The industrial and commercial led lighting market is forecasted to grow by USD 17993.8 mn during 2024-2029, accelerating at a CAGR of 8.5% during the forecast period. The report on the industrial and commercial led lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
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 declining manufacturing cost of led, phasing out halogen, incandescent, fluorescent, and hid lamps, and need for led lighting in hazardous areas.
Market Scope
Base Year
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
7.1%
CAGR
8.5%
Incremental Value
$17993.8 mn
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial and commercial led lighting market is segmented as below:
By Product Type
LED lamps
LED fixtures
By Application
Indoor
Outdoor
By End-user
Commercial
Industrial
By Geographical Landscape
Europe
APAC
North America
Middle East and Africa
South America
This study identifies the growing traction for intelligent lighting systems as one of the prime reasons driving the industrial and commercial led lighting market growth during the next few years. Also, growth of chips on board (COB) leds for industrial applications and emergence of smart cities will lead to sizable demand in the market.
The report on the industrial and commercial led lighting market covers the following areas:
Industrial And Commercial LED Lighting Market sizing
Industrial And Commercial LED Lighting Market forecast
Industrial And Commercial LED 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 and commercial led lighting market vendors that include Acuity Brands Inc., Advanced Lighting Technologies LLC, Cree LED, DECO Lighting Inc., Dialight PLC, Eaton Corp. plc, Emerson Electric Co., General Electric Co., Halonix Technologies Pvt Ltd., Havells India Ltd., Hubbell Inc., Koninklijke Philips NV, OSRAM GmbH, Panasonic Holdings Corp., Savant Systems Inc., Signify NV, Syska Led Lights Pvt. Ltd., Toshiba Corp., WAC Lighting, and Zumtobel Group AG. Also, the industrial and commercial led 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 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Industrial And Commercial LED Lighting Market 2019 - 2023
Historic Market Size - Data Table on Global Industrial And Commercial LED Lighting Market 2019 - 2023 ($ million)