Industrial Lighting Market size is estimated to witness significant gains by 2023

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Industrial Lighting Market size is estimated to
witness significant gains by 2023 Global Market
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Regional Analysis of Industrial Lighting Market

• North America was valued around USD 1.5 billion
  in 2012 and it is likely to witness moderate
  growth over the forecast period.
• Europe industrial lighting market was valued
  around USD 1.4 billion in 2012. It is likely to
  witness moderate growth owing to the debt crises
  in the region.
• Latin America was valued around USD 120 million
  in 2012. It is anticipated to exceed USD 150
  million by 2023.
• Middle East and Africa regions was valued for
  over USD 351 million in 2012 is estimated to
  exceed USD 420 million by 2023.
• BRIC countries such as Brazil, Russia, India and
  China are projected to witness intensifying
  growth. As these are the developing economies,
  they are likely to furnish high growth avenues
  over the forecast period.

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Application Analysis of Industrial Lighting
Market

• The industry involves high use of various lights
  such as incandescent, halogen, linear,
  fluorescent lamps (LFL), high-intensity discharge
  lamps (HID), compact fluorescent lamps (CFL),
  organic light emitting diode (OLED) and light
  emitting diode (LED) technology.
• It can be further segregated into certain
  sub-technologies namely metal halide,
  high-pressure sodium and cold cathode fluorescent
  lamps (CCFL).
• The global industrial lighting market offers
  various lamps with varied features such as
  intensity, dimensions design and function. In
  addition, it also offer lighting solutions based
  on reliability, efficiency and superior
  performance.

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Competitive Market Share of Industrial Lighting
Market

• Key industry participants occupying significant
  industrial lighting market share include Siemens,
  Philips, GE Lighting, OSRAM Gmbh, Acuity Brands
  Lighting, Inc., Crompton greaves Ltd., Havells
  India Ltd, USHIO America, Inc. and Litetronics
  International, Inc. among others.

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