Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Commercial Lighting Market to reach USD XX billion by 2028.

Global Commercial Lighting Market Size study, By Offering (Hardware, Software, Services), By Communication Technology (Wired, Wireless), By Application (Indoor, Outdoor), and Regional Forecasts 2022-2028

Product Code: EESC-85499045
Publish Date: 17-05-2022
Page: 200

Global Commercial Lighting Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Commercial Lighting is a form of a LED semiconductor light source that emits light when current flows through it. The commercial-grade light products are manufactured from an enhanced quality LED driver, heat sinks, led modules, and others. The increasing number of smart city projects in developing countries, rising emphasis of governments on energy conservation, growing acceptance of standard protocols for lighting control systems, coupled with the surging use of integrated lighting control systems are the chief driving factors for the global market growth. For instance, as per the government insider, in 2018, China stood as the largest country for the smart city project and it is also anticipated that there are around 1000 smart city pilot projects globally that are carried out. Therefore, the rising number of smart city projects is likely to surge the demand for commercial lighting, which may positively influence the market growth across the globe. However, high installation costs and security and reliability issues associated with IoT-based lighting systems impede the growth of the market over the forecast period of 2022-2028. Also, the rapid transition from traditional lighting to connected lighting solutions and the growing adoption of PoE-based and solar lighting solutions are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Commercial Lighting market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the infrastructural development and availability of favorable government policies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing number of smart city development projects, as well as the growth of the developing nations like China, India, and Australia, would create lucrative growth prospects for the Commercial Lighting market across the Asia-Pacific region.

Major market players included in this report are:
Legrand S.A.
Acuity Brands, Inc.
GE Current
Leviton Manufacturing Company, Inc.
Hubbell Incorporated
Schneider Electric SE
Ideal Industries, Inc. (Cree Lighting)
Zumtobel Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
By Communication Technology:
By Application:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Commercial Lighting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Commercial Lighting Market, by Region, 2020-2028 (USD Billion)
1.2.2. Commercial Lighting Market, by Offering, 2020-2028 (USD Billion)
1.2.3. Commercial Lighting Market, by Communication Technology, 2020-2028 (USD Billion)
1.2.4. Global Commercial Lighting Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Commercial Lighting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Commercial Lighting Market Dynamics
3.1. Commercial Lighting Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing use of integrated lighting control systems Rising emphasis of government on energy conservation
3.1.2. Market Challenges High installation costs Security and reliability issues associated with IoT-based lighting systems
3.1.3. Market Opportunities Rapid transition from traditional lighting to connected lighting solutions Growing adoption of PoE-based and solar lighting solutions
Chapter 4. Global Commercial Lighting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Commercial Lighting Market, by Offering
6.1. Market Snapshot
6.2. Global Commercial Lighting Market by Offering, Performance – Potential Analysis
6.3. Global Commercial Lighting Market Estimates & Forecasts by Offering, 2018-2028 (USD Billion)
6.4. Commercial Lighting Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
6.4.3. Services
Chapter 7. Global Commercial Lighting Market, by Communication Technology
7.1. Market Snapshot
7.2. Global Commercial Lighting Market by Communication Technology, Performance – Potential Analysis
7.3. Global Commercial Lighting Market Estimates & Forecasts by Communication Technology, 2018-2028 (USD Billion)
7.4. Commercial Lighting Market, Sub Segment Analysis
7.4.1. Wired
7.4.2. Wireless
Chapter 8. Global Commercial Lighting Market, by Application
8.1. Market Snapshot
8.2. Global Commercial Lighting Market by Application, Performance – Potential Analysis
8.3. Global Commercial Lighting Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
8.4. Commercial Lighting Market, Sub Segment Analysis
8.4.1. Indoor
8.4.2. Outdoor
Chapter 9. Global Commercial Lighting Market, Regional Analysis
9.1. Commercial Lighting Market, Regional Market Snapshot
9.2. North America Commercial Lighting Market
9.2.1. U.S. Commercial Lighting Market Offering breakdown estimates & forecasts, 2018-2028 Communication Technology breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Commercial Lighting Market
9.3. Europe Commercial Lighting Market Snapshot
9.3.1. U.K. Commercial Lighting Market
9.3.2. Germany Commercial Lighting Market
9.3.3. France Commercial Lighting Market
9.3.4. Spain Commercial Lighting Market
9.3.5. Italy Commercial Lighting Market
9.3.6. Rest of Europe Commercial Lighting Market
9.4. Asia-Pacific Commercial Lighting Market Snapshot
9.4.1. China Commercial Lighting Market
9.4.2. India Commercial Lighting Market
9.4.3. Japan Commercial Lighting Market
9.4.4. Australia Commercial Lighting Market
9.4.5. South Korea Commercial Lighting Market
9.4.6. Rest of Asia Pacific Commercial Lighting Market
9.5. Latin America Commercial Lighting Market Snapshot
9.5.1. Brazil Commercial Lighting Market
9.5.2. Mexico Commercial Lighting Market
9.6. Rest of The World Commercial Lighting Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Legrand S.A. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Acuity Brands, Inc.
10.2.3. GE Current
10.2.4. OSRAM Licht AG
10.2.5. Leviton Manufacturing Company, Inc.
10.2.6. Hubbell Incorporated
10.2.7. LEDVANCE GmbH
10.2.8. Schneider Electric SE
10.2.9. Ideal Industries, Inc. (Cree Lighting)
10.2.10. Zumtobel Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now