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Industrial Lighting Market to Grow by USD 2.83 Billion (2025-2029), Driven by Energy-Efficient Lighting Adoption, Report with AI Impact on Trends – Technavio

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NEW YORK, Jan. 26, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global industrial lighting market  size is estimated to grow by USD 2.83 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  5.7%  during the forecast period.  Rise in adoption of energy-efficient lighting technologies is driving market growth, with a trend towards ongoing advancements in lighting technologies in industrial sector. However, high initial cost for industrial lighting solutions  poses a challenge. Key market players include Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight PLC, Eaton Corp plc, Emerson Electric Co., General Electric Co., Glamox AS, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB Lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG.

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Type (LED technology and Traditional technology), Application (New installation, Replacement installation, and Retrofit installation), Geography (APAC, Europe, North America, South America, and Middle East and Africa), Offering, and Product

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight PLC, Eaton Corp plc, Emerson Electric Co., General Electric Co., Glamox AS, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB Lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG

Key Market Trends Fueling Growth

The Industrial Lighting Market is witnessing significant trends with the increasing adoption of energy-efficient lighting solutions. LED Light Source, such as LED modules and connected lighting solutions, are gaining popularity due to their low energy consumption and long lifespan. Dialight Group and Signify are key players offering various LED and traditional lighting solutions like Linear Fluorescent Lamps (LFL), Metal Halide Lamps (MHL), Incandescent Bulbs, and Halogen Light Bulbs. Public organizations are modernizing infrastructure with energy-efficient LED technology, replacing older HIDs and CFLs. Natural gas and electricity prices influence energy consumption, with LNG emerging as a potential alternative. LEDinside reports the penetration of LEDs in industrial lighting reaching 50%. Logistics and e-commerce market growth also impact lighting innovations. The DOE and ONS encourage SSL adoption through incentives and regulations. Urbanization and infrastructure development further boost the market. 

The industrial lighting market is undergoing significant transformation due to technological advancements. Innovative solutions like smart lighting systems and connected lighting controls are leading this change. These systems offer integrated sensors, wireless connectivity, and data-driven algorithms to optimize energy usage and improve operational efficiency. For instance, a smart lighting system in a warehouse can adjust illumination levels based on real-time occupancy data, saving energy and maintaining adequate lighting for tasks. These advancements are revolutionizing industrial lighting, providing enhanced capabilities and adaptive functionalities for modern industrial settings. 

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Market Challenges

The Industrial Lighting Market is experiencing significant changes due to the shift towards energy-efficient lighting solutions. Traditional light sources like Incandescent bulbs, Linear fluorescent lamps (LFL), and Metal halide lamps (MHL) are being replaced by LED Lighting. LED Light Source, such as LED modules, offers longer lifespan and low energy consumption. Dialight Group and Signify are leading the way with innovative LED solutions. Public organizations are modernizing infrastructure with energy-efficient alternatives. Challenges include logistics for LEDs and connected lighting solutions, natural gas vs electricity for energy sources, and the penetration of LEDs in various industries. Energy conservation is a key driver, with the DOE promoting SSL (Solid-state Lighting) over HIDs (High-intensity Discharge). The e-commerce market is growing, making LED Lighting more accessible. LED technology continues to advance, with data triangulation from sources like LEDinside. Urbanization and infrastructure development require energy-efficient lighting systems. CFL and LFL are being phased out, while LED and HIDs remain in demand.The industrial lighting market faces a substantial hurdle due to the high initial investment needed for advanced lighting solutions like LED and smart systems. The primary cause of this challenge is the expense of purchasing and installing industrial lighting fixtures and control systems. For instance, the total costs for various fixtures, including installation, are as follows: Ceiling lights (USD75–USD1,200), Chandeliers (USD400–USD6,500), Fluorescent lights (USD75-425), LED strip (USD70–USD400), Light bar (USD350–USD600), Pendant lights (USD70–USD4,800), Recessed lights (USD100–USD500), Track lighting (USD100–USD800), and Wall-mounted lights (USD180–USD950). Although LED lighting is more energy-efficient and long-lasting, its higher upfront cost compared to traditional options like incandescent or fluorescent lighting remains a significant barrier to adoption.

