Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Industrial Lighting Market Estimates the market to expand at around 6.6% CAGR from 2021 to 2031

The Spirulina Extract Market’S Growth Is To Be Defined By Innovation Continuously



Rising global warming has forced governments and international organizations to come up with numerous regulations off late, including regulating the use of industrial lights. This has led to increased use of advanced energy-efficient lighting such as LEDs.

LED luminaires can lead to around 50% energy cost savings as compared to HID lamps, and 30-40% as compared to fluorescent lights, due to which, industries are switching over to LED lighting in a big way. Increase in LED lighting demand will defiantly provide a boost to the requirement of industrial lighting.


Demand for industrial lighting witnessed a dip in 2020 due to the economic crisis caused by the COVID-19 pandemic. However, the pandemic later led to customer inclination toward online retail, and hence, demand for storage facilities from the e-Commerce industry saw an increase. This has surged the demand for industrial lighting as well.

The global industrial lighting market is projected to reach a valuation of around US$ 17 Bn by 2031, expanding at a CAGR of close to 7% throughout the forecast period.

Key Takeaways from Market Study

  • To encourage the use of LED lighting, government organizations are starting incentive-based schemes.
  • Labor cost reduction, cost-cutting technology, and energy savings are the reason companies are employing industry 4.0. Smart and connected industrial lighting will play a vital role in implementing and automating facilities.
  • Leading players are focusing on development of technologically advanced lighting solutions with the implementation smart automation and IoT. These activities are expected to create high growth opportunities for industrial lighting manufacturers.
  • Increasing number of small- and medium-sized regional manufacturers is expected to have a significant contribution to market growth over the years to come.
  • In the present scenario, fluorescent lighting has a leading share in the market. However, LED lighting is expected to witness the highest growth rate and reach a dominant share in the market by the end of the forecast period.
  • North America and Europe are expected to have leading market shares in the global market, owing to the presence of large industrial bases in the developed countries across these regions. However, the market in East Asia is expected to witness the highest growth rate on the back of rapid industrialization in countries from the region, including China and Japan.




“Increasing prominence of smart and connected industrial lighting and high demand for storage facilities from the online retail market are key factors driving demand,” says a Persistence Market Research analyst.

Competitive Landscape

The market is moderately consolidated, with key players accounting for nearly half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are Emerson Electric Co, Signify Holding, OSRAM GmbH, GE Current, Panasonic Corporation, Hubbell Incorporated, and ACUITY BRANDS LIGHTING.

Find More Valuable Insights

The research report analyzes demand for industrial lighting. The market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Persistence Market Research’s research scope, the market has been analyzed on the basis of type, application, installation, end user, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Read More Trending “PMR Exclusive Article”-—persistence-market-research-301282960.html

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –


Continue Reading