Architectural Lighting Market Size to Reach Us$ 8.9 Billion by 2028, Exhibiting a Growth Rate (CAGR) of 5.6%

IMARC Group, a leading market research company, has recently releases report titled "𝐀𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐚𝐥 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global architectural lighting market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

𝙍𝙚𝙥𝙤𝙧𝙩 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨

𝐇𝐨𝐰 𝐛𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐀𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐚𝐥 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭?

The global architectural lighting market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/architectural-lighting-market/requestsample

What is Architectural Lighting?

Architectural lighting represents a combination of technology and art that enhances the ambiance and experience of any space or building. It majorly focuses on three aspects of any building or area, such as functionality, aesthetics, and energy efficiency. The aesthetic element concentrates on enhancing the emotional impact of a space by providing a balance between architecture and lighting. This aspect is mainly associated with retail locations and interiors to attract large masses. Functionality element includes illumination of the area precisely to perform specific tasks, including reading, writing, and navigation. Furthermore, the energy efficiency aspect contains the maximum impact of lighting with minimum energy consumption. As a result of these aspects, architectural lighting solutions find widespread applications across various sectors, such as retail, education, hospitality, residential, commercial, industrial, etc.

What are the Growth Prospects and Trends in the Architectural Lighting Industry?

The extensive usage of LED lighting solutions, several technological advancements, the increasing need for aesthetic lights, and the escalating demand for energy-efficient illuminating devices are among the primary factors driving the architectural lighting market. Besides this, the elevating requirement for LED lights, as they are more flexible, efficient in terms of power consumption and colors, and featured with low carbon footprints compared to other conventional lighting solutions, is further augmenting the market growth. Moreover, the leading players are launching smart architectural lighting solutions integrated with sensors for providing safe and efficient on-demand illumination, which is also catalyzing the global market. Apart from this, the introduction of control systems that offer luminaires with high performance, intelligent control with lower energy consumption, and the option for setting the light intensity, is acting as another significant growth-inducing factor. Furthermore, the inflating investments in the construction of smart city infrastructures, such as bridges, roadways, and commercial buildings, are expected to bolster the architectural lighting market in the coming years.

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

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Architectural Lighting Market?

The competitive landscape of the industry has also been examined with some of the key players.

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

What is Included in Market Segmentation?

The report has categorized the market based on light source, lighting type, application, end use and region.

Breakup by Light Source:
• Fluorescent Lights
• High Intensity Discharge (HID) Lights
• Light Emitting Diode (LED) Lights
• Others

Based on Lighting Type:
• Ambient
• Task
• Accent

Breakup by Application:
• Wall Wash
• Cove Lighting
• Backlighting
• Others

Analyzed by End Use:
• Commercial
• Residential
• Industrial
• Others

Regional Analysis:
• 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, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐨𝐜 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=2073&flag=C

Key Highlights of The Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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This release was published on openPR.