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Industrial Lighting Market size was valued at USD 6.75 billion in 2023 and is expected to grow to USD 13.11 billion by 2032 and grow at a CAGR of 7.66 % over the forecast period of 2024-2032.
The lights must be on in order for industry to continue to function. However, industrial lighting also involves illuminating public areas in addition to large spaces, machinery, and manufacturing lines. Lighting require it to perform their duties. Even with the most advanced tools, cutting-edge infrastructure, and essential signage in place, productivity can be negatively impacted by the incorrect colour temperature or intensity in precise environments.
Additionally, smart lighting can be utilized to reduce lighting in areas and times where it is not needed. excellent industrial lighting. In production locations like factories, chemical plants, or refineries, industrial illumination is typically present. For recognizing dangers and other risky situations, industrial illumination can be especially useful. For manufacturing facilities, which typically have larger floor plans, industrial lighting also tends to be more energy efficient. Proper and effective lighting has numerous advantages, including increased efficiency and accuracy, enhanced security, and increased worker safety and working conditions.
The manufacturers of lighting systems are always making investments to increase their effectiveness and to provide new products in a variety of categories, including flood, area, emergency, hazardous, and non-hazardous lighting.
KEY DRIVERS:
Increasing demand for energy efficient lighting device
Increasing awareness about benefits of LED lights
In daily tasks, lights are indispensable. The creation of light has radically altered the course of human history. However, many people are still unsure of the proper type of lighting to utilize. Light emitting diodes, or LEDs, are devices that can transform electrical energy into light energy. The usage of LED lighting in industrial settings is becoming increasingly common. This is due to the Compared to traditional lighting, industrial LED lighting offers a wide range of advantages, including greater efficiency and dependability, a longer shelf life, reduced power consumption, and a compact and robust design.
RESTRAIN:
High Initial capital Investment
OPPORTUNITY:
Rapid Urbanization
Development in infrastructure and industrialization
Growing e-commerce industry demand
The industrial lighting market will benefit from rising e-commerce industry demand, which will bring about profitable chances. Warehouses and cold storage facilities account for a large portion of the market for industrial lighting. This sector holds more than a third of the market share. The global catastrophe brought on by the COVID-19 epidemic has caused a change in consumer buying patterns in favor of online shopping. This development has led to an increase in the number of product storage facilities, including warehouses and other industrial facilities. the expansion of warehouses, Storage facilities will have a big impact on how much demand there is for industrial lighting.
CHALLENGES:
Lack of Standardization
The expansion of the industrial lighting industry will be significantly hampered by the absence of standardization, though. The market for industrial lighting will also be constrained by significant initial capital expenditures. The installation applications' complications will further slow the market's expansion for industrial lighting.
The year 2022 will go down in history for the energy sector as the one when Russia's invasion of Ukraine sped up a world energy catastrophe. The invasion and the ensuing Western sanctions increased pressure on oil and gas supplies, which were already under stress from the pandemic's quick economic recovery. The biggest energy firms in the world made a fast exit from Russia and wrote off asset’s worth tens of billions of dollars. European nations raced to keep the lights on and save their citizens from freezing to death.
By Installation Type
New Installation
Replacement Installation
Retrofit Installation
By Product
Industrial Linear Lighting
Spot Lighting
Flood Lighting/Area Lighting
High Bay Lighting
By Light Source
LED Lighting
High Intensity Discharge (HID) Lighting
Fluorescent Lighting
Others
By Offering
Lamps & Luminaires
Control Systems
Services
By Application
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
The significant growth in industrial lighting sales in North America over the previous several years, a number of industry participants have pushed for the creation of fresh, superior designs. Manufacturing companies are working to create products that are durable and require little upkeep while being used.
Because it has a large number of small to medium producers and is widely accessible for after-sales advantages, the United States is a driving force in industrial lighting. The market will expand significantly throughout the anticipated period as a result of the e-Commerce boom, the pharmaceutical industry's demand for vaccines, and other factors manufacturing of antiviral medications. In the predicted year of 2022, the U.S. will have a sizable value share of roughly 16.1%.
At a CAGR of 6% throughout the projection period, Asia-Pacific is expected to hold the greatest market share of USD 4591 million by 2030. In 2021, the Asia-Pacific market was worth USD 2672 million. Due to the region's growing infrastructure needs and need for energy-efficient lighting technology, the Asia-Pacific region is expected to see significant deployment over the course of the projection period.
