Reports > Consumer Goods And Retailing > Commercial Lighting Market Report
Commercial Lighting Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Commercial Lighting market, covering insights on market size, trends, technology advancements, and forecasts for the years 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $65.80 Billion |
| CAGR (2023-2033) | 6.4% |
| 2033 Market Size | $124.34 Billion |
| Top Companies | Philips Lighting, Osram Licht AG, Acuity Brands |
| Last Modified Date | 15 Nov 2024 |
Commercial Lighting Market Report (2023 - 2033)
Commercial Lighting Market Overview
What is the Market Size & CAGR of Commercial Lighting market in 2023?
Commercial Lighting Industry Analysis
Commercial Lighting Market Segmentation and Scope
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Commercial Lighting Market Analysis Report by Region
Europe Commercial Lighting Market Report:
Europe is expected to see significant growth in the Commercial Lighting market, with a projected size of $17.57 billion in 2023, rising to $33.20 billion by 2033. Sustainability goals and energy efficiency mandates are pushing the adoption of innovative lighting solutions.Asia Pacific Commercial Lighting Market Report:
The Asia Pacific region is witnessing rapid growth in the Commercial Lighting market, driven by urbanization and increased infrastructure development. In 2023, the market is valued at $12.56 billion and is expected to reach $23.74 billion by 2033, driven by the rising demand for energy-efficient lighting solutions.North America Commercial Lighting Market Report:
North America is a mature market, with the Commercial Lighting sector valued at $21.94 billion in 2023, forecasted to reach $41.45 billion by 2033. The region is known for the adoption of advanced technologies and stringent energy efficiency regulations driving the transition to smart lighting.South America Commercial Lighting Market Report:
In South America, the Commercial Lighting market is valued at $6.15 billion in 2023, projected to grow to $11.63 billion by 2033. Factors such as government initiatives for sustainable development and increasing investment in commercial real estate are propelling growth.Middle East & Africa Commercial Lighting Market Report:
The Middle East and Africa region shows promising growth potential, initially valued at $7.58 billion in 2023, with projections to reach $14.32 billion by 2033. Investment in commercial infrastructure and rapid urbanization are key drivers of market expansion.Request a custom research report for industry.
Commercial Lighting Market Analysis By Product
Global Commercial Lighting Market, By Product Type Market Analysis (2023 - 2033)
LED Lighting continues to dominate the market with a size of $41.36 billion in 2023, expected to grow to $78.15 billion by 2033, holding a 62.85% market share. Fluorescent lighting, valued at $14.80 billion in 2023, is anticipated to reach $27.98 billion by 2033. Halogen lighting, while smaller in size, accounted for $9.64 billion in 2023 and is projected to grow to $18.22 billion by 2033.
Commercial Lighting Market Analysis By Application
Global Commercial Lighting Market, By Application Market Analysis (2023 - 2033)
The Office Spaces segment stands out with a size of $36.21 billion in 2023 and is expected to reach $68.42 billion by 2033, representing a significant market share of 55.03%. The Healthcare segment follows closely, growing from $36.21 billion to $68.42 billion over the same period, showcasing the importance of proper lighting in health services.
Commercial Lighting Market Analysis By Tech Integration
Global Commercial Lighting Market, By Technology Integration Market Analysis (2023 - 2033)
Smart Lighting solutions are gaining traction, with a market size projected to escalate from $52.73 billion in 2023 to $99.63 billion by 2033. This segment reflects a 80.13% market share, depicting the ongoing shift towards automation and intelligent lighting solutions.
Commercial Lighting Market Analysis By End User
Global Commercial Lighting Market, By End-User Industry Market Analysis (2023 - 2033)
The Industrial Spaces segment, although smaller, showcases growth from $7.72 billion in 2023 to $14.58 billion by 2033, influenced by increased automation in manufacturing. Retail Stores are expected to grow from $13.59 billion to $25.68 billion, showcasing the importance of lighting in customer experiences.
Commercial Lighting Market Analysis By Lighting Controls
Global Commercial Lighting Market, By Lighting Controls Market Analysis (2023 - 2033)
Manual Controls hold a substantial market size with values at $52.73 billion in 2023, expected to increase to $99.63 billion by 2033. Automated Controls, though smaller, are demonstrating strong growth from $13.07 billion to $24.71 billion, driven by advancements in technology integration.
Commercial Lighting Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Commercial Lighting Industry
Philips Lighting:
A leading player in the global lighting industry, Philips Lighting is renowned for its innovative lighting solutions and commitment to sustainability, making significant contributions through energy-efficient products.Osram Licht AG:
Osram is known for a wide array of lighting products and technology solutions including traditional, smart, and LED lighting. Their focus on enhancing user experience and energy efficiency is strengthening their presence in the market.Acuity Brands:
Acuity Brands specializes in commercial lighting and controls, offering innovative solutions designed to enhance the user experience and support energy management practices in various industries.We're grateful to work with incredible clients.
