Ambient Lighting Market Growth, Trends, Absolute Opportunity and Value Chain 2020-2027

Global Ambient Lighting Market Insights

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the Ambient Lighting Market are:

ACUITY BRANDS LIGHTING, INC.
Signify Holding
General Electric
Hubbell Incorporated
IDEAL INDUSTRIES, INC.
Osram Licht AG
Lutron Electronics Co., Inc
Häfele
Honeywell International Inc.
Zumtobel Group

Drivers of the Ambient Lighting Market:

The global ambient lighting market is experiencing an upsurge in demand over the forecast period. This is mainly due to the increasing penetration of innovative lighting solutions due to a rising trend for the redevelopment of infrastructure and an increase in the demand for enhanced interior design by the consumers. The growth in the adoption of smart lighting and numerous benefits offered by the use of such lighting, which includes improved energy efficiency, easy use, low cost, the ability to offer uniform and glare-free lighting, are some other factors surging the growth of the global ambient lighting market. Furthermore, the launch of various projects for the development of smart cities in economies like Saudi Arabia and the increasing shift towards adopting connected lighting solutions across the customers are further boosting the demand for ambient light worldwide in the upcoming years. Additionally, several government policies for saving energy and using energy-efficient lights are major factor propelling the growth of the global ambient lighting market. On the other hand, high replacement costs for replacing traditional lighting with ambient lighting will hamper the growth of the global ambient lighting market.

For example, the UN Environment and the Global Environment Facility (GEF) introduced an initiative in 2015 to offer support to the countries to utilize energy-efficient lighting, appliances, and equipment. This initiative performs its actions under the General’s Sustainable Energy for All (SEforALL) initiative, which sees energy-efficient lighting as a high impact opportunity.

Key Benefits offered by the Ambient Lighting Market report:

This study represents the analytical depiction of the Ambient Lighting Market along with the ongoing trends and future estimations to determine the imminent investment pockets.
The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Ambient Lighting Market share.

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Segmentation of the Ambient Lighting Market:

The Ambient Lighting Market has been categorized into the following segments:

Breakup by Offering:

Software & Services
Hardware

Lighting Controls
Lamps & Luminaries

Halogen Lamps
Incandescent Lamps
Light-Emitting Diode (LED)
Fluorescent Lamps

Breakup by Type:

Suspended Lights
Surface-Mounted Lights
Track lights
Strip Lights
Recessed Lights

Breakup by End-User:

Hospitality & Retail
Residential
Industrial
Healthcare
Automotive
Office Buildings

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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