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Industrial Lighting Market, 48% of Growth to Originate from APAC, Technavio

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — The global industrial lighting market size is estimated to grow by USD 2.83 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 5.7% during the forecast period.

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Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

Type (LED technology and Traditional technology), Application (New installation, Replacement installation, and Retrofit installation), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Key Companies Covered

Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Dialight PLC, Eaton Corp plc, Emerson Electric Co., General Electric Co., Glamox AS, Hubbell Inc., Iwasaki Electric Co. Ltd., Legrand SA, Mulinsen Co. Ltd., Panasonic Holdings Corp., RAB Lighting Inc., Signify NV, TRILUX GmbH and Co. KG, Wipro Ltd., Wolfspeed Inc., and Zumtobel Group AG

Regions Covered

APAC, Europe, North America, South America, and Middle East and Africa

Region Outlook

North AmericaEuropeAsiaRest of World

1. APAC – APAC is estimated to contribute 48%. To the growth of the global market. The Industrial Lighting Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

In the Asia Pacific (APAC) region, China is the leading contributor to the industrial lighting market’s revenue due to the presence of numerous LED manufacturing units and industries. The Chinese government has been providing subsidies since 2010 for Metal-Organic Chemical Vapor Deposition (MOCVD) technology, enabling many players to enter the market and purchase MOCVD tools for LED die manufacturing. With over 450 smart city projects under construction in China, the upcoming smart cities are expected to significantly drive the growth of the regional industrial lighting market. Japan is the next significant market to watch, as commercial LED lighting products have reached maturity, and manufacturers are now focusing on the industrial lighting segment to capitalize on the growing demand.

For more insights on APAC’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

Type 1.1 LED technology1.2 Traditional technologyApplication 2.1 New installation2.2 Replacement installation2.3 Retrofit installationGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Fastest growing segment:

The global industrial lighting market is experiencing significant growth due to the increasing adoption of LED technology. LED components and LED-based luminaires are increasingly being used by end-users due to their energy-saving characteristics and decreasing costs. Japan’s energy crisis following the Fukushima nuclear disaster and the European Commission’s ban on low-voltage halogen lamps are major drivers of this trend. The LED industrial lighting market will primarily be driven by the replacement market during the forecast period. New industrial units in countries like Australia, European countries, and Asia, particularly China and South Korea, will also contribute to market growth due to a focus on energy efficiency. Additionally, the adoption of smart lighting products is expected to boost sales of LED lighting systems in the industrial sector. These factors will collectively fuel the growth of the LED technology segment in the global industrial lighting market.

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Research Analysis

The Industrial Lighting Market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions, such as LED light sources. Traditional lighting technologies like Linear fluorescent lamps, Metal halide lamps, and Incandescent bulbs are being gradually replaced by LED modules due to their low energy consumption and longer lifespan. Public organizations are leading the way in this transition, with many implementing energy efficiency initiatives and adhering to regulations like Ecodesign. The penetration of LEDs in industrial lighting is on the rise, with Dialight Group’s ProSite LED floodlight being a notable offering. The shift to LEDs is also influenced by the rising energy prices and the availability of natural gas and electricity. Logistics and infrastructural development are also driving the demand for industrial lighting, with Signify being a key player in the market. Overall, the market for industrial lighting is expected to continue its growth trajectory, offering significant opportunities for companies and investors.

Market Overview

The Industrial Lighting Market is witnessing significant growth due to the widespread adoption of energy-efficient lighting solutions, such as LED Light Source, in various industries. Traditional lighting sources like Linear Fluorescent Lamps (LFL), Metal Halide Lamps (MHL), and Incandescent Bulbs are being gradually replaced with LEDs and SSL (Solid-state Lighting) due to their energy efficiency and longer lifespan. Public organizations are leading the modernization wave, with infrastructure development and urbanization driving the demand for energy-efficient lighting systems. LED modules and connected lighting solutions are the latest lighting innovations, offering customizable lighting experiences and energy savings. Natural gas and electricity prices are influencing the market dynamics, with some industries opting for natural gas-powered HIDs (High-intensity Discharge) for their energy efficiency. Logistics and e-commerce market are also adopting LED technology for their energy savings and low energy consumption. The DOE’s Energy Conservation Standards are further pushing the penetration of energy-efficient lighting solutions. LEDinside’s data triangulation reports indicate a steady increase in LED adoption across various industries. The market is expected to continue growing, with CFL, LFL, and HIDs gradually losing market share.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Aiper Unveils a New Poolside Hero at CES: Introducing the Scuba X1 Pro Max

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The pinnacle of pool cleaning, the Scuba X1 Pro Max touts power and precision for perfect pools

LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — Aiper, the global creator of award-winning smart yard technology, today announces the launch of its latest innovation in pool maintenance, the Scuba X1 Pro Max robotic pool cleaner. Combining power, precision, and intelligence, the Scuba X1 Pro Max delivers an unmatched pool cleaning experience, transforming tedious maintenance into a simple and effortless routine.

