Market Overview:
The global industrial lighting equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lighting, and rising investments in industrial infrastructure across the globe. The global industrial lighting equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting and Others. On account of application, it is classified into Warehouse & Cold Storage Facilities; Factory & Production Lines; Outer Premises such as Parking Areas; Hazardous Locations such as Petrochemical Plants or Mines; and Others including Sports Venues or Airports. Regionally speaking North America dominates with highest share in terms of revenue contribution followed by Europe Asia Pacific respectively while MEA accounts for lowest share in overall revenue generated by Industrial Lighting Equipment Market .
Product Definition:
Industrial lighting equipment is used to provide light in industrial or commercial settings. It is typically used in areas where there is a lot of activity, such as factories, warehouses, and office buildings. Industrial lighting equipment can be either fluorescent or LED fixtures. Fluorescent fixtures are more common than LED fixtures, but LED fixtures are becoming more popular because they are more energy-efficient.
LED Lighting:
LED lighting is a new-age technology that has replaced the traditional light sources such as incandescent, compact fluorescent lamp (CFL), and high-intensity discharge (HID) bulbs. LED lights are energy efficient; they consume 80% less power than the conventional lights. The initial cost of LEDs is higher than their counterparts but with time this becomes negligible owing to their low maintenance costs and durability.
High Intensity Discharge (HID) Lighting:
High Intensity Discharge (HID) lighting and it's usage in industrial lighting equipment market is a self-contained, electrically powered source of light that produces a broad, even beam. The light is produced by an arc discharge between two electrodes. One electrode is placed inside the metal housing while the other electrode extends above the head to provide electrical power to start an electric arc.
Application Insights:
The global industrial lighting equipment market has been bifurcated into two segments, namely the warehouse and cold storage and the outer premises. The warehouse and cold storage segment dominated the overall industry in terms of revenue in 2017. It is estimated to continue its dominance over the forecast period as well owing to increasing demand for efficient lighting solutions that can help illuminate large areas with less energy consumption.
The application of fluorescent, HID, LED or OLED lights can be altered according to specific requirements of a particular industry vertical thus enabling manufacturers to design customized products for specific applications within an industry vertical. For instance, while fluorescent lights are commonly used throughout warehouses & cold storage facilities across various applications such as inventory tracking & control, safety compliance (OSHA), material handling (MIH) etc., it is LEDs that have gained prominence due to their ability provide high brightness illumination at a lower cost than fluorescents or HID lighting systems.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing adoption of industrial lighting equipment on account of rising manufacturing activities across several industries, including automotive, construction, electrical & electronics and others. Moreover, increasing investments in infrastructure development by various governments are likely to drive demand for high-efficient HID lighting systems across construction sites in countries such as China and India.
The growth of the Asia Pacific region can also be attributed to rapidly expanding end-use industries such as food & beverage processing facilities along with warehousing operations that require advanced light sources for effective management of inventory items at different locations within a warehouse or between warehouses. Furthermore, rising concerns regarding workplace safety coupled with stringent government regulations pertaining to employee health & safety standards are anticipated to fuel product demand over the next eight years.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Proliferation of smart cities and the Internet of Things (IoT)
- Growing demand from emerging markets
- Technological advancements in industrial lighting equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Lighting Equipment Market Research Report
By Type
LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting, Others
By Application
Warehouse & Cold Storage, Factory & Production Lines, Outer Premises, Parking Areas, Hazardous Locations, Others
By Companies
Philips (Netherlands), Hubbell Lighting, Inc. (US), Emerson (US), Legrand (France), Acuity Brands Lighting, Inc. (US), Toyoda Gosei Co., Ltd. (Japan), Cree, Inc. (US), General Electric (US), Osram Licht AG (Germany), Zumtobel Group (Austria), Philips (Netherlands), Fulham Co., Inc (US), LED Engin, Inc (US)
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Lighting Equipment Market Report Segments:
The global Industrial Lighting Equipment market is segmented on the basis of:
Types
LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting, Others
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
Warehouse & Cold Storage, Factory & Production Lines, Outer Premises, Parking Areas, Hazardous Locations, 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:
- Philips (Netherlands)
- Hubbell Lighting, Inc. (US)
- Emerson (US)
- Legrand (France)
- Acuity Brands Lighting, Inc. (US)
- Toyoda Gosei Co., Ltd. (Japan)
- Cree, Inc. (US)
- General Electric (US)
- Osram Licht AG (Germany)
- Zumtobel Group (Austria)
- Philips (Netherlands)
- Fulham Co., Inc (US)
- LED Engin, Inc (US)
Highlights of The Industrial Lighting Equipment 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:
- LED Lighting
- High Intensity Discharge (HID) Lighting
- Fluorescent Lighting
- Others
- By Application:
- Warehouse & Cold Storage
- Factory & Production Lines
- Outer Premises
- Parking Areas
- Hazardous Locations
- 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 Lighting Equipment 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:
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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 lighting equipment is a type of lighting that is used in industrial and commercial settings. It includes fixtures, lamps, and other equipment used to produce light.
