Industrial and Commercial LED Lighting Market Size Worth USD 148.90 Billion by 2034 | CAGR: 10.3%

The global industrial and commercial LED lighting market size is expected to reach USD 148.90 billion by 2034, according to a new study by Polaris Market Research. The report “Industrial and Commercial LED Lighting Market Size, Share, Trends, Industry Analysis Report: By Product (Lamps and Luminaires), Application, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Industrial and commercial LED lighting refers to lighting systems that are specifically designed for use in industrial and commercial settings. These lighting systems differ from conventional lighting in terms of brightness, design purpose, brightness, and cost. High bay LED lighting, floodlights, and industrial outdoor LED solar lighting are a few common types of LED lighting systems for industrial and commercial use.

The rising construction of new structures and growing consumer awareness of energy-efficient lighting systems are among the key factors driving the industrial and commercial LED lighting market growth. The higher efficiency of LED lights, declining LED prices, and stringent standards for energy efficiency are other factors contributing to the market development.

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A significant increase in infrastructure development and the implementation of smart cities are among the major market trends anticipated to drive the industrial and commercial LED lighting market expansion in the coming years. Rising demand for LED systems from developing economies, along with ongoing innovations in LED technology, is projected to provide lucrative market opportunities during the forecast period.

Key Highlights of Industrial and Commercial LED Lighting Market

• Based on product, the luminaires segment dominated the industrial and commercial LED lighting market with a larger revenue share of 60.7% in 2024. The high energy efficiency, performance, and reliability of luminaires are driving their increased demand in the industrial and commercial sectors.
• Based on application, the indoor segment led the industrial and commercial LED lighting market share in 2024. The reduced energy and increased electricity savings of indoor LED systems make them a viable option for businesses seeking to lower operational expenses.
• Asia Pacific accounted for the largest market revenue share in 2024. Governments and private developers in the region are increasingly investing in LED lighting solutions owing to their high energy efficiency, reduced maintenance costs, and long lifespan.
• Latin America is projected to witness the highest CAGR from 2025 to 2034. Businesses across Latin America are increasingly adopting LED lighting solutions that support corporate sustainability goals and help them meet environmental regulations.
• A few of the key players in the market are AIXTRON; Advanced Lighting Technologies, LLC; DialightEaton; Emerson Electric Co.; Eaton; OSRAM SYLVANIA Inc; TOYODA GOSEI Co., Ltd.; Zumtobel Group; Signify Holding; and SiteWorx Software.

Polaris Market Research has segmented the industrial and commercial LED lighting market report on the basis of product, application, end use, and region:

By Product Outlook (Revenue – USD Billion, 2020–2034)

• Lamps
• Luminaires

By Application Outlook (Revenue – USD Billion, 2020–2034)

• Indoor
• Outdoor

By End Use Outlook (Revenue – USD Billion, 2020–2034)

• Industrial
• Commercial

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Industrial and Commercial LED Lighting Market Report Scope