Architectural Lighting Market Size, Companies Share, Growth, Opportunities, Trends and Scope Forecast to 2022-2027

Architectural Lighting Market

The IMARC Group provides extensive analysis of the architectural lighting industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on architectural lighting market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

  • Historical market data from 2016-2021
  • CAGR of the market during the forecast period 2022-2027
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Keyword market size and its contribution to the parent market
  • Upcoming market trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on key players
  • Comprehensive details of factors that will challenge the growth of smart meters market key players

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The global architectural lighting market size reached US$ 6.0 Billion in 2021. Architectural lighting represents a combination of technology and art that enhances the experience and ambiance of any space or building. It aids in improving the aesthetical impact of a space by providing a balance between lighting and architecture, along with controlling the energy consumption. Consequently, it finds wide-ranging applications across several sectors, including retail, education, residential, hospitality, commercial, industrial, etc.

Architectural Lighting Market Trends:

The increasing investments in the construction of smart city infrastructures, such as bridges, roadways, commercial buildings, etc., are primarily driving the architectural lighting market. Additionally, the widespread LED-based product adoption with low carbon footprints that are more efficient in terms of power consumption and minimizes the adverse effects on the environment as compared to other conventional lighting solutions is further catalyzing the market growth. Besides this, the escalating demand for energy-efficient architectural lighting systems to reduce maintenance expenditures is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are launching smart variants integrated with sensors for providing safe and efficient on-demand lighting, owing to numerous technological advancements, which is also augmenting the global market. Apart from this, the introduction of control systems that offer the option for setting the light intensity according to the need of the consumers and high performance is anticipated to fuel the global architectural lighting market over the forecasted period. Looking forward, IMARC Group expects the global architectural lighting market to reach US$ 8.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.9% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Signify Holding
  • OSRAM GmbH
  • Cree Lighting
  • General Electric Company
  • Acuity Brands Lighting Inc.
  • Seoul Semiconductor Co.
  • Ltd, Samsung
  • Griven S.r.l.

Key Highlights of the Market Segmentation:

Breakup by Light Source:

  • Fluorescent Lights
  • High Intensity Discharge (HID) Lights
  • Light Emitting Diode (LED) Lights
  • Others

Breakup by Lighting Type:

  • Ambient
  • Task
  • Accent

Breakup by Application:

  • Wall Wash
  • Cove Lighting
  • Backlighting
  • Others

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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