ambient lighting

Ambient Lighting Market Share, Size, Trends, Industry Analysis Report, By Type (Recessed Lights, Surface-Mounted Lights, Suspended Lights, Track Lights, Strip Lights); By Offering; By End Use; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Apr 2022
  • Pages: 123
  • Format: PDF
  • Report ID: PM1035
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global ambient lighting market was valued at USD 58.25 billion in 2021 and is expected to grow at a CAGR of 9.7% during the forecast period. The growth of the ambient lighting market is driven by the factors such as rapid urbanization and digitization, demand for aesthetic look, more energy-efficient illuminating solutions, consumer focus on interior design and architecture, development of smart city projects, as well as government initiatives for energy savings.

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The term ambient light basically refers to a lighting system that may provide consistent illumination. This system could be natural, such as sunshine, or artificially created, such as room lights. The integration of the latest technologies in a lighting system is expected to accelerate the demand for the industry. Ambient light technology is blending the Red Green Blue (RGB) colors by altering the potential of digitally controlled LED lights. The several configurations are attained by controlling the LEDs using a microcomputer.

Additionally, a number of developed and emerging markets including the Asia Pacific followed by Europe and North America, are responsible for the rapid expansion of the ambient lighting industry as countries present across these regions have established a substantial domestic and global manufacturing base.

The COVID-19 pandemic has had a negative impact on the ambient lighting industry growth owing to the suspension of manufacturing activities in several industries. Since the emergence of COVID-19, several firms have suffered supply chain issues as Chinese countries, which are majorly responsible for supplying a large portion of the raw materials used in the manufacturing process, were under stringent rules and regulations and lockdown.

In addition, several private projects along with the government smart city projects were suspended or postponed after the outbreak of the Covid-19 pandemic as workers employed at production sites where LEDs and other light fixture components are manufactured were ordered to stay at home.

Industry Dynamics

Growth Drivers
One of the primary factors driving the growth of the ambient lighting market is the growing preference for smart ambient light across the globe. Consumer demand for better interior design with energy-efficient light systems is expanding, complemented by the ongoing technological advancements such as smart light systems in commercial or residential buildings, which are propelling the ambient light industry.

Furthermore, the rising consumer awareness regarding the sustainable use of resources along with the increase in concerns for global climate change is projected to drive the growth of the industry over the forecast period. The government of several economies across the globe is coming up with various initiatives and policies for energy saving.

Economic and environmental concerns have led to a worldwide focus on reducing energy consumption. Lighting accounts for major energy consumption in households and commercial buildings, and therefore, reduction in consumption of energy by light has been a major focus. Therefore, the implementation of various rules and regulations pertaining to energy efficiency is likely to boost the industry growth.

Report Segmentation

The market is primarily segmented based on offering, type, end-use, and region.

By Offering

By Type

By End-Use

By Region

  • Hardware
    • Lamps and Luminaires
    • Lighting Controls
  • Software & Services
  • Recessed Lights
  • Surface-Mounted Lights
  • Suspended Lights
  • Track Lights
  • Strip Lights
  • Residential
  • Hospitality & Retail
  • Healthcare
  • Office Buildings
  • Industrial
  • Automotive
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Type

Recessed light is expected to account for the largest share in the global ambient light industry. The rising consumer preferences for aesthetic and modern interior design in the household are expected to drive the growth of the market. This type of light is widely used in households to create a wall washing effect to illuminate a wonderful brick texture, a colorful paint design, or display a huge bay window.

Furthermore, ambient track light is likely to witness growth over the forecast period. Since track lights are a great option for illuminating indoor and outdoor spaces perfectly, it is mostly used at the places where the position of the light is needed to be changed frequently and requires different angles. Track lights are available in different options including fixture types and lamp types such as halogen lamps, CFLs, MH lamps, and LEDs. As a result, the demand for the segment is anticipated to grow.

Insight by End-Use

The residential sector is projected to dominate the ambient lighting market over the forecast period. The ever-increasing expenditure of consumers on interior designing of their homes with illuminating light effects is anticipated to accelerate the growth of the market. Since ambient light is responsible for radiating the illumination effect for the interior of a home and creating a comfortable atmosphere, the demand for the market is likely to fuel.

Furthermore, the automotive sector is projected to account for a significant share. The rise in the production of vehicles across the globe is anticipated to drive the growth of the market. Ambient light is widely used in vehicles to enhance the design and provide a soothing experience to the passenger and the driver. They are used to illuminate the door, and dash trim, climate control vents, cupholders, and speaker surrounds.

Geographic Overview

Asia Pacific is likely to hold the largest share in the global ambient lighting market over the forecast period. The large market share is attributed to the increased demand for energy-efficient and innovative light solutions from emerging economies such as China and India. In addition, the increased presence of industry players that manufactures and sells a broad range of cost-efficient solutions for use in commercial, residential, industrial, healthcare, and other applications across the globe is contributing to the market growth.

Competitive Insight

Some of the major players operating in the global market include Acuity Brands, Inc., Dialight plc, General Electric Company, Häfele, Helvar, Honeywell International Inc., Hubbell Incorporated, Ideal Industries, Lutron Electronics, Osram Licht AG, RAB Lighting Inc., Signify Holding, SPI Lighting Holdings, LLC, and Zumtobel Group.

Ambient Lighting Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 58.25 Billion

Revenue forecast in 2030

USD 125.80 Billion

CAGR

9.7% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2030

Segments covered

By Offering, By Type, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Acuity Brands, Inc., Dialight plc, General Electric Company, Häfele, Helvar, Honeywell International Inc., Hubbell Incorporated, Ideal Industries, Lutron Electronics, Osram Licht AG, RAB Lighting Inc., Signify Holding, SPI Lighting Holdings, LLC, and Zumtobel Group.

Key Take-Away
Polaris Market Research
Global Ambient Lighting Market Size Report, 2022 - 2030