Commercial Lighting Market: A Look at the Industry's Growth Drivers and Challenges

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Introduction of smart commercial lighting systems resulted in improved security and public safety which are significant factors driving global commercial lighting market revenue growth

One of the most sought-after market reports regarding in-depth analysis of the global Commercial Lighting Market is the most recent report from Emergen Research, titled "Global Commercial Lighting Market - Forecast to year 2030". The report's authors gave the required details regarding the most recent trends in the Commercial Lighting market as well as significant factors that have a long- and short-term impact on the market's growth. Through a thorough industry picture, it offers essential insights into the estimated Commercial Lighting market size, revenue share, sales network, and distribution. With the aid of these beneficial market insights, readers will be able to explain the important outcomes of this sector in the near future. The Commercial Lighting market research gives a clear explanation of the current trends as well as a variety of growth possibilities, major drivers, restrictions, obstacles, and other important factors.

The study also considers a number of market dynamics, which in turn present the top players in the Commercial Lighting market with a wide range of growth prospects. They are also designed to assist businesses in this sector in developing wise judgements and profitable business plans. Among the receivers of this report are some of the most well-known venture capitalists in the world. The research gives these people a better understanding of the global Commercial Lighting market's competitive environment. The business environment in Commercial Lighting has been significantly altered by the coronavirus outbreak, so different manufacturers and buyers won't have many opportunities for expansion over the coming years. Finally, the paper offers convincing insights into how the regional and global keyword markets are expanding.

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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Leading Players Profiled in the Report:

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

The extensive Commercial Lighting market segmentation, which covers the whole range of product types, applications, end-user industry landscapes, major geographic regions, and leading market competitors, is one of the report's main features. The study includes unbiased industry experts' predictions for revenue creation throughout the anticipated time as well as their opinions on the current market situation, historical market performance, production and consumption rates, demand and supply ratio, and other topics. The research precisely assesses the financial positions of the leading players, as well as their gross profits, sales volumes, sales revenue, production expenses, and other financial criteria. Our researchers' team has also used a number of analytical methodologies, including investment evaluation, SWOT analysis, and Porter's Five Forces Analysis, to examine the production and distribution capacities of the Key Word market participants.

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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

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