With revenue of USD 1729 million in 2021, Europe is the second-largest contributor to the industrial lighting market. The policy actions of the European Union prohibited the sales of inefficient lighting technology for a number of years. Halogen non-directional lamps were also prohibited from sale in the area. These types of legislative actions enable industrial users to progressively switch from conventional lighting products to those based on LED technology.
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REGIONAL 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
The key players operating across the vaiue chain of the market are Phillips Lighting Holding B.V. (Netherlands), Hubbell Lighting, Inc. (US), Emerson (US), Legrand (France), Acuity Brands Lighting, Inc. (US), TOYODA GOSEI Co., Ltd (Japan), Cree, Inc. (US), General Electric (US), Osram Licht AG (Germany), and Zumtobel Group (Austria)and other players are listed in a final report.
Cree LED introduced the XLamp Element G LEDs in June 2022, ushering in a new product category with exceptionally high light output and efficiency for LEDs of this size. The XLamp Element G LEDs are the newest addition to the lighting lineup from Cree LED technologies that enable unprecedented levels of accuracy and control for optical performance and optimum light output.
October 2021 saw the release of the Ultra-Efficient Vigilant LED High Bay, a highly effective lighting fixture with a heavy industrial rating. It is anticipated to be a green lighting option for industrial settings, providing a quicker return on investment than the previous Dialight High Bay versions, up to a year sooner.
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.75 Bn |
| Market Size by 2032 | US$ 13.11 Bn |
| CAGR | CAGR of 7.66% 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 Installation, Replacement Installation, Retrofit Installation) • By Product (Industrial Linear Lighting, Spot Lighting, Flood Lighting/Area Lighting, High Bay Lighting) • By Light Source (LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting, Others) • By Offering (Lamps & Luminaires, Control Systems, Services) • By Application (Warehouse & Cold Storage, Factory & Production Lines, Outer Premises, Parking Areas, Hazardous Locations, Others) |
| 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 | Phillips Lighting Holding B.V. (Netherlands), Hubbell Lighting, Inc. (US), Emerson (US), Legrand (France), Acuity Brands Lighting, Inc. (US), TOYODA GOSEI Co., Ltd (Japan), Cree, Inc. (US), General Electric (US), Osram Licht AG (Germany), and Zumtobel Group (Austria) |
| Key Drivers | • Increasing demand for energy efficient lighting device • Increasing awareness about benefits of LED lights |
| Market Restraints | • High Initial capital Investment |
Ans: Industrial Lighting Market is anticipated to expand by 7.66 % from 2024 to 2031.
Ans: USD 12.2 billion is expected to grow by 2031.
Ans: Industrial Lighting Market size was valued at USD 6.75 billion in 2023
Ans: Asia-Pacific is dominating the market.
Ans: Rapid Urbanization, Development in infrastructure and industrialization and Growing e-commerce industry demand.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Lighting Market Segmentation, By Installation Type
8.1 New Installation
8.2 Replacement Installation
8.3 Retrofit Installation
9. Industrial Lighting Market Segmentation, By Product
9.1 Industrial Linear Lighting
9.2 Spot Lighting
9.3 Flood Lighting/Area Lighting
9.4 High Bay Lighting
10. Industrial Lighting Market Segmentation, By Light Source
10.1 LED Lighting
10.2 High Intensity Discharge (HID) Lighting
10.3 Fluorescent Lighting
10.4 Others
11. Industrial Lighting Market Segmentation, By Offering
11.1 Lamps & Luminaires
11.2 Control Systems
11.3 Services
12. Industrial Lighting Market Segmentation, By Application
12.1 Warehouse & Cold Storage
12.2 Factory & Production Lines
12.3 Outer Premises
12.4 Parking Areas
12.5 Hazardous Locations
12.6 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Industrial Lighting Market by Country
13.2.2 North America Industrial Lighting Market by Installation Type
