Summary

Persistence Market Research has conducted a thorough analysis of the global Industrial Lighting Market, offering insights into market dynamics, growth drivers, challenges, and emerging trends. Here's a rewritten version of the provided information:

Key Insights:

• Estimated Market Value (2024): USD 10.7 Billion
• Projected Market Value (2033): USD 19.3 Billion
• Global Market Growth Rate (CAGR 2024 to 2033): 6.8%

Industrial Lighting Market - Report Scope:

Industrial lighting solutions play a vital role in ensuring safety, productivity, and efficiency within manufacturing and industrial facilities. These solutions encompass high-efficiency LED lighting, smart lighting systems, and specialized fixtures designed for hazardous environments. The market is being propelled by the shift towards energy-efficient lighting technologies and the adoption of smart lighting control systems. Additionally, the industrial sector's increasing focus on sustainability and compliance with energy regulations further drives the demand for efficient lighting solutions. Advancements in lighting technology, such as IoT-enabled lighting systems and human-centric lighting designs, are also enhancing workplace safety and productivity.

Market Growth Drivers:

Several factors are contributing to the growth of the industrial lighting market. These include the rising adoption of LED lighting due to its energy efficiency, longer lifespan, and reduced maintenance costs. Government initiatives aimed at promoting energy efficiency and sustainability are also fostering market growth by encouraging industrial facilities to upgrade their lighting systems. Moreover, stringent safety regulations and standards mandating adequate lighting levels in workplaces are creating a steady demand for industrial lighting solutions. The trend towards smart factories and Industry 4.0 initiatives further boosts the market, as manufacturers seek connected lighting solutions to enhance operational efficiency and flexibility.

Market Restraints:

Despite its positive outlook, the industrial lighting market faces challenges. These include the high initial costs associated with LED and smart lighting systems, which can deter small and medium-sized enterprises (SMEs) from investing in new lighting technologies. Economic uncertainties and budget constraints in certain regions may also impact market growth by delaying capital expenditures on lighting upgrades. Furthermore, the complexity of integrating smart lighting systems with existing industrial automation and control systems poses a challenge. Concerns about data security and interoperability may also slow down the adoption of IoT-enabled lighting solutions in industrial settings.

Market Opportunities:

The industrial lighting market presents opportunities for innovation and growth. Manufacturers are focusing on developing customizable lighting solutions tailored to the specific needs of industrial applications, including high bay lighting, task lighting, and explosion-proof lighting for hazardous areas. There is also a growing demand for human-centric lighting solutions that promote employee well-being and productivity by adjusting lighting intensity and color temperature throughout the day to mimic natural sunlight. Emerging markets, particularly in Asia Pacific and Latin America, offer significant growth opportunities as industrialization and infrastructure development drive demand for modern lighting solutions.

Competitive Landscape and Business Strategies:

Key players in the industrial lighting market, such as Signify N.V. (formerly Philips Lighting), GE Lighting (General Electric Company), and OSRAM Licht AG, focus on product innovation, strategic partnerships, and acquisitions to maintain market leadership and expand their product portfolios. Strategies such as launching new products with enhanced features, expanding distribution networks, and investing in R&D for next-generation lighting technologies are common among these players. Moreover, partnerships with industrial automation providers and system integrators enable companies to offer integrated lighting solutions that enhance operational efficiency and cost-effectiveness for industrial customers.

Key Companies Profiled:

• Signify N.V. (formerly Philips Lighting)
• GE Lighting (General Electric Company)
• OSRAM Licht AG
• Acuity Brands Lighting, Inc.
• Eaton Corporation plc
• Cree, Inc.
• Zumtobel Group AG
• Hubbell Incorporated
• Dialight plc
• Emerson Electric Co.

Industrial Lighting Market Segmentation:

By Type:

• LED Industrial Lighting
• High Intensity Discharge (HID) Industrial Lighting
• Fluorescent Industrial Lighting

By Installation:

• New Installation
• Replacement Installation
• Retrofit Installation

By Application:

• Industrial Linear Lighting
• Industrial Spot Lighting
• Industrial Flood Lighting/Area Lighting
• Industrial High Bay Lighting

By End User:

