Commercial Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Commercial Lighting Market Size and It is Segmented by Type (Lamps, Luminaries), Lighting Type (LED-Based Lighting, Traditional), End-User (Commercial Offices, Retail, Hospitality, and Leisure (Restaurants and Sporting Facilities), Healthcare), and Geography (North America, United States, Canada, Europe (United Kingdom, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), Latin America, Middle East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Commercial Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Commercial Lighting Industry Overview

There is intense competition among major vendors in the market. Due to a broad range of suppliers of commercial lighting products, buyers can choose from numerous vendors, creating cut-throat competition among vendors of equal caliber in product portfolio and geographical reach. Further, companies are innovating in terms of various connected lighting products. Players like Wipro and Signify are trying to provide smart lighting products for commercial applications like retail, hospitals, etc.

In June 2022, Wipro Lighting announced the establishment of a new business unit integrating Commercial Lighting and Seating solutions. Utilizing Wipro's shared dealership network and providing customer service, the new entity was established to provide better alliances and expedite growth.

In January 2022, Acuity Brands, Inc., a prominent industrial technology company, announced that it is expanding its partnership with Microsoft to bring new capabilities to Acuity Brands' bright lighting, building automation solutions, and lighting controls. By integrating the power of Microsoft's Cloud for Sustainability and Microsoft Azure IoT with Acuity Brands customer solutions, Acuity Brands and Microsoft would jointly facilitate end customers, operating numerous types of facilities and buildings, to calculate and forecast the environmental and financial impacts that these new lighting and building management technologies deliver.

Commercial Lighting Market Leaders

  1. ABB Ltd

  2. Honeywell LED Lighting

  3. Wipro Lighting Limited

  4. Signify NV (Philips Lighting)

  5. WAC Lighting

  6. *Disclaimer: Major Players sorted in no particular order
Commercial Lighting Market Concentration