The Commercial Lighting Market Size was valued at USD 13.97 Billion in 2023 and is expected to reach USD 79.47 Billion by 2032 and grow at a CAGR of 21.36% over the forecast period 2024-2032. The commercial Lighting Market is operating at a high-capacity utilization owing to the demand for LED fixtures and smart lighting solutions. The movement towards wireless systems is enabling easier adoption of new communication technologies to provide flexibility and integration into IoT platforms. Trends in energy efficiency center on LED adoption & sustainability initiatives aimed at decreasing power consumption. The trend of automation & sensor-based lighting is growing in the present days and is focusing upon the implementation of motion sensors, daylight harvesting, and IoT-based controls, helping commercial spaces to utilize energy in a better way and providing user convenience too. Regulations from the U.S. government are driving the replacement of obsolete lighting, with the goal of 100% all-LED sales by 2025. Expected demand from legislation aimed at phasing out 4-foot linear fluorescents by 2024 will help further drive growth in the LED category. In this case, around 51.4% of installations of outdoor lighting units in the U.S. contain LED technology, and indoor range accounts for some 29.8%.
The U.S. Commercial Lighting Market is estimated to be USD 4.25 Billion in 2023 and is projected to grow at a CAGR of 21.18%. Several factors are fuelling the growth of the U.S. Commercial Lighting Market including the increasing penetration of LED lights, stringent energy efficiency regulations, the growing need for smart lighting solutions, the proliferation of wireless communication technologies, and the growing adoption of automation based on sensors.
Key Drivers:
Smart and Sustainable Commercial Lighting Revolution Driven by LED Adoption and IoT Integration
The rising need for efficient commercial lighting solutions to lower operating costs and comply with strict environmental regulations is driving the commercial lighting market. It is fueled primarily by the transition to LED technology characterized by increased long lifetimes and lower energy consumption when compared to conventional lighting. Furthermore, the maturation of smart lighting systems is driven by Internet of Things (IoT) technology, which drives demand for connected and automated lighting systems. These systems offer improved control, flexibility, and more optimized energy consumption, which is leading to increased adoption in new builds and retrofit use cases alike.
Restrain:
Challenges in Commercial Lighting Market Due to Slow Adoption Infrastructure Gaps and Regulatory Complexities
The gradual adoption of advanced lighting technologies in some areas is one of the major restraints for the commercial lighting market. Although developed economies are at the forefront of moving to energy-efficient solutions, emerging markets may struggle due to infrastructure and education that are not prevalent. Incorporating smart lighting systems, which necessitate advanced control technology and synergy with other systems, can be impeded by a lack of technical solutions and a lack of interoperability with existing won infrastructure. Moreover, various regions have regulatory complexities that could further slow the expansion of this market as governments around the world develop different, and perhaps inconsistent, standards or requirements for energy efficiency that could stifle global reception of new technologies.
Opportunity:
Wireless Technology and Smart Cities Drive Growth in Energy Efficient Commercial Lighting Solutions
The commercial lighting market is expected to have various channels for market growth mainly in wireless communication technologies as well as outdoor lighting applications. Wireless lighting control systems are becoming increasingly popular as they can be easily installed and scaled, providing an affordable option for businesses looking to upgrade their lighting systems. In addition, the drive-through smart cities movement and sustainable urban infrastructure require high-end outdoor lighting solutions like smart street and energy savings landscape lighting to serve the shifting smart cities solution in different regions, generating a significant opportunity for these markets. With sustainability and energy conservation strategies gaining prominence among governments and corporations, the commercial lighting market is poised to make steady strides by replacing traditional solutions with innovative, smart, and energy-efficient solutions in several end-use applications.
Challenges:
Standardization Security and Maintenance Challenges Hinder Widespread Adoption of Smart Commercial Lighting Solutions
Another concern seen throughout the commercial lighting space is that the ever-growing technology can pose issues with standardization or adaptivity from the consumer level. As the dynamics of lighting technologies are changing constantly, staying up to date with the best-performing, most efficient products and solutions can be quite a challenge for businesses. In addition, the security threats posed to connected lighting systems and the continuous maintenance required for complex smart lighting setups can deter businesses from implementing these technologies. However, with these challenges presented, resolving them would be key for mass adoption and sustainable growth of the market as it matures.
