Industrial Lighting & Illumination Market Size, Share, Growth Analysis, By Type(LED lighting, High-Intensity Discharge (HID) lighting, fluorescent lighting, and others), By Application(Factory and production lines, warehouse and cold storage, and others), By Region - Industry Forecast 2024-2031

Global Industrial Lighting & Illumination Market size was valued at USD 8.53 billion in 2019 and is poised to grow from USD 9.24 billion in 2023 to USD 17.48 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

Industrial Lighting & Illumination refers to the use of lighting and illumination systems in industrial facilities such as factories, warehouses, manufacturing plants, and other industrial settings. The main purpose of industrial lighting is to provide adequate lighting for workers to perform their tasks safely and efficiently. Industrial lighting and illumination systems typically consist of a variety of lighting fixtures, lamps, and control systems that are designed to provide optimal lighting for different types of industrial applications. For example, high-intensity discharge (HID) lamps are commonly used in warehouses and factories, while LED lighting is increasingly being used in industrial applications due to its energy efficiency and long lifespan. Industrial lighting and illumination systems may also include advanced features such as motion sensors, daylight sensors, and wireless controls, which can help to reduce energy consumption and improve lighting performance. In addition to providing adequate lighting for workers, industrial lighting and illumination systems can also help to improve safety and security in industrial facilities by reducing the risk of accidents and enabling better visibility in critical areas.

The global industrial lighting and illumination market is a rapidly growing market, driven by factors such as increasing demand for energy-efficient lighting solutions, growing industrialization, and increasing adoption of LED and smart lighting solutions. The global industrial lighting and illumination market is expected to grow significantly in the coming years. There is a growing demand for smart lighting solutions in the global industrial lighting and illumination market, driven by the increasing adoption of industrial automation and the smart lighting (IoT). Smart lighting solutions offer advanced features such as remote control, automation, and energy management, which are highly valued by industrial customers. Governments and regulatory bodies around the world are placing greater emphasis on energy efficiency and sustainability in the industrial sector, driving demand for energy-efficient lighting solutions. The global industrial lighting and illumination market is dominated by several key players and these companies have a strong presence in the market and are driving innovation and growth. Developing countries such as India and China are witnessing rapid industrialization, driving demand for industrial lighting and illumination solutions. This is expected to drive growth in the global industrial lighting and illumination market in the coming years.

US Industrial Lighting & Illumination Market is poised to grow at a sustainable CAGR for the next forecast year.