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Segment Overview 

This industrial lighting market report extensively covers market segmentation by

Type 1.1 LED technology1.2 Traditional technologyApplication 2.1 New installation2.2 Replacement installation2.3 Retrofit installationGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and AfricaOfferingProduct

1.1 LED technology-  The global industrial lighting market is experiencing significant growth due to the increasing adoption of LED technology. LED components and LED-based luminaires are becoming the preferred choice for end-users due to their energy-saving characteristics and decreasing costs. The European Commission’s ban on low-voltage halogen lamps and the aftermath of the Fukushima nuclear disaster in Japan are major drivers of this trend. The replacement market segment is expected to dominate the market during the forecast period, as traditional lighting systems get replaced with LED lighting systems. New industrial units in countries like Australia, European countries, and Asia, particularly China and South Korea, will also contribute to the market growth due to a focus on energy efficiency. Additionally, the adoption of smart lighting products is expected to further boost sales in the industrial sector. These factors collectively will fuel the growth of the LED technology segment in the global industrial lighting market.

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Research Analysis

The Industrial Lighting Market is witnessing significant growth due to the increasing adoption of energy-efficient lighting solutions, such as LED light sources. LED modules have become a popular choice due to their long lifespan and low energy consumption, surpassing traditional lighting technologies like Linear fluorescent lamps, Metal halide lamps, and Incandescent bulbs. Public organizations are increasingly investing in energy-efficient lighting to reduce energy consumption and operational costs. Dialight Group’s ProSite LED floodlight is one such offering that provides excellent illumination while consuming minimal energy. Natural gas and electricity prices are driving the demand for energy-efficient solutions, with the ONS reporting a shift towards renewable energy sources. The penetration of LEDs in the industrial lighting market is expected to continue, with Signify leading the way in innovation and technology. Ecodesign regulations are also pushing the industry towards more efficient and sustainable lighting solutions.

Market Research Overview

The Industrial Lighting Market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions such as LED Light Source. Traditional lighting technologies like Linear Fluorescent Lamps (LFL), Metal Halide Lamps (MHL), and Incandescent Bulbs are being gradually replaced by LEDs and SSL (Solid-state Lighting) due to their energy efficiency and longer lifespan. Public organizations are leading the way in this modernization process, with infrastructure development and urbanization driving the penetration of LEDs. Energy consumption is a major concern in industrial lighting, and LEDs offer a solution with their low energy consumption. LED modules and connected lighting solutions are becoming increasingly popular, offering better control and flexibility. Logistics and the use of natural gas and electricity as energy sources are also influencing the market. LEDInside reports that LED technology is dominating the industrial lighting market, with data triangulation indicating a steady growth trend. The DOE’s Energy Conservation program and the penetration of LEDs in various industries are contributing to this growth. HIDs (High-intensity Discharge) are still in use but are gradually being phased out due to their high energy consumption and shorter lifespan. The e-commerce market is also playing a role in the industrial lighting market, with online sales of LED Lighting and energy-efficient lighting solutions on the rise. The future of industrial lighting is bright, with ongoing innovations in LED technology and the continued push for energy efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeLED TechnologyTraditional TechnologyApplicationNew InstallationReplacement InstallationRetrofit InstallationGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And AfricaOfferingProduct

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Union Home Mortgage unveils AI and automation advancements during 2026 Annual Partner Celebration

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The mortgage lender continues to make major technology investments going into 2027

STRONGSVILLE, Ohio, Oct. 23, 2026 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, recently unveiled an array of AI and automation-driven technological achievements during the company’s 2026 Annual Partner Celebration held Oct. 16-17 in Cleveland, Ohio. This world-class event brought over 850 UHM employees, known internally as Partners, together to highlight the lender’s year-to-date business results, set goals to multiply business success, and foster connection between colleagues. Most notably, technology took center stage, highlighting advancements made in 2026 and a sneak peek at what is coming next.

Attendees were given an inside look at the next phase of technology shaping the business, with demonstrations of both newly implemented tools and future-focused prototypes. These innovations, ranging from conversational voice agents for enhanced customer support to the elimination of tedious manual document review, showcased the transformative potential of technology and underscored the lender’s ongoing investment in smarter, more efficient workflows.

“What makes this event so meaningful is the chance to celebrate our Partners and the impact they have on our business and culture,” said Bill Cosgrove, CEO of Union Home Mortgage. “By creating opportunities for open dialogue and idea-sharing, we’re able to strengthen our culture and identify new ways to move our business forward. As we look ahead to 2027, we remain focused on our 3X initiative, empowering our Partners with the resources, technology, and support they need to achieve more while continuing to deliver a world-class experience for our borrowers. Technology will be the key to UHM’s future, and I can’t wait to see what new solutions are developed in time for our next Annual Partner Celebration.”

