Industrial And Commercial LED Lighting Market To Reach $134.51 Billion By 2033

Industrial And Commercial LED Lighting Market Growth & Trends

The global industrial and commercial LED lighting market size is anticipated to reach USD 134.51 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.6% from 2025 to 2033. The high efficiency of LED lights combined with government regulations to ban incandescent lamps is estimated to drive demand over the forecast period.

The increasing shift towards the implementation of cost-effective systems is expected to proliferate demand. Concepts such as smart lighting which offer several benefits including comfort, safety, and security are projected to offer lucrative growth opportunities for the industry. For instance, the prevalence of various smart city schemes across the U.S. and Europe to reduce the consumption of energy and peak power demand is estimated to positively impact sales.

Stringent government regulations and ban on incandescent lamps and set up of minimum efficiency standards by various governments across the globe is further estimated to propel industrial and commercial LED lighting market. For instance, Brazil has banned 60-watt+ and 100-watt incandescent lamps since 2012. Additionally, various legislative actions taken to support these systems and the implementation of various energy-efficient programs are expected to be the critical parameter affecting the industry.

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Industrial And Commercial LED Lighting Market Report Highlights

• Luminaires dominated the market and accounted for a share of 62.8% in 2024. Advances in LED chip technology, optics, and thermal management improved the performance, efficiency, and reliability of LED luminaires.

• High color rendering index (CRI) LED lamps provide better color accuracy and consistency, improving visibility and reducing eye strain. This makes them suitable for demanding applications that require precise lighting, such as manufacturing, healthcare, and retail.

• The indoor segment accounted for the largest market revenue share in 2024. This section includes a variety of indoor lighting uses, such as in businesses, factories, and schools.

• The North American region market is expected to witness significant growth over the forecast period. As cities and municipalities undertake infrastructure upgrades and smart city initiatives, there is a growing emphasis on incorporating energy-efficient and sustainable technologies.

Industrial And Commercial LED Lighting Market Segmentation

Grand View Research has segmented the global industrial and commercial LED lighting market report based on product, application, end use, and region:

Industrial And Commercial LED Lighting Product Outlook (Revenue, USD Billion, 2021 - 2033)

• Lamps

• Luminaires

Industrial And Commercial LED Lighting Application Outlook (Revenue, USD Billion, 2021 - 2033)

• Indoor

• Outdoor

Industrial And Commercial LED Lighting End Use Outlook (Revenue, USD Billion, 2021 - 2033)

• Industrial

• Commercial

Industrial And Commercial LED Lighting Regional Outlook (Revenue, USD Billion, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List Of Key Players in the Industrial And Commercial LED Lighting Market

• Panasonic Corporation

• Hubbell Lighting

• Acuity Brands, Inc.

• Emerson Electric Co

• ams-OSRAM AG

• Signify Holding

• Dialight

• Zumtobel Group

• Advanced Lighting Technologies, LLC

• Nora Lighting

• Cree Lighting

• Eaton Corporation

• NVC International Holdings Ltd.

• Wipro Limited

• Syska

• Current Lighting Solutions, LLC