From the surface to the floor, and every corner in between, the Scuba X1 Pro Max cleaning coverage is unbeatable. Featuring OmniSense+™ 2.0, an advanced pool mapping system equipped with 40 ultrasonic sensors for adaptive path planning, the unit ensures a precise and efficient cleaning. And powered nine motors providing the world’s strongest suction at 8,500 gallons per hour (GPH), the Scuba X1 Pro Max also includes a patented MicroMesh™ ultra-fine filter to capture the smallest debris for an unmatched deep clean.

The all-in-one robotic pool cleaner intelligently adjusts its cleaning path using the FlexiPath™ 2.0 system, while Auto Mode optimizes suction power based on the pool’s debris levels, significantly boosting both cleaning efficiency and runtime. With a battery life of up to 10 hours when operating on the surface, along with true cordless operation, pool owners can enjoy a tangle-free and worry-free cleaning experience.

Additionally, the Scuba X1 Pro Max includes the brand’s new HomeComingDock™, enabling easy surface retrieval via the Aiper app, while a seamless integration with the optional HydroComm Pro provides real-time water quality monitoring, including metrics such as pH, temperature, and pool maintenance recommendations. The Scuba X1 Pro Max will be available for purchase in mid-February 2025 at $2,299 (MSRP) and will include a wireless charging dock. For a limited time, early customers will also receive a free Aiper Caddy for an easy and convenient way to transport and charge the Scuba X1 Pro Max when out of the water.

“At Aiper, we are constantly pushing the boundaries of what robotic pool cleaners can do and resetting the industry standard. The Scuba X1 Pro Max represents a significant leap forward, combining advance technology with user-friendly and user-centric design to deliver an effortless and enjoyable pool-cleaning experience,” said Richard Wang, CEO of Aiper.

To celebrate the new line up products, Aiper is thrilled to be named the Official Robotic Pool Cleaner of the Arizona Diamondbacks. Providing industry-leading entertainment in a clean, safe and family-friendly environment, MLB’s D-backs call Chase Field, in downtown Phoenix, home. Chase Field is the first Major League Baseball stadium to feature a pool, and Aiper will be keeping this famous water feature sparkling clean all season long. As part of the CES trade show launch event on January 8, former D-back outfielder, Luis “Gonzo” Gonzalez, along with the organization’s senior vice president of corporate partnerships, Steve Mullins, were in attendance at the Aiper booth (#52311) to show their support.

For more information about the Scuba X1 Pro Max visit www.aiper.com and follow Aiper on LinkedInFacebookInstagramTikTok, and X.

About Aiper

Aiper is the leading global creator of innovative cordless robotic pool cleaners on a mission to Bring Vacation Home by inspiring pool owners to turn their backyards into a personal oasis with the help of smarter cleaning solutions. After doing a deep dive into the pain points of traditional pool cleaners, the company embarked on a path to merge technology with innovative design to create the world’s most easy-to-use robotic pool cleaners that are not only cord and hassle-free but can automatically handle all the dirty work so pool owners can stop manually cleaning. Unlike other products on the market, each Aiper robot is guaranteed to minimize the time and money spent cleaning and give more time back to enjoy quality time with friends and family by the pool. Through that, Aiper has earned its place as the world’s best cordless robotic pool cleaner since its launch. In 2023 and 2024, Aiper products have been named CES Innovations Award Honorees.

 

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SOURCE Aiper

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TENNIS: PIRELLI AND AUSTRALIAN OPEN SIGN A MULTI-YEAR PARTNERSHIP BEGINNING FROM 2025

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MELBOURNE, Australia, Jan. 9, 2025 /PRNewswire/ — From this year, Pirelli will be the Official Tyre Partner of the Australian Open, which will start on Sunday 12 January in Melbourne. After motorsport, football, sailing and skiing, Pirelli enters tennis, choosing to support the Grand Slam with a partnership which represents a high-profile showcase for promoting the brand throughout the world.

