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Industrial Lighting Market size is estimated to witness significant gains by 2023

The growth in the industry can be attributed to rising population, increasing income and swiftly urbanization. In addition, proliferating concerns for insufficiency of resources along with climate changes might positively impact the industry growth over the few upcoming years.

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Industrial Lighting Market size is estimated to witness significant gains by 2023

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  1. Industrial Lighting Market size is estimated to witness significant gains by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Industrial Lighting Market : • North America was valued around USD 1.5 billion in 2012 and it is likely to witness moderate growth over the forecast period. • Europe industrial lighting market was valued around USD 1.4 billion in 2012. It is likely to witness moderate growth owing to the debt crises in the region. • Latin America was valued around USD 120 million in 2012. It is anticipated to exceed USD 150 million by 2023. • Middle East and Africa regions was valued for over USD 351 million in 2012 is estimated to exceed USD 420 million by 2023. • BRIC countries such as Brazil, Russia, India and China are projected to witness intensifying growth. As these are the developing economies, they are likely to furnish high growth avenues over the forecast period.

  3. Application Analysis of Industrial Lighting Market : • The industry involves high use of various lights such as incandescent, halogen, linear, fluorescent lamps (LFL), high-intensity discharge lamps (HID), compact fluorescent lamps (CFL), organic light emitting diode (OLED) and light emitting diode (LED) technology. • It can be further segregated into certain sub-technologies namely metal halide, high-pressure sodium and cold cathode fluorescent lamps (CCFL). • The global industrial lighting market offers various lamps with varied features such as intensity, dimensions & design and function. In addition, it also offer lighting solutions based on reliability, efficiency and superior performance.

  4. Competitive Market Share of Industrial Lighting Market : • Key industry participants occupying significant industrial lighting market share include Siemens, Philips, GE Lighting, OSRAM Gmbh, Acuity Brands Lighting, Inc., Crompton greaves Ltd., Havells India Ltd, USHIO America, Inc. and Litetronics International, Inc. among others.

  5. Browse Full Market Research Report On Industrial Lighting Market @ https://www.gminsights.com/industry-analysis/industrial-lighting-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/275

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