Market Overview:
The global industrial LED task lighting market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and durable LED task lighting solutions across various industries. Additionally, the growing awareness about the benefits of LED task lighting over traditional light sources is also contributing to the market growth. Based on type, the global industrial LED task lighting market can be segmented into lamps and luminaires. The luminaire segment is expected to account for a larger share of the global market in terms of revenue due to their higher efficiency and durability as compared with lamps. Based on application, the global industrial LED task lighting market can be divided into oil & gas, mining, automotive, pharmaceuticals and others (including food & beverage processing plants, hospitals etc.).
Product Definition:
Industrial LED Task Lighting is a type of lighting that is used to illuminate specific tasks or areas. It is often used in factories, warehouses, and other industrial settings. Industrial LED Task Lighting can provide bright light that is focused on a specific area, which can improve worker productivity and safety.
Lamp:
Lamp is a device that produces light using an electric current. The modern lamps are available in different forms such as fluorescent lamps, high-intensity discharge (HID) lamps, and incandescent lights. They all have the basic principle of operation namely electricity flowing through gas or liquid which gives out light by way of reaction.
Luminaire:
Luminaire is a general term used for any lighting fixture. However, in the industrial LED task lighting market, it specifically refers to light fixtures that are used for illuminating work areas. The primary function of luminaires is to provide illumination; therefore they differ from other types of lights such as decorative or accent lights.
Application Insights:
The automotive application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of electric vehicles, which require constant monitoring for safety purposes. LED task lights have several advantages over other lighting solutions such as high durability, low power consumption, and high lumen output per unit of energy consumed. These advantages are expected to drive their demand in automotive applications globally.
The oil & gas industry requires extensive drilling operations onsite for exploration activities or offshore platforms for deepwater drilling activities that need constant monitoring during night time hours when natural sunlight cannot reach the site directly due to clouds or foggy weather conditions above ground level.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from end-use industries, such as oil & gas, mining, automotive and others. China accounts for a major share in this region due to presence of large number of manufacturing facilities operating under various stages of development across the country.
The European market is anticipated to witness significant growth over the forecast period owing to rising adoption by several prominent players operating within this sector including Siemens AG; Alstom SA; General Electric Co.; Allianz SE; Zurich Insurance Group Ltd.; BMW Group Aktiengesellschaft; Volvo AB; Fiat Chrysler Automobiles N.V., among others.
Growth Factors:
- Increasing demand from the automotive and transportation sector for LED task lighting in assembly and manufacturing plants.
- Rising demand for energy-efficient LED task lighting in commercial buildings and offices.
- Growing popularity of portable LED work lights among DIY enthusiasts and professionals alike.
- Increasing adoption of LEDs in hazardous locations such as oil refineries, chemical plants, etc., where flicker-free performance is critical safety issue.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial LED Task Lighting Market Research Report
By Type
Lamp, Luminaire
By Application
Oil & Gas, Mining, Automotive, Pharmaceutical, Others
By Companies
Banner, Acuity Brands, EDL Lighting, Dazor, Dialight, Eaton, General Electric, Koninklijke Philips, Waldmann Lighting, Banner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Industrial LED Task Lighting Market Report Segments:
The global Industrial LED Task Lighting market is segmented on the basis of:
Types
Lamp, Luminaire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Mining, Automotive, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Banner
- Acuity Brands
- EDL Lighting
- Dazor
- Dialight
- Eaton
- General Electric
- Koninklijke Philips
- Waldmann Lighting
- Banner
Highlights of The Industrial LED Task Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lamp
- Luminaire
- By Application:
- Oil & Gas
- Mining
- Automotive
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial LED Task Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial LED task lighting is a type of lighting that is designed for use in industrial and commercial settings. These lights are typically brighter than traditional light bulbs, which makes them ideal for tasks such as working on computers or reading documents. They also tend to last longer than regular light bulbs, making them more cost-effective over time.
Some of the key players operating in the industrial led task lighting market are Banner, Acuity Brands, EDL Lighting, Dazor, Dialight, Eaton, General Electric, Koninklijke Philips, Waldmann Lighting, Banner.
The industrial led task lighting market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial LED Task Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial LED Task Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial LED Task Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial LED Task Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial LED Task Lighting Market Size & Forecast, 2020-2028
4.5.1 Industrial LED Task Lighting Market Size and Y-o-Y Growth
4.5.2 Industrial LED Task Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lamp
5.2.2 Luminaire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Mining
6.2.3 Automotive
6.2.4 Pharmaceutical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial LED Task Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial LED Task Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lamp
9.6.2 Luminaire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Mining
9.10.3 Automotive
9.10.4 Pharmaceutical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lamp
10.6.2 Luminaire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Mining
10.10.3 Automotive
10.10.4 Pharmaceutical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lamp
11.6.2 Luminaire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Mining
11.10.3 Automotive
11.10.4 Pharmaceutical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lamp
12.6.2 Luminaire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Mining
12.10.3 Automotive
12.10.4 Pharmaceutical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lamp
13.6.2 Luminaire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Mining
13.10.3 Automotive
13.10.4 Pharmaceutical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial LED Task Lighting Market: Competitive Dashboard
14.2 Global Industrial LED Task Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Banner
14.3.2 Acuity Brands
14.3.3 EDL Lighting
14.3.4 Dazor
14.3.5 Dialight
14.3.6 Eaton
14.3.7 General Electric
14.3.8 Koninklijke Philips
14.3.9 Waldmann Lighting
14.3.10 Banner
