Demand for Industrial Lighting Market from Key End-use Sectors to Surge in the Near Future

The global industrial lighting market is projected to reach a valuation of around US$ 17 Bn by 2031, expanding at a CAGR of close to 7% throughout the forecast period.

Rising global warming has forced governments and international organizations to come up with numerous regulations off late, including regulating the use of industrial lights. This has led to increased use of advanced energy-efficient lighting such as LEDs. LED luminaires can lead to around 50% energy cost savings as compared to HID lamps, and 30-40% as compared to fluorescent lights, due to which, industries are switching over to LED lighting in a big way. Increase in LED lighting demand will defiantly provide a boost to the requirement of industrial lighting.

FACTS AT A GLANCE

Companies: Emerson Electric Co, Signify Holding, OSRAM GmbH, GE Current, Panasonic Corporation, Hubbell Incorporated, and ACUITY BRANDS LIGHTING.

Planning Forward? Access Sample of Industrial Lighting Market Report @ https://www.persistencemarketresearch.com/samples/32444

Coverage: All major geographies and key segments

Segments: By Type (LED Industrial Lighting, High-Intensity Discharge (HID) Industrial Lighting, Fluorescent Industrial Lighting); By Application (Industrial Linear Lighting, Industrial Spot Lighting, Industrial Flood Lighting/Area Lighting, Industrial High Bay Lighting); By Installation (New Installation, Replacement Installation, Retrofit Installation)

Geographies: North America, Latin America, Europe,Asia Pacific,Middle East & Africa

Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com

ABSTRACT-

Industrial lighting Market – Report Scope

Persistence Market Research recently published a report on the industrial lighting market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the industrial lighting market will grow over the forecast period of 2021 to 2031.

How About Re-Inventing The Methodical Wheel In The Industrial Lighting Market? Switch Over To The “Methodology” Tab! https://www.persistencemarketresearch.com/methodology/32444 

Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the market over the forecast period.

The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the industrial lighting market can leverage the information and statistics presented in this research report.

The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting market growth. The study also offers actionable insights based on the future trends in the industrial lighting market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this space.

Planning To Introduce An Offbeat Product/Technology In The Asia Textile Sizing Chemicals Market? Go To “Purchase Now” To Have Our Asia Textile Sizing Chemicals Market Report! https://www.persistencemarketresearch.com/checkout/32421

About us: – 

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

Contact Information:

Contact Us:

Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com