Industrial and Commercial LED Lighting Market Size, Share, Trend & Growth Forecast to 2026

According to the new market research "Industrial and Commercial LED Lighting Market, [By Installation (New Installation, Retrofit); By Application (Indoor Lighting, Outdoor Lighting); By End-User (Industrial, Commercial, Others); By Region]: Market Size & Forecast, 2018 – 2026", The Industrial and Commercial LED Lighting market is expected to reach USD 296 billion by 2026 from USD 47.2 billion in 2017, at a CAGR of 22.7%.

In the industrial and commercial sector, LED lights are used in walkway and outdoor lighting, parking and garage lighting, street lighting, modular lighting, and task lighting. These lights are energy efficient, durable, and longer lasting as compared to other lighting systems. LEDs emit light in a specific direction, and offer very little heat as compared to incandescent bulbs, increasing their demand in the global Industrial and Commercial LED Lighting market.

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Top key Player:-

Philips Lighting Holding B.V. (Netherlands)

Hubbell Lighting, Inc. (US)

Emerson (US)

Legrand (France)

Acuity Brands Lighting, Inc. (US)

TOYODA GOSEI Co. Ltd (Japan)

Cree, Inc. (US)

General Electric (US)

Osram Licht AG (Germany)

Zumtobel Group (Austria).

The demand for Industrial and Commercial LED Lighting has increased over the years owing to rising construction of new structures, and renovation of existing structures. Consumers are increasingly adopting LED lighting systems owing to their higher energy efficiency. The increasing investment by governments in development of infrastructure and introduction of stringent regulations regarding energy consumption support the market growth. Other factors supporting the Industrial and Commercial LED Lighting market growth include rising demand from emerging economies, increasing consumer awareness, and technological advancements.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Industrial and Commercial LED Lighting Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. The Asia-Pacific Industrial and Commercial LED Lighting market generated the highest revenue in 2017 owing to the growing construction sector and development of efficient infrastructure in the region. The increasing awareness regarding adoption of energy efficient lighting solutions supports the market growth in the region. The growing government investment in development of infrastructure in the region further boosts the market growth.

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Competitive Landscape

The global Industrial and Commercial LED Lighting market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater to the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.