• Industrial Lighting for Warehouses & Cold Storages
• Industrial Lighting for Factory & Production Lines
• Industrial Lighting for Outer Premises
• Industrial Lighting for Parking Areas
• Industrial Lighting for Hazardous Locations
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033
5.1. Historical Market Volume (‘000 Units) Analysis, 2019-2023
5.2. Current and Future Market Volume (‘000 Units) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033
7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global E-Commerce Industry Overview
8.1.3. Global Oil and gas Industry Overview
8.1.4. Global Food and Beverages Industry Outlook
8.1.5. Other Macro Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Global Infrastructure Growth Outlook
8.2.4. Global Urbanization Growth Outlook
8.2.5. Business Climate
8.3. Value Chain
8.3.1. Raw Material Suppliers
8.3.2. Product Manufacturers
8.3.3. List of key Technologies
8.3.4. Key Regulations
8.4. COVID-19 Crisis - Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Material Type, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Material Type, 2024-2033
9.3.1. LED Industrial Lighting
9.3.2. High Intensity Discharge (HID) Industrial Lighting
9.3.3. Fluorescent Industrial Lighting
9.4. Market Attractiveness Analysis By Type
10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Installation
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Installation, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Installation, 2024-2033
10.3.1. New Installation
10.3.2. Replacement Installation
10.3.3. Retrofit Installation
10.4. Market Attractiveness Analysis By Installation
11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Application, 2019-2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Application, 2024-2033
11.3.1. Industrial Linear Lighting
11.3.2. Industrial Spot Lighting
11.3.3. Industrial Flood Lighting/Area Lighting
11.3.4. Industrial High Bay Lighting
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2019-2023 and Forecast 2024-2033, by End User
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Bn) and Volume Analysis By End User, 2019-2023
12.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By End User, 2024-2033
12.3.1. Industrial Lighting for Warehouses & Cold Storages
12.3.2. Industrial Lighting for Factory & Production Lines
12.3.3. Industrial Lighting for Outer Premises
12.3.4. Industrial Lighting for Parking Areas
12.3.5. Industrial Lighting for Hazardous Locations
12.3.6. Others
12.4. Market Attractiveness Analysis By End User
13. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region
13.1. Introduction
13.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2033
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. East Asia
13.3.5. South Asia and Pacific
13.3.6. Middle East and Africa
13.4. Market Attractiveness Analysis By Region
14. North America Market Analysis 2019-2023 and Forecast 2024-2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
14.4.1. By Country
14.4.1.1. U.S.
14.4.1.2. Canada
14.4.2. By Material Type
14.4.3. By Installation
14.4.4. By Application
14.4.5. By End User
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Material Type
14.5.3. By Installation
14.5.4. By Application
14.5.5. By End User
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Latin America Market Analysis 2019-2023 and Forecast 2024-2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
15.4.1. By Country
15.4.1.1. Brazil
15.4.1.2. Mexico
15.4.1.3. Rest of Latin America
15.4.2. By Material Type
15.4.3. By Installation
15.4.4. By Application
15.4.5. By End User
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Material Type
15.5.3. By Installation
15.5.4. By Application
15.5.5. By End User
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Europe Market Analysis 2019-2023 and Forecast 2024-2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
16.4.1. By Country
16.4.1.1. Germany
16.4.1.2. Italy
16.4.1.3. France
16.4.1.4. U.K.
16.4.1.5. Spain
16.4.1.6. NORDICS
16.4.1.7. Russia
16.4.1.8. Rest of Europe
16.4.2. By Material Type
16.4.3. By Installation
16.4.4. By Application
16.4.5. By End User
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Material Type
16.5.3. By Installation
16.5.4. By Application
16.5.5. By End User
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. East Asia Market Analysis 2019-2023 and Forecast 2024-2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. By Material Type
17.4.3. By Installation
17.4.4. By Application
17.4.5. By End User
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Material Type
17.5.3. By Installation
17.5.4. By Application
17.5.5. By End User
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
18.4.1. By Country
18.4.1.1. India
18.4.1.2. ASEAN
18.4.1.3. Oceania
18.4.1.4. Rest of South Asia & Pacific
18.4.2. By Material Type
18.4.3. By Installation
18.4.4. By Application
18.4.5. By End User
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Material Type
18.5.3. By Installation
18.5.4. By Application
18.5.5. By End User
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
19.4.1. By Country
19.4.1.1. GCC Countries
19.4.1.2. Turkey
19.4.1.3. Northern Africa
19.4.1.4. South Africa
19.4.1.5. Rest of Middle East and Africa
19.4.2. By Material Type
19.4.3. By Installation
19.4.4. By Application
19.4.5. By End User
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Material Type
