(France), Leviton Manufacturing Company, Inc. (Cree Lighting) (US), LEDVANCE GmbH (Germany), Legrand S.A. (US), Daintree Company (US), GE Current (US), Hubbell Incorporated (US), Ideal Industries, Inc. Download Free Sample Copy Here: Leading Players: Signify (Philips Lighting) (Netherlands), Acuity Brands, Inc. In contrast to residential lighting, which primarily aims to create a comfortable and relaxing atmosphere, Commercial Lighting often places a premium on functionality, energy efficiency, and cost-effectiveness. The principal objectives of Commercial Lighting revolve around providing sufficient illumination for diverse tasks and activities within these commercial spaces, enhancing the visual appeal of the environment, and bolstering overall safety and productivity. These environments encompass a wide range of spaces, including offices, retail stores, restaurants, hotels, warehouses, manufacturing facilities, healthcare institutions, educational establishments, and other non-residential settings. Commercial Lighting pertains to lighting systems and fixtures specifically designed and installed for use in commercial environments. This growth is expected to occur at a robust Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period spanning from 2023 to 2030. Newsmantraa The Commercial Lighting Market is projected to experience substantial growth, with an anticipated increase from USD 10.2 Billion in 2022 to an estimated USD 39.7 Billion by 2030.
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