Architectural Lighting Market Size, Share and Forecast 2022-27

The IMARC Group provides extensive analysis of the architectural lighting industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on architectural lighting market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

Request for a PDF sample of this report: https://www.imarcgroup.com/architectural-lighting-market/requestsample

The global architectural lighting market size reached US$ 6.0 Billion in 2021. Architectural lighting focuses on three aspects of any area or building, namely functionality, aesthetics, and energy efficiency. It is a combination of technology and art that enhances the ambiance and experience of any building or space. The functionality aspect focuses on the illumination of the space to perform specific tasks, such as reading, writing, and navigation. The aesthetic aspect, on the other hand, focuses on providing a balance between the lighting and architecture. Whereas the energy efficiency aspect helps maximize the impact of lighting. As a result, architectural lighting is largely used across the retail, residential, commercial, hospitality, and industrial sectors.

Architectural Lighting Market Trends:

The rapid advancements in lighting technology and the increasing demand for aesthetic lighting are prime factors creating a positive outlook for the market. The rising adoption of LED lights, which are more efficient and flexible in terms of power consumption and colors than conventional lights, is further accelerating the market growth. Additionally, the introduction of smart lighting and control systems with architectural lights is providing a considerable boost to the market growth. Looking forward, IMARC Group expects the architectural lighting market to reach US$ 8.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.9% during 2022-2027.

Checkout Now: https://www.imarcgroup.com/checkout?id=2073&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

Signify Holding
OSRAM GmbH
Cree Lighting
General Electric Company
Acuity Brands Lighting Inc.
Seoul Semiconductor Co.
Ltd, Samsung
Griven S.r.l.

Key Highlights of the Market Segmentation:

Breakup by Light Source:

Fluorescent Lights
High Intensity Discharge (HID) Lights
Light Emitting Diode (LED) Lights
Others

Breakup by Lighting Type:

Ambient
Task
Accent

Breakup by Application:

Wall Wash
Cove Lighting
Backlighting
Others

Breakup by End Use:

Commercial
Residential
Industrial
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/architectural-lighting-market

Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Consumer Network Attached Storage Market: https://www.imarcgroup.com/consumer-network-attached-storage-market

United States Probe Station Market: https://www.imarcgroup.com/united-states-probe-station-market

Automated Material Handling Equipment Market: https://www.imarcgroup.com/automated-material-handling-equipment-market

Led Lighting Market: https://www.imarcgroup.com/led-manufacturing-plant

Smart Lighting Market: https://www.imarcgroup.com/smart-lighting-market

Contact Us:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.