LED Industrial Lighting Market | Discover Top Trends and Drivers
Market Growth and Forecasts for 2021-2025
The led industrial lighting market and it is expected to grow by $ 1.44 bn, decelerating at a CAGR of almost 5.94% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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LED Industrial Lighting Market: Market Segments and Key Trends
This report provides a detailed analysis of the market by Product (Lamps and Luminaires), Type (Lamp and Luminaire), and Geography (APAC, Europe, North America, South America, and MEA). 51% of the market growth will originate from APAC during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
LED Industrial Lighting Market: Leading Factors to Drive Market Growth
One of the primary factors that will drive market growth is the phasing out halogen, incandescent, fluorescent, and hid lamps. The led industrial lighting market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
LED Industrial Lighting Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acuity Brands Inc., Bridgelux Inc., Cree Lighting, Dialight Plc, Eaton Corp. Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Wipro Ltd., and Zumtobel Group AG are some of the major market participants.
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LED Industrial Lighting Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
LED Industrial Lighting Market | Growth and Analysis
Recovery and Growth Insights for 2021-2025
Led industrial lighting market is set to post an incremental growth of $ 1.44 bn during 2021-2025. The market will decelerate at a CAGR of over 5.94% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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LED Industrial Lighting Market: Market Segments and Key Trends
This report provides a detailed analysis of the market by Product (Lamps and Luminaires), Type (Lamp and Luminaire), and Geography (APAC, Europe, North America, South America, and MEA). 51% of the market growth will originate from APAC during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
LED Industrial Lighting Market: Leading Factors to Drive Market Growth
One of the primary factors that will drive market growth is the phasing out halogen, incandescent, fluorescent, and hid lamps. The led industrial lighting market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Vendor Analysis: Acuity Brands Inc., Bridgelux Inc. and Cree Lighting are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acuity Brands Inc., Bridgelux Inc., Cree Lighting, Dialight Plc, Eaton Corp. Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Wipro Ltd., and Zumtobel Group AG are some of the major market participants.
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LED Industrial Lighting Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
LED Industrial Lighting Market: Key Geographies that will Drive Growth
Geographical Analysis and Market Highlights 2021-2025
The led industrial lighting market is set to grow by $ 1.44 bn, decelerating at a CAGR of almost 5.94% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.
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LED Industrial Lighting Market: APAC to lead market growth during the forecast period
LED Industrial Lighting Market: Competitive Landscape
Acuity Brands Inc., Bridgelux Inc., Cree Lighting, Dialight Plc, Eaton Corp. Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Wipro Ltd., and Zumtobel Group AGare some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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The report provides insights into the following FAQs:
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
LED Industrial Lighting Market Size to Grow by $ 2.13 Bn through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the led industrial lighting market and it is expected to grow by $ 2.13 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
LED Industrial Lighting Market: Emerging Trends to Impact Market Growth
Need for led lighting in hazardous areas to emerge as a key trend in the industrial led industrial lighting market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
LED Industrial Lighting Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acuity Brands Inc., Bridgelux Inc., Cree Inc., Dialight Plc, Eaton Corporation Plc, Hubbell Inc., Koninklijke Philips NV, OSRAM Licht AG, Wipro Ltd., and Zumtobel Group AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the global LED industrial lighting market and it is expected to grow by USD 2.13 billion accelerating at a CAGR of over 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
This report provides a detailed analysis of the LED industrial lighting market by Type (Lamp and Luminaire) and Geographic (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the LED industrial lighting market.
LED Industrial Lighting Market: Segmentation by Type
During 2019, the lamp segment accounted for the major share of the LED Industrial Lighting Market. The high sale of LED lamps and the increased installation of LED lights in manufacturing plants and facilities of numerous OEMs around the world will raise the demand for LED lamps in the coming years. This report provides an accurate estimate of the contribution of all the segments to the growth of the LED industrial lighting market size.
LED Industrial Lighting Market: Segmentation by Geography
APAC was the largest LED Industrial Lighting Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for LED industrial lighting in APAC. Market growth in this region will be faster than the growth of the market in other regions.
LED Industrial Lighting Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acuity Brands Inc., Bridgelux Inc. and Cree Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detaiLED insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
