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

Innowise Named to 2026 CRN Tech Elite 250 List By The Channel Company

Published

on

By

WARSAW, Poland, April 26, 2026 /PRNewswire-PRWeb/ — Innowise has officially secured a position on CRN’s 2026 Tech Elite 250. This annual ranking identifies IT solution providers across the US and Canada that have achieved top-tier status within the partner programs of the industry’s leading technology vendors. The inclusion follows a period of verified growth in technical proficiency and a focus on high-impact engineering.

“Innowise concentrates on creating scalable, resilient architectures that produce measurable benefits for our clients. The honor of being recognized by CRN highlights the commitment of our experts to maintain high standards in highly competitive markets,” said Dmitry Nazarevich, CTO at Innowise.

About the Tech Elite 250

The Tech Elite 250 is a directory of companies recognized as having the highest level of partnership and certifications within the global IT ecosystem. In order to reach the final list, the provider must hold the most advanced technical credentials from vendors like AWS, Cisco, Dell, HPE, IBM, Intel, Nutanix, and Nvidia.

This directory serves as a verified ledger for enterprise clients who need to orchestrate complex hardware and software stacks without letting legacy environments rot. Holding these certifications is mandatory to stop the cash bleed caused by inefficient infrastructure and unoptimized cloud usage.

About Innowise

Founded in 2007, Innowise is a global software engineering and IT consulting center. The company is focused on developing high-value technologies, including artificial intelligence, data engineering, and cloud computing. Innowise crafts technological solutions for companies across 40+ domains in order to assist them in updating, creating, and modernizing their digital ecosystems.

Innowise specializes in using established technologies and modular approaches to enable organizations to expand or shift their operations while retaining complete control over all their physical and intangible assets.

Media Contact

Lizaveta Piaskova, Innowise, 48 48 787 027 706, lizaveta.piaskova@innowise.com, innowise.com

View original content to download multimedia:https://www.prweb.com/releases/innowise-named-to-2026-crn-tech-elite-250-list-by-the-channel-company-302751951.html

SOURCE Innowise

Continue Reading

Technology

Neusoft Showcases Full-Stack & Global Innovations at Auto China 2026

Published

on

By

BEIJING, April 26, 2026 /PRNewswire/ — At Auto China 2026, Neusoft Corporation hosted a press conference on April 25th and announced three key strategic moves: the iteration of Neusoft OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0, the launch of Neusoft NAGIC.AI Cockpit Software Platform, and the strategic upgrade of its subsidiary, Neusoft Smart Go. By leveraging full-stack technology and a global ecosystem to drive innovation and empowerment, Neusoft is transforming vehicles into proactive, connected and collaborative mobile intelligent spaces.

OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0: An Evolved AI Companion for Global Intelligent Mobility

Intelligent mobility requires proactive perception, scenario integration, and global connectivity to meet personalized user needs and complex driving scenarios. Neusoft, whose products cover over 130 countries and regions worldwide, addresses these challenges with its OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0 through AI-driven innovation and global ecosystem collaboration. Powered by One Mate’s cross-agent collaboration and a sub-product matrix including One Map, One Sight, One Cloud, One Pay, One Store, One Link, and One Guard, the solution delivers full-link global mobility services spanning navigation, in-cabin AR, payment, app ecosystem services, connectivity and security. By breaking down functional silos, it streamlines multi-step operations into a single “depart” command, leveraging full-stack AI technology across perception, decision-making, interaction, and execution processes.

Guan Xin, Vice President of Neusoft and General Manager of Neusoft Automotive Innovative Solutions Division, said, “Adhering to the core principles of AI and globalization, OneCoreGo® 7.0 keeps innovating, evolving into a globally intelligent mobility companion that truly understands user needs.”

To enhance driving safety and mobility efficiency, OneCoreGo® 7.0 has also comprehensively upgraded its sub-products: One Map Global Navigation newly introduces 3D city effects, 3D lane-level maps, and traffic light guidance, offering dedicated solutions for two-wheelers and commercial vehicles as well. One Sight AR For Car improves navigation display effects, reducing instances of taking wrong routes. One Pay In-Vehicle Payment achieves over 90% payment coverage for parking services across core European cities. Combined with One Cloud’s global compliance cloud monitoring platform and One Guard’s full-stack vehicle networking security services, it creates a truly comprehensive OneCoreGo® Global In-Vehicle Intelligent Mobility Solution.

