Ambient Lighting Market by Product and Geography - Forecast and Analysis 2022-2026

The ambient lighting market share is expected to increase to USD 27.14 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.86%.

This ambient lighting market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ambient lighting market segmentation by product (lamps and luminaires, lighting controls, and surface-mounted lights) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The ambient lighting market report also offers information on several market vendors, including Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Corsair Gaming Inc., General Electric Co., IDEAL INDUSTRIES Inc., Nirvana Light, NZXT Inc., SCHOTT AG, SEAT SA, Sigma International Inc., Signify NV, STANLEY ELECTRIC Co. Ltd., Technical Consumer Products Inc., Toyoda Gosei Co. Ltd., VAIS Technology, VIBIA LIGHTING Ltd., and Zumtobel Group AG among others.

What will the Ambient Lighting Market Size be During the Forecast Period?

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Ambient Lighting Market: Key Drivers, Trends, and Challenges

The rapid urbanization and digitization is notably driving the ambient lighting market growth, although factors such as lack of common standards may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ambient lighting industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ambient Lighting Market Driver

• One of the key factors driving the global ambient lighting market growth is rapid urbanization and digitization.
• The rapid population growth and urbanization have raised the demand for lighting.
• According to the UN, the global population will reach 9.7 billion by 2050, with 70% of the people living in cities and metropolitan areas.
• The growth of the global ambient lighting market will be driven by strong demand for ambient lighting products from new construction activities, increased residential usage, and declining LED prices.
• Rising consumer awareness of the cost-effectiveness and environment-friendly nature of LED lights has boosted their volume sales in both the residential and commercial sectors.
• The adoption of LED A-type lights has led to the growth of the residential illumination applications, which will drive the market growth in the coming years.

Key Ambient Lighting Market Trend

• Government initiatives for energy savings is one of the key ambient lighting market trends that is expected to impact the industry positively in the forecast period.
• Electricity generation is responsible for over a quarter of all carbon emissions globally.
• Concerns about global warming and ozone depletion have prompted countries to step up their efforts to reduce their carbon footprint.
• The EPRI estimates that incorporating renewable energy sources into smart grids could reduce GHG emissions by 19-37 million metric tons per year by 2030.
• The Indian government's National Program for LED-based Home and Street Lighting aims to encourage and expand the adoption of LED lamps in homes and cities.
• LED lamps use around 80% less energy than incandescent bulbs, and the Indian government is focusing on saving energy as the country faces a power shortage of 3.6% every year. 

Key Ambient Lighting Market Challenge

• One of the key challenges to the global ambient lighting market growth is the lack of common standards.
• Manufacturers offer a variety of products that meet the requirements of many locations and countries.
• Lighting system manufacturers are concentrating on the development of open protocol devices. US-based Zhaga Consortium is one of the pioneers of LED lighting standardization.
• Owing to the lack of comprehensive coordination among suppliers of various parts and components, manufacturers of LED modules cannot profit from economies of scale, and designers and manufacturers of fixtures cannot develop their products efficiently.
• The Lighting Industry Association (UK) has created an independent LED production verification program, which sets standards for LED products in the country.
• The lack of standardization may limit the growth of the market in focus during the forecast period.

This ambient lighting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ambient lighting market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ambient lighting market during the forecast period.

Who are the Major Ambient Lighting Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Acuity Brands Inc.
• ams OSRAM AG
• Bridgelux Inc.
• Corsair Gaming Inc.
• General Electric Co.
• IDEAL INDUSTRIES Inc.
• Nirvana Light
• NZXT Inc.
• SCHOTT AG
• SEAT SA
• Sigma International Inc.
• Signify NV
• STANLEY ELECTRIC Co. Ltd.
• Technical Consumer Products Inc.
• Toyoda Gosei Co. Ltd.
• VAIS Technology
• VIBIA LIGHTING Ltd.
• Zumtobel Group AG

 

This statistical study of the ambient lighting market encompasses successful business strategies deployed by the key vendors. The ambient lighting market is fragmented and the vendors are deploying growth strategies such as new product launches to compete in the market.

Product Insights and News

• Acuity Brands Inc. - The company offers a wide range of ambient lighting such as ENVEX Recessed Ambient Series and VERTEX series.
• Acuity Brands Inc. - Intelligent spaces group segment of the company focuses on delivering building management systems that make spaces smarter, safer, and greener.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ambient lighting market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ambient Lighting Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ambient lighting market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ambient Lighting Market?

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for ambient lighting in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The high disposable income and awareness of interior decoration among end-users and the presence of a number of key ambient lighting vendors that manufacture and sell lighting controls, surface-mounted lights, lamps, and luminaries will facilitate the ambient lighting market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America. Governments of countries such as the US, Canada, and Mexico imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations, which resulted in the temporary closure of various industries, including those manufacturing ambient lighting products. However, the pandemic and related restrictions led to an increase in online sales. In 2021, the initiation of large-scale COVID-19 vaccination drives led to the lifting of lockdowns and the resumption of industrial operations, which, in turn, increased the demand for ambient lighting products in retail stores. Thus, such factors are expected to drive the growth of the regional ambient lighting market during the forecast period.

What are the Revenue-generating Product Segments in the Ambient Lighting Market?

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The ambient lighting market share growth by the lamps & luminaries segment will be significant during the forecast period. New-generation lamps and luminaires that offer enhanced performance, higher accuracy and flexibility, and easy integration with existing lighting systems are driving the expansion of the market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ambient lighting market size and actionable market insights on post COVID-19 impact on each segment.

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Ambient Lighting Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.86%
Market growth 2022-2026	$ 27.14 billion
Market structure	Fragmented
YoY growth (%)	8.06
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Corsair Gaming Inc., General Electric Co., IDEAL INDUSTRIES Inc., Nirvana Light, NZXT Inc., SCHOTT AG, SEAT SA, Sigma International Inc., Signify NV, STANLEY ELECTRIC Co. Ltd., Technical Consumer Products Inc., Toyoda Gosei Co. Ltd., VAIS Technology, VIBIA LIGHTING Ltd., and Zumtobel Group AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ambient Lighting Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive ambient lighting market growth during the next five years
• Precise estimation of the ambient lighting market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ambient lighting industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ambient lighting market vendors

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