Commercial Lighting Market by Offering, Installation Type, Communication Technology, End-use Application, End-User

List of Tables

The Commercial Lighting Market was valued at USD 14.83 billion in 2023, expected to reach USD 17.80 billion in 2024, and is projected to grow at a CAGR of 21.11%, to USD 56.68 billion by 2030.

The scope of the commercial lighting market encompasses the development, manufacturing, and distribution of lighting solutions designed for non-residential environments such as offices, retail spaces, warehouses, and public facilities. Commercial lighting is necessary for ensuring safety, enhancing productivity, and creating appealing environments in commercial settings. Its applications range from basic illumination to sophisticated energy-efficient and smart lighting systems that optimize lighting conditions and reduce operational costs. End-use sectors include commercial buildings, industrial facilities, and hospitality venues, among others. Key growth drivers include technological advancements like LED innovations offering greater efficiency and longevity, the increasing adoption of smart lighting solutions due to IoT integration, and the growing emphasis on sustainability leading to demand for eco-friendly lighting products. The expansion of the construction industry also fuels market growth by creating new infrastructure opportunities.

KEY MARKET STATISTICS
Base Year [2023]	USD 14.83 billion
Estimated Year [2024]	USD 17.80 billion
Forecast Year [2030]	USD 56.68 billion
CAGR (%)	21.11%

Potential opportunities arise in markets focusing on smart city projects and improving infrastructure in developing regions that demand efficient, cost-effective lighting systems. Energy efficiency rebate programs and government incentives for renewable energy adoption further bolster market growth. However, the commercial lighting market faces limitations such as the high initial costs of advanced lighting systems and intense competition that puts pressure on pricing strategies. Rapid technological changes also pose challenges as businesses must constantly innovate to stay competitive. Best areas for innovation and research include developing adaptive lighting systems that respond dynamically to environmental conditions and user needs, as well as enhancing the efficacy of human-centric lighting solutions that boost well-being and productivity. Research into sustainable materials and energy storage options can further enhance product offerings. The nature of the market is competitive, with a strong focus on technological innovation, service quality, and strategic partnerships to capitalize on emerging trends. Continuous monitoring of market dynamics and consumer preferences is crucial for businesses aiming to secure a strong foothold in this evolving landscape.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Commercial Lighting Market

The Commercial Lighting Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising infrastructure development with ongoing smart city projects
- Growing use of integrated lighting control systems coupled with acceptance of standard protocols
- Increasing demand for luminaries and LED lighting in commercial outdoor spaces
Market Restraints
- Capital-intensive installation and maintenance of commercial lighting
Market Opportunities
- Surge in the implementation of solar-based and PoE-based lighting solutions
- Robust shift from conventional lighting to smart lighting solutions
Market Challenges
- Concerns relating to security and reliability coupled with interoperability issues

Porter's Five Forces: A Strategic Tool for Navigating the Commercial Lighting Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Commercial Lighting Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Commercial Lighting Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Commercial Lighting Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Commercial Lighting Market

A detailed market share analysis in the Commercial Lighting Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Commercial Lighting Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Commercial Lighting Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Commercial Lighting Market

