Industrial Lighting Market Analysis

Global Industrial Lighting Market Overview:

Industrial Lighting Market Size was valued at USD 9.1 billion in 2023. The industrial lighting market industry is projected to grow from USD 9.7 Billion in 2024 to USD 16.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). More advantages over other lighting options and an added margin of safety in industrial settings are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Lighting Market Trends

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  More advantages over other lighting options are driving the market growth

  
  

Longevity, energy efficiency, low operational/maintenance costs, and the capacity to provide an increasingly shorter return on investment (ROI) are all characteristics of LEDs that may ultimately drive demand for them in the industrial lighting market. Additionally, LEDs don't emit harmful ultraviolet or infrared radiation, which has several advantages, including reduced cooling costs, easier maintenance, longer product life, and added safety in industrial settings.

LEDs are much more resilient, have no moving parts, and can withstand shock and corrosion better. Their resistance to spark ignition is a further benefit. Due to their unique characteristics, LEDs are ideal for applications in the mining industry that are frequently exposed to strong vibrations, debris, chemicals, and explosive solutions. For instance, the EMEA and APAC markets saw the ProSite LED floodlight range launched by Dialight Group in August 2021, a provider of industrial LED lighting solutions. The new floodlights were created specifically for industrial applications to ensure the safety and security of many facilities, including mine sites. They offer superior visibility to the outdoor worksite with clear, near-daylight illumination.

For lighting, many warehouses employ metal halide or linear fluorescent lamps. Even though metal halides and fluorescents are an improvement over incandescent bulbs, they still have drawbacks when compared to LEDs, including disposal risks, a shorter lifespan, and less effective light. As a result, these warehouses are now using LED lighting.

To address the maintenance issues brought on by using incandescent lamps, governments and public organizations worldwide are increasingly implementing these LED Lighting networks. The nearby reactive gases make combining these bulbs with high-pressure sodium simple. In addition to providing a higher luminosity and efficiency than traditional lighting sources, LEDs also offer operational solutions for preventing corrosion and vapor resistance. Longevity, energy efficiency, low operational/maintenance costs, and the capacity to deliver an ever-shorter return on investment (ROI) are characteristics of LEDs that may ultimately fuel demand for them in the industrial lighting market. Additionally, since LEDs don't emit harmful ultraviolet or infrared radiation, they have several advantages over other lighting options, including lower cooling expenses, simpler maintenance, longer product lives, and an added margin of safety in industrial settings.

LEDs are much more resilient, have no moving parts, and can withstand shock and corrosion better. Their inability to ignite with a spark is an added benefit. With these characteristics, LEDs are ideal for mining industry applications that frequently involve strong vibrations, debris, chemicals, and explosive substances. Thus, driving the industrial lighting market revenue.

Industrial Lighting Market Segment Insights:

Industrial Lighting Light Source Type Insights

Based on light source type, the Industrial Lighting Market segmentation includes LED, fluorescent, high-intensity discharge, and incandescent. The LED segment dominated the market, accounting for the maximum market. LEDs are much more resilient, have no moving parts, and can withstand shock and corrosion better. Their inability to ignite with a spark is an added benefit. With these characteristics, LEDs are ideal for mining industry applications that frequently involve strong vibrations, debris, chemicals, and explosive substances.

Figure 1: Industrial Lighting Market, by Light Source Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Lighting Products Insights

The Industrial Lighting Market segmentation, based on products, includes industrial wall lights, vintage industrial lighting, industrial look lighting, industrial hanging light, task lighting, and accent lighting. The industrial wall lights category generated the most income. Industrial wall lights can be used for both practical and decorative purposes. They are frequently used to provide adequate lighting for work areas in commercial and industrial settings. Industrial wall lights can also be used in homes to give a space a dash of urban flair and retro style. Swing arm, ceramic, and cage wall sconces are available styles. Industrial wall lights can draw attention to artwork or architectural details or provide task lighting for reading or working.

Industrial Lighting Applications Insights

Based on applications, the Industrial Lighting Market segmentation includes hotels & restaurants, factory & production lines, hazardous locations, parking areas, outer premises, warehouses and others. The warehouse segment dominated the market, accounting for the maximum market as many warehouses employ metal halide or linear fluorescent lamps. Even though metal halides and fluorescents are an improvement over incandescent bulbs, they still have drawbacks when compared to LEDs, including disposal risks, a shorter lifespan, and less effective light. As a result, these warehouses are now using LED lighting.

