Skylights Market

The global Skylights Market is valued at USD 3.19 Billion in 2023 and is projected to reach a value of USD 5.63 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 6.5% between 2024 and 2032.

Key highlights of Skylights Market

• The European continent dominated the market in 2023, obtaining the largest revenue share of 42.2%,
• The Asia Pacific region will witness remarkable growth with a CAGR during the forecast period,
• In 2023, the Tubular segment dominated the Skylights market with significant market share of 35.2%,
• The Fixed segment of the Operation segmentation, dominated the market with largest market share of 46.2% in 2023,
• The Glass segment from the Material segmentation, dominated the market with significant market share of 44.3% in 2023,
• In 2023, the Commercial segment from the segmentation of the End User, dominated the Skylights market with 79.4% market share,
• Technological advancements, such as smart skylights with automated controls and enhanced materials, are also propelling market growth by offering improved performance and durability.

Skylights Market: Regional Overview

Europe Dominated Sales with a 42.2% share in 2023. The regions rigorous energy efficiency regulations and strong emphasis on sustainable construction practices. The adoption of green construction requirements by European nations has been a leading which has increased demand for energy-efficient products like skylights. Europe is at the forefront of skylight technology due in part to important manufacturers and ongoing innovation. A sizeable part of the market was driven by the need for retrofit and renovation projects, which was encouraged by growing average construction spending, a rise in retail building projects, and sizeable government investments in the creation of sustainable buildings. Rapid urbanization, changing climatic conditions, and growing disposable income across European countries have also spiked skylight sales. The region is set to experience accelerated growth in infrastructural construction post-2021, with investments includes Germanys USD 324 billion investment in public infrastructure and Frances USD 85 billion plan to expand transport infrastructure by 2037, including the USD 33.75 billion Grand Paris Express Metro Rail project.

Skylights Market: Equipment Type Overview

The Tubular segment dominated the Skylights market with the largest share of 35.2% in 2023. The Skylights market, segmented by the Equipment Type, is bifurcated into Tubular, Custom, Pyramid, Dome and Barrel Vault. Tubular segment dominated the market due to its efficiency in directing natural light into difficult-to-reach areas like hallways and small rooms. This segments popularity is driven by the relatively easy installation, energy efficiency, and consistent lighting without significant heat gain or loss. The trend toward sustainable building methods and growing consumer knowledge of energy-efficient housing solutions both contribute to growth. Furthermore, products with high spectrum reflectance such as those with 99.7% reflectance as well as integrated features like leak prevention are becoming more and more in demand. The Energy Star label, which guarantees thermal performance and efficiency, and the flexibility of tubing layouts both increase the appeal of tubular skylights.

Skylights Market: Operation Overview

In 2023, the significant revenue of 46.2% was generated by Fixed. The Skylights market, segmented by the operation, is divided into Fixed, Manual and Electric. Fixed skylights, known for their stationary and non-operable design, are highly favored for their simplicity, durability, and cost-effectiveness, providing a permanent source of natural light and ventilation, thus enhancing indoor comfort and energy efficiency. They offer an ongoing supply of natural light and ventilation, improving indoor comfort and energy efficiency. Because of its strong performance, this sector is well-liked by individuals and companies looking for low-maintenance skylight options that are dependable. Fixed skylights are globally renowned and are predominantly utilized for lighting in attics and stairwells, with approximately 90% being made of glass and featuring frames constructed from steel, aluminum, or timber.

Skylights Market: Material Overview

In 2023, the Glass segment dominated the Skylights market with the largest share of 44.3%. The Skylights market, segmented by the Material, is divided into Glass, Acrylic, Polycarbonate and Others. Glass skylights offer many of benefits, such as optimum natural light penetration, remarkable longevity, and optical clarity. The dominance of this market highlights the widespread trend towards glass as a material choice among builders and consumers looking for superior and visually appealing skylight solutions. Glass skylights are well known for their adaptability, compatibility with a wide range of architectural designs, and capacity to brighten interior areas with an abundance of natural light.

Skylights Market: End-User Overview

The Commercial segment dominated the Skylights market with the largest share of 79.4% in 2023. The Skylights market, segmented by the End-User, is bifurcated into Residential, Commercial. Skylights are widely used in commercial buildings, such as office buildings, retail stores, healthcare facilities, and educational institutions, to improve natural lighting, create visually appealing settings, and conserve energy. Because they make spaces bright and skylights in commercial settings boost productivity, employees well-being, and satisfaction with customers.

