Architectural Lighting Market
Architectural Lighting Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0743
Segments Covered
By
Product Traditional Lighting, LED Lighting
-
By
Application Residential, Commercial, Industrial
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
7.8 Million |
 Revenue 2028:
|
12.53 Billion |
 Revenue CAGR
(2021 - 2028): |
6.10% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Product, Application,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Product,
the market is divided into Traditional Lighting, LED Lighting. LED Lighting held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Residential, Commercial, Industrial,. Industrial attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Architectural Lighting Market: Product Segment Analysis
-
- Traditional Lighting
- LED Lighting
Global Architectural Lighting Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
FAQ
Frequently Asked Question
What is the global demand for Architectural Lighting in terms of revenue?
-
The global Architectural Lighting valued at 7.8 Million in 2020 and is expected to reach 12.53 Billion in 2028 growing at a CAGR of 6.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Acuity Brands Lighting In, GE Lighting, GRIVEN, Philips Lighting, TCP International Holdings Ltd, CLS LED BV, Cree Lighting, Orlight, Seoul Semiconductor, Samsung, Osram Sylvania..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Architectural Lighting include
- The consumer demands have inclined towards architectural lighting with attributes such as cost-saving, affordability, reliability, adjustable illumination power, and longer lifespan is emerging as a strong factor for the market growth.
- The necessity to illuminate the interior and other areas of the building is boosting the adoption of architectural lighting across the commercial and residential sectors creating a huge demand for the market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Architectural Lighting in 2020.