13.2.3 North America Industrial Lighting Market by Product
13.2.4 North America Industrial Lighting Market by Light Source
13.2.5 North America Industrial Lighting Market by Offering
13.2.6 North America Industrial Lighting Market by Application
13.2.7 USA
13.2.7.1 USA Industrial Lighting Market by Installation Type
13.2.7.2 USA Industrial Lighting Market by Product
13.2.7.3 USA Industrial Lighting Market by Light Source
13.2.7.4 USA Industrial Lighting Market by Offering
13.2.7.5 USA Industrial Lighting Market by Application
13.2.8 Canada
13.2.8.1 Canada Industrial Lighting Market by Installation Type
13.2.8.2 Canada Industrial Lighting Market by Product
13.2.8.3 Canada Industrial Lighting Market by Light Source
13.2.8.4 Canada Industrial Lighting Market by Offering
13.2.8.5 Canada Industrial Lighting Market by Application
13.2.9 Mexico
13.2.9.1 Mexico Industrial Lighting Market by Installation Type
13.2.9.2 Mexico Industrial Lighting Market by Product
13.2.9.3 Mexico Industrial Lighting Market by Light Source
13.2.9.4 Mexico Industrial Lighting Market by Offering
13.2.9.5 Mexico Industrial Lighting Market by Application
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Industrial Lighting Market by Country
13.3.1.2 Eastern Europe Industrial Lighting Market by Installation Type
13.3.1.3 Eastern Europe Industrial Lighting Market by Product
13.3.1.4 Eastern Europe Industrial Lighting Market by Light Source
13.3.1.5 Eastern Europe Industrial Lighting Market by Offering
13.3.1.6 Eastern Europe Industrial Lighting Market by Application
13.3.1.7 Poland
13.3.1.7.1 Poland Industrial Lighting Market by Installation Type
13.3.1.7.2 Poland Industrial Lighting Market by Product
13.3.1.7.3 Poland Industrial Lighting Market by Light Source
13.3.1.7.4 Poland Industrial Lighting Market by Offering
13.3.1.7.5 Poland Industrial Lighting Market by Application
13.3.1.8 Romania
13.3.1.8.1 Romania Industrial Lighting Market by Installation Type
13.3.1.8.2 Romania Industrial Lighting Market by Product
13.3.1.8.3 Romania Industrial Lighting Market by Light Source
13.3.1.8.4 Romania Industrial Lighting Market by Offering
13.3.1.8.5 Romania Industrial Lighting Market by Application
13.3.1.9 Hungary
13.3.1.9.1 Hungary Industrial Lighting Market by Installation Type
13.3.1.9.2 Hungary Industrial Lighting Market by Product
13.3.1.9.3 Hungary Industrial Lighting Market by Light Source
13.3.1.9.4 Hungary Industrial Lighting Market by Offering
13.3.1.9.5 Hungary Industrial Lighting Market by Application
13.3.1.10 Turkey
13.3.1.10.1 Turkey Industrial Lighting Market by Installation Type
13.3.1.10.2 Turkey Industrial Lighting Market by Product
13.3.1.10.3 Turkey Industrial Lighting Market by Light Source
13.3.1.10.4 Turkey Industrial Lighting Market by Offering
13.3.1.10.5 Turkey Industrial Lighting Market by Application
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Industrial Lighting Market by Installation Type
13.3.1.11.2 Rest of Eastern Europe Industrial Lighting Market by Product
13.3.1.11.3 Rest of Eastern Europe Industrial Lighting Market by Light Source
13.3.1.11.4 Rest of Eastern Europe Industrial Lighting Market by Offering
13.3.1.11.5 Rest of Eastern Europe Industrial Lighting Market by Application
13.3.2 Western Europe
13.3.2.1 Western Europe Industrial Lighting Market by Country
13.3.2.2 Western Europe Industrial Lighting Market by Installation Type
13.3.2.3 Western Europe Industrial Lighting Market by Product
13.3.2.4 Western Europe Industrial Lighting Market by Light Source
13.3.2.5 Western Europe Industrial Lighting Market by Offering
13.3.2.6 Western Europe Industrial Lighting Market by Application
13.3.2.7 Germany
13.3.2.7.1 Germany Industrial Lighting Market by Installation Type
13.3.2.7.2 Germany Industrial Lighting Market by Product
13.3.2.7.3 Germany Industrial Lighting Market by Light Source
13.3.2.7.4 Germany Industrial Lighting Market by Offering
13.3.2.7.5 Germany Industrial Lighting Market by Application
13.3.2.8 France
13.3.2.8.1 France Industrial Lighting Market by Installation Type
13.3.2.8.2 France Industrial Lighting Market by Product
13.3.2.8.3 France Industrial Lighting Market by Light Source
