Industrial lighting market driven by LED adoption
The LED lighting market is likely to grow at the highest rate during the forecast period. LEDs are one of the types of solid-state lighting technologies, which are increasingly being used in industrial applications, including warehouses and cold storage, factory and production lines, and outer premises.
According to the report, the industrial lighting market in RoW will grow at the highest CAGR. On a global level, RoW is expected to grow at the highest CAGR during the forecast period. Countries in the RoW region are likely to witness an extensive growth in infrastructural building projects. Therefore, the industrial lighting market in this region is expected to exhibit a high growth.
Safety is an important parameter for industrial set-ups such as plants, warehouses, and distribution centers. As a result, industrial lighting plays a key role in maintaining adequate illumination and enhancing productivity.