Our team of analysts has meticulously curated the Emerging Research publication titled “Global Commercial Lighting Market” to the reader's understanding and includes an industry distribution database overview. To accurately predict the outlook of the Global Commercial Lighting Market during the forecast period (2022-2030), the report takes a deeper look at historical and current market scenarios. The factors affecting the overall growth of the market have been highlighted by the researchers in their analysis of the global market. To examine the advantages, disadvantages, opportunities, and threats involved in expanding into different market segments, research uses effective analytical tools such as Porter's five forces and analysis. SWOT. The most recent research report is an excellent illustration of the thorough examination of the global Commercial Lighting market. The table of contents, a list of tables and figures, the research methodology, the competitive landscape, geographic segmentation, future developments, and technological innovation are all included. This business field has been affected in almost every way by the global disruption. However, the most recent study predicts the effects of the pandemic on this industry and discusses the current market situation. Besides, the significant parts of the market have been talked about in the report, with well-qualified conclusions on the ongoing status of the market.
The global commercial lighting market size reached USD 9.75 billion in 2021 and is expected to register a revenue CAGR of 21.4% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to the growing need for more energy-efficient lighting systems, rapid infrastructure development, and ongoing and upcoming smart city projects in developing countries. Smart lighting use in commercial and industrial applications has been steadily increasing in recent years, owing to a growing focus on energy conservation. The use of such energy-efficient LED lighting technology reduces maintenance expenses significantly as they use about half as much electricity as standard halogen, incandescent, and fluorescent lights. Furthermore, such commercial lighting emits no UV light and operates at a low voltage, as well as having a long lifespan, design flexibility, and durability. For instance, LEDs typically last 30,000–50,000 hours, depending on the fixture, compared to 1,000 hours for an incandescent bulb and 8,000 hours for a fluorescent lamp, respectively. As a result of LED luminaires extended life, they have minimal maintenance costs, which helps cut energy expenditure and bills, and is expected to drive revenue growth in the market between 2022 and 2030.
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The global Commercial Lighting market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Commercial Lighting market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
GE Current, A Daintree Company, Hubbell, Schneider Electric, ABB, Zumtobel Group, Acuity Brands Lighting Inc., Wipro Lighting, Siteco GmbH, Cree Lighting, WAC Lighting and Signify Holding
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
Light Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- Incandescent
- Halogen
- LED
- Others
Installation Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- New Installation
- Replacement Installation
- Retrofit Installation
Technology Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- Wired
- Wireless
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Commercial Lighting in the near future?
- What is the regulatory framework governing the application of Commercial Lighting in the food industry?
- Which manufacturing processes are utilized for the production of Commercial Lighting?
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Commercial Lighting market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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