Industrial Lighting Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American weight loss market will dominate this market. The development of various industrial lightings products, such as accent lighting, task lighting spotlights, and hanging fixtures, is supported by significant investments made by manufacturers. As a result of its benefits, including energy efficiency and a contribution to lowering greenhouse gas emissions, LED lighting is in high demand throughout many North American nations. Additionally, the emergence of high-quality industrial lighting that can increase traffic safety, the city’s allure and contribute to the region's economic strength increases market shares in the area.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Industrial Lighting Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s industrial lighting market accounts for the second-largest market share. The EU market has seen a quick uptake of LED modules. The European Union's policy measures prohibiting the sale of inefficient lighting technologies have significantly driven the demand for LED products in the area. For instance, as new Ecodesign and labeling regulations entered into force throughout the European Union, certain fluorescent and halogen light bulbs will no longer be sold after September 2021.

The first Philips LED A-class bulbs that adhere to the stringent EU Ecodesign and Energy Labeling Regulations were released by Signify in August 2021. Compared to standard Philips LED bulbs, the New Philips LED A-class bulbs are anticipated to use 60% less energy and last longer. Further, the German industrial lighting market held the largest market share, and the UK industrial lighting market was the fastest-growing market in the European region.

The Asia-Pacific Industrial Lighting Market is expected to grow at the fastest CAGR from 2024 to 2032. Due to escalating industrialization, quick modernization, and growing awareness of the advantages of LED lights. Because of the area's quick industrialization. Along with smart city initiatives, expanding infrastructure development activities also promote regional market expansion. The industrial lighting market is particularly strong in nations like China, Japan, and India. Moreover, China’s industrial lighting market held the largest market share, and the Indian industrial lighting market was the fastest-growing market in the Asia-Pacific region.

For instance, Americans are actively pursuing a physically active lifestyle and are becoming more health concerned. The expansion and growth of the industry have been aided by an increase in the number of health clubs and fitness facilities across the nation.

Industrial Lighting Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the industrial lighting market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The industrial lighting industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global industrial lighting industry to benefit clients and increase the market sector. The industrial lighting industry has offered some of the most significant medical advantages in recent years. Major players in the industrial lighting market, including Emerson Electric (US), Osram Licht AG (Germany), Legrand (France), Zumtobel Group (Austria), Acuity Brands Lighting Inc. (US), General Electric (US), TOYODA GOSEI Co. Ltd (Japan), Hubbell Lighting Inc. (the US), Cree Inc. (US), Philips Lighting Holding B.V. (Netherlands) and others, are attempting to increase market demand by investing in research and development operations.

Emerson Electric (US), With the help of our two main business platforms at Emerson, Automation Solutions and Commercial and Residential Solutions, we can recognize and meet the challenges of a market that is becoming more complex and unpredictable from a position of strength, generating both short- and long-term value as a reliable partner for our clients. Industry leaders are looking to Emerson as a reliable partner that innovates constantly to help them meet the next big challenge. Our Automation Solutions platform enables us to collaborate with our automation businesses to develop more comprehensive solutions for customers based on our deep industry experience. We can also further leverage our global presence, domain knowledge, and industrial software to support industries in achieving important operational and sustainability goals. The biggest problems facing modern life are overcome with the aid of our customers in the most vital industries on earth.

Legrand (US), We make lives better by transforming the areas where people gather, work, and live. To do this, we use simple, creative, and sustainable electrical and digital infrastructures and connected solutions. We achieve this by tenaciously pursuing sustainable business practices and developing exceptional experiences through the products we design and manufacture, the relationships we forge, and the way we work. Electrical and digital building infrastructures are Legrand's areas of expertise worldwide. With more than 6,700 employees and a range of products for both residential and non-residential business markets, our division in North and Central America is Legrand's largest globally.

Key Companies in the industrial lighting market include

• Emerson Electric (US)


• Osram Licht AG (Germany)


• Legrand (France)


• Zumtobel Group (Austria)


• Acuity Brands Lighting Inc. (US)


• General Electric (US)


• TOYODA GOSEI Co. Ltd (Japan)


• Hubbell Lighting Inc. (the US)


• Cree Inc. (the US)


• Philips Lighting Holding B.V. (Netherlands)