Ambient Lighting Market Outlook 2020 - Huge Growth, Trends, Revenue And In-Depth Analysis 2028 | Eaton, Hubbell Incorporated, Thorn Lighting

The ambient lighting market is projected to show a high growth owing to the rising demand for energy-efficient lighting systems in recent years. Rising demand from end-use industries including residential, industrial, and others are expected to propel the growth of the ambient lighting market. This market has witnessed a number of key developments by major firms including Eaton Corporation, Signify NV, Hafele America Co., Hubbell Incorporated, Thorn Lighting Ltd, and others with a focus on growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the strong potential markets with strong growth in some of the major economies.

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The study on Ambient Lighting market includes an elaborate summary of the market for motor soft starters, which provides in-depth knowledge of various segments. Ambient Lighting market research report presents a detailed analysis based on the overall market's thorough research, particularly about the market size, growth scenario, potential opportunities, operating landscape, trend analysis, and competitive market analysis of Ambient Lighting market.

Insights about ambient lightings technology-

Ambient lightings can be defined as a form of lighting used to create a stylish ambiance and an atmosphere that is aesthetically improved. Such types of lights are the most common in the world and have a light glow that is just enough to function without any harsh glare. This type of lighting system is inexpensive, and it has been applied to various mobile functions to retain the amount of light needed and render the room lighting as natural as possible. In an automobile, it is used as light strips and other ways to maintain the ambiance and the health of the driver.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Wipro Consumer Care & Lighting Ltd
2) Signify NV
3) Hafele America Co.
4) Eaton Corporation
5) Hubbell Incorporated
6) Thorn Lighting Ltd

Segmentation for better understanding of this market and its growth prospects

The market is segmented into hardware and software & services. Hardware includes luminaries, lamps, and lighting control. The industry is divided into the strip, surface mounted, recessed light, track, and suspended lights. Recessed solutions provide a gentle ambient glow and are commonly used in paintings or works of art. Advancement of technology and growing awareness for energy-efficient lightings are the major factors for the growth of the global ambient lighting market. Growing infrastructure building activities and increasing the standard of livings have also led to the growth of the market. The availability of well interior designs and low-cost lighting products has also brought a rise in the market segments as compared to other forms of lighting.

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Key Development:
o In Feb 2018, Acuity Brands Inc. acquired Lucid Design Group Inc., a design analytics company based in California. Lucid Technology allowed the company to expand the power of digital technology, networked lighting, building management, and IoT
o In Mar 2019, NZXT had launched the CAM-powered HUE 2 Ambient RGB Lighting Kit V2. It is an improved version and it also guarantees the perfect attachment of the led strips to the display. It has stronger adhesives, alcohol wipes and l-shape corner adapters that makes the product creative.

Some of the key Impact Factors:
Advancement of technology and increasing standard of living
Growth in demand for energy-efficient lighting systems
The rise of infrastructure building activities worldwide

The demand for the ambient lighting market in the Asia Pacific is expected to grow at a significant rate, due to increasing living standards. The implementation of energy efficiency legislation is favoring the growth of the industry. With the increasing number of private museums in China, there is an increasing need to highlight the museum attractions, create a perfect ambiance for the audience, and provide a right reading environment. The rising importance of these museum illumination systems is likely to drive the growth of the ambient lighting market in China.

Companies Covered: Wipro Consumer Care & Lighting Ltd Signify NV, Hafele America Co., Eaton Corporation, Hubbell Incorporated, Thorn Lighting Ltd, and among others.

Market Segmentation:

By Type:

Suspended lights
Track Lights
Strip Lights
Recessed Lights
Surface-Mounted Lights
Others

By End-Use Industry:

Residential
Industrial
Automotive
Others

By Offering:

Hardware
Software & Services

By Region:

North America

By Country (US, Canada, Mexico)
By Type
By End-Use Industry
By Offering

Western Europe

By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By End-Use Industry
By Offering

Eastern Europe

By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By End-Use Industry
By Offering

Asia Pacific

By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By End-Use Industry
By Offering

Middle East

By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By End-Use Industry
By Offering

Rest of the World

By Region (South America, Africa)
By Type
By End-Use Industry
By Offering

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This release was published on openPR.