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Architectural Lighting Market 2023 : Trends, Business Growth And Major Driving Factors | Acuity Brands Lighting Inc., Siteco Beleuchtungstechnik GmbH, Signify Holdings BV, OSRAM GmbH
Architectural Lighting Market
Architectural Lighting Market Size, Growth Rate, And Forecast
The global architectural lighting market size is expected to grow from $7.74 billion in 2022 to $8.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global architectural lighting market size is expected to reach $11.31 billion in 2027 at a CAGR of 7.7%.
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Architectural Lighting Market Drivers
Increasing demand for energy-efficient lighting solutions is expected to propel the growth of architectural lighting going forward. Energy-efficient lighting is a luminaire that reduces power expenditures and carbon dioxide emissions while maintaining light quality in use.
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Architectural Lighting Market Segments
1) By Type: Incandescent Lights, Fluorescent Lights, High Intensity Discharge (HID) Lights, Light Emitting Diode (LED) Lights, Other Types
2) By Lighting Type: Ambient, Task, Accent
3) By Application: Wall Wash, Cove Lighting, Backlighting, Other Applications
4) By End-User: Residential, Commercial, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Architectural Lighting market.
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Architectural Lighting Market Key Players
Major players in the architectural lighting market are Acuity Brands Lighting Inc., Siteco Beleuchtungstechnik GmbH, Signify Holdings BV, OSRAM GmbH, Cree Inc., General Electric Company, Seoul Semiconductor Co. Ltd., Samsung Electronics Co. Ltd., Griven S.r.l., Ideal Industries Inc, Hubbell Inc., Current Lighting Solutions LLC, Technical Consumer Products Inc., Zumtobel Group AG, Delta Light NV, and Philips Lighting Holding B.V.
The Business Research Company's "Global Architectural Lighting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Architectural Lighting Market Include:
1. Executive Summary
2. Architectural Lighting Market Characteristics
3. Architectural Lighting Market Trends And Strategies
4. Architectural Lighting Market - Macro Economic Scenario
5. Architectural Lighting Market Size And Growth
……
27. Architectural Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Architectural Lighting Market
29. Architectural Lighting Market Future Outlook and Potential Analysis
30. Appendix
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