AMBIENT LIGHTING MARKET TO REACH USD 165.5 BILLION BY 2027 | CAGR 11.3% – FORENCIS RESEARCH

Global Ambient Lighting Market: Key Highlights

• According to the new market research report “Ambient Lighting Market by Type (Indoor, Outdoor), by Component (Hardware, Software, Services), by End Use Industry (Residential, Commercial), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Ambient Lighting market is estimated to reach USD 165.5 Billion by 2027 at a CAGR of around 11.3% during the review period.
• Ambient light is a light which diffused equally throughout the environment. This lighting is created by rays of light that are traveling in random direction as opposed to in same direction.
• Ambient lights most commonly hang from the ceiling such as chandeliers, track lights, and pot lights among others, help create ambience in a room.
• There are three main types of lighting: ambient lighting, task lighting, and accent lighting which is used in combination in order to create an effective lighting landscape.

Global Ambient Lighting Market: Key Market Dynamics

• Increasing need for energy-efficient lighting solutions and rising usage of smart lighting is expected to drive the ambient lighting market during forecast period.
• Moreover, Increasing IoT market can create opportunities in the growth of ambient lighting market during assessment period.
• However, high initial investments will restrain the market and replacement of traditional lighting with ambient lighting will create negative impact on the growth of the market during next five years.

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Global Ambient Lighting Market: Regional Overview

• Europe

Europe is expected to dominate the ambient lighting market during growth period. Supportive government regulations, smart city initiatives, increasing healthcare and automotive market will drive the market in Europe. Presence of global players such as Signify Holding, OSRAM GmbH, The Häfele Group, and Eaton among others will add fuel in the growth of the ambient lighting market in Europe. Germany, France, The Netherlands, and Italy are expected to hold largest market share during forecast period.  

• North America

North America is expected to hold second spot in the ambient lighting market during assessment period. The US and Canada will hold largest market share and drive the market in North America. Early adoption of wireless infrastructure, presence of global smartphone manufacturers, and presence of ambient lighting technology provider such as GE Lighting, Cree Lighting, ACUITY BRANDS LIGHTING, INC., and Hubbell among others will create positive impact on the growth of the market in North America. Moreover, adoption of smart building will add fuel in the growth of ambient lighting market in this region.    

Global AMBIENT LIGHTING Market: Key Players Overview

• Signify Holding:

The company is one of global leader in the provision of lighting for professionals, consumers and lighting for the Internet of Things. The company provides high-quality, energy-efficient lighting products, systems and services for Personal and professional use. In ambient lighting market, the company provide indoor & outdoor luminaires, LED lamps & Tubes for industries, offices, retail malls, and various outdoor applications. In 2019, The company launched 3Sekawan collection to create public awareness about energy efficient lighting. The collection included Meson Surface Mount LED Downlight, UFO LED Bulb and the Stellar Bright LED T-Bulb. The Meson Surface Mount LED Downlight contains three different temperature ranges which is suitable for ambient lighting for areas such as living rooms, corridors, and bedrooms. 

• Standard Products Inc.:

In January 2020, the company merged with Stanpro Lighting Systems to become one of the largest provider of lighting products in Canada. In ambient lighting market, the company provide ambient lights for indoor and outdoor applications. For indoor applications, the company provide chandelier, ceiling mounted fixture, wall-mounted fixture, traditional recessed fixtures and / or LED downlights, track light, floor lamp, table lamp. For outdoor applications, the company provide spotlight, hanging fixture, garage and canopy lighting, post lantern, wall lighting, and recessed fixtures.

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