13.3.2.8.4 France Industrial Lighting Market by Offering
13.3.2.8.5 France Industrial Lighting Market by Application
13.3.2.9 UK
13.3.2.9.1 UK Industrial Lighting Market by Installation Type
13.3.2.9.2 UK Industrial Lighting Market by Product
13.3.2.9.3 UK Industrial Lighting Market by Light Source
13.3.2.9.4 UK Industrial Lighting Market by Offering
13.3.2.9.5 UK Industrial Lighting Market by Application
13.3.2.10 Italy
13.3.2.10.1 Italy Industrial Lighting Market by Installation Type
13.3.2.10.2 Italy Industrial Lighting Market by Product
13.3.2.10.3 Italy Industrial Lighting Market by Light Source
13.3.2.10.4 Italy Industrial Lighting Market by Offering
13.3.2.10.5 Italy Industrial Lighting Market by Application
13.3.2.11 Spain
13.3.2.11.1 Spain Industrial Lighting Market by Installation Type
13.3.2.11.2 Spain Industrial Lighting Market by Product
13.3.2.11.3 Spain Industrial Lighting Market by Light Source
13.3.2.11.4 Spain Industrial Lighting Market by Offering
13.3.2.11.5 Spain Industrial Lighting Market by Application
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Industrial Lighting Market by Installation Type
13.3.2.12.2 Netherlands Industrial Lighting Market by Product
13.3.2.12.3 Netherlands Industrial Lighting Market by Light Source
13.3.2.12.4 Netherlands Industrial Lighting Market by Offering
13.3.2.12.5 Netherlands Industrial Lighting Market by Application
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Industrial Lighting Market by Installation Type
13.3.2.13.2 Switzerland Industrial Lighting Market by Product
13.3.2.13.3 Switzerland Industrial Lighting Market by Light Source
13.3.2.13.4 Switzerland Industrial Lighting Market by Offering
13.3.2.13.5 Switzerland Industrial Lighting Market by Application
13.3.2.14 Austria
13.3.2.14.1 Austria Industrial Lighting Market by Installation Type
13.3.2.14.2 Austria Industrial Lighting Market by Product
13.3.2.14.3 Austria Industrial Lighting Market by Light Source
13.3.2.14.4 Austria Industrial Lighting Market by Offering
13.3.2.14.5 Austria Industrial Lighting Market by Application
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Industrial Lighting Market by Installation Type
13.3.2.15.2 Rest of Western Europe Industrial Lighting Market by Product
13.3.2.15.3 Rest of Western Europe Industrial Lighting Market by Light Source
13.3.2.15.4 Rest of Western Europe Industrial Lighting Market by Offering
13.3.2.15.5 Rest of Western Europe Industrial Lighting Market by Application
13.4 Asia-Pacific
13.4.1 Asia Pacific Industrial Lighting Market by Country
13.4.2 Asia Pacific Industrial Lighting Market by Installation Type
13.4.3 Asia Pacific Industrial Lighting Market by Product
13.4.4 Asia Pacific Industrial Lighting Market by Light Source
13.4.5 Asia Pacific Industrial Lighting Market by Offering
13.4.6 Asia Pacific Industrial Lighting Market by Application
13.4.7 China
13.4.7.1 China Industrial Lighting Market by Installation Type
13.4.7.2 China Industrial Lighting Market by Product
13.4.7.3 China Industrial Lighting Market by Light Source
13.4.7.4 China Industrial Lighting Market by Offering
13.4.7.5 China Industrial Lighting Market by Application
13.4.8 India
13.4.8.1 India Industrial Lighting Market by Installation Type
13.4.8.2 India Industrial Lighting Market by Product
13.4.8.3 India Industrial Lighting Market by Light Source
13.4.8.4 India Industrial Lighting Market by Offering
13.4.8.5 India Industrial Lighting Market by Application
13.4.9 Japan
13.4.9.1 Japan Industrial Lighting Market by Installation Type
13.4.9.2 Japan Industrial Lighting Market by Product
13.4.9.3 Japan Industrial Lighting Market by Light Source
13.4.9.4 Japan Industrial Lighting Market by Offering
13.4.9.5 Japan Industrial Lighting Market by Application
13.4.10 South Korea
13.4.10.1 South Korea Industrial Lighting Market by Installation Type
13.4.10.2 South Korea Industrial Lighting Market by Product
13.4.10.3 South Korea Industrial Lighting Market by Light Source
13.4.10.4 South Korea Industrial Lighting Market by Offering
13.4.10.5 South Korea Industrial Lighting Market by Application
13.4.11 Vietnam
13.4.11.1 Vietnam Industrial Lighting Market by Installation Type