19.5.3. By Installation
19.5.4. By Application
19.5.5. By End User
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Country Wise Market Analysis 2024-2033
20.1. Introduction
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Market Analysis
20.2.1. By Material Type
20.2.2. By Installation
20.2.3. By Application
20.2.4. By End User
20.3. Canada Market Analysis
20.3.1. By Material Type
20.3.2. By Installation
20.3.3. By Application
20.3.4. By End User
20.4. Mexico Market Analysis
20.4.1. By Material Type
20.4.2. By Installation
20.4.3. By Application
20.4.4. By End User
20.5. Brazil Market Analysis
20.5.1. By Material Type
20.5.2. By Installation
20.5.3. By Application
20.5.4. By End User
20.6. Germany Market Analysis
20.6.1. By Material Type
20.6.2. By Installation
20.6.3. By Application
20.6.4. By End User
20.7. Italy Market Analysis
20.7.1. By Material Type
20.7.2. By Installation
20.7.3. By Application
20.7.4. By End User
20.8. France Market Analysis
20.8.1. By Material Type
20.8.2. By Installation
20.8.3. By Application
20.8.4. By End User
20.9. U.K. Market Analysis
20.9.1. By Material Type
20.9.2. By Installation
20.9.3. By Application
20.9.4. By End User
20.10. Spain Market Analysis
20.10.1. By Material Type
20.10.2. By Installation
20.10.3. By Application
20.10.4. By End User
20.11. BENELUX Market Analysis
20.11.1. By Material Type
20.11.2. By Installation
20.11.3. By Application
20.11.4. By End User
20.12. Russia Market Analysis
20.12.1. By Material Type
20.12.2. By Installation
20.12.3. By Application
20.12.4. By End User
20.13. China Market Analysis
20.13.1. By Material Type
20.13.2. By Installation
20.13.3. By Application
20.13.4. By End User
20.14. Japan Market Analysis
20.14.1. By Material Type
20.14.2. By Installation
20.14.3. By Application
20.14.4. By End User
20.15. S. Korea Market Analysis
20.15.1. By Material Type
20.15.2. By Installation
20.15.3. By Application
20.15.4. By End User
20.16. ASEAN Market Analysis
20.16.1. By Material Type
20.16.2. By Installation
20.16.3. By Application
20.16.4. By End User
20.17. Australia and New Zealand Market Analysis
20.17.1. By Material Type
20.17.2. By Installation
20.17.3. By Application
20.17.4. By End User
20.18. GCC Countries Market Analysis
20.18.1. By Material Type
20.18.2. By Installation
20.18.3. By Application
20.18.4. By End User
20.19. Turkey Market Analysis
20.19.1. By Material Type
20.19.2. By Installation
20.19.3. By Application
20.19.4. By End User
20.20. Northern Africa Market Analysis
20.20.1. By Material Type
20.20.2. By Installation
20.20.3. By Application
20.20.4. By End User
20.21. South Africa Market Analysis
20.21.1. By Material Type
20.21.2. By Installation
20.21.3. By Application
20.21.4. By End User
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Share Analysis of Top Players
21.3. Market Presence Analysis
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. Emerson Electric Co
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
22.3.1.4. Sales Footprint
22.3.1.5. Strategy Overview
22.3.2. Signify Holding
22.3.2.1. Overview
22.3.2.2. Product Portfolio
22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
22.3.2.4. Sales Footprint
22.3.2.5. Strategy Overview
22.3.3. OSRAM Opto Semiconductors GmbH
22.3.3.1. Overview
22.3.3.2. Product Portfolio
22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
22.3.3.4. Sales Footprint
22.3.3.5. Strategy Overview
22.3.4. GE Current, a Daintree company
22.3.4.1. Overview
22.3.4.2. Product Portfolio
22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
22.3.4.4. Sales Footprint
22.3.4.5. Strategy Overview
22.3.5. Panasonic Corporation
22.3.5.1. Overview
22.3.5.2. Product Portfolio
22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
22.3.5.4. Sales Footprint
22.3.5.5. Strategy Overview
22.3.6. Hubbell Incorporated
22.3.6.1. Overview
22.3.6.2. Product Portfolio
22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
22.3.6.4. Sales Footprint
22.3.6.5. Strategy Overview
22.3.7. ACUITY BRANDS LIGHTING
22.3.7.1. Overview
22.3.7.2. Product Portfolio
22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
22.3.7.4. Sales Footprint
22.3.7.5. Strategy Overview
22.3.8. LSI Industries Inc.
22.3.8.1. Overview
22.3.8.2. Product Portfolio
22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
22.3.8.4. Sales Footprint
22.3.8.5. Strategy Overview
22.3.9. Wipro Consumer Care and Lighting
22.3.9.1. Overview
22.3.9.2. Product Portfolio
22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
22.3.9.4. Sales Footprint
22.3.9.5. Strategy Overview
22.3.10. Bajaj Electricals Limited
22.3.10.1. Overview
22.3.10.2. Product Portfolio
22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
22.3.10.4. Sales Footprint
22.3.10.5. Strategy Overview
22.3.11. Wipro Lighting
22.3.11.1. Overview
22.3.11.2. Product Portfolio
22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
22.3.11.4. Sales Footprint
22.3.11.5. Strategy Overview
22.3.12. Iwasaki Electric Co. Ltd.
22.3.12.1. Overview
22.3.12.2. Product Portfolio
22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
22.3.12.4. Sales Footprint
22.3.12.5. Strategy Overview
22.3.13. Elba SA
22.3.13.1. Overview
22.3.13.2. Product Portfolio
22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
22.3.13.4. Sales Footprint
22.3.13.5. Strategy Overview
23. Assumptions and Acronyms Used
24. Research Methodology