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.

Some of the key factors driving the growth of the global Commercial Lighting market include expanding R&D efforts to develop novel Commercial Lighting products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

Receive the Sample Report of Commercial Lighting market Research Insights 2024 to 2032 @ https://www.emergenresearch.com/request-sample/1274

Effect of COVID-19 on the global market for Commercial Lighting

The COVID-19 pandemic had a significant negative influence on the market for Commercial Lighting in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Commercial Lighting were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Commercial Lighting in 2020. Additionally, demand for Commercial Lighting decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Commercial Lighting market : Competitive Landscape

The prominent players operating in the Commercial Lighting market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Commercial Lighting market .

Some of the prominent players operating in the market are:

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

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/commercial-lighting-market

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Commercial Lighting market ?

What are the key factors driving the Global Commercial Lighting market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Commercial Lighting market ?

Who are the distributors, traders, and dealers of Commercial Lighting market ?

What are the Commercial Lighting market opportunities and threats faced by the vendors in the Global Commercial Lighting industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

Get PDF of Sample Copy @ https://www.emergenresearch.com/request-sample/1274

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 Request a customization of the report @ https://www.emergenresearch.com/request-history/1274

Regional Bifurcation of the Commercial Lighting market Includes:

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) Directly Purchase Commercial Lighting market Reports @ https://www.emergenresearch.com/purchase-enquiry/1274

Explore More Emergen Research Blog :

Tissue Imaging Market

Unmanned Ground Vehicle Market

Virtual Diagnostics Market

Anti-Aging Devices Market

Mobile Medical Apps Market

Isoflavones Market

Farm Management Software and Services Market

Asthma Spacers Market

Metastatic Cancer Treatment Market

About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Latest Reports: Botulinum Toxin Market | Dermocosmetics Market