Global Industrial Lighting Industry Report 2020 - Analysis on LED, High-intensity Discharge (HID) Lighting, and Fluorescent Lighting

DUBLIN, March 27, 2020 /PRNewswire/ -- The "Industrial Lighting Market - Growth, Trends, and Forecast (2020-2025)" report has been added to's offering.

The global industrial lighting market was valued at USD 4,206.7 million in 2019, and it is expected to reach USD 5,412.26 million by 2025, recording a CAGR of 4.5%, during the forecast period, (2020-2025).

With smart manufacturing gaining prominence across regions and the increasing demand for LEDs from industrial setups, smart lighting is expected to become an important component of industrial automation over the forecast period.

The availability of a wide range of lighting products at competitive prices and the increasing demand for energy efficient lighting systems across various industrial sectors are driving the market growth. For instance, in recent years, significant price reductions in LEDs has augmented the adoption of LED lighting products across the world.

Furthermore, favorable government regulations regarding conventional lighting and energy consumption across the United States and China are anticipated to favor market growth.

However, the initial cost required to integrate or replace the lighting system into manufacturing plants and production facilities is a costly affair, especially for small and medium industries.

In order to meet certain minimum requirements like cost-effectiveness, energy optimization, better productivity, and safety of a plant, many industries pay their utmost attention to evaluate any lighting system. Hence, the growth of the market is sustained by rapid industrialization across the globe which has fueled the demand for better quality Industrial Lighting Market.

LED Light Source is Expected to Hold a Major Share

    --  LED has the feature such as longevity, energy efficiency, low
        operational / maintenance costs, and ability to deliver an increasingly
        shorter return on investment(ROI) which ultimately drive its demand in
        the industrial Lighting market.
    --  Recently, government associations and utility companies have started
        providing incentives in order to help reduce industrial energy
        consumption. For which, rebates were provided to help offset the cost of
        a facility LED conversion or retrofit to lower energy usage.
    --  Furthermore, many companies have been rolling out LED fixtures for both
        indoor and outdoor applications, retrofit applications, by which they
        are slowly expanding to hazardous environments as well.
    --  For instance, Cree Inc. in October 2018 launched LED LXB Series Linear
        High-Bay luminaires that are suitable for high ceilings, high ambient
        temperatures, and high-profile spaces. The company reported that the
        launch of LXB series is in-line with the ongoing demand for linear
        fixtures across new industrial constructions and even for fluorescent
        retrofit high-bay installations.

Asia-Pacific Witnessed to Hold a Major Share

    --  As the majority of the customers in urban areas of the Asia-pacific
        region are growing their priority, the leading online retailers are
        increasingly turning to smaller distribution centers in urban areas to
        complement the larger out-of-town centers. In South Korea, for example,
        a new government initiative known as e-Logis Town is transforming old
        truck terminals and distribution centers into high-tech hubs, providing
        significant opportunities for industrial lighting solution vendors to
        enter the market landscape.
    --  The governments in the region are promoting the usage of energy
        efficient lighting solutions, which is expected to see the adoption of
        LED lights increase significantly. China, for instance, followed a
        5-year plan of phasing-out incandescent light bulbs over 100 watts
        starting 1st October 2012 and has gradually extended the ban to those
        over 15 watts on 1st October 2016.
    --  India is set to witness investments close to INR 50,000 crore for the
        creation of warehousing facilities across the country, between 2018 and
        2020. Different categories of warehousing are expected to create around
        20,000 jobs during the three years to varying levels of specification
        and specialization.

Competitive Landscape

The industrial lighting market is highly fragmented. Overall, the competitive rivalry among existing competitors is high. Moving forward, the new innovation strategy of large and small enterprise companies are expected to drive market growth. Some of the key players in the market are General Electric Company and Emerson Electric Co. Some of the key developments in the area are:

    --  May 2019 - Legrand announced ultra-secure wireless lighting controls
        platform. The platform includes products, such as dimming room
        controller, ceiling mount PIR occupancy sensor, corner mount PIR
        occupancy sensor, digital photo sensor, dimming wall switch, and
        5-button scene switch.
    --  May 2019 - Acuity Brands revealed plans to showcase new smart home and
        other residential lighting products at LIGHTFAIR International 2019.
        Flagship smart home product is the Juno AI family of the
        state-of-the-art LED downlights. Juno AI luminaires feature
        sophisticated lighting controls and premium JBL speakers, all completely
        built in and concealed, along with the Alexa voice service for a
        seamless, truly smart home experience.
    --  January 2019 - GE Lighting announced new dimmer switches that smarten up
        dumb bulbs, and color change smart light bulbs and accessories. The
        company added C-Start dimmer switches to connect to lights, one for USD
        50 and another for USD 75, with built-in light and motion sensors to add
        triggers to brighten or dim them.

Key Topics Covered

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2.1 Analysis Methodology
2.2 Research Phases


4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Need for Energy Savings and Product Availability
4.3.2 Favorable Government Regulations
4.4 Market Restraints
4.4.1 High Cost of Implementation and Lack of Manufacturing Standards
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5.1 By Light Source
5.1.1 LED
5.1.2 High-intensity Discharge (HID) Lighting
5.1.3 Fluorescent Lighting
5.2 By Product
5.2.1 High/Low Bay Lighting
5.2.2 Flood/Area Lighting
5.3 By End-user Application
5.3.1 Oil and Gas
5.3.2 Mining
5.3.3 Pharmaceutical
5.3.4 Manufacturing
5.3.5 Warehouse
5.3.6 Other End-user Applications
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6.1 Company Profiles
6.1.1 Koninklijke Philips N.V.
6.1.2 Cree Inc.
6.1.3 Eaton Corporation PLC
6.1.4 General Electric Company
6.1.5 Emerson Electric Co.
6.1.6 Dialight PLC
6.1.7 Legrand S.A.
6.1.8 Hubbell Incorporated
6.1.9 Zumtobel Group AG
6.1.10 Acuity Brands Inc.
6.1.11 Osram Licht AG
6.1.12 Trilux Lighting Ltd.
6.1.13 Larson Electronics LLC



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