Global Industrial and Commercial LED Lighting Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

LED Lamps and LED Fixture.

By Application;

Indoor Lightning and Outdoor Lightning.

By End-Use;

Industrial and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn544238812 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Industrial and Commercial LED Lighting Market (USD Million), 2021 - 2031

In the year 2024, the Global Industrial and Commercial LED Lighting Market was valued at USD 58,335.39 million. The size of this market is expected to increase to USD 188,041.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The global industrial and commercial LED lighting market has seen significant growth in recent years, driven by advancements in technology and increasing awareness of energy efficiency. LED (Light Emitting Diode) lighting has revolutionized the lighting industry due to its superior energy efficiency, longer lifespan, and environmental benefits compared to traditional lighting solutions like incandescent and fluorescent bulbs.

In industrial applications, such as manufacturing facilities, warehouses, and industrial plants, LED lighting offers substantial cost savings through reduced energy consumption and maintenance costs. The durability of LED lights also makes them suitable for harsh environments and continuous operation, further enhancing their appeal to industrial users. Commercial settings such as offices, retail spaces, and hotels, LED lighting not only reduces operational costs but also enhances the aesthetics and ambience of spaces. The versatility of LED technology allows for customizable lighting solutions that can improve productivity, comfort, and overall customer experience.

Government initiatives promoting energy-efficient lighting solutions, coupled with growing environmental concerns, have accelerated the adoption of LED lighting across industries globally. As a result, the industrial and commercial LED lighting market continues to expand, with innovations in smart lighting systems and IoT integration further driving its evolution. This dynamic market landscape presents opportunities for manufacturers, suppliers, and service providers to capitalize on the growing demand for sustainable and efficient lighting solutions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Industrial and Commercial LED Lighting Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cost Savings

        2. Government Regulations

        3. Infrastructure Development

        4. Demand for Smart Lighting

      2. Restraints
        1. Initial Installation Costs

        2. Compatibility Issues

        3. Complexities in Retrofitting

        4. Price Volatility of Raw Materials

      3. Opportunities
        1. Increasing Urbanization

        2. Growing Industrialization

        3. Adoption of IoT in Lighting

        4. Demand for Sustainable Solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Industrial and Commercial LED Lighting Market, By Product, 2021 - 2031 (USD Million)
      1. LED Lamps
      2. LED Fixture
    2. Global Industrial and Commercial LED Lighting Market, By Application, 2021 - 2031 (USD Million)
      1. Indoor Lightning
      2. Outdoor Lightning
    3. Global Industrial and Commercial LED Lighting Market, By End-Use, 2021 - 2031 (USD Million)
      1. Industrial
      2. Commercial
    4. Global Industrial and Commercial LED Lighting Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Eaton Corporation
      2. Cree Inc.
      3. Deco Enterprises, Inc.
      4. Dialight PLC
      5. Osram Licht AG
      6. General Electric Company
      7. Koninklijke Philips N.V.
      8. Toshiba Corporation
      9. Zumtobel Group AG
      10. GE Current (a Daintree company)
      11. Hubbell Incorporated
      12. U.S. LED Ltd.
      13. OSRAM Sylvania Inc
  7. Analyst Views
  8. Future Outlook of the Market