Ambient Lighting Market

GMI Research analysis indicates that the Ambient Lighting Market estimated at USD 67.2 billion in 2021 and is slated to register a double digit CAGR of 8.5% over the period, 2022-2029 and is projected to reach USD 129.1 billion in 2029.

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Key Drivers

The major factors fuelling the growth of the global ambient lighting market include rising penetration of innovative lighting solutions as a result of an increasing trend for the redevelopment of infrastructure and growth in the demand for improved interior design by the consumers. An increase in the adoption of smart lighting and various benefits offered by the use of such lighting, which includes enhanced energy efficiency, low cost, easy use, the ability to provide uniform and glare-free lighting are some other drivers propelling the growth of the global ambient lighting market. Moreover, the introduction of various projects for the development of smart cities in countries like Saudi Arabia and the rising shift towards the adoption of connected lighting solutions across the customers are further bolstering the demand for ambient light across the world during the forecast period. In addition, various government policies for saving energy and using energy-efficient lights is also a factor that is responsible for boosting the growth of the global ambient lighting market. The factors which are restraining the growth of the global ambient lighting market include high replacement cost for replacing traditional lighting with ambient lighting.

For instance, in UN Environment and the Global Environment Facility (GEF) launched an initiative in 2015 to provide support to the countries for the utilization of energy-efficient lighting, equipment, and appliances. This initiative performs its actions under the General’s Sustainable Energy for All (SEforALL) initiative, which sees energy-efficient lighting as a high impact opportunity.

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Offering – Segment Analysis

Based on the offering, the hardware segment is anticipated to increase at a higher CAGR during the forecast period owing to the rising usage of ambient-lighting solutions across various end-users as a result of its energy-efficient features. In addition, the growth in the development of infrastructure and growing demand for LEDs worldwide are some other factors that are fuelling the growth of the market in this segment.

Type – Segment Analysis

Based on the type, the recessed lights segment is expected to grow at a higher compound annual growth rate over the forecast period due to the increase in the demand for such lights among the consumers majorly in commercial and residential areas as a result of various advantages offered by such light such as increased coverage area, clutter-free lighting, presence of a variety of styles and better illumination.

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Regional – Segment Analysis

Based on the region, Asia-Pacific is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the high inclination towards the adoption of energy-efficient lighting solutions across various countries like India, China, and Japan. Various government policies to use energy-efficient lights and rising development of infrastructure across this region are further bolstering the growth of the market in this region.

Top Market Players

Various notable players operating in the market include ACUITY BRANDS LIGHTING, INC., Signify Holding, General Electric, Hubbell Incorporated, IDEAL INDUSTRIES, INC., Osram Licht AG, Lutron Electronics Co., Inc, Häfele, Honeywell International Inc., and Zumtobel Group, among others.

Key Developments: 

• • In 2020, Osram Licht AG launched a new flex family OSRAM 24V TEC which offers uniform illumination for a diversified range of outdoor and indoor applications comprising durable, robust, and flexible LED strips.
  • In 2020, Signify Holding acquired Cooper Lighting Solutions from Eaton. Through this acquisition, the company planned to strengthen its position in the market and also capture the growth in the North American lighting market.

Segments covered in the Report:

The global Ambient Lighting market has been segmented on the basis of offering, type, end-user, and key regions. Based on the offering, the market is segmented into software & services, and hardware. The hardware segment is further categorized into lighting controls and lamps & luminaries. The lamps & luminaries segment is further categorized into halogen lamps, incandescent lamps, light-emitting diode (LED), and fluorescent lamps. Based on the type, the market is segmented into suspended lights, surface-mounted lights, track lights, strip lights, and recessed lights. Based on the end-user, the market is segmented into hospitality & retail, residential, industrial, healthcare, automotive, and office buildings.

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Key questions answered in this research report:

• • At what pace is the global Ambient Lighting market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Ambient Lighting market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Ambient Lighting market?
  • Which type generated maximum revenues in 2021 and identify the most promising types during the forecast period?
  • What are the various end-users of the Ambient Lighting market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 67.2 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Offering, By Type, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ACUITY BRANDS LIGHTING, INC., Signify Holding, General Electric, Hubbell Incorporated, IDEAL INDUSTRIES, INC., Osram Licht AG, Lutron Electronics Co., Inc, Häfele, Honeywell International Inc., and Zumtobel Group, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ambient Lighting Market by Offering

• • Software & Services
  • Hardware
    • Lighting Controls
    • Lamps & Luminaries
      • Halogen Lamps
      • Incandescent Lamps
      • Light-Emitting Diode (LED)
      • Fluorescent Lamps

Global Ambient Lighting Market by Type

• • Suspended Lights
  • Surface-Mounted Lights
  • Track lights
  • Strip Lights
  • Recessed Lights

Global Ambient Lighting Market by End-User

• • Hospitality & Retail
  • Residential
  • Industrial
  • Healthcare
  • Automotive
  • Office Buildings

Global Ambient Lighting Market by Region

• • North America Ambient Lighting Market (Option 1: As a part of the free 25% customization)
    • By Offering
    • By Type
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Ambient Lighting Market (Option 2: As a part of the free 25% Customization)
    • By Offering
    • By Type
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Ambient Lighting Market (Option 3: As a part of the free 25% Customization)
    • By Offering
    • By Type
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Ambient Lighting Market (Option 4: As a part of the free 25% Customization)
    • By Offering
    • By Type
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Operating Players in the Ambient Lighting Market (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ACUITY BRANDS LIGHTING, INC.
  • Signify Holding
  • General Electric
  • Hubbell Incorporated
  • IDEAL INDUSTRIES, INC.
  • Osram Licht AG
  • Lutron Electronics Co., Inc
  • Häfele
  • Honeywell International Inc.
  • Zumtobel Group