Press release
Ambiance Lighting Market Trends and Growth By Key Players: Osram, Philips, Acuity Brands, Wipro, GE, Hubbell lighting, Cree, Eaton, Thorn Lighting, Hafele
Ambiance Lighting Market
Ambiance Lighting Market will expand owing to increasing applications in residential, industrial, automotive, hospitality, retail. Rising awareness about energy efficient lighting sources will drive the overall industry growth. Manufacturers developing low power consumption and eco-friendly lights will support the industry growth during forecast period.
Increasing application in decorative illumination for residential and commercial purpose fuels the demand for ambiance lighting market. Increasing industrial projects and upgradation of infrastructure in developing countries will support the industry growth during forecast period. Stringent government regulation on implementation of energy efficient lights will boost the demand for low energy consumption illumination alternatives.
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Top Key Players: -
Some of the participants in ambiance lighting market are Osram, Philips, Acuity Brands, Wipro, GE, Hubbell lighting, Cree, Eaton, Thorn Lighting, Hafele. Competitors focus on developing low cost products available in various colors, shape and size to gain market share. Companies also use marketing strategies to build brand name and increase awareness about their product.
Market share calculation in this report is not done based on companies covered in it. The calculation of ambiance lighting market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific is estimated to dominate overall ambiance lighting market owing to wide usage of the products in automotive, hospitality, retail, architecture & commercial industries including residential segment. Strong product demand in with highest consumers in various application will boost the overall industry growth.
North America is expected to witness significant growth during the forecast timeframe owing to high demand for energy efficient lighting. Moreover, presence of end-user in automotive & residential application will boost the demand of ambiance lighting market share in forecast period.
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Based on product, ambiance lighting market is categorized in to hardware and software. Hardware includes lamps luminaries, casing and other components. Hardware hold largest share as it used in most of residential as well as industrial application. Demand of hardware light is likely to increase in forecast period. Software includes control systems which enables color change and on/off control. Increasing demand for smart lighting will support the software requirements.
Based on lights, the industry is divided in surface mounted lights, track lights, strip lights, recessed and suspended light type. Surface mounted fixed illumination provide fixed illuminations and is used in commercial settings. Increasing demand from industrial and commercial applications will drive the demand for surface mounted lights during the forecast period. Airports and shops deploying decorative illumination for improving customer experience will drive the demand for suspended lights. Growth of strip light is attributed to advantages such light weight strips & easy installation of product. High demand for decorative purpose lights and availability wide colors will boost the growth of strip lights.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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