Industrial lighting is used to maintain adequate illumination to enhance visibility and inmprove the productivity in the application areas which include warehouse & cold storage, factory & production lines, outer premises, parking areas, and hazardous locations. The key market drivers include rising penetration of LEDs due to their low costs, high durability of LEDs, and low energy consumption.
The Global Industrial Lighting Market accounted for USD 7.7 billion in 2016 growing at a CAGR of 8.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024
Major market drivers: Global Industrial Lighting Market
- Rising Penetration of LEDs due to their low costs
- High durability of LEDs
- Low Energy Consumption
- Increasing infrastructural development
The industrial lighting market is segmented on the basis of light source into LED lighting, high intensity discharge (HID) lighting, and fluorescent lighting.
On the basis of installation type the global industrial lighting market is further segmented into new installation, replacement installation, and retrofit installation. The global industrial lighting market is also segmented on the basis of product into industrial linear lighting, spot lighting, flood lighting/area lighting, high bay lighting.
On the basis of application the global industrial lighting market is further segmented into warehouse & cold storage, factory & production lines, outer premises, parking areas, hazardous locations.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
The report for Global Industrial Lighting Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
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Some of the major players of the global industrial lighting market are
- Philips Lighting Holding B.V
- General Electric
- Schneider Electric
- Acuity Brands Lighting, Inc
- Hubbell Incorporated
- Ushio America, Inc
- Litetronics International, Inc
- Cree, Inc.
- Lg Innotek
- Osram Licht Ag
- Leviton Manufacturing Co., Inc
- Zumtobel Group Ag
- Eaton, Dialight
- Advanced Lighting Technologies, Inc
- Aixtron Se
- LED Engin, Inc
- Lumenpulse Group, TOYODA GOSEI Co., Ltd
- the Luma Group, Inc
- Digital Lumens, Inc
- Fulham Co., Inc
- LED Lighting Systems,
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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