Commercial Lighting Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2030

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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

The global Commercial Lighting market research study published by Emergen Research is an extensive collection of insightful information about the Commercial Lighting industry. The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Commercial Lighting market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Commercial Lighting market landscape. The Commercial Lighting research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.

Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.

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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Market Overview:

The report bifurcates the Commercial Lighting market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

The report addresses the following key points:

  • The report provides a forecast of market drivers, restraints, and future opportunities for the Commercial Lighting market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

This report tells you Today how the Commercial Lighting market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

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Competitive Terrain:

The global Commercial Lighting industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Market Segmentations of the Commercial Lighting Market

For this study, this report segments the global Commercial Lighting market on the basis of product, application, and region:

Segments Covered in this report are:

  • 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

Leading Market 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

To access the full coverage of the global Commercial Lighting market report, visit @ https://www.emergenresearch.com/industry-report/commercial-lighting-market

Regional Outlook:

  • North America (the U.S., Canada, Mexico)
  • Europe (the U.K., Germany, France, Italy)
  • Asia Pacific (India, China, Japan, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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