Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 830.66 Million | USD 1,980.75 Million | 11.47% | 2022 |
FrequentlyAsked Questions
Commercial lighting is the use of illumination tools and lights meant only for commercial spaces.
The global commercial lighting market is expected to benefit from the increasing rate of innovation and development in terms of lighting solutions with improved performance and better energy-saving options.
According to study, the global commercial lighting market size was worth around USD 830.66 million in 2022 and is predicted to grow to around USD 1,980.75 million by 2030.
The CAGR value of commercial lighting market is expected to be around 11.47% during 2023-2030.
The global commercial lighting market will be led by North America during the forecast period.
The global commercial lighting market is led by players like General Electric (GE), Signify (formerly Philips Lighting), Cree, Inc., Osram Licht AG, Zumtobel Group, Acuity Brands, Lutron Electronics, Hubbell Lighting, Havells Sylvania, Eaton Corporation, NVC Lighting, Legrand, Samsung Electronics, Panasonic Lighting, and Thorn Lighting.
The report explores crucial aspects of the commercial lighting market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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