Industrial and Commercial LED Lighting Market

Introduction of the Industrial and Commercial LED Lighting Market Report

A light-emitting diode (LED) is a semiconductor light source, which converts electrical energy directly into light energy. LED is often used in lamps in replacement for the incandescent light source. Some LEDs emit infrared (IR) energy and are called infrared emitting diodes. LED lights are highly cost-efficient and long-lasting. It consists of two elements of processed materials, N-type semiconductors, and P-type semiconductors, which are placed in direct contact to form a P-N junction.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors driving the growth of the global industrial and commercial LED lighting market is the various benefits offered by this type of light such as it offers higher efficiency, longer life span, and are more reliable. LED lightings have become a substitute for incandescent bulbs due to their low power consumption with high brightness levels. Governments across the globe are taking several initiatives to lower the peak power demand and overall energy consumption. Smart city schemes are getting huge prevalence in the U.S. and Europe. According to Department of Energy, the U.S. lighting accounts for about 20% of total energy consumption expenditure. These factors are augmenting the growth of the global industrial and commercial LED lighting market.

Government of developing economies are extensively investing to support the adoption of LED lighting for the conservation of energy, along with its various advantages such as better light quality, environment friendliness, responsiveness, and the ability to operate in low temperatures. The International Energy Agency has predicted that the global electricity spending on lighting can increase by 80% by 2030. Furthermore, traditional lighting consumes a massive amount of energy as compared to LEDs. LEDs are incredibly compact & small in size and have prolonged durability, which makes them highly efficient over the conventional lighting. All these factors play a crucial role in bolstering the growth of the market.

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Product Type – Segment Analysis

Based on the product type, the LED lamps segment is projected to grow at a higher CAGR during the forecast period. These lamps have the right temporal stability, energy efficiency, and robustness, which makes them different from incandescent lamps. LED lamps are often available in a wide range of designs, which include reflectors, A-lamps, MR-16 lamps, and T-lamps. These factors are responsible for supplementing the growth of the LED lamps segment in the global industrial and commercial LED lighting market.

Application – Segment Analysis

On the basis of the application, the indoor segment is expected to grow at a higher CAGR over the forecast period. The indoor segment includes offices, malls and retail stores, educational buildings, hospitals, among others. These buildings are ubiquitous in every region and have high density. High-Intensity Discharge (HID) and incandescent bulbs have high energy consumption, which has paved the way for LED lighting in commercial and industrial buildings.

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Region – Segment Analysis

Based on the region, Asia-Pacific region is anticipated to witness a faster CAGR over the forecast period. This is due to the high funding from governments for energy-efficient building lighting. For instance, in 2016, the Ministry of Power tied up with several PSUs to launch a campaign known as iLEDtheway to promote the benefits of using LEDs. The Delhi Cantonment Municipal area replaced 15000 conventional bulbs with LEDs. Moreover, the Chinese government has offered huge incentives for the replacement of traditional streetlights with LEDs to deploy standardized quality products and solutions. These factors are significantly contributing to the growth of the industrial and commercial LED lighting market in Asia-Pacific region. 

Top Market Players

Various notable players operating in the market include Deco Lighting, Inc., Cree, Inc., Eaton, Dialight, Koninklijke Philips N.V., General Electric, Syska, OSRAM GmbH, Zumtobel Group, and TOSHIBA CORPORATION, among others. 

Key Development:

• • In 2020, Dialight, the global leader in industrial and hazardous LED lighting innovation, announced to launch the new Vigilant Bulkhead, a new addition to the successful Bulkhead line. This new Bulkhead provides significant improvement to the performance of the product while maintaining all the features that have made DuroSite Bulkhead popular.
  • In 2019, Eaton announced the launch of CEAG ExLin, its latest product for industrial and hazardous areas. It is Crouse-Hinds series linear LEDs certified for zone 1 and zone 2 hazardous area environments. It provides energy-efficient, cost-saving, and reliable lighting.

Segments covered in the Report:

The global industrial and commercial LED lighting market has been segmented on the basis of product type, application, and regions. Based on product type, the market is segmented into LED lamps and LED fixture. Based on application, the market is segmented into indoor lighting and outdoor lighting. 

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Key questions answered in this research report:

• • At what pace is global industrial and commercial LED lighting market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in industrial and commercial LED lighting market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial and commercial LED lighting market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various application areas of global industrial and commercial LED lighting market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Deco Lighting, Inc., Cree, Inc., Eaton, Dialight, Koninklijke Philips N.V., General Electric, Syska, OSRAM GmbH, Zumtobel Group, TOSHIBA CORPORATION, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial and Commercial LED Lighting Market by Product Type

• • LED Lamps
  • LED Fixture

Global Industrial and Commercial LED Lighting Market by Application

• • Indoor Lighting
  • Outdoor Lighting

Global Industrial and Commercial LED Lighting Market by Region

• • North America Industrial and Commercial LED Lighting Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product Type
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Industrial and Commercial LED Lighting Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product Type
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial and Commercial LED Lighting Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial and Commercial LED Lighting Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product Type
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Industrial and Commercial LED Lighting (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Deco Lighting, Inc.
  • Cree, Inc.
  • Eaton
  • Dialight
  • Koninklijke Philips N.V.
  • General Electric
  • Syska
  • OSRAM GmbH
  • Zumtobel Group
  • TOSHIBA CORPORATION