Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2073
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Market Overview:

The global architectural lighting market size reached US$ 6.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Architectural lighting is a combination of technology and art that enhances the experience and ambience of any space or building. Architectural lighting majorly focuses on three aspects of any building or area, i.e. aesthetics, functionality and energy efficiency. Aesthetic aspect focuses on enhancing the emotional impact of a space by providing a balance between lighting and architecture. This aspect is mostly associated with retail locations and interior lighting to attract large masses. Functionality aspect includes illumination of space precisely to perform specific tasks such as writing, reading and navigation. Furthermore, the energy efficiency aspect includes the maximum impact of lighting with minimum energy consumption. Owing to these aspects, architectural lighting solutions find diversified applications across various sectors, including residential, retail, education, hospitality, commercial, industrial, etc.

 

 
 

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The global architectural lighting market is primarily driven by the growing adoption of LED lighting solutions, increasing advancements in lighting technology, growing urban space, rising demand for aesthetic lights and surging need for energy-efficient lighting devices. Architectural lighting is one of the early adopters of LED lighting. LED lights are more flexible and efficient in terms of power consumption and colors as compared to other conventional lighting solutions. LED-based architectural lighting is often featured with low carbon footprints that minimizes the adverse effects on the environment. LED lighting solutions lower energy consumption as well as reduces the maintenance expenditures, which is further driving the growth of the global architectural lighting market. Furthermore, based on several technological advancements, various key players are launching smart architectural lighting solutions integrated with sensors for providing safe and efficient on-demand lighting. The introduction of smart lighting and control systems offers architectural luminaires with high performance, intelligent control with lower energy consumption, along with the option for setting the light intensity according to the consumer’s need. Moreover, the increasing demand for energy-efficient lighting systems coupled with the growing investments in the construction of smart city infrastructures such as bridges, roadways and commercial buildings is propelling the growth of the global architectural lighting market. Furthermore, the refurbishment and reconstruction of several historic and public infrastructures supported by rapid urbanization is also expected to drive the architectural lighting market in the coming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global architectural lighting market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on light source, lighting type, application and end use.

Breakup by Light Source:

  • Fluorescent Lights
  • High Intensity Discharge (HID) Lights
  • Light Emitting Diode (LED) Lights
  • Others
     

Breakup by Lighting Type:

  • Ambient
  • Task
  • Accent
     

Breakup by Application:

 

 
 

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  • Wall Wash
  • Cove Lighting
  • Backlighting
  • Others
     

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • South Korea
    • Others
  • Middle East and Africa
    • United Arab Emirates
    • Saudi Arabia
    • Qatar
    • Iraq
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Signify Holding B.V., OSRAM GmbH, Cree Lighting, The General Electric Company, Acuity Brands Lighting Inc., Seoul Semiconductor Co., Ltd., Samsung Electronics Co., Ltd. and Griven S.r.l.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Light Source, Lighting Type, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, Indonesia, South Korea, United Arab Emirates, Saudi Arabia, Qatar, Iraq, Brazil, Mexico
Companies Covered Signify Holding B.V., OSRAM GmbH, Cree Lighting, The General Electric Company, Acuity Brands Lighting Inc., Seoul Semiconductor Co., Ltd., Samsung Electronics Co., Ltd. and Griven S.r.l.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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