The Architectural Lighting Global Market Report 2023, provides comprehensive information on the architectural lighting market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
In accordance with The Business Research Company’s Architectural Lighting Global Market Report 2023, the worldwide architectural lighting market exhibits robust growth expectations. Projections indicate an escalation in market size from .74 billion in 2022 to .42 billion in 2023, marked by an impressive compound annual growth rate (CAGR) of 8.8%. However, the Russia-Ukraine conflict has posed short-term hindrances to the global economic recovery following the COVID-19 pandemic. This geopolitical turmoil has spawned economic sanctions against multiple nations, contributed to a surge in commodity prices, and caused disruptions in the supply chain, ultimately leading to inflationary pressures across various goods and services. Despite these challenges, the global architectural lighting market is anticipated to attain a size of .31 billion by 2027, driven by a CAGR of 7.7%. This exemplifies the market's resilience and adaptability within a complex global landscape.
Product innovation stands as a prominent trend gaining traction in the architectural lighting market. Leading entities within this sector are dedicated to pioneering inventive solutions to fortify their market position. A case in point is the unveiling of the Symphony Area Light by SloanLED Co. in November 2022. This cutting-edge addition to the Symphony Series of architectural lighting fixtures seamlessly integrates with the architectural landscape, delivering exceptional performance and uniformity, allowing for larger pole spacing and reduced power density. Notably, this product boasts an impressive output of up to 50,000 lumens and 171 lm/W, featuring an IP66-rated fixture equipped with autonomous motion and daylight controls.
The architectural lighting market is segmented: 1) By Type: Incandescent Lights, Fluorescent Lights, High Intensity Discharge (HID) Lights, Light Emitting Diode (LED) Lights, Other Types 2) By Lighting Type: Ambient, Task, Accent 3) By Application: Wall Wash, Cove Lighting, Backlighting, Other Applications 4) By End-User: Residential, Commercial, Other End-Users
Asia-Pacific was the largest region in the architectural lighting market in 2022.
Top 5 Major Key Players Are: Acuity Brands Lighting Inc Siteco Beleuchtungstechnik GmbH Signify Holdings BV OSRAM GmbH Cree IncandescentLights
Table Of Contents 1. Executive Summary 2. Architectural Lighting Market Characteristics 3. Architectural Lighting Market Trends And Strategies 4. Architectural Lighting Market - Macro Economic Scenario 5. Architectural Lighting Market Size And Growth ....... 26. Africa Architectural Lighting Market 27. Architectural Lighting Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Architectural Lighting Market 29. Architectural Lighting Market Future Outlook and Potential Analysis 30. Appendix
Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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ramacharitbrc Joined: July 1st, 2020 Articles Posted: 1,960