By Installation Type
The commercial lighting market was led by the New Installations segment, with a market share of 59.7%, in 2023 due to continuous construction activities and a growing demand for modern, energy-efficient lighting systems in newly constructed commercial buildings. This segment contains the installation of modern lighting systems like LED and smart lighting where the cost efficiency and long life span of this system are driving the demand.
From 2024 to 2032, Retrofit Installations will record the fastest CAGR. This growth is driven by the growing need to replace the existing & traditional lighting with energy-efficient, sustainable lighting. A large portion of the businesses and commercial establishments that adopt energy efficiency standards and reduce operational costs are replacing their existing systems with retrofitted solutions. This trend is specifically relevant due to the modern focus on sustainability and cost-effective energy solutions; retrofit installations are massively popular among older buildings seeking to replace their existing lighting systems without doing a full renovation.
By Offering
The commercial lighting market was dominated by Hardware having a 73.7% market share in 2023. This activity is largely supported by the increasing deployment of conventional lighting components like bulbs, and fixtures, as well as control facilities in commercial places. Even though there have been significant advancements in LED and energy-efficient lighting technology, hardware solutions are still a crucial part of the market. Hardware generates more revenue in the market because businesses and commercial establishments prefer to replace outdated physical lighting infrastructure to save energy and achieve sustainability targets.
The software segment is anticipated to exhibit the highest CAGR during 2024 and 2032. This expansion is being propelled in part by the growing implementation of smart lighting systems, which can have broad control, automation, and optimization capabilities with the right software. Businesses can take advantage of energy management, lighting controls, and IoT integration through software solutions, providing them with more flexibility, efficiency, and savings. With commercial space becoming more connected and intelligent, the system layer of its software is also an area that will need increasingly sophisticated solutions for the lighting experience to be complete.
By Communication Technology
The segment of wired communication technology accounted for 63.7% of the commercial lighting market in 2023. Wired networks are, however, popular because of their reliability, already-implemented infrastructure, and lower upfront installation costs. These systems have powered the majority of commercial lighting designs for decades, with high reliability and a solid, dependable connection. This, coupled with ease of integration into existing lighting infrastructures and performance consistency with no interference, ensures their continued dominance.
Wireless communication technology is projected to witness the fastest CAGR from 2024 to 2032. A growing need for greater flexibility, ease of installation, and scalability in commercial lighting systems is pushing the industry to implement wireless solutions. IoT allows for the connection of smart lighting networks, enabling a smooth wireless systems integration experience that contributes to better control, energy efficiency, and remote management capabilities. Wireless technologies are expected to grow rapidly as more businesses realize the benefits of adopting smart, connected lighting solutions.
By End-use
The Indoor lighting applications segment held the larger market share of 68.9% during 2023 in the commercial lighting market. These constructions primarily reflect the ongoing need for energy-efficient lighting in offices, retail, warehouses, and other indoor commercial buildings. Particularly, energy-efficient indoor lighting systems such as LEDs play an important role in energy optimization and enhancing the indoor ambiance. The indoor lighting segment still accounts for a large part of the market due to its continuous focus on smart and sustainable building development.
Between 2024 and 2032, outdoor lighting is forecast to grow at the fastest CAGR. Outdoor lighting applications are witnessing growth due to the increasing demand for smart city infrastructure, public safety, and energy-efficient street lighting solutions. The outdoor segment is anticipated to grow rapidly due to the increasing shift for sustainable outdoor solutions by municipalities and commercial properties, where smart streetlights & energy-efficient lighting are becoming a prominent phenomenon for parking lots, roads & public spaces.
