GMI Research perceives that the growth of the global ambient lighting market has emerged constantly due to the rising demand for energy-efficient and smart lighting and continuous technological development in the interior of the infrastructure by the end-users. The government across the globe takes several initiatives to decrease carbon emissions due to the rising concern of ozone depletion and global warming. These are the factors responsible for fueling the growth of the global ambient lighting market.
Introduction to Ambient Lighting Market
Ambient lighting is known as mood lighting or general lighting. It is a lighting system utilized to lighten and illuminate the indoor and outdoor areas. Ambient lighting is a primary lighting source used in commercial spaces and residential areas to give uniform brightness levels and illumination and make room lighting as natural that anyone can see and walk safely. This type of lighting is cheap to render which, is used for mobile applications. It enables to do required tasks like reading, grooming, driving, grooming, and other work.
Key Players of the Market
- ACUITY BRANDS LIGHTING, INC.
- Signify Holding
- General Electric
- Hubbell Incorporated
- IDEAL INDUSTRIES, INC.
- Osram Licht AG
- Lutron Electronics Co., Inc
- Häfele
- Honeywell International Inc.
- Zumtobel Group
Ambient Lighting Market Dynamics
The growing adoption of innovative lighting solutions due to the increasing trend for the advancement of infrastructure and the demand for the latest interior designs by the customers are crucial factors in driving the ambient lighting market growth. Ambient lighting has various advantages due to that; the adoption of such lights has increased continuously. The benefits are easy to use, enhanced energy efficiency, low cost, the ability to provides glare-free lighting are some other drivers bolstering the growth of the global ambient lighting market.
Moreover, the modernization and urbanization across the globe and the introduction of several projects for the development of smart cities in countries like Saudi Arabia, and increased paradigm towards the use of connected lighting solutions among the consumers are further steering the demand for ambient light across the globe during the forecast period. Moreover, governments worldwide have launched various policies to encourage the adoption of energy-efficient lights for saving energy. It is a significant driving force for boosting the growth of the global ambient lighting market. The high replacement cost for replacing regular lighting with ambient lighting can hamper the market growth.
Offering Segmentation Drivers
Based on the offering, the hardware segment is projected to witness a higher CAGR during the forecast period because of the increasing demand for ambient lighting solutions among the end-users due to its energy-efficient features. However, the development of infrastructure and the demand for LEDs has increased across the globe. These are some crucial factors that are striving the growth of this segment.
Type Segmentation Drivers
The ambient lighting market size of the recessed lights segment foresees to grow at a higher CAGR over the forecast period, owing to the rise in the demand for ambient lights among the customers as these lights use in the commercial and residential areas. Ambient lighting has several benefits, including better illumination, increased coverage area, glare-free lighting, variety of styles.
Geographical Drivers
Asia-Pacific region envisages growing at a faster CAGR during the forecast period. The ambient lighting market opportunities are very high in this region due to a high inclination towards energy-efficient lighting solutions in various countries like India, China, and Japan. The various government takes particular initiatives to adopt energy-efficient lights, and growing development of infrastructure in this region is further bolstering the growth of the market in this region.
Ambient Lighting Market Segmentation
Segmentation by Offering
- Software & Services
- Hardware
- Lighting Controls
- Lamps & Luminaries
- Halogen Lamps
- Incandescent Lamps
- Light-Emitting Diode (LED)
- Fluorescent Lamps
Segmentation by Type
- Suspended Lights
- Surface-Mounted Lights
- Track lights
- Strip Lights
- Recessed Lights
- Fluorescent Lamps
Segmentation by End-User
- Hospitality & Retail
- Residential
- Industrial
- Healthcare
- Automotive
- Office Buildings
Segmentation by Region
- North America
-
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of RoW
Introduction of GMI Research
GMI Research is market research, and consulting company offer research-based solutions to the client, enable them to make profitable investment decisions fast based on facts. We have insight fact-based research that enables our clients to attain success by beating their competitors.
We have an expert and trained leadership team with comprehensive experience in research and consulting. Our research and domain expertise establish a strong value proposition to develop solutions that tackle our clients’ business problems and add subsequent value to a long-lasting relationship.
We have skilled and competent analysts and professionals who work with the leading local and global Organizations. We at GMI are eager to assist our clients with dedication and quality work.
