Ambient Lighting Market Will Increase Demand, Statistics, Growth Rate In Forecast By 2028

August 13 21:20 2021
Ambient Lighting Market Will Increase Demand, Statistics, Growth Rate In Forecast By 2028
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Increasing demand for energy efficient lighting and technological advances in lighting solutions are some key factors driving market revenue growth

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.

The growing demand for ambient light sensors and linked bedroom ambient lighting systems provide a potential for the Ambient Lighting Market to expand. Interior lighting of exceptional quality is becoming more popular among consumers. This also helps the market for ambient lighting. LED lighting emits fewer UV rays, making it more environmentally friendly.

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Some Key Highlights From The Report:

  • 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.

Key regions covered in the report:

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

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The Global Ambient Lighting Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Ambient Lighting industry.

  • 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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Global Sensor Fusion Market Report – Table of Contents:

1. Report Overview

  • 1.1 Research Scope
  • 1.2 Key Sensor Fusion market segments
  • 1.3 Target players
  • 1.4 Market analysis by type
  • 1.5 Market analysis by application
  • 1.6 Key learning objectives
  • 1.7 Report timeline

2. Global Growth Trends

  • 2.1 Global Sensor Fusion market size
  • 2.2 Latest trends of the Sensor Fusion market by region
  • 2.3 Key corporate trends

3. Global Sensor Fusion Market share by key players

  • 3.1 Global Sensor Fusion Market size by manufacturers
  • 3.2 Global Sensor Fusion Market key players
  • 3.3 Products/solutions/services of major players
  • 3.4 New entrants in the Sensor Fusion market
  • 3.5 Mergers, acquisitions, joint ventures, and expansion plans

4. Global Sensor Fusion Market by product type

  • 4.1 Global Sensor Fusion Sales by Product
  • 4.2 Global Sensor Fusion by Product Revenue


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Significant Features of the Ambient Lighting Market Report:

  • Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
  • Assessment of the existing and emerging trends of the business sphere
  • Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
  • Significant breakdown of the market to assess the factors that might influence the global market growth
  • An 8-year forecast for better understanding of the workings and growth opportunities of the market

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