Industrial Lighting Market growth at a CAGR of 7.2% in the forecast period of 2019 to 2026

Market Analysis: Global Industrial Lighting Market

Industrial lighting market

Market Definition: Global Industrial Lighting Market

The industrial lighting industry is divided into various light sources such as LED lighting, high-intensity discharge lighting (HID), fluorescent lighting, which is used in oil and gas, mining, pharmaceutical, production, warehouse. These lights are designed for long lasting as compare to conventional lighting, which equates to fewer replacements over time. Different industries have various lighting specification varies from specialized task lighting to varied lighting levels

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Market Drivers:

Government initiatives regarding adoption of LED is driving the market growth

Increasing requirement for cost-effective and energy-saving LED lighting is a driver for this market growth

Growing infrastructure development and modernization is driving the growth of the market

Features such as durability, less consumption of energy by LED lights is fueling the growth of this market


Market Restraints:

High cost is required at the initial level and complex implementation hinders the growth of this market

Dearth of standardization regarding industrial lightning industries is restraining the market growth


Segmentation: Global Industrial Lighting Market

By Light Source

LED Lighting

High Intensity Discharge (HID) Lighting

Fluorescent Lighting

Others


By Offering

Lamps & Luminaires

Control Systems

Services

Pre-Installation

Post-Installation




By Installation Type

New Installation

Replacement Installation

Retrofit Installation


By Product

Industrial Linear Lighting

Spot Lighting

Flood Lighting/Area Lighting

High Bay Lighting


By Application

Warehouse & Cold Storage

Factory & Production Lines

Outer Premises

Parking Areas

Hazardous Locations

Others


Geography

North America

U.S.

Canada

Mexico


South America

Brazil

Argentina

Rest of South America


Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe


Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific


Middle East and Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa



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Key Developments in the Market

In July 2019, Delmarva Power collaborated with The City of Wilmington for the installation of smart LED lighting system on Canada and U.S. City Airport. There has been a technological upgrade to the LED fixtures in the airport parking lots as the fresh LED pole lights are provided with dimming sensors. The new lighting system will enable Ontario Airport to further save power consumption during periods of low traffic while maintaining a minimum amount of lighting needed for their security cameras

In October 2018, Cree expanded its industrial lighting portfolio by introducing new Linear High-Bay Luminaires. The LXB series consisting of good performance such as increased efficacy, reliability and expanded service life, making it an optimal solution for high ceilings, high ambient temperatures and elevated-profile rooms


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Competitive Analysis

Global industrial lighting market

Major Market Players

Few of the major competitors currently working in global industrial lighting market are Emerson Electric Co., Signify Holding., GENERAL ELECTRIC COMPANY, Schneider Electric, ACUITY BRANDS LIGHTING, INC., Hubbell, Legrand., Ushio America, Inc., Litetronics International, Inc., Cree Lighting., LG INNOTEK., Leviton Manufacturing Co., Inc., Zumtobel Group AG, Eaton, Dialight., Advanced Lighting Technologies, LLC, AIXTRON, OSRAM SYLVANIA Inc, TOYODA GOSEI Co., Ltd., Digital Lumens, Inc. and others.

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