USD 58.25 billion
Report ID:
SQMIG25E2074 |
Region:
Global |
Published Date: July, 2036
Pages:
231
|Tables:
92
|Figures:
76
Ambient Lighting Market size was valued at USD 58.25 billion in 2019 and is poised to grow from USD 63.84 billion in 2023 to USD 122.67 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
Ambient lighting is a framework used to ease up indoor and open air regions with adequate brilliance with next to no glare. Among the lighting frameworks, ambient lighting frameworks are one of the main arrangements that draw in clients across the world. Ambient lighting is one of the most widely recognized kinds of lighting all over the planet. A significant benefit of utilizing this kind of lighting is that downsizing the quantity of lights is wanted. It is a lightweight sparkle the right amount to work without bringing on any brutal glare. In the photography and cinematography portion, the ambient light is considered as "normal light" inside an area.
Ambient Lighting Business sector size will observer development because of the rising interest for agreeable and imaginative lighting arrangements, the developing pattern of contemporizing foundation, and the requirement for energy-proficient arrangements. The developing number of infrastructural undertakings and rising customer interest for upgraded inside plan add to the Ambient Lighting Business sector development.
US Ambient Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 58.25 billion
Largest Segment
Recessed Lights
Fastest Growth
Recessed Lights
Growth Rate
9.7% CAGR
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The Global Ambient Lighting Market is segmented based on type, offering, end-user, and region. Based on type Ambient Lighting Market categorized into Suspended Lights and Recessed Lights. The offering segment is bifurcated into Hardware and Software & Services. By end-user, Ambient Lighting Market study is segmented into Residential, Hospitality & Retail, Healthcare, Office Buildings, Industrial and Automotive. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Ambient Lighting Market Analysis by Type
The largest segment in the Ambient Lighting market is Recessed Lights. Recessed lights, also known as can lights or downlights, are loosely embedded in the ceiling, providing subtle and sophisticated lighting that enhances the scenery. The dominance of this piece can be attributed to the ability to provide clean and unobtrusive lighting solutions. Recessed lights not only provide ambient lighting but also play an important role in highlighting architectural elements and creating a spacious visual environment. Their popularity emphasizes the increasing demand for modern, simple aesthetics in residential, commercial, and hospitality settings.
Suspended Lights emerge as the fastest-growing segment in the ambient lighting market. These lights are often powered by ornate fixtures hanging from the ceiling and unique furnishings. The growing trend toward flexible openings in contemporary architecture has created a demand for lighting hanging the size. The market has grown exponentially because of the ability to add beauty and flexibility to designed systems. Furthermore, advances in LED technology coupled with the low energy consumption and flexibility of pendant lamps greatly contribute to rapid growth. While sustainability becomes the focus at the lighting end chemically, the environmentally friendly features of the pendant lights are more acceptable.
Ambient Lighting Market Analysis by Offering
The ambient lighting market for hardware held a bigger piece of the market in 2021. The rising interest for energy-proficient lighting arrangements is adding to the development of the market for hardware contributions. The interest for mechanization and control of lighting parts is additionally supporting the interest for the hardware section of Ambient Lighting Market. The hardware part market for ambient lighting is supposed to observe a significant dunk in 2021 attributable to the curbed request because of the coronavirus pandemic.
Ambient Lighting Market Analysis by End-use
The residential area is projected to rule the ambient lighting market over the figure period. The consistently expanding consumption of shoppers on inside planning of their homes with enlightening light impacts is expected to speed up the development of the Ambient Lighting Market. Since ambient light is answerable for transmitting the enlightenment impact for the inside of a home and making an agreeable air, the interest for the market is probably going to fuel.
Besides, the automotive industry is projected to represent a critical share. The ascent in the creation of vehicles across the globe is expected to drive the development of the Ambient Lighting Market. Ambient light is broadly utilized in vehicles to upgrade the plan and give a mitigating experience to the traveler and the driver. They are utilized to enlighten the entryway, and run trim, environment control vents, cupholders, and speaker encompasses.
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Asia Pacific is probably going to hold the biggest offer in the worldwide ambient lighting market over the gauge period. The enormous piece of the pie is credited to the expanded interest for energy-proficient and inventive light arrangements from arising economies like China and India. What's more, the expanded presence of industry players that fabricates and sells a wide scope of cost-effective answers for use in business, private, modern, medical services, and different applications across the globe is adding to the market development.
The development of the market in APAC can be ascribed to the rising interest for energy-productive lighting sources and the rising number of brilliant city projects in India, China, Japan, and South Korea. Likewise, the expanding infrastructural exercises are adding to the development of the market for ambient lighting in APAC. Rigid unofficial laws in nations like the US, Mexico, the UK, and India relating to the reception of energy-proficient
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Ambient Lighting Market Driver
Ambient Lighting Market Restraint
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The Ambient Lighting Market is competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Acuity Brands, Inc., Dialight plc, General Electric Company, Häfele, Helvar, Honeywell International Inc., Hubbell Incorporated, Ideal Industries, Lutron Electronics, Osram Licht AG, RAB Lighting Inc., Signify Holding, SPI Lighting Holdings, LLC, and Zumtobel Group, among several others who are driving the market.
Ambient Lighting Market Top Player’s Company Profiles
Ambient Lighting Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the rising purchaser mindfulness in regards to the feasible utilization of assets alongside the expansion in worries for worldwide environmental change is projected to drive the development of the business over the forecast period. However, the significant difficulties in the ambient lighting market is the absence of normal guidelines.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 58.25 billion |
Market size value in 2031 | USD 122.67 billion |
Growth Rate | 9.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Ambient Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ambient Lighting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ambient Lighting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ambient Lighting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG25E2074