Research and Markets has published a new analysis, Commercial Lighting Market by Offering, Installation Type, Communication Technology, End-use Application, End-user Global Forecast 2025-2030. The 187-page document covers key factors driving the growth of the commercial lighting market sector (including fixtures for hospitality, retail, workspaces, and more applications), which reached over $17 billion in 2024 and is expected to grow at a CAGR of more than 20% in the coming years. The analysis forecasts that the market will reach over $56 billion by 2030 due to increased sustainability efforts, including a focus on human-centric adaptive lighting, adoption of smart lighting and retrofitting infrastructure, as well as the acceleration of urbanization.
The analysis provides information on market restraints, such as the maintenance of fixtures, as well as market opportunities, such as solar lighting solutions, in addition to the PESTLE (political, economic, social, technological, legal and environmental) factors that influence market data. Regions explored within the study include the Americas, Asia-Pacific, as well as Europe, the Middle East, and Africa.
To find the full report, visit www.researchandmarkets.com(opens in a new tab).