Neusoft NAGIC.AI Cockpit Software Platform: Dual-track Architecture for AI Integration in Every Vehicle

Amid the AI-driven transformation of the automotive industry, the market faces two challenges: limited computing power in legacy vehicles and high adaptation difficulties for next-gen models. Neusoft’s NAGIC.AI Cockpit Software Platform adopts a flexible “distributed + centralized” dual-track architecture approach. For existing vehicle models, it introduces the AI BOX solution, rapidly boosting computing power via external AI computing units, significantly reducing upgrade costs and timelines. For new vehicle models built on next-gen central computing platforms, Neusoft provides a full-stack AI cockpit software product suite, meeting automakers’ stringent requirements for system stability, reliability, and full-domain control.

Pang Hongyan, Vice President of Neusoft and General Manager of the Automotive Intelligent Software Division, said, “Our dual-track architecture enables every vehicle to embrace AI and enjoy an intelligent future. Both existing models and new-generation vehicles can find the most suitable path to intelligentization.”

Moreover, Neusoft’s NAGIC.AI Cockpit Software Platform features scenario-based, human-centric AI Agents seamlessly integrating driving safety, occupant care services, intelligent assisted driving and in-cabin entertainment. Neusoft also collaborates with global ecosystem partners to drive intelligent upgrades of in-cabin interaction products, fostering a more open and dynamic intelligent cockpit ecosystem.

Strategic Upgrade of Neusoft Smart Go: A World-leading Provider of Full-Domain Upper-Body Electronics Solutions for Intelligent Vehicles

Aligning with the trend of E/E architecture evolution from distributed control to “central computing + zonal control”, Neusoft Smart Go, a subsidiary of Neusoft in the field of intelligent vehicle connectivity, has completed a strategic upgrade, aiming to become a global leader in full-domain upper-body electronics solutions for intelligent vehicles.

This strategic upgrade positions Neusoft Smart Go to focus on full-domain scenarios in upper-body electronics, building a product matrix covering full-category in-vehicle electronics solutions, including central computing platforms, cockpit-driving-parking integration, intelligent cockpits, intelligent communications, intelligent audio systems, and zonal control units, and pioneering the integration of large model algorithms.

Jian Guodong, Senior Vice President of Neusoft and CEO of Neusoft Smart Go, said, “This strategic upgrade represents a significant leap from partial focus to comprehensive layout. Through our dual-track strategy of high-end cutting-edge solutions and mature standardized products, we can flexibly meet the mass production needs of vehicle models across different regions and price segments worldwide.” Neusoft Smart Go will provide mass-producible, adaptable hardware-software integrated solutions, empowering global automakers in achieving intelligent transformation.

Neusoft’s President, Mr.Gai Longjia stated, “In the future, Neusoft Smart Go will create stronger synergy with Neusoft Corporation by sharing internal technologies and capabilities while responding jointly to external demands. This specialized yet collaborative model will preserve business unit’s agility and expertise while enhancing Neusoft’s full-stack technological advantages.”

As a trusted partner in a smarter world, Neusoft is committed to collaborating with global automakers and ecosystem partners to build an open and inclusive intelligent automotive community together for the future of global mobility.

For more information about Neusoft, please visit www.neusoft.com.

 

View original content:https://www.prnewswire.com/apac/news-releases/neusoft-showcases-full-stack–global-innovations-at-auto-china-2026-302753701.html

SOURCE Neusoft Corporation

Continue Reading

Technology

Lianlian DigiTech Returns to Money20/20 Asia to Expand Partnerships, Share Industry Trends, and Explore AI-Enabled Global Financial Infrastructure

Published

on

By

BANGKOK, April 26, 2026 /PRNewswire/ — Lianlian DigiTech, a leading global provider of digital payment services, was once again invited to participate in Money20/20 Asia, one of the world’s most influential fintech gatherings, held in Bangkok, Thailand from April 21 to 23. At the event, the company presented its latest developments in cross-border payment infrastructure, technology innovation, and ecosystem collaboration, offering a comprehensive view of its work enhancing global cross-border payment capabilities.

During the conference, Lianlian DigiTech announced a strategic partnership with UK-based fintech company USI Money to further strengthen its global cross-border payment network, delivering more efficient and reliable fund flows for merchants worldwide. Shen Enguang, Co-President of Lianlian DigiTech; Mark Ma, Head of Global Banking Partnership at LianLian Global; and Bryan Jiang, General Manager Hong Kong of LianLian Global, attended the event and engaged with representatives from international financial institutions. They shared perspectives on fintech trends and global payment innovation, offering industry insight into the continued evolution of a more integrated and interoperable cross-border payments ecosystem.

Building a Borderless Payment Network with Global Partners Including USI Money

At the event, Lianlian DigiTech formalized a strategic collaboration with London-headquartered USI Money to further develop its global payment infrastructure.

The partnership will focus on cross-border remittance and foreign exchange services, combining both companies’ technological capabilities and resources to deliver a one-stop payment and collection solution for global businesses. The offering is built to be efficient, secure, and cost-effective, improving overall fund flow efficiency and streamlining foreign exchange execution.

