Industrial Lighting Market - Forecast (2022-2027)

The Industrial Lighting Market size is forecast to reach US$29.42 billion by 2027, growing at a CAGR of 7.93% from 2022-2027. The industrial lighting system is specifically designed to meet the needs for the proper functioning of the industries. The Industrial lighting is made of dark-tone steel and wood. The installation of industrial lighting enables workers in production facilities to carry out their duties in a precise and safe manner. Industrial Lighting is beneficial for the users in various ways such as low maintenance, better durability, even coverage, unmatched controllability, enhanced lighting, augmented efficiency, healthier and safer environment. All these factors are driving the growth of the Industrial Lighting market size. In July 2022, Businesswire stated that the new Arize Element L2000 was unveiled at Cultivate 22, a major gathering for the green industry.

Report Coverage

The “Industrial Lighting Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Lighting industry.

By Lighting type: LED Lighting (Light-emitting diode), Fluorescent Lighting, HID Lighting (High-intensity Discharge Lighting) and Incandescent Lighting and Others.

By Product Type: Industrial wall lights, Vintage Industrial lighting, Industrial look lighting, industrial hanging light, Task Lighting, Area Lighting, Spot Lighting, High Bay Lighting and Others.

By Type: Lamps &Luminaries, Control system, Services.

By Installation Type: New Installation, Replacement Installation, Retrofit installation.

By Application: Factory & Production Lines, Hazardous Locations, Parking areas, Outer Premises, Warehouse &Logisticsand Others.

By End-users: Oil & Gas, Food and Beverages, Metals & Mining, Industrial Manufacturing, Pharmaceuticals, Warehouse & Cold storages, and Others.

By Geography: North America (the U.S., Canada, Mexico), Europe(Germany, the UK, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa).

Key Takeaways

The LED (Light-emitting diode) lighting segment by lighting type in the Industrial lighting market is expected to grow fastest at a CAGR of 9.5% during the forecast period 2022-2027. Industrial LED lighting offers several benefits, including low maintenance costs, time efficiency, energy savings, improved assembly accuracy, the potential to accelerate assembly processes and workplace accident prevention which helps in the growth of the Industrial Lighting market size.

The High Bay lighting segment by product type in the Industrial lighting market is expected to grow fastest at a CAGR of 10% during the forecast period 2022-2027. The bay LED lighting system, which uses occupancy or photo sensors, keeps costs down by illuminating the warehouse only where it is required. They are employed in warehouses because of their simple installation process and pocket-friendly nature. All these factors are attributed to the high market share.

Asia-Pacific by region is expected to grow the fastest, at a CAGR of 9.8% in the Industrial lighting market during the forecast period 2022-2027. The growing number of manufacturing facilities set up in this region has resulted in a high CAGR rate.

The global industries and governments are moving toward a sustainable future by switching to environmentally friendly industrial products like Industrial LED Lighting, Luminaries and other similar items. This is expected to drive market growth.

Global Industrial Lighting Market Value Share, By Region, 2021 (%)

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Industrial Lighting Market Segment Analysis - by lighting type

The Industrial Lighting market by lighting type can be segmented into LED Lighting (Light-emitting diode), Fluorescent Lighting, HID Lighting (High-intensity Discharge Lighting) and Incandescent Lighting. The LED (Light-emitting diode) Luminaires segment by lighting type in the Industrial lighting market is expected to grow fastest at a CAGR of 12% during the forecast period 2022-2027. Industrial LED lighting offers many benefits, including low maintenance costs, time efficiency, energy savings, improved assembly accuracy, the potential to accelerate assembly processes and workplace accident prevention. Energy usage in high bay lighting is decreased by 40–60% by using LEDs. Similarly, a typical workplace with industrial-led light fixtures can save up to $5,341 over three years in maintenance expenditures by switching from conventional 400-watt HID high bay lighting to LED. It has been proven that industrial LED lighting is more reliable and energy-efficient than conventional fluorescent, high-pressure sodium, or metal halide lighting. As a result, to save money on energy and maintenance, the majority of manufacturing plants are investing in LED lighting upgrades. All these factors are driving the growth of the Industrial Lighting market share.

