Press release
Global Architectural lighting Market Projected to Surpass $13.06 Billion by 2029 with 8% Annual Growth
Architectural lighting Market
The architectural lighting market is anticipated to grow due to the rising demand for energy-efficient lighting solutions. These luminaire varieties not only reduce power consumption and carbon dioxide emissions but also ensure maintenance of light quality. They consume less energy than conventional lighting solutions while providing the same amount of light, and have a longer lifespan. The surge in usage of LED lighting solutions has also boosted the demand for energy-efficient lighting. For example, a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, revealed in September 2022 that LED lighting constituted 48% of worldwide lighting sales in 2021 and is projected to constitute 99% of all sales by 2030. Additionally, the efficiency of LED lighting was 111 lumens per watt in 2021 and is projected to increase to 142 lumens per watt by 2030. Hence, the burgeoning demand for energy-efficient lighting solutions is set to further fuel the architectural lighting market.
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What Is the projected market size and growth rate for the architectural lighting market?
The market size for architectural lighting has experienced significant expansion in the past few years. The sector will see an upswing from $8.95 billion in 2024 to $9.64 billion in 2025, representing a compound annual growth rate (CAGR) of 7.7%. The growth during the historical period corresponds to factors including urbanization and infrastructure development, evolving design and aesthetics norms, regulatory amendments, cultural and social shifts, improvements in control systems, and the globalization of the market.
In the upcoming years, the architectural lighting market is anticipated to witness robust growth, scaling to $13.06 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. This predicted expansion during the forecasted timeframe can be ascribed to the introduction of novel applications, the integration of human-oriented lighting, the call for personalization and customization, advancements in urban development, and smart city projects. The forecast period is likely to see major trends such as the incorporation of human-centered lighting designs, embracing intelligent and interconnected lighting systems, emphasis on sustainability, shifting towards dynamic and engaging lighting, and creativity and design-driven transformations.
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What new trends are reshaping the architectural lighting market and its opportunities?
A significant trend resulting in the rising popularity in the architectural lighting industry is product innovation. Various leading companies in this market are directing their efforts towards creating innovative solutions to fortify their footing in the sector. Take for instance SloanLED Co., an American lighting product manufacturer and developer. In November 2022, the company launched the Symphony Area Light, a remarkable new addition to the Symphony Series of architectural lighting devices. This product integrates flawlessly with the architectural environment, offering unparalleled performance and evenness. This allows for wider pole spacing and reduced power density. The distinguished feature of this device is its capacity to deliver up to 50,000 lumens and 171 lm/W, accompanied by an IP66-rated fixture possessing autonomous motion and daylight controls.
What major market segments define the scope and growth of the architectural lighting market?
The architectural lighting market covered in this report is segmented -
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
Subsegments:
1) By Incandescent Lights: Standard Bulbs, Decorative Bulbs
2) By Fluorescent Lights: Linear Fluorescent, Compact Fluorescent (CFL)
3) By High Intensity Discharge (HID) Lights: Metal Halide, High-Pressure Sodium, Mercury Vapor
4) By Light Emitting Diode (LED) Lights: Standard LED, Smart LED, RGB LED
5) By Other Types: Halogen Lights, Neon Lights, Induction Lights
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Which region dominates the architectural lighting market?
Asia-Pacific was the largest region in the architectural lighting market in 2024. North America is expected to be the fastest-growing region in the architectural lighting market report during the forecast period. The regions covered in the architectural lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the architectural lighting industry growth?
Major companies operating in the architectural lighting market include Acuity Brands Lighting Inc., Siteco Beleuchtungstechnik GmbH, Signify Holdings BV, OSRAM GmbH, Cree Inc., Jag Products LLC, Louis Poulsen A/S, Targetti Sankey SpA, Reggiani Illuminazione SpA, Lutron Electronics, Lithonia Lighting, ERCO, Radiant Lighting, Hubbell Lighting, Eaton, Zumtobel Group, Fagerhult, Delta Light, GVA Lighting, Sylvania, Kichler Lighting, Legrand, Vibia, Flos, Artemide, Bega, Selux, iGuzzini, Auralight, Bega Licht, Lumenpulse, RAB Lighting, Vossloh-Schwabe, WAC Lighting, Edge Lighting, Focal Point LLC, Lightolier, Cantalupi Illuminazione
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What Is Covered In The Architectural lighting Global Market Report?
• Market Size Forecast: Examine the architectural lighting market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the architectural lighting market for a structured understanding.
• Key Players Overview: Analyze major players in the architectural lighting market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the architectural lighting market.
• Segment Contributions: Evaluate how different segments drive overall growth in the architectural lighting market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the architectural lighting market.
• Industry Challenges: Identify potential risks and obstacles affecting the architectural lighting market.
• Competitive Landscape: Review strategic developments in the architectural lighting market, including expansions, agreements, and new product launches.
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