Connect with us

Technology

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

Published

on

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.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

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. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

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 (USD75USD1,200), Chandeliers (USD400USD6,500), Fluorescent lights (USD75-425), LED strip (USD70USD400), Light bar (USD350USD600), Pendant lights (USD70USD4,800), Recessed lights (USD100USD500), Track lighting (USD100USD800), and Wall-mounted lights (USD180USD950). 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.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302359491.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

Published

on

By

BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

View original content:https://www.prweb.com/releases/binbase-launches-2026-bin-database-featuring-6-11-digit-waterfall-lookup-for-high-precision-payment-routing-302829291.html

SOURCE BinBase

Continue Reading

Technology

Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

Published

on

By

MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/redington-limited-and-automationedge-announce-strategic-partnership-to-accelerate-enterprise-automation-and-agentic-ai-adoption-302831361.html

Continue Reading

Technology

Applied Intuition Launches Dana, the Agentic Platform for Physical AI

Published

on

By

New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

View original content:https://www.prnewswire.com/apac/news-releases/applied-intuition-launches-dana-the-agentic-platform-for-physical-ai-302831516.html

SOURCE Applied Intuition, Inc.

Continue Reading

Trending