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industrial lighting market size is estimated to witness significant gains by 2023
In addition, as climate change, there are increasing concerns about insufficient resources, which may have a positive impact on industry growth in the coming years.
It is estimated that the Asia-Pacific industrial lighting market is the largest and fastest growing region from 2016 to 2023.
It\'s worth more than $1.
It was $5 billion in 2012 and is expected to reach $2.
5 billion to 2023.
Growth is likely to be affected by the growth in the number of industries across the region.
The industry involves the high use of incandescent lamps, halogen lamps, linear lamps, fluorescent lamps and other lamps (LFL), high-
Intensity Discharge light (HID)
Compact fluorescent lamp (CFL)
Organic LEDs (OLED)
It can be further separated into certain children.
Metal halides, high
Cold cathode fluorescent lamp with pressure sodium (CCFL).
The in-depth catalogue of this report @ Proliferating programs is expected to provide huge energy optimization opportunities for end users and utilities.
In addition, it helps to save costs and helps various industry participants achieve energy-saving goals.
The global industrial lighting market provides lamps with various functions such as strength, size, design and function.
In addition, it offers lighting solutions based on reliability, efficiency and superior performance.
In the manufacturing infrastructure, circular fluorescent lamps and linear lamps are widely used to inspire the business of indoor transport and reception cabins, production areas, warehousing and distribution.
This mainly involves the use of HID and incandescent lamps, and it is estimated that the penetration rate of the industrial LED lighting market in this area is low.
Different industries have different lighting specifications, from specialized task lighting to different lighting levels.
In addition, the lighting specification can also be developed according to the cost and the color of the light rendering.
Certain criteria for selecting industrial lighting systems include retrofitting, upgrading, or re-lighting.
Modifications include the re-use of old fixtures, limited to improvements in ballast and lamps only.
Upgrading existing fixtures is sometimes a better solution.
This can be achieved by installing new ballasts and lamps, replacing or installing the reflector, cleaning the reflective surface and replacing the diffuser and lens.
Relighting requires more resources than relighting.
It needs to completely replace the existing system.
It is estimated that industrial enterprises lost $1 as of 2015.
5 billion. Due to improper application of lighting systems.
Regular maintenance of these systems helps to save costs and also to maintain the lighting system.
Effective use of these systems helps cost optimization.
Compared with other lighting solutions, the industrial LED lighting market promotes energy consumption, and the high cost may pose a challenge to industry growth;
However, the expected decline in LED prices will lead to a surge in sales units.
It is expected that during the forecast period, vigorous R & D will bring potential growth opportunities to industry participants.
North America is worth about $1.
At 5 billion in 2012, there may be moderate growth during the forecast period.
The European industrial lighting market is worth about $1.
2012 4 billion.
Due to the debt crisis in the region, it may grow moderately.
It is expected to reach $1.
7 billion to 2023.
In 2012, Latin America was valued at approximately $0. 12 billion.
It is expected to exceed $0. 15 billion by 2023.
The value of the Middle East and Africa region in 2012 exceeded $0. 351 billion and is estimated to exceed $0. 42 billion by 2023.
Economic growth in BRICS countries such as Brazil, Russia, India and China is expected to accelerate.
As these are developing economies, they are likely to provide high growth channels during the forecast period.
Key Industry Players who occupy the market share of important industrial lighting include Siemens, Philips, GE Lighting, Osram Co. , Ltd. , Acuity Brands Lighting Co. , Ltd.
Crompton Greaves Ltd.
Shio American company hails India Ltd.
Littchuang International Co. , Ltd. among others.