23 Jul, 2026
According to Straits Research the global industrial lighting market was valued at $16.23 billion in 2025 and is anticipated to grow from $17.34 billion in 2026 to $29.35 billion by 2034, registering a CAGR of 6.8% during the forecast period 2026–2034.Industrial lighting is generally found in manufacturing environments such as factories, chemical plants, or refineries. Industrial lighting needs to be durable enough to withstand the harsh conditions of industries, such as vibrations, high temperature, corrosive materials, dirt, and high humidity. In addition, industrial lighting should comply with the fire and manufacturing lighting safety requirements and be fit for the purpose for which the lighting is used.
According to the data released by EIA, around 32.78 quadrillions BTU of total energy was consumed by the industrial sector in the United States in 2019. Lighting forms a significant portion of their electricity expenses, which soon became the focus for manufacturers and governments across regions, as they were under pressure to decrease carbon emissions from electricity generation. The increasing need for energy-saving has compelled industrial users to invest more in energy-efficient lighting technologies. Governing bodies and regulatory institutions are also responsible for increasing awareness of energy savings through public awareness campaigns and lighting evaluation groups. The US Department of Energy’s (DOE) Solid-state Lighting (SSL) reported that these activities have resulted in the transition toward more energy-efficient lighting technologies and have contributed to the substantial rise in the penetration of LED lighting solutions. Therefore, the fluorescents and the high-intensity discharge (HID) lighting solutions are gradually starting to phase out.
The lighting vendors are constantly investing in improving the efficiency of the lighting systems and rolling out new solutions. Companies across multiple regions have increasingly started to replace end-of-life lighting products with the available energy-efficient solutions instead of completely changing their lighting solutions. In recent years, the LED industry is witnessing massive investments from several companies. This primarily has led to the emergence of innovative LED technologies that are more affordable. The high luminous efficacy, reduced energy use, greater lifespan, and decreasing average selling price (ASP) of LED lighting products are the key factors that have compelled consumers to switch to LED technology.
Owing to the COVID-19 pandemic, the market witnessed production halts and disruptions in the supply chain. As a result, it also weakened industrial growth, and light-manufacturing output across significant manufacturing hubs was reduced. The market has also been susceptible to increased prices, owing to the outbreak of COVID-19 in the chemical industry. For instance, in April 2020, Lumileds announced the increased cost of its LED lighting by 4%. The company attributed the same as a measure to offset costs that occurred during the pandemic. Production halts are minimal, but the supply chain still remains disrupted. For instance, in mid-March 2020, Signify Holding announced that a 3% price increase was likely to be added to all the LED and lamp product orders from April 1, 2020, owing to the additional costs in its logistic chain. By the end of March 2020, the company decided to suspend its financial outlook for FY 2020 due to market uncertainty.
Asia-Pacific will hold the largest market share during the forecast period due to the increasing need for energy-efficient lighting technologies across industrial applications and infrastructural development in this region. The Asia-Pacific industrial lighting market was valued at USD 2672 million in 2021 and is expected to be valued at USD 4591 million by 2030 at a CAGR of 6%. Europe will account for the second-largest market share, and the market was valued at USD 1729 million in 2021, owing to the increasing government policies across major geographies.
North America will witness steady market growth. Rising warehouses with increasing e-commerce and advanced safety and smart solutions in the oil industry will boost the market share. Latin America and Middle East & Africa will account for competitively lower growth, with the impact of the pandemic and certain governments’ changing policies.
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