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Report
Industrial Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 141 Pages I IMARC Group
Market Overview:
The global industrial lighting market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.95% during 2023-2028.
Industrial lightings refer to lighting systems typically found in the manufacturing environment for providing ample illumination to spot or identify hazards. They are commercially available in varying types, such as light-emitting diode (LED), high-intensity discharge (HID) and halogen lighting. These lightings are flexible, heat-resistant, inhibit ultraviolet (UV) radiation, and they have the ability to withstand frequent switching, while consuming minimal energy as they are energy-efficient. On account of these properties, these lighting solutions find its extensive application in automotive, oil and gas, and pharmaceuticals industries.
Industrial Lighting Market Trends:
The significant expansion across various industrial sectors, along with the rising need for energy-efficient lighting solutions, represents one of the prime factors driving the industrial lighting market growth. In line with this, the favorable initiatives undertaken by the government bodies for various countries for the implementation of light-emitting diode (LED) industrial lighting in the commercial sector due to the increasing consciousness amongst the consumer regarding its various beneficial properties is acting as another growth-inducing factor. Moreover, the introduction of new light illuminating solutions, such as fluorescent and high-intensity discharge (HID), for promoting longevity, optimizing energy efficiency and maintaining costs by delivering a shorter return on investments (ROI) is contributing to the market growth. The rapid technological advancements and the integration of the Internet of Things (IoT), remote-controlled and Wi-Fi controlled lighting solutions are further providing an impetus to the market growth. Additionally, the extensive utilization of industrial lighting in the warehouses, cold storage, production lines, and parking areas to ensure safety and security is positively stimulating the market growth. Other factors, such as the escalating trend of smart industrial spaces, along with strategic collaborations between top players for launching advanced industrial lighting solutions, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, light source, offering, type and application.
Breakup by Product Type:
High/Low Bay Lighting
Flood/Area Lighting
Breakup by Light Source:
LED
High-Intensity Discharge (HID) Lighting
Fluorescent Lighting
Breakup by Offering:
Lamps & Luminaries
Control Systems
Services
Breakup by Type:
New Installation
Replacement Installation
Retrofit Installation
Breakup by Application:
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Inc., Bajaj Electricals Ltd. (Bajaj Group), Dialight plc, Eaton Corporation PLC, Elba SA, Emerson Electric Co., GE Current a Daintree Company, LSI Industries Inc., OSRAM Opto Semiconductors GmbH (OSRAM GmbH), Panasonic Corporation, Wipro Lighting and Zumtobel Group.
Key Questions Answered in This Report:
How has the global industrial lighting market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial lighting market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the light source?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global industrial lighting market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Lighting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 High/Low Bay Lighting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Flood/Area Lighting
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Light Source
7.1 LED
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 High-Intensity Discharge (HID) Lighting
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fluorescent Lighting
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Offering
8.1 Lamps & Luminaries
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Control Systems
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Services
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Type
9.1 New Installation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Replacement Installation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Retrofit Installation
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Application
10.1 Warehouse & Cold Storage
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Factory & Production Lines
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Outer Premises
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Parking Areas
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Hazardous Locations
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Acuity Brands Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Bajaj Electricals Ltd. (Bajaj Group)
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Dialight plc
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Eaton Corporation PLC
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Elba SA
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Emerson Electric Co.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 GE Current, a Daintree Company
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 LSI Industries Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 OSRAM Opto Semiconductors GmbH (OSRAM GmbH)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 SWOT Analysis
16.3.10 Panasonic Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Wipro Lighting
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Zumtobel Group
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
Figure 1: Global: Industrial Lighting Market: Major Drivers and Challenges
Figure 2: Global: Industrial Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Industrial Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Industrial Lighting Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Industrial Lighting Market: Breakup by Light Source (in %), 2022
Figure 6: Global: Industrial Lighting Market: Breakup by Offering (in %), 2022
Figure 7: Global: Industrial Lighting Market: Breakup by Type (in %), 2022
Figure 8: Global: Industrial Lighting Market: Breakup by Application (in %), 2022
Figure 9: Global: Industrial Lighting Market: Breakup by Region (in %), 2022
Figure 10: Global: Industrial Lighting (High/Low Bay Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Industrial Lighting (High/Low Bay Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Industrial Lighting (Flood/Area Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Industrial Lighting (Flood/Area Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Industrial Lighting (LED) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Industrial Lighting (LED) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Industrial Lighting (High-Intensity Discharge (HID) Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Industrial Lighting (High-Intensity Discharge (HID) Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Industrial Lighting (Fluorescent Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Industrial Lighting (Fluorescent Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Industrial Lighting (Lamps & Luminaries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Industrial Lighting (Lamps & Luminaries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Industrial Lighting (Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Industrial Lighting (Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Industrial Lighting (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Industrial Lighting (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Industrial Lighting (New Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Industrial Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Industrial Lighting (Replacement Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Industrial Lighting (Replacement Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Industrial Lighting (Retrofit Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Industrial Lighting (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Industrial Lighting (Warehouse & Cold Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Industrial Lighting (Warehouse & Cold Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Industrial Lighting (Factory & Production Lines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Industrial Lighting (Factory & Production Lines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Industrial Lighting (Outer Premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Industrial Lighting (Outer Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Industrial Lighting (Parking Areas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Industrial Lighting (Parking Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Industrial Lighting (Hazardous Locations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Industrial Lighting (Hazardous Locations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Industrial Lighting (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Industrial Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Industrial Lighting Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Industrial Lighting Industry: SWOT Analysis
Figure 94: Global: Industrial Lighting Industry: Value Chain Analysis
Figure 95: Global: Industrial Lighting Industry: Porter's Five Forces Analysis
Table 1: Global: Industrial Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Industrial Lighting Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Industrial Lighting Market Forecast: Breakup by Light Source (in Million US$), 2023-2028
Table 4: Global: Industrial Lighting Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 5: Global: Industrial Lighting Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 6: Global: Industrial Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Industrial Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Industrial Lighting Market: Competitive Structure
Table 9: Global: Industrial Lighting Market: Key Players
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