Press release
Global Ambient Lighting Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Acuity Brands Lighting, Inc and OSRAM Licht AG are key players.
Global Ambient Lighting Market is expected to grow at a CAGR of 7.84% to reach a market size worth US$130.160 billion by 2027.The prime factors propelling the growth of the ambient lighting market are the rise in infrastructure development and the growth of general lighting needs in the automotive industry.
The study shows that the ambient lighting market will witness robust growth over the forecast period.
Ambient lighting illuminates a room generally and aims to create a consistent light level throughout a space, regardless of any additional lighting required in specific locations. The predominant source of light in a given room is ambient lighting. It serves as the framework for all of the room's illumination. In addition to serving its basic lighting purpose, ambient lighting enhances a room or environment by increasing its warmth and richness. Furthermore, it provides an optimum luminance level without excessive brightness.
An ideal central source of ambient lighting is required in every building establishment and civil infrastructure. The effectiveness of ambient lighting depends on the location, intensity, and type of lighting employed. Using ambient lighting enhances a space's architectural design, calms the atmosphere, draws attention to focus areas, and generates more natural illumination.
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The global ambient lighting market has been segment by type, end-user industry, and geography.
Based on type, the market is analyzed into surface-mounted light, track light, suspended light, recessed light, and others. Surface-mounted, recessed, and suspended light are witnessing a surge in demand due to the expansion of medical, residential, and other hospitality establishments. In addition, the fashion and retail sector accounts for a large portion of track light's market demand.
Based on the end-user industry, the market is segmented into residential, hospital, retail, automotive, and others. The automotive and residential industry is expected to witness significant growth in this segment. In the automotive sector, ambient lighting is used for accent, display, indicator lighting, and general illumination. Drivers can get information from displays and indication illumination using color, brightness, and luminance uniformity. In addition, vendors and companies in the retail sector use ambient lighting to create an easy atmosphere for customers to shop in a well-illuminated location. Moreover, ambient lighting is employed in the hospitality sector, notably in hotel rooms, to make guests feel comfortable. Furthermore, new developments have seen an increase in ambient lighting in houses constituting the residential sector to create a pleasant ambiance and, in certain cases, for modern architecture.
By region, North America is expected to grow significantly over the forecast period due to the demand for energy-efficient lighting products and passenger safety in the automotive sector of this region. Due to increased consumer disposable income and new technology, the automotive industry has grown recently, driving up ambient lighting demand. In addition, the innovation of LED lighting to utilize reduced power levels and integration of built-in heat management features is escalating the demand for energy-efficient ambient lighting. The need for ambient lighting has also increased due to luxury car makers equipping their vehicles with sophisticated ambient lighting systems.
The major players operating in the international ambient lighting market are Philips Lighting Holdings B.V., Häfle GmbH & Co KG, Acuity Brands Lighting, Inc, OSRAM Licht AG, Wipro Consumer Care & Lighting, Eaton Corporation, Cree Inc., General Electric, Zumtobel Group AG, and HLI Solutions, Inc.
This Global Ambient Lighting Market has been analyzed into the following segments:
• By Type
o Surface-mounted Light
o Track Light
o Suspended Light
o Recessed Light
o Others
• By End-Use Industry
o Residential
o Hospital
o Retail
o Automotive
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Spain
• Others
o The Middle East and Africa
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Taiwan
• Others
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• https://www.knowledge-sourcing.com/report/global-photonics-market
• https://www.knowledge-sourcing.com/report/led-lighting-market
• https://www.knowledge-sourcing.com/report/oled-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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