Spending for industrial lighting products will see slowing growth momentum in spending in the coming years although replacements of incandescent lights will continue to boost the demand, says a report by procurement market intelligence firm SpendEdge, based in London.
The report, “Global Industrial Lighting Category - Procurement Market Intelligence Report,” says buyers can achieve reduced upfront costs on new industrial lighting products by choosing cost-effective industrial lighting solutions.
The report’s authors expect several factors to play key roles in influencing spending on industrial lighting. Among them are replacement of incandescent lights with energy-efficient LED lights, demand for energy-efficient and safer industrial lighting sources in hazardous locations.