The commercial lighting market in North America held the largest market share at 36.8% in 2023, due to the rapid adoption of energy-efficient lighting solutions and government initiatives for the sustainability of the environment. Its leadership in the region is attributed to the solid infrastructure development in the region, swift transportation of smart lighting technologies, and rigorous energy regulations. Strong investments in smart commercial buildings and LED retrofitting projects have taken place across the U.S. and Canada. The New York City LED streetlight project and the California Energy Commission's energy efficiency milestone policies, for example, have both moved lighting technology in the commercial market much more rapidly. Moreover, other big companies like Acuity Brands and Cree Lighting are leading smart & connected lighting solutions in North America.
Asia-Pacific is projected to register the highest CAGR during the forecast period (2024-2032), owing to rapid urbanization, smart city projects, and government policies supporting energy-efficient lighting. Nations like China, India, and Japan are spending a lot of money on the adoption of LED and smart lighting systems. Examples of this include the extensive LED substitution schemes of China and India's central government-sponsored UJALA program for the distribution of LED lighting at scale. Apart from this, the rising demand across the region is supported by the presence of smart city projects across Singapore and South Korea that integrate Internet of Things (IoT)-based streetlights with installations of intelligent lighting control systems.
Some of the major players in the Commercial Lighting Market are:
Philips Lighting (Signify) (Philips Hue)
Acuity Brands (nLight® lighting control system)
GE Lighting (Cync Smart Undercabinet Fixtures)
Osram (Osram Sylvania)
Cree Lighting (SmartCast® Intelligence Platform)
Eaton Lighting (Ephesus sports lighting system)
Hubbell Lighting (LED floodlights)
Litetronics International (LED retrofit kits)
Cooper Lighting Solutions (WaveLinx lighting control system)
Zumtobel Group (Zumtobel Light Centre)
Panasonic (Smart Wi-Fi LED Bulb)
Toshiba Lighting (E-Core LED bulb)
RAB Lighting (Outdoor LED lighting fixtures)
Thorn Lighting (Architectural floodlighting)
Nanoleaf (Shapes LED light panels)
In February 2024, Panasonic Life Solutions India opened a new lighting manufacturing facility in Daman to enhance domestic production and strengthen its market presence.
In July 2024, GE Lighting, a Savant company, partnered with SmartThings to enhance smart home lighting with Matter-compatible Cync reveal HD+ Full-Color Undercabinet Fixtures. This collaboration enables seamless integration, customizable lighting, and advanced smart home control via the SmartThings app.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 13.97 Billion |
| Market Size by 2032 | USD 79.47 Billion |
| CAGR | CAGR of 21.36% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Installation Type (New Installations, Retrofit Installation) • By Offering (Hardware, Software, Services) • By Communication Technology (Wired, Wireless) • By End-use (Indoor, Outdoor) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Philips Lighting (Signify), Acuity Brands, GE Lighting, Osram, Cree Lighting, Eaton Lighting, Hubbell Lighting, Litetronics International, Cooper Lighting Solutions, Zumtobel Group, Panasonic, Toshiba Lighting, RAB Lighting, Thorn Lighting, Nanoleaf. |
Ans: The Commercial Lighting Market is expected to grow at a CAGR of 21.36%.
Ans: The Commercial Lighting Market size was USD 13.97 billion in 2023 and is expected to Reach USD 79.47 billion by 2032.
Ans: The major key drivers for the growth of the Commercial Lighting Market include the rising adoption of energy-efficient LED lighting, smart lighting technologies, government regulations for energy conservation, rapid urbanization, and increasing investments in smart building infrastructure.
Ans: The New Installations segment dominated the Commercial Lighting market in 2023.
