Press release
Global Architectural Lighting Market is expected to mask a CAGR of 9.8% by 2023 | Top Key Players – General Electric Company, Philips Lighting, Samsung LED, OSRAM GmbH
The Architectural Lighting market is expected to mask a CAGR of 9.8% during the projected period. Further, the market was calculated at USD XXXX billion in 2017 and is anticipated to reach a notable valuation by the end of the forecast period. The architectural lighting is used within the architecture such as construction buildings, hotels, homes, restaurants, and any other structures. It is used for the decorative purposes for enhancing the interior of a building to achieve a healthier and more pleasing environment in organizations, residential sectors, and others. Architectural lighting systems include natural light, electric light, or both, and with the different colors, as per the human needs.
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Growth Drivers & Restraints
Over the years, increasing advances in lighting technology are one of the major factors that are encouraging the demand for architectural lighting. The rising number of organizations and the growing urban landscape are the major factors that positively influence the growth of the architectural lighting market. Moreover, increasing awareness of green technology is one of the key drivers for architectural lighting. Since manufacturers are focusing on energy efficient and environmentally friendly decorative lights. This has been one of the major developments in the lighting industry.
Additionally, government initiatives such as smart city projects, infrastructure development projects by various local governments are also encouraging the demand for architectural lighting. Moreover, the increase in the number of residential and commercial buildings has led to a rise in the demand for architectural lighting across the globe. Based on the lighting segment type the architectural lighting market is categorized in ambient, accent, and task lighting. The accent lighting segment dominates the market as accent lighting is a cost-effective and highly used lighting in commercial and residential sectors such as hotels, restaurants, homes, hospitals and other residential structures. In terms of region, Asia Pacific acquired lion shares in the market and China is the strongest country for the architectural lighting in this region. Large population base has increased the construction activity in China which in turn allowing the country to dominate the architectural lighting market in the Asia Pacific region. This factor is projected to drive the growth of the architectural lighting market in the coming years.
However, high manufacturing cost associated with architectural lighting is estimated to restrain the growth of the architectural lighting market. Moreover, the installation and customization services offered by architectural lighting companies are expansive and this factor is estimated to hinder the growth of the architectural lighting market.
Segmentation
The research offers a comprehensive analysis of Architecture lighting market with respect to following sub-markets:
By Type
- Incandescent Lights
- Fluorescent Lights
- High Intensity Discharge (HID) Lights
- Light Emitting Diode (LED) Lights
- Others
By Lighting Type
- Task Lighting
- Ambient Lighting
- Accent Lighting
- Others
By Services
- Installation Services
- Inspection Services
- Maintenance Services
- Customization Services
- Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
- General Electric Company
- Philips Lighting
- Samsung LED
- OSRAM GmbH
- Delta Light
- TCP International Holdings Ltd
- SeaGull Lighting
- Orion Inc.
- Acuity Lighting Inc.
- Artemid Architectural
- XAL
- Others Prominent players
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Table of Contents@
1. Executive Summary
2. Methodology
2.1. Research Methodology
2.2. Geographic Scope
2.3. Years Considered
3. Market Overview
3.1. Overview and Definition
3.1.1. Market Definition
3.1.2. Geographic Regions Definition
3.1.3. Architectural Lighting Definition
3.2. Industry Development
3.3. Porter’s Five Force Analysis
3.4. Industry Value Chain Analysis
4. Growth Drivers & Barriers in Global Architectural Lighting Market
5. Trends in Global Architectural Lighting Market
6. Global Architectural Lighting Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
7. Global Architectural Lighting Market Segmentation Analysis, By Type
7.1. Introduction
7.2. BPS Analysis By Type
7.3. Market Attractiveness By Type
7.4. Incandescent Lights Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
7.5. Fluorescent Lights Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
7.6. High Intensity Discharge (HID) Lights Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
7.7. Light Emitting Diode (LED) Lights Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
7.8. Others Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Architectural Lighting Market Segmentation Analysis, By Lighting Type
8.1. Introduction
8.2. BPS Analysis By Lighting Type
8.3. Market Attractiveness By Lighting Type
8.4. Task Lighting Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Ambient Lighting Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Accent Lighting Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Others Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Architectural Lighting Market Segmentation Analysis, By Services
9.1. Introduction
9.2. BPS Analysis By Services
9.3. Market Attractiveness By Services
9.4. Installation Services Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Inspection Services Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Maintenance Services Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Customization Services Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Others Market Value (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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About KD Market Insights
KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind.
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