Ambient Lighting Market in Asia Pacific Region is Projected to Grow at A Significant Rate by 2024 | Leading Key Players are Samsung, Cree, Royal Philips, Osram Light AG, Acuity Brands, Thorn Lighting, GE Lighting, Advanced Lighting Technologies
Asia Pacific ambient lighting market is expected to grow at a significant rate, owing to increasing standard of living. Introduction of legislations regarding energy efficiency is favoring the industry growth. With the rising number of private museums in China, the need for highlighting the museums attractions, creating a perfect ambience for the audience and providing the correct reading environment is increasing. The growing importance of these illumination systems in the museums is set to drive growth in the China ambient lighting market.
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These systems are being increasingly used to provide consistent, uniform, and glare free lighting, due to increasing focus on consumer satisfaction. These factors are expected to drive the ambient lighting market growth over the forecast timespan. In the past few years, rising concerns over global climate change has led to the implementation of various rules and regulations pertaining to energy efficiency. Increasing inefficiency of incandescent bulbs, owing to excess heat generation is making these solutions a more preferred option, thus aiding the ambient lighting market growth.
These systems offer advantages such as low maintenance & operational costs, reduced installation costs, and higher flexibility due to wireless control, thus boosting the ambient lighting market growth. Furthermore, the capability of these illumination devices to enhance the retail experience for customers and deliver a clear & bright light contributes to the industry demand. For instance, GE Lighting’s GE Infusion LED modules are deployed in John Lewis Ipswich store, that provides, future-proof installation, thereby enhancing the retail experience for John Lewis’ customers. Philips Lighting launched a new range of LED spot lamps Philips Master LED ExpertColor MR16 and GU10. The companies are increasingly investing in development of newer products for retail space, thus propelling the industry growth.
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The ambient light market is segmented into software and hardware. Hardware includes lamps, luminaries, and lighting control. The industry is segmented into strip, track, surface mounted, recessed, and suspended lights. Recessed solutions offer a soft ambient glow and are widely used for paintings or artwork. The recessed systems are expected to hold a majority share, owing to the embedded control units, that gives interior the finished look. Track systems are used for illuminating shelves or for narrow, long rooms. Surface mounted systems are used for general indoor applications which require suspended solutions.
Some of the players in the ambient lighting market include Samsung, Cree Inc., Royal Philips, Osram Light AG, Acuity Brands Inc., Thorn Lighting, GE Lighting, Advanced Lighting Technologies, Inc., and Nualight Limited. Companies are trying to implement these systems in TVs, thus allowing eyes to remain focused. Moreover, they are investing in technology development such as automation of the functioning of lamps that can automatically switch off at sunrise, thus avoiding unnecessary energy consumption during the day.
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