Global Industrial and Commercial LED Lighting Market Report by Business Research Company 2022: Market Size, Trends and Forecast to 2026
London, Greater London, UK, 19 September 2022 /EINPresswire.com/ – According to the 2022 Global Industrial and Commercial LED Lighting Market Report published by Business Research, the industrial and commercial LED lighting market size is expected to grow from $35.55 billion in 2021 to $43.20 billion in 2022 at a CAGR It is 21.50%. The global industrial and commercial LED lighting market size is expected to grow to $94.38 billion in 2026, at a compound annual growth rate (CAGR) of 21.58%. The increasing construction of new structures and the significant remodeling of existing buildings is driving the growth of the industrial and commercial LED lighting market.
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The industrial and commercial LED lighting market consists of sales of industrial and commercial LED lighting by entities (organizations, partnerships, and sole proprietors) that refer to LED lighting products used in factories, industries, and other commercial spaces. Industrial and Commercial LED Lighting provides the high quality lighting solutions required for industrial and commercial applications. Some industrial LED light bulbs provide from four to forty times the life of conventional lighting solutions, resulting in significant cost savings.
worldwide Industrial and Commercial Lighting Market Trends
Technological advancement is a major trend gaining popularity in the industrial and commercial LED lighting markets. The major players in the industrial and commercial LED lighting markets are focused on developing technologically advanced products to strengthen their market position. Companies are developing and offering smart LED lights that are Wi-Fi enabled and can be controlled by an external device via a mobile app. Smart LED lights provide safety, convenience, energy efficiency and cost-effectiveness. They can be used in various applications, such as home, commercial and industrial environments.
worldwide Industrial and Commercial Lighting Market Segments
By product type: LED lights, LED fixtures
By installation: new installation, retrofit
By distribution: direct sales, online stores, specialty stores, other
By application: retail, manufacturing, hospitality, warehouse, warehousing, office buildings, etc
By Geography: The global industrial and commercial LED lighting market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, and the Middle East and Africa. Among these regions, the Asia Pacific region accounts for the largest share.
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The Global Industrial and Commercial LED Lighting Market Report 2022 is one of a series of new reports released by Business Research that provides overviews of the global industrial and commercial LED lighting market, analyzes the LED industrial and commercial lighting industry, and predicts the market size and growth for the industry and the global commercial lighting market. LED, global industrial and commercial lighting market share, global industrial and commercial lighting market segments, industrial and commercial lighting market players, industrial and commercial lighting market leading competitors revenue, profiles and market shares. Industrial and Commercial LED Lighting Market report identifies the top countries, sectors for opportunities and strategies based on market trends and approaches of key competitors.
The TBRC Global Industrial and Commercial Lighting Market Report 2022 includes information on the following:
Data segments: market size, worldwide, by region and country, historical and forecast, and growth rates for 60 geographies
Major market players: Deco Lighting, Dialight Plc, Eaton Corporation Plc, General Electric Company, Koninklijke Philips NV, Osram Licht AG, Toshiba Corporation, Syska, Zumtobel Group AG, Cree Inc, Cooper Industries Plc, Digital Lumens Inc, Sonaray LED Lighting and Hubble lighting.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And much more.
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