Industrial Lighting Market Growth At A Cagr Of 7.2% In The Forecast Period Of 2019 To 2026

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Market Analysis: Global Industrial Lighting Market
Industrial lighting market is to register a substantial CAGR of 7.2% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to high demand of cost-effective and energy-saving LED lighting and government initiatives towards LED adoption.
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
o LED Lighting
o High Intensity Discharge (HID) Lighting
o Fluorescent Lighting
o Others
By Offering
o Lamps & Luminaires
o Control Systems
o Services
o Pre-Installation
o Post-Installation
By Installation Type
o New Installation
o Replacement Installation
o Retrofit Installation
By Product
o Industrial Linear Lighting
o Spot Lighting
o Flood Lighting/Area Lighting
o High Bay Lighting
By Application
o Warehouse & Cold Storage
o Factory & Production Lines
o Outer Premises
o Parking Areas
o Hazardous Locations
o Others
Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o 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 is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial lighting market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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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