industrial and Commercial LED Lighting Market by Product, Application, and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

March 2022
225 pages
ID: 6269782
Format: PDF
Allied Market Research

Summary

Table of Contents

industrial and Commercial LED Lighting Market by Product (LED Lamps and LED Fixture), Application (Indoor Lightning and Outdoor Lightning), and End User (Industrial and Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2030

The global industrial and commercial LED lighting market size was valued at $29.90 billion in 2020, and is projected to reach $172.95 billion by 2030, growing at a CAGR of 18.1% from 2021 to 2030. The light generated by an incandescent light bulb filament is a result of the electrical energy getting converted into heat energy, which is then converted into light energy. A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement of incandescent light sources.
Factors such as increase in demand for cost-effective and energy-saving LED lighting, government campaign towards LED adoption to curb cost and pollution, and increase in need for replacing traditional lighting are expected to fuel growth of the industrial and commercial LED lighting market. However, voltage sensitivity and temperature dependency are expected to hinder the market growth. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the market globally.
The global industrial and commercial LED lighting market size is segmented on the basis of product, application, end user, and region. By product, the market is categorized into LED lamps and LED fixtures. The applications covered in this report include indoor lighting and outdoor lighting. The end users discussed in this study are industrial and commercial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Wolfspeed, Inc., Deco Lighting, Inc., Dialight PLC, Eaton Corporation, General Electric Company, Koninklijke Philips N.V., Osram Licht AG, Syska, Toshiba Corporation (Toshiba TEC Corporation), and Zumtobel Group.

Key Market Segments

By Product Type
• LED Lamps
• LED Fixtures

By Application
• Indoor Lighting
• Outdoor Lighting

By End User
• Industrial
• Commercial

By Region
• North America
o U.S.
o Mexico
o Canada
• Europe
o UK
o Germany
o France
o Russia
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Key Market Players
• Wolfspeed, Inc.
• Deco Lighting, Inc.
• Dialight PLC.
• Eaton Corporation
• General Electric Company
• Koninklijke Philips N.V.
• Osram Licht AG
• Syska
• Toshiba Corporation (Toshiba TEC Corporation)
• Zumtobel Group

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