Navigating the Industrial And Commercial Led Lighting Market Landscape: Size, Share, and Growth Trajectories
Market Overview Global Industrial and Commercial LED Lighting Market size and share is currently valued at USD 56.44 billion in 2024 and is anticipated to generate an estimated revenue of USD 148.90 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 LED (Light Emitting Diode) lighting represents a major breakthrough in illumination technology. Compared to conventional incandescent, fluorescent, or halogen lighting, LEDs offer superior efficiency, longer lifespan, lower maintenance, and better environmental compatibility. These features have positioned LED lighting as the go-to solution for both industrial and commercial sectors. In industrial settings—such as factories, logistics hubs, oil and gas facilities, and food processing plants—LEDs provide reliable, high-intensity illumi...