Andrea Casaluci, CEO of Pirelli: “For Pirelli, the Australian Open represents a very important opportunity for visibility because of the great interest in tennis at the global level. In particular, the sponsorship will help increase awareness of our brand in Australia which is a market with a high concentration of prestige cars. Precisely in Melbourne, home of the tournament, in 2019 we opened a Pirelli P Zero World, our flagship store model currently present in only four other cities in the world”.

Cedric Cornelis, Tennis Australia Chief Commercial Officer: “We are very pleased to announce Pirelli as the Official Tyre Partner of the Australian Open. Pirelli is synonymous with innovation and performance, making it a great fit for one of the world’s premier tennis events. We are delighted that Pirelli has chosen the Australian Open to mark its first investment in a Grand Slam.”

PIRELLI AND SPORT

Pirelli’s connection with tennis dates to 1930 when the company began making tennis balls, until the 1970s. The passion for sport has always characterized the history of Pirelli, as demonstrated by the different disciplines in which it participates, from football to sailing to skiing. In motorsport, where Pirelli has competed since 1907, it is today present in over 350 competitions starting from the top level with Formula 1©.

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SOURCE Pirelli Tyre

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IndiaBonds.com Launches Digital Fixed Deposits – Expands Fixed Income Product Suite

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MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — IndiaBonds.com, a SEBI-registered Stock Broker (Debt Segment) & licensed Online Bond Platform Provider (OBPP), has launched Digital Fixed Deposits (FDs), making fixed-income investments more accessible and convenient for individual investors across India. With this addition, IndiaBonds.com now offers a unified platform for managing both bonds and fixed deposits seamlessly, bringing all fixed-income investments under one ambit. This launch is in line with IndiaBonds’ vision to deliver stable and rewarding investment options to retail investors while simplifying portfolio management.

The platform offers a fully digital, paperless onboarding process, including quick KYC completion, making it easy for retail investors to get started. On the platform, the investors can earn up to 9.4% interest in their fixed deposit investments. Its integrated portfolio dashboard provides clear insights into cashflows, returns, and fixed income allocations, helping investors track and manage their investments efficiently.

By combining the stability of fixed deposits with the big flexibility of bonds, the platform empowers investors to build balanced, diversified portfolios. Additionally, investors benefit from customizable payout options, low minimum investment requirements, and the convenience of managing all their fixed-income investments in one place. The platform will expand its offerings with additional FD partners in the coming weeks.

Vishal Goenka, Co-founder of IndiaBonds.com, said, “At IndiaBonds, we have always focused on making regulated fixed-income investments simple, transparent, and accessible for individual investors. The launch of Digital Fixed Deposits is a natural step forward in our journey of expanding product offerings. By integrating bonds and FDs on one platform, we are enabling investors to optimize their portfolios effortlessly and take full advantage of fixed-income opportunities in the current market environment.”

He added, “We are committed to continuously evolving our platform and product suite to provide clients with seamless access to stable and diversified investment options, empowering them to make informed financial decisions with ease.”

This innovative offering not only caters to the growing demand for diverse investment options but also reinforces IndiaBonds.com’s commitment to empowering individual investors with tools to make informed and rewarding financial decisions.

About IndiaBonds

Launched in 2021, IndiaBonds is a SEBI-registered leading Online Bond Platform Provider. It provides access to investors in the fixed-income market in a low-cost, transparent, and easy-to-use manner.

At the helm of this bondtech company are industry veterans — Vishal Goenka, Co-Founder, and Aditi Mittal, Co-Founder & Director. This core team is committed to pioneering the digital revolution in the corporate bond market in India.

IndiaBonds provides a wholesome solution to bond investing to its customers and enables them to unlock the value of the fixed-income asset class. The experienced team assists investors with access to a wide choice of bond investment opportunities that provide stability, generate predictable income, and meet their investment objectives.

Within the Online Bond Platform Providers community, IndiaBonds is recognized as a revolutionizing fintech start-up owing to some of its ground-breaking innovations in the fixed-income industry.

In 2022, it announced the launch of its strategic tool, the Bond Yield Calculator, which aids investors by simplifying the complexities of calculating corporate bond prices and yield.

In 2021, it launched a comprehensive Bond Directory for the general public to have detailed information on all INR-denominated bonds outstanding in India.

 

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