What is the current market size and future outlook for the industrial and commercial led lighting market?
The industrial and commercial led lighting market size has grown exponentially in recent years. It will grow from $64.36 billion in 2024 to $77.98 billion in 2025 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to energy efficiency and sustainability initiatives, government regulations and incentives, cost reductions in led manufacturing, long lifespan and low maintenance costs, rising awareness of lighting quality.
The industrial and commercial led lighting market size is expected to see exponential growth in the next few years. It will grow to $165.32 billion in 2029 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to increasing focus on smart cities, IoT integration in lighting systems, human-centric lighting trends, retrofitting traditional lighting systems, demand for customization and design flexibility. Major trends in the forecast period include technological advancements in LED lighting, rapid adoption of smart lighting systems, transition to human-centric lighting, advanced lighting controls, li-fi integration.
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What are the key drivers behind the rapid expansion of the industrial and commercial led lighting market?
The increasing construction of new structures and remodeling of existing buildings are significantly driving the growth of the industrial and commercial LED lighting market. New constructions are increasing due to various reasons such as economic development, housing needs, industrial developments, and others. Remodeling of existing buildings is increasing due to replacement and safety needs as well as to improve upon existing ones. The construction of new structures and remodeling of existing buildings require new materials and products to be used in the structures including LED lighting. This will result in a significant demand for LED lighting in industrial and commercial structures. For instance, according to the new residential construction statistics by the US Census Bureau, and the US Department of Housing and Urban Development, in February 2022, privately-owned housing starts touched 1,769,000, which is 6.8% over the revised estimate of 1,657,000 in January. There was an increase of 22.3% in February 2022 compared to 1,447,000 housing starts in February 2021. Hence, the increasing construction of new structures and remodeling of existing buildings is expected to propel the growth of the industrial and commercial LED lighting market.
What is the segmentation for the industrial and commercial led lighting market?
The industrial and commercial LED lighting market covered in this report is segmented –
1) By Product Type: LED Lamps, LED Fixtures
2) By Installation: New Installation, Retrofit
3) By Distribution: Direct Sales, Online Stores, Specialty Stores, Other Distribution Channels
4) By Application: Retail, Manufacturing, Hospitality, Warehouses And Storage, Office Buildings, Other Applications
Subsegments:
1) By LED Lamps: A-Type LED Lamps, Flood LED Lamps, Tube LED Lamps, Specialty LED Lamps
2) By LED Fixtures: Panel LED Fixtures, High Bay LED Fixtures, Downlight LED Fixtures, Street LED Fixtures, Wall-Mounted LED Fixtures
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Who are the most influential companies in the industrial and commercial led lighting market?
Major companies operating in the industrial and commercial LED lighting market include Samsung Electronics Co. Ltd., General Electric Company, Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Koninklijke Philips NV, Emerson Electric Co., Wipro Ltd., Legrand S.A., Signify N.V., Osram Licht AG, Hubbell Incorporated, ams-OSRAM AG, Acuity Brands Inc., Stanley Electric Co. Ltd., Havells Ltd., Leviton Manufacturing Company Inc., Zumtobel Group, IDEAL INDUSTRIES INC., Lutron Electronics, The Jaquar Group, Syska Hennessy Group, Dialight plc, Digital Lumens Inc., Deco Lighting Inc., Litetronics International Inc., Current Lighting Solutions LLC
What are the most influential trends expected to drive the industrial and commercial led lighting market forward?
Major companies in the industrial and commercial LED lighting market are introducing advanced products, including smart lighting systems, to enhance energy efficiency and user control. Smart lighting refers to lighting systems that can be remotely controlled and automated, often integrated with IoT technology to adjust brightness, color, and schedules based on user preferences or environmental conditions. For instance, in May 2023, URC (Universal Remote Control), a US based company, specializes in smart home automation and control systems launched URC Lighting LT-3300. URC Lighting LT-3300 is an LED lighting solution with smart lighting that allows the installer to select either a dimmer or switch configuration and easily program to create unique atmospheres for entertaining or quiet family events. The auto load detection feature simplifies installation by eliminating the need to configure neutral or non-neutral wiring setups, making it versatile for various electrical environments. The device includes a trailing-edge, colorful LED bar that provides visual feedback for notifications and programmed triggers, enhancing user interaction.
What are the major regional insights for the industrial and commercial led lighting market, and which region holds the top position?
The countries covered in the industrial and commercial LED lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Industrial And Commercial LED Lighting Market Report 2025 Offer?
The industrial and commercial led lighting market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The industrial and commercial LED lighting refer to LED lighting products used in factories, industries, and other commercial spaces. Industrial and commercial LED lighting offers high-quality lighting solutions that are needed for industrial and commercial. Certain industrial LED lighting bulbs offer four to forty times the life of traditional lighting solutions, resulting in significant cost savings.
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