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Commercial Lighting Market Key Insights
Commercial Lighting Market Analysis by Regions
Commercial Lighting Market Analysis by Segments
Commercial Lighting Market Size (current and future)
Commercial Lighting Market Competitive Benchmarking
2 years ago
Global Commercial Lighting Market Size study, By Offering (Hardware, Software, Services), By Communication Technology (Wired, Wireless), By Application (Indoor, Outdoor), and Regional Forecasts 2022-2028
"Global Commercial Lighting Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Commercial Lighting is a form of a LED semiconductor light source that emits light when current flows through it. The commercial-grade light products are manufactured from an enhanced quality LED dri...
Commercial Lighting Market
Commercial lighting is generally used in commercial areas like stores, organisations, government buildings, hospitals, and offices – basically every space not residential, manufacturing, or industrial. Many drivers assist in developing the international commercial lighting market.
A few leading factors include growing demand for LED lights, a massive shift toward connected lighting solutions instead of traditional lighting, and the high incorporation of solar and PoE-based lighting systems.
Moreover, rising smart city projects and urbanisation will likely expand the global industry even more. But investment in commercial lighting can be extremely costly due to installation, integration, and maintenance charges. This can dampen the overall development.
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