Global Industrial Lighting Category - Procurement Market Intelligence Report

Industrial lighting market overview

The industrial lighting procurement report predicts a decelerated spend growth momentum for the category in the coming years. However, the increasing replacement of incandescent lights with energy-efficient LED lights will drive demand of the industrial lighting. Additionally, stringent regulations against manufacturers are also leading to the adoption of industrial lighting sources such as LED lights and HIDs. This procurement report also offers detailed insights into the supply market and identifies the key category growth drivers to help the buyers reduce spend.

Why should you buy the report?

This procurement report on the industrial lighting market provides insights into strategic category management objectives and category pricing strategies to help the buyers and the suppliers achieve cost-savings. It also offers insights into the sustainability practices and risk management/mitigation strategies to improve category spend. Key insights offered in this report will help the buyers:

• Understand the spend potential within the industrial lighting market
• Understand market competitiveness score
• Analyze comparison of category maturity across regions
• Analyze the global and regional spend opportunity
• Analyze the impact of cost and volume drivers on pricing

Understand the global category spend for the industrial lighting market   

According to this industrial lighting procurement report, which is a part of SpendEdge's facility management category, the industrial lighting market is anticipated to witness an increase in the global category spend in the coming years. This growth is attributed to the increase in the demand for energy-efficient and safer industrial lighting sources in hazardous locations such as mills, oil and gas industries, pharmaceutical industries, and fireworks agencies. Additional insights offered in this procurement report include:

• Global spend on industrial lighting for the period of 2017-2022
• Risk management strategies
• Category growth enablers
• Buyer and the supplier ecosystem

Optimize category spend for the industrial lighting market

In the industrial lighting market, buyers must engage with suppliers who can offer cost-effective industrial lighting solutions. This helps buyers in reducing upfront costs associated with the purchase of new lighting equipment. This industrial lighting procurement report also offers a coverage of:

• Strategic sustainability practices
• Supplier and the buyer KPIs
• The total cost of ownership

Understand the industrial lighting supply landscape

An analysis of the industrial lighting supply market shows that the buyers should engage with a single supplier who possesses a vast portfolio of industrial lighting product comprising LED lights, HIDs, and fluorescent lights. This helps buyers in reducing management complexities that arise in multiple supplier engagements. This procurement report also identifies the major costs incurred by the suppliers and offers a coverage of:

• Incumbent supplier evaluation criteria
• Supplier operational capability
• Supplier ecosystem outlook

Build effective category management strategies for the industrial lighting market

A major category requirement for the buyers in the industrial lighting supply market is to engage with suppliers over long-term contracts as they foster a closer collaboration between the buyers and the suppliers. This helps buyers in designing efficient cost-saving measures that can be implemented at their facilities. Key insights offered in this procurement report on industrial lighting will help the buyers identify:

• Global and regional category risks
• Quality assurance metrics
• Cost control measures

An analysis of the top suppliers and the best negotiation levers is offered in this procurement report on industrial lighting.

Industrial lighting is used to illuminate and maintain adequate visibility in the business environment. It has a wide range of application areas such as assembly lines, warehouses, process areas, commercial complexes, and office space. This upcoming procurement research report, which is part of SpendEdge's facility management category, would provide actionable insights on the market drivers, pricing strategies, procurement challenges, and the supplier risks in the global industrial lighting market.

Category overview of the global industrial lighting market

Analysts at SpendEdge consider the various segments within the market. Based on the key market segments, the industrial lighting can be categorized into:

• LED
• HID
• Fluorescent 

Furthermore, this report also considers key products in the category including lamps and luminaries and control systems.

This upcoming procurement research report on the global industrial lighting market would provide detailed insights into the continuously evolving supplier landscape to help improve source-to-contract cycle performance. Additionally, it helps procurement professionals understand supplier and market challenges, develop enhanced category strategies, implement sourcing best practices, and boost savings.