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The global architectural lighting market size was valued at US$ 7.25 Billion in 2020.
According to the estimates by IMARC Group, the global architectural lighting market is expected to witness a CAGR of 6.1% from 2021 to 2026.
The growing number of refurbishment and reconstruction activities pertaining to various historic and public infrastructures represents one of the key drivers for the global architectural lighting market.
The growing investments in the construction of smart city infrastructures, along with the emergence of LED lighting systems, represent some of key trends in the global architectural lighting market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nations resulting in temporary halt in numerous construction activities, thereby limiting the demand for architectural lighting.
On the basis of light source, the market has been segmented into fluorescent lights, high intensity discharge (HID) lights, light emitting diode (LED) lights, and others. At present, light emitting diode (LED) lights dominate the global market.
On the basis of the lighting type, the market has been bifurcated into ambient, task and accent. Currently, ambient holds the majority of the total market share.
On the basis of the application, the market has been divided into wall wash, cove lighting, backlighting and others. Among these, wall wash represents the largest segment.
On the basis of the end-use, the market has been segmented into commercial, industrial, residential and others. At present, the commercial sector exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global architectural lighting market are Signify Holding, OSRAM GmbH, Cree Lighting, General Electric Company, Acuity Brands Lighting Inc., Seoul Semiconductor Co., Ltd, Samsung, Griven S.r.l., etc.
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