Architectural Lighting Trends and Forecast
The future of the global architectural lighting market looks promising with opportunities in the residential and commercial markets. The global architectural lighting market is expected to reach an estimated $12.17 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing need for innovative and aesthetically pleasing lighting solutions and integration of smart LED based architectural lighting.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Architectural Lighting by Segment
The study includes a forecast for the global architectural lighting by type, end use industry, and region.
Architectural Lighting Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• LEDs
• Fluorescent Lights
• HIDs
• Others
Architectural Lighting Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
Architectural Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Architectural Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies architectural lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the architectural lighting companies profiled in this report include-
• General Electric
• Philip
• Osram
• Feilo Sylvania
• TCP International Seagull
• Orion Energy Systems
• Acuity Brands Lighting
Architectural Lighting Market Insights
Lucintel forecasts that LEDs is expected to witness highest growth over the forecast period due to high need of energy efficiency, longebility, and durability.
Within this market, commercial will remain the largest segment increasing need for showcasing logos, colors, and design elements that reflect the brandÄX%$%Xs image and values.
APAC is expected to witness highest growth over the forecast period due to lifestyle improvement, increased disposable income, and the need of affordable lighting inj the region.
Features of the Global Architectural Lighting Market
Market Size Estimates: Architectural lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Architectural lighting market size by type, end use industry, and region in terms of value ($B).
Regional Analysis: Architectural lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the architectural lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the architectural lighting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the architectural lighting market size?
Answer: The global architectural lighting market is expected to reach an estimated $12.17 billion by 2030.
Q.2 What is the growth forecast for architectural lighting market?
Answer: The global architectural lighting market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the architectural lighting market?
Answer: TThe major drivers for this market are growing need for innovative and aesthetically pleasing lighting solutions and integration of smart LED based architectural lighting.
Q4. What are the major segments for architectural lighting market?
Answer: The future of the architectural lighting market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key architectural lighting market companies?
Answer: Some of the key architectural lighting companies are as follows:
• General Electric
• Philip
• OSRAM
• Feilo Sylvania
• TCP International SeaGull
• Orion Energy Systems
• Acuity Brands Lighting
Q6. Which architectural lighting market segment will be the largest in future?
Answer: Lucintel forecasts that led is expected to witness highest growth over the forecast period due to high need of energy efficiency, longebility, and durability.
Q7. In architectural lighting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to lifestyle improvement, increased disposable income, and the need of affordable lighting inj the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the architectural lighting market by type (LEDs, fluorescent lights, HIDs, and others), end use industry (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Architectural Lighting Market, Architectural Lighting Market Size, Architectural Lighting Market Growth, Architectural Lighting Market Analysis, Architectural Lighting Market Report, Architectural Lighting Market Share, Architectural Lighting Market Trends, Architectural Lighting Market Forecast, Architectural Lighting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.