Demand for industrial lighting has witnessed substantial growth in the last decade, and this trend is projected to continue at a rapid pace over the coming years as well, owing to increasing use at warehouses and for logistics, industrial establishments, etc., across the globe. Moreover, industrial lighting usage has grown not just in terms of application in these broad fields of end use but also due to technological advancements in them. Over the years, as industrial automation in various sectors has gained momentum, coupled with labor shortage and the need to reduce labor costs, more industry owners are relying on smart industrial lighting as an investment with long-term financial gains in mind.
According to this latest study, The Global
Industrial Lighting Market was previously valued at USD 6175.6 Million in year
2020, and it is anticipated to expand to be worth USD 8168.2 Million by year
2027, registering a CAGR of 5.3% during the period of 2021-2027.
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Report:
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Important insights
revealed in this Industrial Lighting Market report will enhance the financial
progression of the global market through which generating huge revenues is
possible for business players. Along with covering regional analysis, it also
attempts to shed light on competitive assessment for the forecast timespan
2022-2028. Moreover, it flashes light on some efficient sources to apply in the
business for accomplishing effective results and huge revenues. This Industrial
Lighting Market research report equally focuses on some of the most vital ways
to deal with risks involved in the business. It further captures market
challenges, market dynamics including drivers and restraints, and pricing
structure. By knowing this information, it becomes easy for market players to
ease the business processes and lead the business toward a successful path.
Industrial Lighting Market - Size,
Competitive Landscape, and Segmentation Analysis:
Industrial Lighting
Market Reports provide a high-level overview of market segments by product
type, applications, leading key players, and regions, as well as market
statistics. The research insights focus on the impact of the Covid-19 epidemic
on performance and offer a thorough examination of the current market and
market dynamics. This crucial understanding of the report's objective can help
you make better strategic decisions about investment markets by assessing
elements that may affect current and future market circumstances. The leading
key players in the Global and Regional market are summarized in research to
understand their future strategies for growth in the market.
Segmentation of Industrial Lighting Market:
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By
Ingredient Type, Industrial Lighting have been segmented into:
High/Low Bay
Lighting, Flood/Area Lighting
By End User, Industrial Lighting has been
segmented into:
Oil and Gas, Mining,
Pharmaceutical, Manufacturing, Warehouse, Other End-user Applications
Market Segment by Regions and Countries Level
Analysis:
·
North America (U.S., Canada, Mexico, Rest of U.S)
· Europe (Germany, U.K., France, Italy,
Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast
Asia, Rest of APAC)
· Middle East & Africa (GCC
Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest
of South America)
Covid-19 Impact and Recovery Analysis on
Industry:
We've kept track of
Covid-19's direct impact on this market as well as its indirect impact on other
industries. During the analysis period, the impact of the Covid-19 pandemic on
the market is predicted to be significant. From a worldwide and regional viewpoint,
this report examines the influence of the pandemic on the Industrial Lighting industry.
The study categorizes the Industrial Lighting industry by type, application,
and consumer sector to determine market size, market features, and market
growth. It also includes a thorough examination of the factors that influenced
market development before and after the Covid-19 pandemic. In addition, the
research did a pest analysis in the sector to investigate major influencers and
entrance obstacles.
Scope
of the Report
|
Report Metric |
Details |
|
Market
size available for years |
2016–2021 |
|
Base
year considered |
2021 |
|
Forecast
period |
2022–2028 |
|
Forecast
units |
Billion
(USD) |
|
Segments
covered |
Type, Application, and Region |
|
Geographies
covered |
North
America, APAC, Europe, MEA, and Latin America |
|
Companies
covered |
Siemens, GE Lighting, Signify (formerly
Philips Lighting),USHIO America Inc., Crompton Greaves Ltd. ,Acuity Brands
Lighting Inc.,Litetronics InternationalInc.,Havells India Ltd, and OSRAM
Gmbh, among others |
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