Ambient Lighting Market Report - Global Outlook and Forecast 2020-2028
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.
This report on the global Ambient Lighting
market gives a thorough study that is primarily focused on top players and
their business stratagem, geographical extent, market segments, competitive
landscape, manufacturing, and pricing and cost structures. Each section of the
research study is explicitly prepared to explore crucial fragments of the
global Ambient Lighting market. For instance, the market dynamics section in
the report gives an in-depth analysis of the drivers, restraints, trends, and
opportunities in the global Ambient Lighting market. With both qualitative and
quantitative analysis, we provide you with thorough and comprehensive
information on the global Ambient Lighting market. The study also entails SWOT,
PESTLE, and Porter’s Five Forces analyses of the global Ambient Lighting
market.
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Among other offerings segments, hardware segment
revenue is expected register a rapid CAGR during the forecast period. This is
mainly owing to increasing demand for technologically advanced ambient lights
that enable energy saving and lower energy bills.
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.
Asia Pacific dominated other regional markets in
terms of revenue share in the global ambient lighting market in 2020. This is
attributed to the rapid urbanization and industrial development of the region
which has also boosted demand for ambient lighting solutions.
The market in North America is expected to
register significantly larger revenue share than other regional markets during
the forecast period. Presence of major market players in the region which
inlcude Acuity Brands, Inc., Hubbell Incorporated, and General Electric Company
is expected to boost revenue growth of the ambient lighting market during the
forecast period.
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.
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Segments
Covered in Report:
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
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The global Ambient
Lighting market research is carried out at the different
stages of the business lifecycle from the production of a product, cost,
launch, application, consumption volume and sale. The research offers valuable
insights into the marketplace from the beginning including some sound business
plans chalked out by prominent market leaders to establish a strong foothold
and expand their products into one that's better than others.
In market
segmentation by geographical regions, the report has analysed the following
regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and
Italy)
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
South America (Brazil, Argentina, Columbia
etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt,
Nigeria and South Africa)
Key
questions answered in the report
What will be the market size in terms of value and
volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest
growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s
growth?
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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, 2019-2027
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. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water
systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
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
Chapter 5. Ambient Lighting Market By Application
Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Ambient Lighting Market By Product type
Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Ambient Lighting Market Regional
Outlook
Chapter 8. Competitive Landscape
Continued…
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