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2019 LED industrial and commercial lighting market reached 86 billion US dollars
According to the latest report from Transparency Market Research, a US market research company, the global LED industrial and commercial lighting market is expected to grow from a CAGR of 30.8% from $12.92 billion in 2012 to $86.08 billion in 2019. The global LED industrial and commercial lighting market is divided into different categories based on end users and geographic locations. For different end users, the global LED industrial and commercial lighting market can be divided into industrial, commercial, architectural and outdoor lighting. Commercial lighting can be further divided into office buildings, hotels and restaurants, retail stores, warehouses and storage, and educational institutions. Geographically, the global LED industrial and commercial lighting market is divided into North America, Europe, Asia Pacific and other parts of the world. For geographical segments, Europe has the largest market share in the global LED industrial and commercial lighting market. In 2012, Europe's market share was approximately 33.1%. The strong presence of Europe in the market is mainly due to increasing government investment. The ban on the production and import of all incandescent lamps in Europe provides additional impetus to this market. In addition, countries such as Germany, Russia, Denmark and the United Kingdom are also studying efficient lighting solutions, which will also lead to the growth of the LED industrial and commercial lighting market. In terms of end users, the market share of commercial lighting in 2012 was 52.5%. The main driver of market growth comes from the continuous improvement of users' awareness of reducing energy consumption and CO2 emissions. Second, more and more governments are banned from using incandescent lamps to drive the growth of the LED commercial lighting market. In addition, the Chinese government's efforts to prevent the production of incandescent lamps above 100 watts have also led to this market growth. Leading companies in the global LED industrial and commercial lighting market include Cooper Industries, Osram Lict AG, Digital Lumens, Dialight, Cree, Koninklijke Philips Electronics, GE Lighting Solutions, Zumtobel AG And Toshiba. As these innovative technology companies continue to strive to develop simple, long-term solutions, the global LED industrial and commercial lighting market will witness tremendous growth. Samsung's latest LED bulb with Bluetooth technology is expected to sweep the entire LED industrial and commercial lighting market. (Translated by Shirley)