Syed Bukhari, Group Chief Business and Operating Officer at USI Money, said: “Our partnership with Lianlian will strengthen our remittance capabilities, creating greater value for our customers through broader network coverage and improved transaction performance.”

Bryan Jiang, General Manager Hong Kong of LianLian Global, said: “By leveraging the complementary strengths of our ecosystem partners in technology and compliance, Lianlian will continue to scale its global payment network and improve transaction efficiency. We remain committed to enhancing financial connectivity across global financial markets and delivering more efficient and reliable cross-border payment solutions for our customers.”

Founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (2598.HK), Lianlian DigiTech is a China-based, globally focused digital payment company with increasingly integrated AI capabilities across its platform. Guided by its mission of “Connecting the world, Empowering global commerce,” the company focuses on developing a trusted and scalable financial infrastructure. As of the end of 2025, Lianlian DigiTech has built a cross-border payment network covering more than 100 countries and regions, serving over 10.4 million customers worldwide.

USI Money is a foreign exchange and international remittance service provider offering tailored cross-border financial solutions for businesses and individuals. With competitive real-time exchange rates and efficient execution as its core strengths, the company delivers fast, secure, and reliable global fund transfers.

In addition, Lianlian DigiTech co-hosted a networking session with Unlimit during the event, providing a forum for industry dialogue. The session brought together a broad group of fintech partners to explore collaborative models and help foster a more connected ecosystem.

Industry Roundtables: Unlocking Layered Collaboration in AI-Driven Cross-Border Payments and Advancing Financial Inclusion in Emerging Markets

At the same time, Mark Ma and Bryan Jiang were invited to the themed roundtable discussions, where they shared insights drawn from industry practice and outlined new approaches to aligning fintech innovation with the global financial system.

At the roundtable on “Fintech and Banks,” Mark Ma noted that the global payment system is rapidly shifting from isolated capabilities to a layered, collaborative model. Banks continue to serve as the foundational infrastructure, responsible for clearing networks and liquidity management. Fintech firms like Lianlian, meanwhile, build on top of this foundation to deliver application-layer services for businesses, transforming complex cross-border payment channels into more accessible solutions that support a wider range of practical business scenarios. He also emphasized fintech’s growing role in compliance and value creation. By embedding risk controls and verification processes into technology workflows, fintech companies can act as compliance intermediaries, improving efficiency while filtering risk and enabling banks to operate more effectively at scale. Meanwhile, insights derived from transaction data and business flows allow for more precise evaluation of small and medium-sized businesses, shifting capital allocation from experience-based decisions to data-driven approaches and improving access to financial services.

At the roundtable titled “Different Worlds, Shared Challenges: Bridging Emerging Markets,” Bryan Jiang pointed out that the core of financial inclusion is shifting from scale of coverage to practical usability in everyday financial activity. The ability to serve underserved segments such as small and micro merchants and overseas workers in a sustained and reliable manner ultimately depends on continuous improvements in product design and operational capabilities. Using emerging markets as an example, Jiang explained that small and medium-sized businesses in these regions often face challenges such as difficult account setup, complex cross-border collections, high foreign exchange costs, and multi-layered tax requirements. Many existing solutions still follow traditional business-focused models, resulting in cumbersome KYB processes and lengthy review cycles that are misaligned with the asset-light, high-frequency, fast-turnover nature of these businesses. In response, Lianlian has lowered barriers to fund flows by offering local collection accounts, optimizing foreign exchange mechanisms, and improving settlement efficiency. The company has also restructured account architecture, streamlined review processes, and enhanced fund visibility, creating a more seamless and intuitive user experience that better aligns financial services with its clients’ business operations and day-to-day activities.

As digital technologies increasingly integrate with the real economy, innovations in AI and blockchain are reshaping the foundations of global financial services. Lianlian DigiTech has long invested in AI capabilities, global compliance, and the growth of its international service network. Its broad licensing coverage, regulatory track record, localized service capabilities, and technical reliability have earned the trust of regulators, customers, and partners worldwide.

Looking ahead, Lianlian DigiTech will continue to build on its cross-border expertise and compliance experience to further develop its AI capabilities and deepen collaboration with global partners. The company aims to extend its role beyond payment network services into more integrated financial infrastructure solutions. Lianlian DigiTech remains committed to serving as a trusted platform for global financial transactions in an increasingly digital environment, enabling businesses and individuals worldwide to access faster, more efficient, and more seamless cross-border financial services.

View original content:https://www.prnewswire.com/apac/news-releases/lianlian-digitech-returns-to-money2020-asia-to-expand-partnerships-share-industry-trends-and-explore-ai-enabled-global-financial-infrastructure-302753667.html

SOURCE LianLian Global

Continue Reading

Trending