A strategic analysis of the Commercial Lighting Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Commercial Lighting Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Acuity Brands Lighting, Inc., Alcon Lighting Inc., ams-OSRAM AG, Commercial Lighting Industries, ERCO GmbH, Falcon LED Europe Ltd., GE Lighting, Helvar Merca Oy Ab, Honeywell International Inc., Ideal Industries, Inc., Jaquar Group, LEDVANCE GmbH, Legrand Group, Leviton Manufacturing Co., Inc., LG Electronics Inc., Lowe, Lumega, Lutron Electronics Co., Inc, magineer GmbH, Oregon Commercial Lighting, Panasonic Holdings Corporation, Pro Lighting Group Inc., Progress Lighting by Hubbell Incorporated, proXplus AG, RAB Lighting Inc., Schneider Electric SE, Siemens AG, Signify N.V., SSK Group, Synapse Wireless, Inc., TRILUX GmbH & Co. KG, WAC Lighting, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Commercial Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Offering, market is studied across Hardware, Services, and Software.
Based on Installation Type, market is studied across New Installation and Retrofit Installation.
Based on Communication Technology, market is studied across Wired and Wireless.
Based on End-use Application, market is studied across Indoor and Outdoor.
Based on End-User, market is studied across Government Buildings, Hospitals & Medical Centers, Hotels & Resorts, Office Buildings, Schools & Institutions, Stores & Retail Outlets, and Warehouses & Storage Areas.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-4F4C362637DC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising infrastructure development with ongoing smart city projects
  - 5.1.1.2. Growing use of integrated lighting control systems coupled with acceptance of standard protocols
  - 5.1.1.3. Increasing demand for luminaries and LED lighting in commercial outdoor spaces
- 5.1.2. Restraints
  - 5.1.2.1. Capital-intensive installation and maintenance of commercial lighting
- 5.1.3. Opportunities
  - 5.1.3.1. Surge in the implementation of solar-based and PoE-based lighting solutions
  - 5.1.3.2. Robust shift from conventional lighting to smart lighting solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns relating to security and reliability coupled with interoperability issues
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing integration of software solutions for controlling lights remotely, and smart lighting control systems
- 5.2.2. End-User: Expanding applications of commercial lighting with the expansion of commercial office buildings
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Commercial Lighting Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Commercial Lighting Market, by Installation Type

7.1. Introduction
7.2. New Installation
7.3. Retrofit Installation

8. Commercial Lighting Market, by Communication Technology

8.1. Introduction
8.2. Wired
8.3. Wireless

9. Commercial Lighting Market, by End-use Application

9.1. Introduction
9.2. Indoor
9.3. Outdoor

10. Commercial Lighting Market, by End-User

10.1. Introduction
10.2. Government Buildings
10.3. Hospitals & Medical Centers
10.4. Hotels & Resorts
10.5. Office Buildings
10.6. Schools & Institutions
10.7. Stores & Retail Outlets
10.8. Warehouses & Storage Areas

11. Americas Commercial Lighting Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Commercial Lighting Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Commercial Lighting Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Lumary to launch first 150W Smart UFO LED High Bay Light, which will change the situation of industrial and commercial lighting
- 14.3.2. Zaniboni Lighting Partners with Moxie Lighting to Expand Innovative Architectural Lighting Solutions
- 14.3.3. Legrand Strengthens Commercial Lighting Control Offering With Encelium Acquisition
- 14.3.4. Signify Acquires a U.S. Controls Company
- 14.3.5. CORE Builds Saylite with Vantage Acquisition
- 14.3.6. Brilliance LED Acquires Commercial Lighting Services
- 14.3.7. Acclaim Lighting Partners with Lumentender Control Solutions Inc. to Offer Cloud-Based Lighting Solutions
- 14.3.8. Halco Lighting Technologies Furthers Investment in Core Business; Divests Specialty Lighting Business
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. Acuity Brands Lighting, Inc.
3. Alcon Lighting Inc.
4. ams-OSRAM AG
5. Commercial Lighting Industries
6. ERCO GmbH
7. Falcon LED Europe Ltd.
8. GE Lighting
9. Helvar Merca Oy Ab
10. Honeywell International Inc.
11. Ideal Industries, Inc.
12. Jaquar Group
13. LEDVANCE GmbH
14. Legrand Group
15. Leviton Manufacturing Co., Inc.
16. LG Electronics Inc.
17. Lowe
18. Lumega
19. Lutron Electronics Co., Inc
20. magineer GmbH
21. Oregon Commercial Lighting
22. Panasonic Holdings Corporation
23. Pro Lighting Group Inc.
24. Progress Lighting by Hubbell Incorporated
25. proXplus AG
26. RAB Lighting Inc.
27. Schneider Electric SE
28. Siemens AG
29. Signify N.V.
30. SSK Group
31. Synapse Wireless, Inc.
32. TRILUX GmbH & Co. KG
33. WAC Lighting
34. Wipro Limited