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INDUSTRIAL LIGHTING

Global Market Trajectory & Analytics

MCP12637

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102

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  •  DATE

    JULY 2020

  •  TABLES

    315

  •  PAGES

    391

  •  EDITION

    8

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Industrial Lighting estimated at US$9.2 Billion in the year 2020, is projected to reach a revised size of US$14.4 Billion by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027.Lamps & Luminaires, one of the segments analyzed in the report, is projected to grow at a 7.3% CAGR to reach US$7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Control Systems segment is readjusted to a revised 6.5% CAGR for the next 7-year period. This segment currently accounts for a 28.8% share of the global Industrial Lighting market.
The Industrial Lighting market in the U.S. is estimated at US$2.5 Billion in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.1 Billion in the year 2027 trailing a CAGR of 10.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$3.1 Billion by the year 2027.
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2027, while Latin America will expand at a 6.4% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 391-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Acuity Brands Lighting Inc.; Cree, Inc.; Digital Lumens; Emersion Electric Co.; Fulham Co., Inc.; General Electric Company; Hubbell Lighting Inc.; LED Engin, Inc.; Led Lighting Systems, LLC.; Legrand Group; Lumenpulse Group; Osram Licht AG; Philips Lighting NV; Toyoda Gosei Co., Ltd.; Zumtobel Group AG
» Application (Warehouse & Cold Storage, Factory & Production Lines, Outer Premises, Parking Areas, Hazardous Locations, Other Applications) » Offering (Lamps & Luminaires, Control Systems, Services) » Product (Industrial Linear Lighting, Spot Lighting, Flood Lighting/Area Lighting, High Bay Lighting)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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