Emergen Research’s latest market research report focuses on the global Commercial Lighting market, and the report provides in-depth analysis of each of its major segments. The Market Intelligence Report provides a complete overview of the Commercial Lighting market along with details on the competitive landscape and profiles of the key players operating in this business. The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The global commercial lighting market size reached USD 9.75 billion in 2021 and is expected to register a revenue CAGR of 21.4% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to the growing need for more energy-efficient lighting systems, rapid infrastructure development, and ongoing and upcoming smart city projects in developing countries. Smart lighting use in commercial and industrial applications has been steadily increasing in recent years, owing to a growing focus on energy conservation. The use of such energy-efficient LED lighting technology reduces maintenance expenses significantly as they use about half as much electricity as standard halogen, incandescent, and fluorescent lights. Furthermore, such commercial lighting emits no UV light and operates at a low voltage, as well as having a long lifespan, design flexibility, and durability. For instance, LEDs typically last 30,000–50,000 hours, depending on the fixture, compared to 1,000 hours for an incandescent bulb and 8,000 hours for a fluorescent lamp, respectively. As a result of LED luminaires extended life, they have minimal maintenance costs, which helps cut energy expenditure and bills, and is expected to drive revenue growth in the market between 2022 and 2030.

The latest research report offers an accurate study of the Commercial Lighting industry and highlights key factors such as import/export analysis, production and consumption rates, distribution channels and consumer base in key regions of the global market. This report further explores key facts and figures related to current market conditions and provides an industry-validated database for companies looking to invest in the market. Additionally, the report provides actionable insights that help readers identify key opportunities and challenges faced in the broad competitive landscape of the Commercial Lighting market. These insights also help formulate lucrative business expansion strategies to gain a competitive edge in the market.

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Target Audience of the Global Commercial Lighting Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

Market Dynamics:

The report offers insightful information about the market dynamics of the Commercial Lighting market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Commercial Lighting market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Commercial Lighting market.

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Major Geographies Analyzed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Leading manufacturers profiled in the report:

GE Current, A Daintree Company, Hubbell, Schneider Electric, ABB, Zumtobel Group, Acuity Brands Lighting Inc., Wipro Lighting, Siteco GmbH, Cree Lighting, WAC Lighting and Signify Holding

Market Segmentations of the Commercial Lighting Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Commercial Lighting market on the basis of product, application, and region:

Segments Covered in this report are:

• Light Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)

  • Incandescent
  • Halogen
  • LED
  • Others

• Installation Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)

  • New Installation
  • Replacement Installation
  • Retrofit Installation

• Technology Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)

  • Wired
  • Wireless

For further details on this report, visit @ https://www.emergenresearch.com/industry-report/commercial-lighting-market

Additional information offered by the report:

• Along with a complete overview of the global Commercial Lighting market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Commercial Lighting market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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