Industrial Lighting Market Prominent Growth Rate 2019 | Top Key Players, Demand Status Analysis, Share, Industry Size with Forecast Till 2024

Industrial

Industry Research Co added a new research report on “Industrial Lighting Market” 2019-2024 report provides its market share by various sectors with company and product introduction and their position in the Industrial Lighting Industry. Industrial Lighting Market report evaluates the market status across the world and explores the essential macro and micro-economic factors that affecting the progress of the market. Industrial Lighting market report 2019 includes every aspect of the Industrial Lighting industry along with the progress performance.

Prominent Manufacturers of Industrial Lighting Market Are:

  • Koninklijke Philips NV
  • Cree Inc.
  • Eaton Corporation PLC
  • General Electric Company
  • Emerson Electric Co.
  • Dialight PLC
  • Legrand SA
  • Hubbell Incorporated
  • Zumtobel Group AG
  • Acuity Brands Inc.
  • Osram Licht AG
  • Trilux Lighting Ltd
  • Larson Electronics LLC

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    Market Overview:

  • The Industrial Lighting Market was valued at USD 4025.6 million in 2018 and is expected to reach USD 5179.2 million by 2024, recording a CAGR of 4.5%, during the forecast period of 2019-2024. With smart manufacturing gaining prominence across regions and the increasing demand for LEDs from industrial setups, smart lightning is expected to become a component of industrial automation over the forecast period.
  • – The availability of a wide range of lighting products at competitive prices and the increasing demand for energy efficient lighting systems across various industrial sectors are driving the market growth. For instance, in recent years, significant price reductions in LEDs has augmented the adoption of LED lighting products across the world.
  • – Furthermore, favorable government regulations regarding conventional lighting and energy consumption across the United States and China are anticipated to favor market growth.
  • – However, the initial cost required to integrate or replace the lighting system into manufacturing plants and production facilities is a costly affair, especially for small and medium industries.

    Scope of the Report:

  • In order to meet certain minimum requirements like cost-effectiveness, energy optimization, better productivity, and safety of a plant, many industries pay their utmost attention to evaluate any lighting system. Hence, the growth of the market is sustained by rapid industrialization across the globe which has fueled the demand for better quality Industrial Lighting Market. The industrial lighting market are bifurcated into different light source like LED, high-intensity discharge (HID) lighting, fluorescent lighting), which is being used in oil and gas, mining, pharmaceutical, manufacturing, warehouse.

    Industrial Lighting Report Also Covers Offer for New Project Includes:

    • Market Entry Strategies
    • Countermeasures of Economic Impact
    • Marketing Channels
    • Feasibility Studies of New Project Investment
    • Research Conclusions of the Industrial Lighting Industry

    The report provides key statistics on the market status of the Industrial Lighting Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industrial Lighting .

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    Reasons for Buying Industrial Lighting Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward-looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

    Key Market Trends:

    LED Light Source is Expected to Hold Major Share

    – LED has the feature such as longevity, energy efficiency, low operational / maintenance costs, and ability to deliver an increasingly shorter return on investment(ROI) which ultimately drive its demand in the industrial Lighting market.
    – Recently, government associations and utility companies have started providing incentives in order to help reduce industrial energy consumption. For which, rebates were provided to help offset the cost of a facility LED conversion or retrofit to lower energy usage.
    – Furthermore, many companies have been rolling out LED fixtures for both indoor and outdoor applications, retrofit applications, by which they are slowly expanding to hazardous environments as well.
    – For instance, Cree Inc. in October 2018 launched LED LXB Series Linear High-Bay luminaires that are suitable for high ceilings, high ambient temperatures, and high-profile spaces. The company reported that the launch of LXB series is in-line with the ongoing demand for linear fixtures across new industrial constructions and even for fluorescent retrofit high-bay installations.

    Asia-Pacific Region Witnessed to Hold Major Share

    – As the majority of the customers in urban areas of the Asia-pacific region are growing their priority, the leading online retailers are increasingly turning to smaller distribution centers in urban areas to complement the larger out-of-town centers. In South Korea, for example, a new government initiative known as e-Logis Town is transforming old truck terminals and distribution centers into high-tech hubs, providing significant opportunities for industrial lighting solution vendors to enter the market landscape.
    – The governments in the region are promoting the usage of energy efficient lighting solutions, which is expected to see the adoption of LED lights increase significantly. China, for instance, followed a 5-year plan of phasing-out incandescent light bulbs over 100 watts starting 1st October 2012 and has gradually extended the ban to those over 15 watts on 1st October 2016.
    – India is set to witness investments close to INR 50,000 crore for the creation of warehousing facilities across the country, between 2018 and 2020. Different categories of warehousing are expected to create around 20,000 jobs during the three years to varying levels of specification and specialization.

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    Detailed TOC of Industrial Lighting Market Report are:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY
    2.1 Analysis Methodology
    2.2 Research Phases

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Need for Energy Savings and Product Availability
    4.3.2 Favorable Government Regulations
    4.4 Market Restraints
    4.4.1 High Cost of Implementation and Lack of Manufacturing Standards
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Light Source
    5.1.1 LED
    5.1.2 High-intensity Discharge (HID) Lighting
    5.1.3 Fluorescent Lighting
    5.2 By Product
    5.2.1 High/Low Bay Lighting
    5.2.2 Flood/Area Lighting
    5.3 By End-user Application
    5.3.1 Oil and Gas
    5.3.2 Mining
    5.3.3 Pharmaceutical
    5.3.4 Manufacturing
    5.3.5 Warehouse
    5.3.6 Other End-user Applications
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Koninklijke Philips NV
    6.1.2 Cree Inc.
    6.1.3 Eaton Corporation PLC
    6.1.4 General Electric Company
    6.1.5 Emerson Electric Co.
    6.1.6 Dialight PLC
    6.1.7 Legrand SA
    6.1.8 Hubbell Incorporated
    6.1.9 Zumtobel Group AG
    6.1.10 Acuity Brands Inc.
    6.1.11 Osram Licht AG
    6.1.12 Trilux Lighting Ltd
    6.1.13 Larson Electronics LLC

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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