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Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published May 29, 2023
Length 141 Pages
SKU # IMRC17986247

Description

Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global architectural lighting market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Architectural lighting is a combination of technology and art that enhances the experience and ambience of any space or building. Architectural lighting majorly focuses on three aspects of any building or area, i.e. aesthetics, functionality and energy efficiency. Aesthetic aspect focuses on enhancing the emotional impact of a space by providing a balance between lighting and architecture. This aspect is mostly associated with retail locations and interior lighting to attract large masses. Functionality aspect includes illumination of space precisely to perform specific tasks such as writing, reading and navigation. Furthermore, the energy efficiency aspect includes the maximum impact of lighting with minimum energy consumption. Owing to these aspects, architectural lighting solutions find diversified applications across various sectors, including residential, retail, education, hospitality, commercial, industrial, etc.

The global architectural lighting market is primarily driven by the growing adoption of LED lighting solutions, increasing advancements in lighting technology, growing urban space, rising demand for aesthetic lights and surging need for energy-efficient lighting devices. Architectural lighting is one of the early adopters of LED lighting. LED lights are more flexible and efficient in terms of power consumption and colors as compared to other conventional lighting solutions. LED-based architectural lighting is often featured with low carbon footprints that minimizes the adverse effects on the environment. LED lighting solutions lower energy consumption as well as reduces the maintenance expenditures, which is further driving the growth of the global architectural lighting market. Furthermore, based on several technological advancements, various key players are launching smart architectural lighting solutions integrated with sensors for providing safe and efficient on-demand lighting. The introduction of smart lighting and control systems offers architectural luminaires with high performance, intelligent control with lower energy consumption, along with the option for setting the light intensity according to the consumer’s need. Moreover, the increasing demand for energy-efficient lighting systems coupled with the growing investments in the construction of smart city infrastructures such as bridges, roadways and commercial buildings is propelling the growth of the global architectural lighting market. Furthermore, the refurbishment and reconstruction of several historic and public infrastructures supported by rapid urbanization is also expected to drive the architectural lighting market in the coming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global architectural lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on light source, lighting type, application and end use.

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
South Korea
Others

Middle East and Africa

United Arab Emirates
Saudi Arabia
Qatar
Iraq
Others

Latin America

Brazil
Mexico
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Signify Holding B.V., OSRAM GmbH, Cree Lighting, The General Electric Company, Acuity Brands Lighting Inc., Seoul Semiconductor Co., Ltd., Samsung Electronics Co., Ltd. and Griven S.r.l.

Key Questions Answered in This Report:

What is the market size for the global architectural lighting market 2022?

What is the global architectural lighting market growth 2023-2028?

What are the global architectural lighting market drivers?

What are the key industry trends in the global architectural lighting market?

What is the impact of COVID-19 on the global architectural lighting market?

What is the global architectural lighting market breakup by light source?

What is the global architectural lighting market breakup by lighting type?

What is the global architectural lighting market breakup by application?

What is the global architectural lighting market breakup by end use?

What are the major regions in the global architectural lighting market?

Who are the key companies/players in the global architectural lighting market?

Table of Contents

141 Pages
1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Architectural Lighting Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Light Source
  6.1 Fluorescent Lights
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 High Intensity Discharge (HID) Lights
6.2.1 Market Trends
6.2.2 Market Forecast
  6.3 Light Emitting Diode (LED) Lights
6.3.1 Market Trends
6.3.2 Market Forecast
  6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Lighting Type
  7.1 Ambient
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 Task
7.2.1 Market Trends
7.2.2 Market Forecast
  7.3 Accent
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
  8.1 Wall Wash
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Cove Lighting
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 Backlighting
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End Use
  9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
  9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
  9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
  9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10  Market Breakup by Region
  10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
  10.2 Europe
10.2.1 Germany
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 France
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 United Kingdom
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 Italy
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Spain
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Others
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
  10.3 Asia Pacific
10.3.1 China
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 Japan
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 India
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Australia
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Indonesia
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 South Korea
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
  10.4 Middle East and Africa
10.4.1 United Arab Emirates
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Saudi Arabia
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Qatar
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.4.4 Iraq
10.4.4.1 Market Trends
10.4.4.2 Market Forecast
10.4.5 Others
10.4.5.1 Market Trends
10.4.5.2 Market Forecast
  10.5 Latin America
10.5.1 Brazil
10.5.1.1 Market Trends
10.5.1.2 Market Forecast
10.5.2 Mexico
10.5.2.1 Market Trends
10.5.2.2 Market Forecast
10.5.3 Others
10.5.3.1 Market Trends
10.5.3.2 Market Forecast
11  SWOT Analysis
  11.1 Overview
  11.2 Strengths
  11.3 Weaknesses
  11.4 Opportunities
  11.5 Threats
 12 Value Chain Analysis
 13 Porters Five Forces Analysis
  13.1 Overview
  13.2 Bargaining Power of Buyers
  13.3 Bargaining Power of Suppliers
  13.4 Degree of Competition
  13.5 Threat of New Entrants
  13.6 Threat of Substitutes
 14 Competitive Landscape
  14.1 Market Structure
  14.2 Key Players
  14.3 Profiles of Key Players
14.3.1 Signify Holding B.V.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio 
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 OSRAM GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio 
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Cree Lighting
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio 
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 The General Electric Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio 
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Acuity Brands Lighting Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio 
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Seoul Semiconductor Co., Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio 
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Samsung Electronics Co., Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio 
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
 14.3.8 Griven S.r.l.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio 
14.3.8.3 Financials
14.3.8.4 SWOT Analysis 

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