Ambient Lighting Market Share, Types, Applications, Products, Size, Growth, Insights and Forecasts Report 2028
The global ambient lighting market size reached USD 57.42 Billion in 2020, and is expected to register a CAGR of 8.5% during the forecast period. Market revenue growth is primarily driven by rising demand for more energy-efficient lighting solutions and connected and automated lighting systems.
The growing demand for ambient light sensors and
linked bedroom ambient lighting systems provide a potential for the Ambient Lighting
Market to expand. Interior lighting of exceptional quality is becoming more
popular among consumers. This also helps the market for ambient lighting. LED
lighting emits fewer UV rays, making it more environmentally friendly.
Governments all around the world are enacting strict
rules in order to reduce carbon emissions. Concerns about global warming and
ozone depletion have prompted countries to step up their efforts to reduce
their carbon footprint. Increased energy use results in increased energy dissipation
and carbon emissions, necessitating the need for more sustainable and efficient
energy use. Governments in both developed and developing countries are taking
steps to limit energy consumption.
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LED lights are being promoted since they utilise less
energy and so produce less pollution. This has given the LED ambient lighting
market a boost. The need for ambient lighting devices has increased as the
number of residential, commercial, and infrastructure projects has expanded.
The global ambient lighting industry is also being driven by urbanisation and
modernization.
The report also discusses the key players
involved in the market such as Signify
N.V., Acuity Brands, Inc. Hubbell Incorporated, General Electric Company, Osram
Licht AG, Ideal Industries (Cree Lighting), Häfele GmbH & Co KG, Lutron
Electronics Company, Zumtobel Group, and Honeywell International Inc.
Key insights presented in the report:
Market revenue shares by major business
players, by type, by application, and market scope of global Ambient Lighting
market
Sales revenue by key players and new entrants
Competitive analysis of the key players
including aspects such as company overview, product or services specification,
vendors, and buyers.
Recent mergers, acquisitions, product
launches, recent investments, and joint ventures
Regional analysis to provide insight to recent
trends and opportunities
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Regional Bifurcation of the Ambient Lighting Market
Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea,
Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin
America)
Middle East Africa (Saudi Arabia, U.A.E., South
Africa, Rest of MEA)
The global Ambient Lighting market report
covers the analysis of drivers, trends, limitations, restraints, and challenges
arising in the Ambient Lighting market. The report also discusses the impact of
various other market factors affecting the growth of the market across various
segments and regions. The report segments the market on the basis of types,
applications, and regions to impart a better understanding of the Ambient
Lighting market.
Emergen Research has segmented the
global ambient lighting market on the basis of type, offering, end-use, and
region:
Type Outlook (Revenue, USD Billion;
2018–2028)
Suspended Lights
Recessed Lights
Strip Lights
Surface-Mounted Lights
Track Lights
Offering Outlook (Revenue, USD
Billion; 2018–2028)
Software & Services
Hardware
End-use Outlook (Revenue, USD Billion;
2018–2028)
Residential
Healthcare
Industrial
Office Buildings
Automotive
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Key Features of the Ambient Lighting
Market Report:
The report offers details about key drivers,
restraints, opportunities, challenges, growth prospects, limitations, and
threats
The report encompasses details about the key
companies, product portfolio along with specifications, production valuation,
and market shares
Evaluation of key current and emerging market
trends and growth prospects
It also offers research-backed estimations for
the forecast period of eight years, primarily to estimate the potential market
growth
Brief overview of industry with regards to
research and development, technological advancements, and product development
In-depth assessment of upstream raw materials,
downstream buyers, demands, and current market scenario
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