While this year’s Annual Partner Celebration was heavily focused on technology, the event also featured senior leadership across all departments and business channels taking the stage to share updates on critical areas such as sales performance, servicing, benefits, employee recognition, and more. UHM Partners also took part in a panel discussion and Q&A with CEO Bill Cosgrove and Sr. Vice President of Business Development Al Blank. In addition to those attending in-person, the rest of the mortgage lender’s 2,300 Partners streamed the event virtually across the country. Following the event, attendees were invited to attend a celebratory carnival featuring casino-style games, a golf simulator, Family Feud, a custom t-shirt press, and more – earning raffle tickets to win high-value prizes. The lender also raffled off tickets to the MLB American League Championship Series being played at Progressive Field, as Union Home Mortgage is the Official Mortgage Partner of both teams that played in the series – the Tampa Bay Rays and the Cleveland Guardians.

Throughout the week, Partners also attended individualized leadership summits specific to their department or role within the company, as well as a Hard Stops Summit aimed at examining existing hard stops in the loan process to streamline operational efficiency.

Internal loan officer coaching program Partners Coaching Partners (PCP), which pairs each participating loan officer with a high-performing mentor and an accountability partner at their production level, also held their Fall PCP Impact event on October 14-15. The group aims to equip members with the skills and knowledge to increase productivity, generate leads, finetune the origination process, improve teambuilding, and increase profit margins. Next year, the PCP program will celebrate its twentieth consecutive PCP Impact event, cementing its status as a pillar of Partner development at UHM.

About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 49 states + D.C. UHM is an in-house loan servicer offering world-class customer service through high touch communication & technology. A privately held family business, with a collaborative culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication, and accountability. All these principles translate to industry-leading customer retention and satisfaction. Some honors include being a Six-Year USA TODAY Top Workplace and a Twelve-Year Northeast Ohio Top Workplace. Learn more at www.uhm.com.

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SOURCE Union Home Mortgage

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Pew Funds 4 Biomedical Research Partnerships in Latin America

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Scientists will team up on interdisciplinary explorations

WASHINGTON, Oct. 23, 2026 /PRNewswire/ — The Pew Charitable Trusts announced today that four pairs of researchers from Latin America will receive funding to pursue collaborative biomedical research projects.

These eight esteemed scientists, all independent investigators in Latin America, will team up on interdisciplinary explorations that span plant biology, genetics, immunology, and more. Recipients will receive a combined $180,000 per pair—$90,000 annually over two years.

The Partnership Award was created to help advance scientific collaboration and networking among the biomedical research community in Latin America. Recipients include four alumni of Pew’s Latin American Fellows Program in the Biomedical Sciences, which has funded nearly 350 scientists from across the region since 1991. The Partnership awards were made possible by a grant from Biohub.

“Pew is proud to support these exceptional scientists from Argentina, Brazil, and Chile,” said Donna Frisby-Greenwood, Pew’s senior vice president for Philadelphia and scientific advancement. “Their creative ideas and pioneering approaches will undoubtedly lead to important discoveries that advance biomedical research across Latin America and the world.”

Recipients of this year’s Partnership Award are:

Luis F. Larrondo, Ph.D., Pontificia Universidad Católica de Chile, 2004 Pew Latin American Fellow

Gerardo Cárcamo-Oyarce, Ph.D., Pontificia Universidad Católica de Chile

Larrondo and Cárcamo-Oyarce will establish a new, light-based platform for studying the formation of biofilms by the bacterium Pseudomonas aeruginosa.

Priscilla Olsen, Ph.D., Universidade Federal do Rio de Janeiro (UFRJ), 2016 Pew Latin American Fellow

Beatriz Patricio, Ph.D., Universidade Federal do Estado do Rio de Janeiro (UNIRIO)

Olsen and Patricio will develop and test a new strategy to overcome antimicrobial drug resistance.

Paulo José P. L. Teixeira, Ph.D., Universidade de São Paulo, Escola Superior de Agricultura Luiz de Queiroz, 2013 Pew Latin American Fellow

Antonio Camargo, Ph.D., Universidade de São Paulo

Teixeira and Camargo will examine plant immune receptor specificity.

