Home > > Global Commercial Lighting Market Report
The Commercial Lighting market was valued at $8,066.5 Million in 2022, and is projected to reach $56,603.4 Million by 2032 growing at a CAGR of 21.60% from 2023 to 2032.There are several drivers, opportunities, and trends in the commercial lighting market. Some of the key drivers include the increasing adoption of energy-efficient lighting technologies, the growing demand for smart lighting solutions, and the increasing focus on building automation and lighting control systems. Opportunities in the commercial lighting market include the growing demand for lighting solutions in emerging markets, the increasing adoption of LED lighting technologies, and the increasing demand for lighting as a service (LaaS) and other innovative business models. Some of the key trends in the commercial lighting market include the increasing use of connected and smart lighting systems, the adoption of human-centric lighting solutions, and the growing demand for smart cities and intelligent building technologies. Some of the top companies in the commercial lighting market include Philips Lighting, Osram, GE Lighting, Cree, and Acuity Brands. These companies have all made significant developments in the commercial lighting market, including the development of energy-efficient lighting technologies, smart lighting solutions, and building automation and lighting control systems.