Panasonic Holdings Corporation, Pro Lighting Group Inc., Progress Lighting by Hubbell Incorporated, proXplus AG, RAB Lighting Inc., Schneider Electric SE, Siemens AG, Signify N.V., SSK Group, Synapse Wireless, Inc., TRILUX GmbH & Co. KG, WAC Lighting, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Commercial Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
- Services
- Software

Installation Type
- New Installation
- Retrofit Installation

Communication Technology
- Wired
- Wireless

End-use Application
- Indoor
- Outdoor

End-User
- Government Buildings
- Hospitals & Medical Centers
- Hotels & Resorts
- Office Buildings
- Schools & Institutions
- Stores & Retail Outlets
- Warehouses & Storage Areas

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-4F4C362637DC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising infrastructure development with ongoing smart city projects
  - 5.1.1.2. Growing use of integrated lighting control systems coupled with acceptance of standard protocols
  - 5.1.1.3. Increasing demand for luminaries and LED lighting in commercial outdoor spaces
- 5.1.2. Restraints
  - 5.1.2.1. Capital-intensive installation and maintenance of commercial lighting
- 5.1.3. Opportunities
  - 5.1.3.1. Surge in the implementation of solar-based and PoE-based lighting solutions
  - 5.1.3.2. Robust shift from conventional lighting to smart lighting solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns relating to security and reliability coupled with interoperability issues
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing integration of software solutions for controlling lights remotely, and smart lighting control systems
- 5.2.2. End-User: Expanding applications of commercial lighting with the expansion of commercial office buildings
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Commercial Lighting Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Commercial Lighting Market, by Installation Type

7.1. Introduction
7.2. New Installation
7.3. Retrofit Installation

8. Commercial Lighting Market, by Communication Technology

8.1. Introduction
8.2. Wired
8.3. Wireless

9. Commercial Lighting Market, by End-use Application

9.1. Introduction
9.2. Indoor
9.3. Outdoor

10. Commercial Lighting Market, by End-User

10.1. Introduction
10.2. Government Buildings
10.3. Hospitals & Medical Centers
10.4. Hotels & Resorts
10.5. Office Buildings
10.6. Schools & Institutions
10.7. Stores & Retail Outlets
10.8. Warehouses & Storage Areas

11. Americas Commercial Lighting Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Commercial Lighting Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Commercial Lighting Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Lumary to launch first 150W Smart UFO LED High Bay Light, which will change the situation of industrial and commercial lighting
- 14.3.2. Zaniboni Lighting Partners with Moxie Lighting to Expand Innovative Architectural Lighting Solutions
- 14.3.3. Legrand Strengthens Commercial Lighting Control Offering With Encelium Acquisition
- 14.3.4. Signify Acquires a U.S. Controls Company
- 14.3.5. CORE Builds Saylite with Vantage Acquisition
- 14.3.6. Brilliance LED Acquires Commercial Lighting Services
- 14.3.7. Acclaim Lighting Partners with Lumentender Control Solutions Inc. to Offer Cloud-Based Lighting Solutions
- 14.3.8. Halco Lighting Technologies Furthers Investment in Core Business; Divests Specialty Lighting Business
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio