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.
The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period. 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.
The 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.
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Some Key Highlights From The Report:
Among other end use segments, the residential segment accounted for a larger revenue share in the ambient lighting market in 2020. Increased demand from energy efficient lighting to reduce energy consumption has contributed to the growth of this market segment.
Among other type segments, recessed lights segment accounted for largest revenue share in 2020. Flexibility of installation and availability of wide variety of recessed ambient lights will drive the growth of this market segment.
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. are few of the prominent names in the ambient lighting market.
Report Objectives
Examine the size of the global Ambient Lighting market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Ambient Lighting market.
Explore the underlying dynamics of the global Ambient Lighting market.
Highlight significant trends of the global Ambient Lighting market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Ambient Lighting market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Ambient Lighting market.
Forecast the market size and share of all segments and regions in the global landscape.
For the purpose of this report, 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
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Ambient Lighting Market Segmentation & Impact Analysis
4.1. Ambient Lighting Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising need for energy efficient lighting solutions
4.2.2.2. Growing demand for connected and automated lighting systems
4.2.2.3. Emergence of smart cities
4.2.2.4. Rising government initiatives regarding minimization of energy consumption
4.2.2.5. Rising deployment of smart lighting systems
4.2.2.6. Increasing utilization of ambient lighting in vehicles
4.2.3. Market restraints analysis
4.2.3.1. Temperature sensitivity of ambient lighting
4.2.3.2. High initial investment required for the replacement light sources
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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