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

  • Published: Jun 2022
  • Pages: 127
  • SKU: IRTNTR73544
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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?

Ambient Lighting Market Size

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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?

Ambient Lighting Market Market segmentation by region

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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?

Ambient Lighting Market Segmentation

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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.

 

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

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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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Lamps and luminaries - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Lamps and luminaries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Lamps and luminaries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Lamps and luminaries - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Lamps and luminaries - Year-over-year growth 2021-2026 (%)
    • 5.4 Lighting controls - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Lighting controls - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Lighting controls - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Lighting controls - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Lighting controls - Year-over-year growth 2021-2026 (%)
    • 5.5 Surface mounted lights - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Surface mounted lights - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Surface mounted lights - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Surface mounted lights - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Surface mounted lights - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Acuity Brands Inc.
              • Exhibit 93: Acuity Brands Inc. - Overview
              • Exhibit 94: Acuity Brands Inc. - Business segments
              • Exhibit 95: Acuity Brands Inc. - Key news
              • Exhibit 96: Acuity Brands Inc. - Key offerings
              • Exhibit 97: Acuity Brands Inc. - Segment focus
            • 10.4 ams OSRAM AG
              • Exhibit 98: ams OSRAM AG - Overview
              • Exhibit 99: ams OSRAM AG - Business segments
              • Exhibit 100: ams OSRAM AG - Key offerings
              • Exhibit 101: ams OSRAM AG - Segment focus
            • 10.5 Bridgelux Inc.
              • Exhibit 102: Bridgelux Inc. - Overview
              • Exhibit 103: Bridgelux Inc. - Product / Service
              • Exhibit 104: Bridgelux Inc. - Key offerings
            • 10.6 General Electric Co.
              • Exhibit 105: General Electric Co. - Overview
              • Exhibit 106: General Electric Co. - Business segments
              • Exhibit 107: General Electric Co. - Key news
              • Exhibit 108: General Electric Co. - Key offerings
              • Exhibit 109: General Electric Co. - Segment focus
            • 10.7 IDEAL INDUSTRIES Inc.
              • Exhibit 110: IDEAL INDUSTRIES Inc. - Overview
              • Exhibit 111: IDEAL INDUSTRIES Inc. - Product / Service
              • Exhibit 112: IDEAL INDUSTRIES Inc. - Key offerings
            • 10.8 Sigma International Inc.
              • Exhibit 113: Sigma International Inc. - Overview
              • Exhibit 114: Sigma International Inc. - Product / Service
              • Exhibit 115: Sigma International Inc. - Key offerings
            • 10.9 Signify NV
              • Exhibit 116: Signify NV - Overview
              • Exhibit 117: Signify NV - Business segments
              • Exhibit 118: Signify NV - Key news
              • Exhibit 119: Signify NV - Key offerings
              • Exhibit 120: Signify NV - Segment focus
            • 10.10 Technical Consumer Products Inc.
              • Exhibit 121: Technical Consumer Products Inc. - Overview
              • Exhibit 122: Technical Consumer Products Inc. - Product / Service
              • Exhibit 123: Technical Consumer Products Inc. - Key offerings
            • 10.11 Toyoda Gosei Co. Ltd.
              • Exhibit 124: Toyoda Gosei Co. Ltd. - Overview
              • Exhibit 125: Toyoda Gosei Co. Ltd. - Business segments
              • Exhibit 126: Toyoda Gosei Co. Ltd. - Key news
              • Exhibit 127: Toyoda Gosei Co. Ltd. - Key offerings
              • Exhibit 128: Toyoda Gosei Co. Ltd. - Segment focus
            • 10.12 Zumtobel Group AG
              • Exhibit 129: Zumtobel Group AG - Overview
              • Exhibit 130: Zumtobel Group AG - Business segments
              • Exhibit 131: Zumtobel Group AG - Key offerings
              • Exhibit 132: Zumtobel Group AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Ambient Lighting Market market growth will increase by $27.14 billion during 2022-2026.
              The ambient lighting market market is expected to grow at a CAGR of 8.86% during 2022-2026.
              Technavio has segmented the ambient lighting market market by product (Lamps and luminaries, lighting controls, and surface mounted lights) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              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 are a few of the key vendors in the ambient lighting market market.
              North America will register the highest growth rate of 36% among the other regions. Therefore, the ambient lighting market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the ambient lighting market market growth are:
              • Rapid urbanization and digitization
              • Government initiatives for energy savings
              The ambient lighting market market vendors should focus on grabbing business opportunities from the lamps and luminaries segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Details on the market shares of various regions
              • Five-force market analysis

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