Enjoy complimentary customisation on priority with our Enterprise License!
The projected valuation of the architectural lighting market by 2025 is USD 2.88 billion. The growth momentum of the market is expected to accelerate at a CAGR of 6.16%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the architectural lighting market growth is strong government support for energy-efficient lighting solutions. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.
To Unlock the Architectural Lighting Market Size for 2021 and Other Important Statistics Wait no Longer!
Complete the Payment and Get this Report Within a Minute!
Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Get actionable insights on the architectural lighting market segments to recognize and seize financial opportunities. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic architectural lighting market predictions on demand changes for 2021-2025? You can buy the report now with one easy click. Our architectural lighting market analysis report extensively covers product (lamps and luminaires), light source (LED lighting and traditional lighting), and geography (APAC, North America, Europe, South America, and MEA), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results.
The architectural lighting market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the architectural lighting market is fragmented and the vendors are deploying growth strategies such as focusing on product quality and product pricing to gain competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players. The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update. For detailed insights on complete key vendor profiles buy the full architectural lighting market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis. |
APAC will contribute 45% of the overall architectural lighting market growth during the forecast period. China is the key market for architectural lighting market in APAC. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!
APAC has been exhibiting significant growth rate for architectural lighting market vendors. Factors such as the increasing urbanization and growth in the deployment of IT infrastructure are leading to the development of smart city infrastructure in several countries in the region. Such factors are accelerating the architectural lighting market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.
The architectural lighting market share growth in APAC will be faster than the growth of the market in regions such as North America and Europe. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
To gain further insights on the market contribution of various segments Request for a FREE Sample!
The architectural lighting market share growth by the lamps segment will be significant during the forecast period. Owing to the easy installation of lamps, these are widely used for residential applications. The ease of installation of LED lamps makes it more suitable than luminaires for those places where hardware for new installations is limited. The growing demand for energy-efficient LED lamps is expected to promote the growth of the lamps segment during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the architectural lighting market size.
From the architectural lighting market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.
While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding architectural lighting market growth is ban on incandescent bulbs in several countries. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.
Strong government support with respect to infrastructure development is one of the major factors driving the architectural lighting market growth. For instance, China's 14th five-year plan (2021-2025) focused on energy conservation. The plan involves the reduction of carbon generation, encouraging green technologies in all the areas of manufacturing, and promoting efficient lighting technologies to reduce power consumption. In addition, a ban on the production and sale of high-power-consuming lighting sources in the country is expected to boost the demand for LED lighting during 2021-2025. These favorable government strategies are expected to increase the adoption of LED lights in the domestic market. As a result, the growth prospects of the global architectural lighting market are expected to increase during the forecast period. |
Technavio research analysts have done in-depth analysis of the architectural lighting market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.
Need a Customized Report? Get in touch
Buy the Architectural Lighting Market report now to reimage your business strategies!
Architectural Lighting Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
$ 2.88 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.55 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Consumer Lighting LLC, Cree Inc., Delta Light NV, Designed Architectural Lighting, GRIVEN, Koninklijke Philips NV, OSRAM GmbH, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., and SG Lighting Srl |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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. |
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.