Industrial Lighting Market Segment Analysis - by Product type

The Industrial Lighting market by product type can be segmented into Industrial wall lights, Vintage Industrial lighting, Industrial look lighting, industrial hanging light, Task Lighting, Area Lighting, Spot Lighting and High Bay Lighting. The High Bay lighting segment by product type in the Industrial lighting market is expected to grow fastest at a CAGR of 15% during the forecast period 2022-2027. LED bay lights offer better illumination at a lesser price when compared to traditional bulbs. The LED high bay lights termed Specialized industrial shop Luminaires are made to light up huge spaces with high ceilings. Compared to conventional incandescent fixtures, these high bay LED shop lights produce strong illumination over a long distance to improve visibility. Due to their wider dimensions and higher ceilings, high bay LED lighting is ideal for commercial and industrial applications including warehouses and retail establishments. All these factors are driving the growth of the Industrial Lighting market share. High bay LED lights also offer significantly longer life and greater energy efficiency than traditional fluorescent lighting or metal halide lights, making them a better investment.

Industrial Lighting Market Segment Analysis - by Geography

Asia-Pacific by region is expected to grow the fastest, at a CAGR of 14% in the Industrial lighting market during the forecast period 2022-2027. Leading international producers are searching for new sites to relocate their manufacturing facilities to the Asia Pacific region to meet rising demand driven by the region's growing industrialization. Countries like India and Japan are developing several manufacturers and expanding their production capacity. China is also having a leading position in the Industrial Lighting industry and has one of the largest manufacturing and storage facility locations in the world in the Industrial Lighting industry outlook. All these factors are driving the growth of the Industrial Lighting market share. In July 2022, CISION PR News stated that in the five geographical markets of mainland Hong Kong, Taiwan, South Korea, Japan and China, the LOreal group in the North Asia Zone is the first business zone in the world to achieve carbon neutrality across all operational sites and facilities. The production and distribution facilities in the North Asia zone have used sustainable technology to reduce their environmental impact. All these factors are driving the growth of the Industrial Lighting industry.

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Industrial Lighting Market Drivers

The expansion of the industrial lighting industry is being driven by major manufacturers shifting their sites for better services globally.

Industrial lighting manufacturing companies to increase production capabilities and provide better services globally are relocating their sites. This will help them in their continued growth by not only meeting the needs but help in exceeding international industry standards. All these factors will contribute to the Industrial Lighting market share growth. In 2022, CISION PR Newswire stated that south of Cleveland, Ohio, CLEANLIFE, a top supplier of highly tailored LED lighting solutions and smart home technologies, is transferring its operations to a new headquarters in the neighborhood of Valley View, Ohio. A network of CLEANLIFE manufacturing plants can be found in the USA, Taiwan, China and Vietnam. For consumers and suppliers that are coming to the new location, there are various benefits. Also, the ease of access to the highway will improve the logistics of receiving and transporting goods from around the globe. The addition of testing capabilities increased production capacity and an emphasis on R&D are all benefits of the new facility. Additionally, the new headquarters will give the staff a place to work together on product development, which will mark the beginning of the LED and smart lighting industry's economic cycle. All these factors are driving the growth of the Industrial Lighting market size.

Industrial lighting companies combining other businesses with shared development goals are driving the market growth.

A lot of successful companies are working to transform the industrial lighting sector, like Wipro Lighting, by teaming up with other relevant businesses. With the aid of this partnership, the current industrial lighting market will offer more investment options and new markets and segments will also become accessible. as per the Industrial Lighting market report. In June 2022, The Economic Times stated that commercial lighting and seating businesses were combined by Wipro to form one unit. The top-of-the-line industrial lighting solutions from Wipro are especially created to produce light with the least amount of energy. By leveraging Wipro's shared dealership network and customer service, the new organization will enable better synergies and faster growth. This will help in opening up other segments and markets and will provide chances to increase investments in the current markets. There are plans to provide clients with new products and solutions. To provide more value to customers in the B2B (business-to-business) market, the Commercial Lighting and Seating Solution companies are combined. All these factors are driving the growth of the Industrial Lighting market share.

