Architectural Lighting Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032


Posted November 6, 2024 by Tan8121

Architectural lighting market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031).

 
Architectural lighting market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). This market will be driven by the growing demand for well-lit spaces with attractive lighting to enhance interior artifacts and corners. Architectural lighting has been favored by consumers for its cost savings, reliability, durability, adjustable illumination power, and longer life expectancy. Architectural lighting is increasingly being adopted in both residential and commercial sectors due to the need to illuminate walkways, corridors, staircases, gardens, parking lots, walkways, and other areas.

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Globally, energy efficiency and sustainability across the globe are becoming increasingly important in all sectors, including architectural lighting. In line with this, the ongoing push towards reducing energy consumption and lowering environmental impact is contributing to the market growth. Besides this, the introduction of energy-efficient lighting solutions, such as LED lights, which consume significantly less energy compared to traditional fluorescent and incandescent lights, is favoring the market growth. This reduction in energy utilization directly translates to lower electricity bills and a smaller carbon footprint, aligning with the growing environmental consciousness among consumers and businesses.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Architectural Lighting Market by Component

Lamp Holders
Ballasts
Lamps
Lenses/Shades
Trims
Wiring
Reflectors

Global Architectural Lighting Market by Light Source

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

Global Architectural Lighting Market by Application

Wall Wash
Cove Lighting
Backlighting

Global Architectural Lighting Market by End-User

Commercial
Residential
Industrial

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa

Company Profiles 

Current Lighting Solutions, LLC
Delta Light NV
Feilo Sylvania Group
General Electric Company
Glamox AS
r.l
GVA Lighting
Hubbell Lighting
Panasonic Corporation
STAHL AG
Raytec Ltd.
Samsung Electronics Co., Ltd.
Seoul Semiconductor Co., Ltd.
Siteco GmbH
TCP International Holdings Ltd.
Toshiba Lightning and Technology Corporation
TRILUX GmbH & Co. KG
Zumtobel Group AG

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global architectural lighting market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Last Updated November 6, 2024