APAC Expected to Drive 48% of Growth in Industrial Lighting Market

The global industrial lighting market is anticipated to grow by USD 2.83 billion from 2025 to 2029, with a compound annual growth rate (CAGR) of 5.7%, according to a report by Technavio. This growth is driven primarily by the increasing adoption of energy-efficient LED technology, as traditional lighting sources are phased out in favor of more sustainable options. The Asia-Pacific region, particularly China, is expected to be a leading contributor, benefiting from many smart city projects and government subsidies for LED manufacturing. The report highlights a significant shift towards smart lighting products and emphasizes the importance of energy efficiency amid rising energy costs. Major companies in the sector include Acuity Brands Inc., General Electric Co., and Panasonic Holdings Corp., among others.

APAC Expected to Drive 48% of Growth in Industrial Lighting Market

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