Latest News- Industrial Lighting Market: LED technology is expected to lead the Type segment during 2025-2029

The Industrial Lighting Market is being driven by Rise in adoption of energy-efficient lighting technologies

The Industrial Lighting Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2826.3 million. The industrial lighting market is undergoing significant transformation due to technological advancements, introducing innovative solutions such as smart lighting systems and connected lighting controls. These systems offer enhanced capabilities, operational efficiencies, and adaptive functionalities, catering to the dynamic needs of modern industrial environments. Smart lighting systems, in particular, provide integrated intelligent controls and advanced functionalities, optimizing energy efficiency and operational performance. Utilizing integrated sensors, wireless connectivity, and data-driven algorithms, these systems dynamically adjust lighting levels, respond to occupancy patterns, and maximize energy savings. For instance, a smart lighting system implemented in a warehouse facility can autonomously adjust illumination levels based on real-time occupancy data, ensuring adequate lighting while optimizing energy consumption for operational tasks. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • LED technology
  • Traditional technology
• Application
  • Warehouse & Cold Storage
  • Factory & Production Lines
  • Outer Premises
  • Parking Areas
  • Hazardous Locations
  • Others
• Product
  • Industrial linear lighting
  • Spot lighting
  • Flood lighting/area lighting
  • High bay lighting
• Light Source
  • LED Lighting
  • High Intensity Discharge (HID) Lighting
  • Fluorescent Lighting
  • Others
• End Use
  • Manufacturing
  • Oil and Gas
  • Mining
  • Automotive
  • Pharmaceuticals & Chemicals
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in adoption of energy-efficient lighting technologies
• Increasing modernization and infrastructural development
• Increasing government initiatives to adopt energy-efficient lighting in industrial sector

However, the market also witnesses some limitations, which are as follows:

• High initial cost for industrial lighting solutions
• Rise in adoption of counterfeit products
• Sustainability issue in lighting industry

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Market Scope in Industrial Lighting Market Research Report

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Research Analysis Overview

The Industrial Lighting Market encompasses various components including retrofit kits, LED modules, high-power LEDs, smart controls, IoT integration, data analytics, and remote monitoring. Green building standards such as LEED certification and Energy Star are driving the adoption of energy-efficient solutions like LEDs, replacing traditional light sources such as high-pressure sodium, metal halide, compact fluorescent, and T5 fluorescent. LEDs offer advantages like heat dissipation, thermal management, and superior luminaire efficiency. Additionally, human-centric lighting considerations, including circadian rhythm, visual comfort, light quality, color rendering, spectral power distribution, and light therapy, are becoming increasingly important. Smart controls and IoT integration enable energy savings, while data analytics provide valuable insights into lighting usage and performance. Light pollution mitigation is also a growing concern.

Market Research Overview

The Industrial Lighting Market is a significant segment of the larger Global Electrical Components and Equipment Market. This market encompasses the production of LED lighting, high bay lighting, HID lighting, and industrial fixtures. The parent industry, which includes manufacturers of electrical cables and wires, electrical components, and electrical equipment, generates revenue from various sectors such as water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and HVAC, among others. Technavio's calculation of the Global Electrical Components and Equipment Market size considers the combined earnings from these sectors, in addition to the rental and leasing of electrical components and equipment to industrial, commercial, and residential clients. Key products in the Industrial Lighting Market include LED lighting, high bay lighting, and HID lighting, with industrial fixtures serving as essential components in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/