Some of the major players in the industrial lighting equipment market are Philips (Netherlands), Hubbell Lighting, Inc. (US), Emerson (US), Legrand (France), Acuity Brands Lighting, Inc. (US), Toyoda Gosei Co., Ltd. (Japan), Cree, Inc. (US), General Electric (US), Osram Licht AG (Germany), Zumtobel Group (Austria), Philips (Netherlands), Fulham Co., Inc (US), LED Engin, Inc (US).
The industrial lighting equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Lighting Equipment 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 Lighting Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Lighting Equipment 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 Lighting Equipment 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 Lighting Equipment Market Size & Forecast, 2020-2028 4.5.1 Industrial Lighting Equipment Market Size and Y-o-Y Growth 4.5.2 Industrial Lighting Equipment 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 LED Lighting
5.2.2 High Intensity Discharge (HID) Lighting
5.2.3 Fluorescent Lighting
5.2.4 Others
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 Warehouse & Cold Storage
6.2.2 Factory & Production Lines
6.2.3 Outer Premises
6.2.4 Parking Areas
6.2.5 Hazardous Locations
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Lighting Equipment 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 Lighting Equipment 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 LED Lighting
9.6.2 High Intensity Discharge (HID) Lighting
9.6.3 Fluorescent Lighting
9.6.4 Others
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 Warehouse & Cold Storage
9.10.2 Factory & Production Lines
9.10.3 Outer Premises
9.10.4 Parking Areas
9.10.5 Hazardous Locations
9.10.6 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 LED Lighting
10.6.2 High Intensity Discharge (HID) Lighting
10.6.3 Fluorescent Lighting
10.6.4 Others
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 Warehouse & Cold Storage
10.10.2 Factory & Production Lines
10.10.3 Outer Premises
10.10.4 Parking Areas
10.10.5 Hazardous Locations
10.10.6 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 LED Lighting
11.6.2 High Intensity Discharge (HID) Lighting
11.6.3 Fluorescent Lighting
11.6.4 Others
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 Warehouse & Cold Storage
11.10.2 Factory & Production Lines
11.10.3 Outer Premises
11.10.4 Parking Areas
11.10.5 Hazardous Locations
11.10.6 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 LED Lighting
12.6.2 High Intensity Discharge (HID) Lighting
12.6.3 Fluorescent Lighting
12.6.4 Others
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 Warehouse & Cold Storage
12.10.2 Factory & Production Lines
12.10.3 Outer Premises
12.10.4 Parking Areas
12.10.5 Hazardous Locations
12.10.6 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 LED Lighting
13.6.2 High Intensity Discharge (HID) Lighting
13.6.3 Fluorescent Lighting
13.6.4 Others
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 Warehouse & Cold Storage
13.10.2 Factory & Production Lines
13.10.3 Outer Premises
13.10.4 Parking Areas
13.10.5 Hazardous Locations
13.10.6 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 Lighting Equipment Market: Competitive Dashboard
14.2 Global Industrial Lighting Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips (Netherlands)
14.3.2 Hubbell Lighting, Inc. (US)
14.3.3 Emerson (US)
14.3.4 Legrand (France)
14.3.5 Acuity Brands Lighting, Inc. (US)
14.3.6 Toyoda Gosei Co., Ltd. (Japan)
14.3.7 Cree, Inc. (US)
14.3.8 General Electric (US)
14.3.9 Osram Licht AG (Germany)
14.3.10 Zumtobel Group (Austria)
14.3.11 Philips (Netherlands)
14.3.12 Fulham Co., Inc (US)
14.3.13 LED Engin, Inc (US)