Marcelo Yanovsky, Ph.D., Fundación Instituto Leloir – CONICET, 2000 Pew Latin American Fellow

Esteban Beckwith, Ph.D., Instituto de Investigación en Biomedicina de Buenos Aires – CONICET – Partner Institute of the Max Plank Society

Yanovsky and Beckwith will study how organisms regulate gene expression in response to environmental stress.

Founded in 1948, The Pew Charitable Trusts uses data to make a difference. Pew addresses the challenges of a changing world by illuminating issues, creating common ground, and advancing ambitious projects that lead to tangible progress. Learn more at pew.org.

Press contact: Liz Lowe, 215-575-4812, elowe@pewtrusts.org

https://www.pew.org/en/about/news-room/press-releases-and-statements/2026/10/22/pew-funds-4-biomedical-research-partnerships-in-latin-america

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SOURCE The Pew Charitable Trusts

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Advantech Celebrates Grand Opening of New Tustin Headquarters with Leading Technology Partners

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TUSTIN, Calif., Oct. 23, 2026 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in Edge Computing and Industrial Edge AI solutions, celebrated the grand opening of its new North American headquarters in Tustin, California this week with a two-day event that brought together local leadership, leading technology partners, and key customer accounts.

The celebration began on October 20 with an official grand opening ceremony at the new headquarters, welcoming more than 400 guests. The program featured Tustin Mayor Austin Lumbard and South Orange County Community College District (SOCCCD) Chancellor Julianna M. Asperin Barnes, Ed.D., followed by a ribbon cutting and a traditional lion dance. On October 21, Advantech hosted the Advantech Technology Summit (ATS) in Newport Beach, where more than 300 attendees, including key customer accounts and technology partners, explored the latest computing technologies and customized solutions.

“Our new headquarters in Tustin represents our commitment to continuously invest in our organization, connect with communities, and expand our capacity and capability to support our customers. We’re grateful to the City of Tustin, the South Orange County Community College District (SOCCCD), and our partners for helping us open this new chapter in North America,” said Ween Niu, General Manager of Advantech North America.

AMD, Intel, NVIDIA, Qualcomm, and other key technology partners joined Advantech at the new headquarters and technology showroom, showcasing the technologies and solutions they are bringing together to address evolving customer needs across industries. The newly built showroom provides a dedicated space to demonstrate Advantech’s edge computing platforms alongside partners’ technologies and real-world, application-focused solutions.

Turning Technology Partnerships into Innovative Solutions

Advantech works closely with AMD, Intel, NVIDIA, Qualcomm, and other industry leaders, combining their technologies with Advantech platforms, engineering expertise, and industry knowledge to develop innovative solutions for specific application requirements. These collaborations span healthcare and medical equipment, robotics, industrial automation, smart infrastructure, energy management, and many emerging Edge AI applications.

Ahead of the summit, Kirk Saban, Corporate Vice President, AECG Product, Software and Solutions at AMD, shared:

“As a longtime partner with Advantech, AMD is very excited to participate in the upcoming Advantech Technology Summit. It’s a great opportunity for us to talk about both AMD’s latest solutions in the industrial and embedded space, as well as to learn from key thought leaders in the industry about key trends and the latest technologies. We’re also looking forward to interacting with major players in Medical, Robotics and other vertical markets.”

Bringing Innovative Solutions to Customers at the ATS

Following the grand opening celebration, the Advantech Technology Summit brought key customer accounts and technology partners together in Newport Beach through presentations, demonstrations, and direct engagement. Attendees saw firsthand how technologies from AMD, Intel, NVIDIA, Qualcomm, and others are integrated into Advantech platforms and tailored to real-world applications.

With its new headquarters, dedicated showroom, and continued investment in partner collaboration, Advantech is strengthening the link between technology providers and customers, helping turn advances in Edge AI and intelligent computing into solutions that move industries forward.

About Advantech

Founded in 1983, Advantech has the corporate vision to “Enable an Intelligent Planet.” The company is a global leader in the fields of IoT intelligent systems and embedded platforms. To embrace the trends of IoT, big data, and artificial intelligence, Advantech promotes IoT hardware and software solutions with Edge Intelligence to assist business partners and clients in connecting industrial chains. Advantech is also dedicated to working with domain-focused partners to co-create solutions that deliver advanced solutions in Industrial IoT. Learn more about Advantech at https://www.advantech.com/.

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