13.4.11.2 Vietnam Industrial Lighting Market by Product
13.4.11.3 Vietnam Industrial Lighting Market by Light Source
13.4.11.4 Vietnam Industrial Lighting Market by Offering
13.4.11.5 Vietnam Industrial Lighting Market by Application
13.4.12 Singapore
13.4.12.1 Singapore Industrial Lighting Market by Installation Type
13.4.12.2 Singapore Industrial Lighting Market by Product
13.4.12.3 Singapore Industrial Lighting Market by Light Source
13.4.12.4 Singapore Industrial Lighting Market by Offering
13.4.12.5 Singapore Industrial Lighting Market by Application
13.4.13 Australia
13.4.13.1 Australia Industrial Lighting Market by Installation Type
13.4.13.2 Australia Industrial Lighting Market by Product
13.4.13.3 Australia Industrial Lighting Market by Light Source
13.4.13.4 Australia Industrial Lighting Market by Offering
13.4.13.5 Australia Industrial Lighting Market by Application
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Industrial Lighting Market by Installation Type
13.4.14.2 APAC Industrial Lighting Market by Product
13.4.14.3 APAC Industrial Lighting Market by Light Source
13.4.14.4 APAC Industrial Lighting Market by Offering
13.4.14.5 APAC Industrial Lighting Market by Application
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Industrial Lighting Market By country
13.5.1.2 Middle East Industrial Lighting Market by Installation Type
13.5.1.3 Middle East Industrial Lighting Market by Product
13.5.1.4 Middle East Industrial Lighting Market by Light Source
13.5.1.5 Middle East Industrial Lighting Market by Offering
13.5.1.6 Middle East Industrial Lighting Market by Application
13.5.1.7 UAE
13.5.1.7.1 UAE Industrial Lighting Market by Installation Type
13.5.1.7.2 UAE Industrial Lighting Market by Product
13.5.1.7.3 UAE Industrial Lighting Market by Light Source
13.5.1.7.4 UAE Industrial Lighting Market by Offering
13.5.1.7.5 UAE Industrial Lighting Market by Application
13.5.1.8 Egypt
13.5.1.8.1 Egypt Industrial Lighting Market by Installation Type
13.5.1.8.2 Egypt Industrial Lighting Market by Product
13.5.1.8.3 Egypt Industrial Lighting Market by Light Source
13.5.1.8.4 Egypt Industrial Lighting Market by Offering
13.5.1.8.5 Egypt Industrial Lighting Market by Application
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Industrial Lighting Market by Installation Type
13.5.1.9.2 Saudi Arabia Industrial Lighting Market by Product
13.5.1.9.3 Saudi Arabia Industrial Lighting Market by Light Source
13.5.1.9.4 Saudi Arabia Industrial Lighting Market by Offering
13.5.1.9.5 Saudi Arabia Industrial Lighting Market by Application
13.5.1.10 Qatar
13.5.1.10.1 Qatar Industrial Lighting Market by Installation Type
13.5.1.10.2 Qatar Industrial Lighting Market by Product
13.5.1.10.3 Qatar Industrial Lighting Market by Light Source
13.5.1.10.4 Qatar Industrial Lighting Market by Offering
13.5.1.10.5 Qatar Industrial Lighting Market by Application
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Industrial Lighting Market by Installation Type
13.5.1.11.2 Rest of Middle East Industrial Lighting Market by Product
13.5.1.11.3 Rest of Middle East Industrial Lighting Market by Light Source
13.5.1.11.4 Rest of Middle East Industrial Lighting Market by Offering
13.5.1.11.5 Rest of Middle East Industrial Lighting Market by Application
13.5.2 Africa
13.5.2.1 Africa Industrial Lighting Market by Country
13.5.2.2 Africa Industrial Lighting Market by Installation Type
13.5.2.3 Africa Industrial Lighting Market by Product
13.5.2.4 Africa Industrial Lighting Market by Light Source
13.5.2.5 Africa Industrial Lighting Market by Offering
13.5.2.6 Africa Industrial Lighting Market by Application
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Industrial Lighting Market by Installation Type
13.5.2.7.2 Nigeria Industrial Lighting Market by Product
13.5.2.7.3 Nigeria Industrial Lighting Market by Light Source
13.5.2.7.4 Nigeria Industrial Lighting Market by Offering
13.5.2.7.5 Nigeria Industrial Lighting Market by Application
13.5.2.8 South Africa
13.5.2.8.1 South Africa Industrial Lighting Market by Installation Type
13.5.2.8.2 South Africa Industrial Lighting Market by Product
