Wednesday, January 29, 2025

Industrial Lighting Market Expected to Increase by USD 2.83 Billion (2025-2029) Fueled by Adoption of Energy-Efficient Solutions and AI-Driven Trends

Posted in
Business
on
Industrial Lighting Market Expected to Increase by USD 2.83 Billion (2025-2029) Fueled by Adoption of Energy-Efficient Solutions and AI-Driven Trends
The global industrial lighting market is projected to expand by approximately USD 2.83 billion between 2025 and 2029, growing at a CAGR of 5.7%, according to a report by Technavio. This growth is largely driven by the increasing adoption of energy-efficient lighting technologies, particularly LED solutions, which are favored for their longevity and low energy consumption. However, the high initial costs associated with implementing advanced industrial lighting systems present a significant challenge. Key players in the market, including Acuity Brands, ams OSRAM, General Electric, and Signify, are actively developing innovative solutions, including smart lighting systems with integrated sensors to optimize energy usage. As urbanization and infrastructure development continue to rise, alongside government incentives promoting energy conservation, the industrial lighting market is expected to witness a shift towards more sustainable and technologically advanced lighting solutions.
Original source:
https://www.prnewswire.com/news-releases/industrial-lighting-market-to-grow-by-usd-2-83-billion-2025-2029-driven-by-energy-efficient-lighting-adoption-report-with-ai-impact-on-trends---technavio-302359491.html

Read More

Ask Dr. Bulb
Got a question for Dr. Bulb?
Send him a message!
Our Sponsor
Access Fixtures Logo

DrBulb.com is sponsored by Access Fixtures

Dr. Bulb recommends checking out Access Fixtures for all your LED, commercial lighting, and sports lighting needs!

Categories

© 2024 DrBulb.com. All Rights Reserved.