Key Trends

• Theres a developing trend towards the integration of smart technologies in skylights, allowing for capabilities which includes automated opening and closing, remote control via smartphones, and connectivity with home automation systems. these smart skylights can adjust primarily based on weather conditions and indoor environmental needs, enhancing energy performance and user convenience.
• The demand for energy-efficient building solutions is driving the adoption of skylights. cutting-edge skylights are designed to maximise natural light while minimizing heat loss, contributing to lower energy consumption in buildings. This trend is supported by stricter building regulations and increased focus of sustainable practices.
• Innovations in materials and design are leading to the development of more durable, efficient, and aesthetically pleasing skylights. the use of high-performance glazing, better insulation, and advanced sealing techniques are enhancing the overall capability and lifespan of skylights.

Premium Insights

The Skylights market is being driven by the increasing emphasis on energy efficiency and sustainability, as skylights reduce the need for artificial lighting and improve indoor air quality, aligning with green building standards and regulations. The industry is defined by ongoing innovation and deliberate expenditures in R&D, which guarantee the creation of cutting-edge, effective, and visually appealing skylight solutions.

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Market Dynamics

The implementation of stringent energy efficiency regulations is a significant driver for the Skylights market

Governments and regulatory bodies worldwide are increasingly focusing on reducing energy consumption in buildings to combat climate change and promote sustainability. Energy-efficient fixtures, such skylights, which increase natural ventilation and reduce the need for artificial lighting, are sometimes required by these regulations. Therefore, in order to meet these requirements and take advantage of any possible incentives or rebates, skylight installation is more common among builders and homeowners. The need for energy-efficient skylights is further supported by the increased emphasis on green building certifications like LEED and BREEAM, as these certifications improve building performance overall and lead to higher certification scores.

The adoption of skylights faces significant restraint due to the complexities involved in their installation, especially in existing buildings

Retrofitting skylights requires precise structural modifications, which can be both time-consuming and costly. These projects frequently involve shifting electrical wiring and other utilities, making sure the roof is properly sealed to prevent leaks, and reinforcing the roof. Due to potential disruptions to daily life and significant cost increases during installation, these difficulties may discourage builders and homeowners from using skylights in remodeling projects. Skylight usage is restricted by this intricacy, especially in older buildings where adjustments can be more difficult.

The increasing popularity of smart homes presents a lucrative opportunity for the Skylights market

As more consumers seek to integrate advanced technology into their living spaces, there is a growing demand for smart skylight solutions that offer automated and IoT-enabled features. Users of these smart skylights can optimize comfort and energy efficiency by adjusting lighting and ventilation settings via smartphones or integration with home automation systems. Features like intelligent shading, energy-harvesting capabilities, and automatic opening and closing based on weather conditions make these modern facilities skylight solutions even more appealing.

Competitive Landscape

The competitive landscape of the Skylights market is characterized by the presence of several key players striving to enhance their market share through innovations, strategic partnerships, and expansions. Leading companies such as Velux, Fakro, and VKR Group International are focusing on developing energy-efficient and technologically advanced skylights to meet the growing demand for sustainable building solutions. Additionally, regional players are intensifying competition by offering customized solutions and cost-effective products. The market is also witnessing increased investments in research and development to introduce new designs and materials, enhancing the functionality and aesthetic appeal of skylights. This competitive environment is driving continuous advancements and diversifications in product offerings, catering to a wide range of residential, commercial, and industrial applications.

The key players in the global Skylights market include - VKR Group (Denmark) among others.

Recent Market Developments

• In 2023, FAKRO roof windows have been generously donated to the Latin Cathedral in Lviv, where they will adorn the renovated section of the building. This space will serve as an ophthalmology and rehabilitation office, operated by the Give Hope Foundation. Parishioners, primarily elderly Poles, will benefit from eye care and rehabilitation services.
• Kingspan Light & Air, renowned for its innovative daylighting, ventilation, and smoke management solutions, introduces an exciting addition to its range of industry-leading daylighting solutions. The companys latest offering, KlearSky™ metal framed glass skylights, promises to transform how architects incorporate natural daylight into buildings, enhancing visual aesthetics while maintaining superior building performance.

The global Skylights market can be categorized as Equipment Type, Operation, Material, Installation, End-User and Region.