From GlobeNewswire: 2025-06-27 10:30:00

The Industrial Lighting Market is set to grow from USD 8.46 Billion in 2024 to USD 14.90 Billion by 2032, with a CAGR of 7.33%. Smart, energy-efficient solutions are driving this growth, with LED technology and IoT controls leading the way. The U.S. market is expected to reach USD 3.92 billion by 2032.

LED lighting accounted for 59% of the market in 2024, with a projected 7.67% CAGR from 2025 to 2032. High/Low Bay Lighting dominated with a 63% revenue share and is expected to grow at a CAGR of 8.26%. The manufacturing sector held the largest share, while the warehouse segment is set to grow the fastest.

North America led the market in 2024, driven by LED adoption and investments in smart manufacturing. Asia-Pacific is projected to have the fastest growth, with Europe and Latin America also experiencing steady growth. Action Services Group recently unveiled Next Gen LED Solutions for enhanced energy efficiency.



Read more at GlobeNewswire: Industrial Lighting Market Size to Reach USD 14.90 Billion