Ans: In 2023, the North American region led the Commercial Lighting market, capturing approximately 36.84% of the total market share.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Commercial Lighting Capacity Utilization
5.2 Communication Technology Adoption
5.3 Energy Efficiency & Smart Lighting Trends
5.4 Automation & Sensor-Based Lighting Adoption
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Commercial Lighting Market Segmentation, By Installation Type
7.1 Chapter Overview
7.2 New Installations
7.2.1 New Installations Market Trends Analysis (2020-2032)
7.2.2 New Installations Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Retrofit Installation
7.3.1 Retrofit Installation Market Trends Analysis (2020-2032)
7.3.2 Retrofit Installation Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Commercial Lighting Market Segmentation, By Offering
8.1 Chapter Overview
8.2 Hardware
8.2.1 Hardware Market Trends Analysis (2020-2032)
8.2.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Software
8.3.1 Software Market Trends Analysis (2020-2032)
8.3.2 Software Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Services
8.4.1 Services Market Trends Analysis (2020-2032)
8.4.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Commercial Lighting Market Segmentation, By Communication Technology
9.1 Chapter Overview
9.2 Wired
9.2.1 Wired Market Trends Analysis (2020-2032)
9.2.2 Wired Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Wireless
9.3.1 Wireless Market Trends Analysis (2020-2032)
9.3.2 Wireless Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Commercial Lighting Market Segmentation, By End-use
10.1 Chapter Overview
10.2 Indoor
10.2.1 Indoor Market Trends Analysis (2020-2032)
10.2.2 Indoor Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Outdoor
10.3.1 Outdoor Market Trends Analysis (2020-2032)
10.3.2 Outdoor Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.2.4 North America Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.5 North America Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.2.6 North America Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.2.7.2 USA Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.7.3 USA Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.2.7.4 USA Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.2.8.2 Canada Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.8.3 Canada Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.2.8.4 Canada Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.2.9.2 Mexico Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.9.3 Mexico Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.2.9.4 Mexico Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.7.2 Poland Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.7.3 Poland Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.7.4 Poland Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.8.2 Romania Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.8.3 Romania Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.8.4 Romania Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.4 Western Europe Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.5 Western Europe Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.6 Western Europe Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.7.2 Germany Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.7.3 Germany Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.7.4 Germany Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.8.2 France Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.8.3 France Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.8.4 France Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.9.2 UK Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.9.3 UK Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.9.4 UK Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.10.2 Italy Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.10.3 Italy Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.10.4 Italy Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.11.2 Spain Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.11.3 Spain Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.11.4 Spain Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.14.2 Austria Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.14.3 Austria Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.14.4 Austria Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4 Asia-Pacific
11.4.1 Trends Analysis
11.4.2 Asia-Pacific Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.4 Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.5 Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.6 Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.7.2 China Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.7.3 China Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.7.4 China Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.8.2 India Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.8.3 India Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.8.4 India Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.9.2 Japan Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.9.3 Japan Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.9.4 Japan Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.10.2 South Korea Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.10.3 South Korea Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.10.4 South Korea Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.11.2 Vietnam Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.11.3 Vietnam Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.11.4 Vietnam Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.12.2 Singapore Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.12.3 Singapore Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.12.4 Singapore Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.13.2 Australia Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.13.3 Australia Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.13.4 Australia Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia-Pacific Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.4 Middle East Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.5 Middle East Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.6 Middle East Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.7.2 UAE Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.7.3 UAE Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.7.4 UAE Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.2.4 Africa Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.5 Africa Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.2.6 Africa Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Commercial Lighting Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.6.4 Latin America Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.5 Latin America Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.6.6 Latin America Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.6.7.2 Brazil Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.7.3 Brazil Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.6.7.4 Brazil Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.6.8.2 Argentina Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.8.3 Argentina Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.6.8.4 Argentina Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.6.9.2 Colombia Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.9.3 Colombia Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.6.9.4 Colombia Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Commercial Lighting Market Estimates and Forecasts, By Installation Type (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Commercial Lighting Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Commercial Lighting Market Estimates and Forecasts, By Communication Technology (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Commercial Lighting Market Estimates and Forecasts, By End-use (2020-2032) (USD Billion)
12. Company Profiles
12.1 Philips Lighting
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Acuity Brands
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 GE Lighting
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Osram
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Cree Lighting
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Eaton Lighting.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Hubbell Lighting
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Litetronics International.
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Cooper Lighting Solutions
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Zumtobel Group.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Installation Type
New Installations
Retrofit Installation
By Offering
Hardware
Software
Services
By Communication Technology
Wired
Wireless
By End-use
Indoor
Outdoor
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Regional Coverage:
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US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
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Competitive Product Benchmarking
Geographic Analysis
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Detailed analysis and profiling of additional market players
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