The industrial and commercial LED lighting market is estimated to grow at a CAGR of 18.1% from 2021 to 2030.
The industrial and commercial LED lighting market is projected to reach $172.95 billion by 2030.
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Increase in demand for cost-effective and energy-saving LED lighting, rise in government initiatives toward LED adoption, and surge in need to replace traditional lighting system.
The key players profiled in the report include Wolfspeed, Inc., Deco Lighting, Inc., Dialight PLC., Eaton Corporation, General Electric Company, and many more.
On the basis of top growing big corporations, we select top 10 players.
The industrial and commercial LED lighting market is segmented on the basis of product, application, end user, and region.
The key growth strategies of the market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Led Fixtures segment would grow at a highest CAGR of 19.4% during the forecast period.
Asia-Pacific region will dominate the market by the end of 2030.
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Global Opportunity Analysis and Industry Forecast, 2021-2031