Ambient Lighting Market Forecast Report Offers Key Insights to 2026

Latest released, the research study on Global Ambient Lighting Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Ambient Lighting Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Ambient Lighting. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Samsung, Cree Inc., Royal Philips, Osram Light AG, Acuity Brands Inc., The Zumtobel Group, GE Lighting, Advanced Lighting Technologies Inc., and Nualight Limited.

The ambient lighting market was valued at USD 69.39 billion in 2020, and it is expected to reach USD 104.87 billion by 2026, recording a CAGR of 10.60%, during the forecast period (2021 - 2026).

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Industry News:

- October 2018 - CK Holdings Co. Ltd completed the acquisition of Magneti Marelli SpA from Fiat Chrysler Automobiles. The combined business has been operating under the entity Magneti Marelli CK Holdings Co. Ltd. The completion of the transaction was a key milestone in creating a leading global independent automotive supplier.
- Feb 2018 - Acuity Brands Inc. acquired Lucid Design Group Inc., a California-based provider of building analytics. Lucid Technology enabled the company to extend the power of digital, building management, networked lighting, and IoT solutions.

Key Market Trends

Light Emitting Diode (LED) Lamps and Luminaries Offer Potential Growth

- LED lighting systems use up to 50% less energy to generate an equivalent light intensity emitted by compact fluorescent lamps (CFL) and cold cathode fluorescent lamps (CCFL). This reduced energy consumption directly converts into a reduction of over 700 million metric ton of carbon dioxide emissions, annually. Thus, it is expected that LEDs are estimated to completely replace CFLs and CCFLs during the forecast period. This trend is expected to drive the ambient lighting market in the near future.
- Moreover, LEDs are UV radiation-free and neutral, which make it more suitable for indoor lighting. Additionally, they are suitable for photoreactive sickness people. The rays emitted from the LED are safe.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Asia- Pacific to Witness the Fastest Growth

- The Asia-Pacific region is witnessing the fastest growth, due to rampant infrastructure-building activities in the emerging economies, such as China and India.
- Additionally, the various governments in the region are also focusing on implementing stringent regulations and legislation pertaining to energy efficiency. Thus, this is further supporting the growth of the ambient lighting market in this region. For instance, initiatives from the Indian government, such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS), have already been implemented for rural and urban areas, respectively.
- Along with that India is expected to become the world's first country to use LEDs for all lighting needs by 2019, thereby saving INR 40,000 crore (USD 6.23 billion) on an annual basis. Such a huge implementation will be aiding the growth of the ambient lighting market.
- Moreover, these lights are used in automotive lighting systems as well. India, China, Japan, and South Korea are some of the major countries, which hold the majority of the vehicle production, thus, offering growth opportunity for the automotive lighting market.

Reasons to Purchase this Report:

-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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