Global Architectural lighting Market Segments 2024, Forecast To 2033
5 Mar, 2024
The architectural lighting market experienced strong growth, increasing from $8.39 billion in 2023 to $9.1 billion in 2024, with an 8.5% CAGR. Urbanization, infrastructure development, and design trends contributed to historical growth. The market is anticipated to reach $12.41 billion in 2028, fueled by emerging applications, human-centric lighting, and smart city initiatives.
Global Architectural lighting Market Key Driver
The architectural lighting market is set to grow with the increasing demand for energy-efficient lighting solutions. Energy-efficient lighting reduces power expenditures and carbon dioxide emissions while maintaining light quality. LED lighting accounted for 48% of global sales in 2021 and is expected to reach 99% by 2030. The International Energy Agency reports a continuous rise in LED lighting efficiency. The market growth is driven by the adoption of energy-efficient lighting solutions and the widespread use of LED technology.
Get A Free Sample Of The Global Architectural lighting Market ReportGlobal Architectural lighting Market Segments
The architectural lighting market covered in this report is segmented –
1) By Type: Incandescent Lights, Fluorescent Lights, High Intensity Discharge (HID) Lights, Light Emitting Diode (LED) Lights, Other Types
2) By Lighting Type: Ambient, Task, Accent
3) By Application: Wall Wash, Cove Lighting, Backlighting, Other Applications
4) By End-User: Residential, Commercial, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the architectural lighting market in 2023. North America is expected to be the fastest-growing region in the architectural lighting market report during the forecast period. The regions covered in the architectural lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Architectural lighting Industry Players
Acuity Brands Lighting Inc.; Siteco Beleuchtungstechnik GmbH; Signify Holdings BV; OSRAM GmbH; Cree Inc.; Altera Digital Health; Netsmart Technologies Inc.; Athenahealth plc; Allscripts Healthcare LLC; Jag products LLC; Optum Inc.; Change Healthcare LLC; Koninklijke Philips N V; Meta Platforms Inc.; Elinext Group; AdvancedMD Inc.; NXGN Management LLC; Kareo Inc.; Bizmatics Inc.; Greenway Health LLC; GroupOne Health Source; MedicalMine Inc.; Connexin Networks Ltd.; Kaaspro Enterprise; Duchang IT; GoodWill International; SAP SE; WRS Health; Louis Poulsen A/S; Targetti Sankey SpA; Reggiani Illuminazione SpA
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AIOps Architectural lighting Market Overview
Architectural lighting is illumination for building design and function. It serves and improves specific architectural aspects to develop, establish, or accentuate a building's aesthetic, history, and function.
Architectural lighting Global Market Report 2023 provides data on the global architectural lighting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The architectural lighting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.