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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.
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Some Key Highlights From The Report:
- 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.
- 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.
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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
- UK
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Posted in: Technology
Topics:
ambient lighting market
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