Industrial lighting is used in the several types of industries such as manufacturing, marine, mining, packaging and even in the sports industry. The major reason behind using this type of lighting system in these industries is for the safety concerns and for better visibility experience. Many industries pay utmost attention to evaluate their lighting systems to meet certain minimum requirements, like cost-effectiveness, energy optimization, better productivity, and plant safety. Governments and public organizations across the whole world are increasingly deploying lighting systems like LED lighting networks, in order to address the maintenance issues arising from incandescent lamp usage. LEDs comes up with its own advantages making it worthy such as no ultraviolet or infrared radiations and hence further offering various benefits, such as lower cooling costs, prolonged product life, and maintenance simplification, also there is no damage to eyes and sensitive equipment and providing utmost safety in the industrial environment.
The research goes into detail on the elements that drive market growth, including significant opportunities, growth drivers, as well as opportunities. Furthermore, it builds on previous data and the present business environment to forecast the industry's performance from 2020 to 2025. The study includes an extensive analysis of the workings of this business industry at regional and country levels in order to assess the industry size at a global level. Further, the study literature examines the dominating actors and assesses the techniques they use to maintain their position in the competitive arena. The present and predicted impact of the Covid-19 epidemic has also been considered, with a particular focus on income-generating opportunities and techniques to deal with the shifting situation.
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Key Industry Players in Industrial Lighting Market:
- Siemens
- GE Lighting
- Signify (formerly Philips Lighting)
- USHIO America Inc.
- Crompton Greaves Ltd.
- Acuity Brands Lighting Inc.
- Litetronics InternationalInc.
- Havells India Ltd
- and OSRAM Gmbh
- among and others major key players.
Moreover, industrial lighting usage has grown not just in terms of application in these broad fields of end use but also due to technological advancements in them. Over the years, as industrial automation in various sectors has gained momentum, coupled with labor shortage and the need to reduce labor costs, more industry owners are relying on smart industrial lighting as an investment with long-term financial gains in mind.
Segmentation Analysis Includes,
By Type:
- High/Low Bay Lighting
- Flood/Area Lighting
By Light Source:
- LED
- High-intensity Discharge (HID) Lighting
- Fluorescent Lighting
By End-User:
- Oil Gas
- Mining
- Pharmaceutical
- Manufacturing
- Warehouse
- Other
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Key Questions Answered in the Report:
- What is the study period of this market?
- Which region has highest growth rate in Industrial Lighting Market?
- Which is the most lucrative market for industrial lighting?
- Which is top-selling industrial lighting?
- Which are some of the leading industrial lighting manufacturers?
The report covers the industrial lighting market on the basis of light source, offering, installation type, product, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the industrial lighting market.
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The industrial lighting market in North America is observed to have increasingly participated in multiple launches to upgrade their existing LED lighting offerings for hazardous locations. With e-commerce growing significantly, the number of warehouses is also expected to increase in order to cater to this rising demand. The oil sector is expected to invest significantly in advanced safety features and smart lighting solutions in order to ensure that there are no disruptions in the upstream and downstream processes.
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