13.5.2.8.3 South Africa Industrial Lighting Market by Light Source
13.5.2.8.4 South Africa Industrial Lighting Market by Offering
13.5.2.8.5 South Africa Industrial Lighting Market by Application
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Industrial Lighting Market by Installation Type
13.5.2.9.2 Rest of Africa Industrial Lighting Market by Product
13.5.2.9.3 Rest of Africa Industrial Lighting Market by Light Source
13.5.2.9.4 Rest of Africa Industrial Lighting Market by Offering
13.5.2.9.5 Rest of Africa Industrial Lighting Market by Application
13.6 Latin America
13.6.1 Latin America Industrial Lighting Market by Country
13.6.2 Latin America Industrial Lighting Market by Installation Type
13.6.3 Latin America Industrial Lighting Market by Product
13.6.4 Latin America Industrial Lighting Market by Light Source
13.6.5 Latin America Industrial Lighting Market by Offering
13.6.6 Latin America Industrial Lighting Market by Application
13.6.7 Brazil
13.6.7.1 Brazil Industrial Lighting Market by Installation Type
13.6.7.2 Brazil Africa Industrial Lighting Market by Product
13.6.7.3Brazil Industrial Lighting Market by Light Source
13.6.7.4 Brazil Industrial Lighting Market by Offering
13.6.7.5 Brazil Industrial Lighting Market by Application
13.6.8 Argentina
13.6.8.1 Argentina Industrial Lighting Market by Installation Type
13.6.8.2 Argentina Industrial Lighting Market by Product
13.6.8.3 Argentina Industrial Lighting Market by Light Source
13.6.8.4 Argentina Industrial Lighting Market by Offering
13.6.8.5 Argentina Industrial Lighting Market by Application
13.6.9 Colombia
13.6.9.1 Colombia Industrial Lighting Market by Installation Type
13.6.9.2 Colombia Industrial Lighting Market by Product
13.6.9.3 Colombia Industrial Lighting Market by Light Source
13.6.9.4 Colombia Industrial Lighting Market by Offering
13.6.9.5 Colombia Industrial Lighting Market by Application
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Industrial Lighting Market by Installation Type
13.6.10.2 Rest of Latin America Industrial Lighting Market by Product
13.6.10.3 Rest of Latin America Industrial Lighting Market by Light Source
13.6.10.4 Rest of Latin America Industrial Lighting Market by Offering
13.6.10.5 Rest of Latin America Industrial Lighting Market by Application
14 Company Profile
14.1 Philips Lighting holding B.V. (Netherlands)
14.1.1Company Overview
14.1.2 Financials
14.1.3 Product/Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Hmubbell Lighting Inc. (US)
14.2.1Company Overview
14.2.2 Financials
14.2.3 Product/Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Cooper Industries (Ireland)
14.3.1Company Overview
14.3.2 Financials
14.3.3 Product/Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Schneider Electric SE (France)
14.4.1Company Overview
14.4.2 Financials
14.4.3 Product/Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Emerson (US)
14.5.1Company Overview
14.5.2 Financials
14.5.3 Product/Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Legrand S.A. (France)
14.6.1Company Overview
14.6.2 Financials
14.6.3 Product/Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Acuity Brands (US)
14.7.1Company Overview
14.7.2 Financials
14.7.3 Product/Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Beghelli S.p.A. (Italy)
14.8.1Company Overview
14.8.2 Financials
14.8.3 Product/Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Daisalux (Spain)
14.9.1Company Overview
14.9.2 Financials
14.9.3 Product/Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Zumtobel Group (Austria)
14.10.1Company Overview
14.10.2 Financials
14.10.3 Product/Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 OSRAM Licht AG (Germany)
14.11.1Company Overview
14.11.2 Financials
14.11.3 Product/Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Digital Lumens (US)
14.12.1Company Overview
14.12.2 Financials
14.12.3 Product/Services Offered
14.12.4 SWOT Analysis
14.12.5 The SNS View
15. Competitive Landscape
15.1 Competitive Bench marking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. 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.
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