Art & Museum Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2

Posted by Statzy Market Research on April 15th, 2021

- The increasing investment to refurbish or upgrade the electric lighting systems within museums and art galleries to attain significant cost savings, both in terms of energy reduction and reducing ongoing maintenance costs and growing demand for electing lighting system with a smart control system that can respond to occupancy or user preference are the major factors driving the growth of the art & museum lighting market.

- Museums and galleries consume significant amounts of energy to maintain an internal environment to protect and preserve their collections. As per the Arup report, the use of lighting within both exhibitions and back of house areas can account for 20% of the energy consumption, and in order to reduce the cost, most of the museums are using efficient luminaires.

- The museums and art galleries biggest challenge is to balance the energy savings and lighting quality over the displays as expected by the artist. Most of the times the lure of significant energy savings can sometimes lead to compromised lighting quality being. Hence, most of the market vendors are providing comprehensive lighting design service, from initial strategic advice and concept development through to construction documents and on-site support.

- Additionally, Covid-19 outbreak the across the world is expected to increase the LED lighting price in some of the region as it has disrupted the supply chain which can resist the growth of the market. For instance, Lumileds in April 2020, announced the increased prices for LED lightings by 4% starting mid-April 2020 and attributed the same as a measure to offset costs it incurred during the coronavirus pandemic.

Key Market Trends

LED Segment is Expected to Drive the Growth of the Market

- The growing consumer awareness about the environment and the durability of electric lights, along with the government mandates for energy efficiency, are the drivers for the increasing adoption of LEDs. Modern LED lighting solutions are advancing rapidly as they deliver significant energy saving potentials. Increasing efficacy, optimized luminaire design, and flexible lighting control enable enhanced performance at a lower cost for different lighting and traffic conditions.

- The interior artificial light sources of the museum and art galleries include incandescent, fluorescent, halogen, fiber optics, cold cathode, and LEDs. Incandescent lamps are generally used for ambient and accent lighting with track luminaires. However, discontinuation of most halogen light sources, most of the art galleries had replaced their current stock of gallery luminaires with new LED luminaires, without the need to change their existing electrical infrastructure and lighting controls. LED luminaires have also reduced electric costs significantly.

- Moreover, vendors are partnering up with wireless lighting control providers to offer technology-enabled LED lighting systems explicitly for the museums and art galleries. For instance, ERCO, a leading international specialist in architectural lighting using LED technology, has partnered with Casambi, the pioneer in wireless lighting controls based on Bluetooth Low Energy (BLE), an ideal solution for presenting exhibition spaces in lively and ever-new ways with low levels of complexity. It has released the same technology to its wide range of luminaires such as Optec, Parscan, Oseris, and Pollux, which also offer various attractive design options at wattages to 19W.

Europe is Expected to Experience Significant Growth

- The region has more than 20,000 and the average spending for new lighting every five to ten years is estimated to be worth around EUR 50,000 and thus is expected to grow significantly in the studied period.

- Europe is home to seventeen of the largest museums in the world and seven of them are located in London, three in Paris and in Madrid, two in Barcelona, and one each in Rome and Florence. Such an environment has created the perfect space for many European and well as international companies to operate on the niche market, among them, Erco and iGuzzini are the leaders.

- Additionally, the changing regulations for energy efficiency requirements and other factors for almost all lamps sold in Europe, such as bulb lifetime and warm-up time is expected to fuel the market in the future. For instance, from 1st September 2021, the existing rules outlined in (EC) No 244/2009, (EC) No 245/2009 and (EU) No 1194/2012 will be replaced by new requirements for light sources and separate control gears under Regulation for ecodesign requirements for light sources and separate control gears (EU) 2019/2020. According to the new regulation, most halogen lamps and the traditional fluorescent tube lighting will be phased-out from September 2023 onwards.

Competitive Landscape

The art & museum lighting market is competitive and is dominated by a few major players like Signify NV​, Osram Licht AG, ERCO GmbH, Inesa Lighting (Pty) Ltd, and iGuzzini illuminazione S.p.A. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

- June 2020 - Lumenpulse expanded the Lumencove Nano 2.0 to include two new optical distributions while maintaining its size, efficiency, and durability. Its slim profile (1.4 inches - 300 mm) helps keep the source unseen without compromising its distinct quality of light. The new Linear Narrow Flood provides a linear push of light, draws attention to architectural highlights, and the new Tilted Asymmetric Wallwash evenly washes complex curves to highlight architectural elements and details such as vaulted, domed, and angled ceilings.

- May 2020 - Osram released Synios S 2222 product family that offers customers compact, high-quality LEDs, individualized lighting solutions. It is suitable for a wide range of applications, from customized lighting solutions for electronic devices, ambient lighting for trains and planes to high-quality architectural lighting. They are available in six colors (blue, green, red, white, yellow, deep red,) and can be combined to create more.

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