Global Ambient Lighting Market, By Offering (Hardware, Software and Services), Type (Surface Mounted Lights, Suspended Lights, Track Lights, Strip Lights, Recessed Lights), End User (Residential, Hospitality and Retail, Healthcare, Industrial, Office Building, Automotive), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The ambient lighting market is expected to witness market growth at a rate of 9.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on ambient lighting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of ambient lighting market.
Ambient lighting refers to a general lighting that provides overall illustration in an area. It offers a satisfying level of brightness with no glare which further assists individual in seeing clearly and walk safely. It also helps in performing perform specific tasks such as grooming, reading, paper work, preparing and cooking food, and playing games among others.
The rise in preference for smart lighting across the globe acts as one of the major factors driving the growth of ambient lighting market. The increase in consumer preferences for better interior designing with energy-efficient lighting systems, and ongoing technological evolutions, such as smart lighting systems in commercial or residential buildings, accelerate the market growth. The increase in concerns regarding global climate change leading the implementation of various rules and regulations pertaining to energy efficiency, and rise in inefficiency of incandescent bulbs due to the excess heat generation, further influence the market. Additionally, government initiatives and policies for energy savings, urbanization and digitization, and modernization of infrastructure and upcoming smart city projects in developing economies positively affect the ambient lighting market. Furthermore, rapid transition from traditional lighting to connected lighting solutions and increase in awareness of benefits of OLED in ambient lighting extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high costs involved in replacing traditional lighting with ambient lighting and lack of common standards are expected to obstruct the market growth. Security and reliability issues with IoT-based lighting systems and lack of awareness about payback period are projected to challenge the ambient lighting market in the forecast period of 2021-2028.
This ambient lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info ambient lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ambient Lighting Market Scope and Market Size
The ambient lighting market is segmented on the basis of offering, type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the ambient lighting market is segmented into hardware, software and services.
- On the basis of type, the ambient lighting market is segmented into surface mounted lights, suspended lights, track lights, strip lights, and recessed lights.
- On the basis of end user, the ambient lighting market is segmented into residential, hospitality and retail, healthcare, industrial, office building and automotive.
Ambient Lighting Market Country Level Analysis
The ambient lighting market is analyzed and market size, volume information is provided by country, offering, type and end user as referenced above.
The countries covered in the ambient lighting market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the ambient lighting market due to the large manufacturing as well as consumption of ambient lighting devices within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the low operational cost as well as availability to cheap labor in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ambient Lighting Market Share Analysis
The ambient lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ambient lighting market.
The major players covered in the ambient lighting market report are Signify Holding, OSRAM GmbH, GENERAL ELECTRIC, Eaton, Cree, Inc., Zumtobel Group AG, Wipro Lighting, Häfele, ACUITY BRANDS LIGHTING, INC, Hubbell, GENLED Brands, Amerlux, LLC, Decon Lighting Pvt. Ltd., 3G Lighting, NICOR Lighting, Axis Lighting, Louis Poulsen, Vantage Lighting, v2 Lighting Group, Inc, SPI Lighting, Inc., and Selux Corp, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.