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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:
Market Restraints:
Segmentation: Global Industrial Lighting Market
By Light Source
By Offering
By Installation Type
By Product
By Application
Geography
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Key Developments in the Market
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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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