The global drive for sustainable development in the industries is fueling the Industrial lighting market expansion.

The global industries and governments are moving toward a sustainable future by switching to environmentally friendly industrial products like Industrial LED Lighting, Luminaries and other similar items. The government is implementing several regulations promoting the use of energy-efficient lighting in workplaces, public places and industrial spaces. These several factors are promoting market expansion. In July 2022, Resource stated that the CEO of Recolight highlighted the circular economy in the lighting industry. These new activities and offerings complement the adjustments Recolight has made to attempt and increase the reuse of used lighting equipment and decrease the amount of Luminaries recycling. One such endeavor is the circular economy, which is an essential part of the answer to the climate crisis. Reducing the carbon footprint of lamp collection services by 10% this year is the annual internal goal for all workforces. The recent record-breaking heatwave serves as a timely reminder that we all need to step up our efforts to address the climate emergency. One of the conditions for the tender is climate action, which has been a major factor in Recolight's three-year corporate transformation. All these factors are driving the Industrial lighting market growth.

Industrial Lighting Market Challenges

The expansion of the industrial lighting market may be constrained by the emerging health problems caused by LED lighting.

Rapid technological advancements in LED technology have recently led to their adoption as an essential component of lighting systems. However, the blue light that is released from them is dangerous. Less blue light was created by traditional light bulbs than by LEDs or energy-efficient Fluorescent Lighting lamps. According to scientists, LED lights can have a serious negative impact on health. People may experience major health issues as well as eye damage. All these factors will restrict the market growth. In May 2019, CNN stated that an EU health agency has issued a warning that LED lighting can harm the eyes and disrupt sleep. The blue light in LED lights might disrupt biological and sleep rhythms and harm the retina in the eyes. Studies have shown that short-term exposure to intense blue light can have phototoxic effects and that exposure to low-density sources increases the risk of age-related macular degeneration. Vision loss may also be caused by age-related macular degeneration as the retina accumulates the Fluorescent Lighting molecules referred to as lipofuscin. These compounds become more abundant with age and lead to unhealthy optical responses. All these above mention factors will hinder the market growth.

High-intensity discharge lighting (HID) requires a lot of time and has a short lifespan, which can hinder market expansion.

HID (High-intensity Discharge Lighting) lights are gas discharges that need time to warm up before emitting light. High-intensity Discharge Lighting waste 30% of the energy produced and emit significant amounts of UV radiation, which contributes to global warming. All these factors will restrict the market growth. In December 2021, Ledsupplco listed various drawbacks of adopting high-intensity discharge lighting. High-intensity discharge lighting has many drawbacks in addition to generating high-quality light, being physically compact and having a long lifespan. The HID needs 2–6 minutes to warm up before it can start to emit light. High-intensity discharge lighting uses 30% more energy than necessary and gets worse over time. They also produce a substantial amount of UV radiation, which harms people severely and raises concerns about climate change. All these factors can restrict the industrial market growth.

Industrial Lighting Market Industry Outlook

Product launches, collaborations and R&D activities are key strategies adopted by players in the Industrial Lighting market. The Industrial Lighting top 10 companies include:

Phillips

Hubbell Lighting Inc.

Emerson

Legrand

Acuity Brands Lighting Inc.

Toyoda Gosei Co. Ltd.

Cree Inc.

General Electric

Osram Licht AG

Zumtobel Group

Recent Developments

In July 2022, ETnow stated that Wireless LED (Light-emitting diode) lighting manufacturer Astera launches a vibrant new multi-lingual website optimized for all devices, action-packed with product information, full of technical specs, news, useful tips and tricks, invaluable troubleshooting advice and so on.

In October 2021, the Connector supplier stated that there are possibilities that connected LED lighting offer to go far beyond illuminating spaces. Smart, programmable lighting is bringing creativity and efficiency to the built environment. Lighting technologies are bringing new creativity and functionality to buildings, industrial sites and urban infrastructure for industrial lighting as per the Industrial Lighting market report.

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