Industrial Lighting is in A Progressive stage in Lighten...

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  • Jimmy at
  • August 18, 2017

The industrial lighting market is expected to be worth USD 13.17 Billion by 2023, growing at a CAGR of 7.82% between 2017 and 2023.

Gocus is led lighting manufacturers,the major drivers for the market include modernization and infrastructural development, durability of LED lights for industrial usage、portable led lights, and low energy consumption by LEDs.

The factory and production lines application held a larger share of the industrial lighting market in 2016. Factory and production lines are upgrading to critical lighting solutions, such as LEDs and connected lighting solution, to receive an immediate payback on their investment through improved light quality and control .

The factory and production lines is the largest application area for industrial lighting solutions. The variety of work performed in the industry can vary tremendously from production to machining. Therefore, every lighting solution needs to be customized according to the available space and the complexity of the task being performed.

On the basis of product, indoor led lighting/led office lighting held the and other area lighting largest share in 2016, while spot lighting is expected to grow at the highest rate during the forecast period.

Asia Pacific (APAC) dominates the industrial lighting market; however, RoW is expected to grow at the highest rate during the forecast period. The countries in the RoW region are likely to witness an extensive growth in infrastructural building projects