Between 2023 and 2028, the Industrial Lighting Market is set to grow by USD 3.25 billion, at a CAGR of 6.43%, according to Technavio. The rise in energy-efficient LED lighting technologies is largely driving this growth, as industries and communities prioritize sustainable energy use. With modernization and infrastructure development underway in many regions, industries are increasingly turning to LED solutions to reduce energy costs and carbon footprints. Government initiatives supporting energy efficiency are further propelling the market. Additionally, ongoing innovation in LED technology, including outdoor lighting, is creating new opportunities for market players. As a result, businesses and industrial facilities are focusing on adopting greener solutions to align with global sustainability goals, ensuring that the industrial lighting market remains on a strong growth trajectory.

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