Market for Industrial and Commercial LED Lighting

The Industrial & Commercial LED Lighting Market is projected to grow significantly from a valuation of $40.85 billion in 2024 to $169.12 billion by 2031, achieving a compound annual growth rate (CAGR) of 17.1% during the period from 2025 to 2031. This surge is largely attributed to the increasing demand for energy-efficient lighting solutions in various sectors, including manufacturing, retail, and offices. The advantages of LED lighting—such as superior energy savings, extended lifespan, and lower maintenance costs—coupled with advancements in smart lighting systems and regulatory support for sustainable infrastructure, are driving this growth. Key players in the market include Wolfspeed Inc., Eaton Corporation, and Philips N.V. The report also outlines a comprehensive analysis of market dynamics, segmentations, and regional trends, providing valuable insights for stakeholders looking to navigate this rapidly evolving industry.

Market for Industrial and Commercial LED Lighting

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LED Lighting Market Poised for Significant Expansion and Trends from 2025 to 2032