Industrial Lighting Market: Trends and Forecasts 2019-2024

LDS 13 CS Industrial 400

July 3, 2019

The industrial lighting market was valued at US$4,025.6 million in 2018 and is expected to reach US$5179.2 million by 2024, recording a CAGR of 4.5%, during the forecast period of 2019-2024, forecasts a new market research report. 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, says the report. For instance, in recent years, significant price reductions in LEDs has augmented the adoption of LED lighting products across the world.

Furthermore, favourable government regulations regarding conventional lighting and energy consumption across the United States and China are anticipated to favour 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.

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 fuelled demand for better quality industrial lighting. The industrial lighting market is bifurcated into different light source like LED, high-intensity discharge (HID) lighting, and fluorescent lighting.

Find out more HERE

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    At the crest of False Creek, Tesoro stands as a contemporary interpretation of classic luxury, offering 92 exclusive waterfront homes in the heart of Vancouver. Developed by Concert Properties, this 17-story residential tower embraces a distinctly modern character, harmonizing sleek design with timeless sophistication. The vision for Tesoro extended beyond its architectural presence—it was about… Read More…

  • LightForm: Estiluz – Versatile Solutions for Sophisticated Spaces

    LightForm: Estiluz – Versatile Solutions for Sophisticated Spaces

    For anyone seeking high-performance lighting that blends elegance with engineering, Estiluz offers an exceptional range of solutions. This Spanish brand, family-owned since 1969, creates lighting that balances form, function, and flexibility, making it ideal for both bold architectural statements and subtle design enhancements. At LightForm, they are proud to be the exclusive Canadian distributor of… Read More…


New Products

  • ABB Emergi-Lite: EHV Series – Aluminum High-Visibility Edge-Lit Pictogram Sign

    ABB Emergi-Lite: EHV Series – Aluminum High-Visibility Edge-Lit Pictogram Sign

    ABB Emergi-Lite’s new EHV Series high-visibility edge-lit pictogram sign is crafted for high-ceiling spaces such as distribution centres, shopping malls, sports facilities, and transportation hubs. The sleek EHV Series offers enhanced visibility during emergencies while also blending seamlessly into everyday built environments. The EHV Series isn’t just a pictogram sign—it’s a carefully engineered safety solution… Read More…

  • Intermatic: ALC1-R – 1-Channel 0-10 V Lighting Controller

    Intermatic: ALC1-R – 1-Channel 0-10 V Lighting Controller

    The ALC1-R Lighting Controller is a single-channel 0-10 V dimming controller designed to work with ARISTA Lighting Control System by Intermatic. These units can work with either 0-10 V or 1-10 V lighting fixtures, including LEDs. Once installed, the ALC1-R unit(s) can be configured to work off of either scheduling, sensing, or a combination of… Read More…