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Ambient Lighting Market Share

Report ID: GMI8922
Published Date: Apr 2024
Report Format: PDF

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Ambient Lighting Market Share

Signify Holding and OSRAM GmbH held a significant share of over 13% in the ambient lighting industry in 2023. Signify Holding, formerly known as Philips Lighting, is a global leader in lighting solutions. The company offers a wide range of products and services in the market including LED bulbs, luminaires, and connected lighting systems for residential, commercial, and urban environments. Signify focuses on energy-efficient and innovative lighting solutions to enhance comfort, well-being, and sustainability.

Koninklijke Philips NV, commonly known as Philips, is a diversified health technology company operating in sectors such as healthcare, consumer lifestyle, and lighting. In the industry, Philips offers a range of innovative lighting solutions for homes, offices, and public spaces. These include smart LED bulbs, architectural lighting systems, and ambient lighting products designed to enhance mood and atmos

Ambient Lighting Market Companies

Major players operating in the ambient lighting industry are:

Signify Holding
OSRAM GmbH
GE Lighting (SAVANT TECHNOLOGIES LLC)
Koninklijke Philips NV
Samsung Electronics Co. Ltd
Eaton Corporation Inc.
SCHOTT Group

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for ambient lighting recorded over USD 70 billion in 2023 and is expected to register over 9% CAGR from 2024 to 2032, owing to the rising adoption of IoT devices, home automation systems and growing trend of interconnected smart homes.

Ambient indoor lighting market is estimated to expand at over 9.5% CAGR from 2024 to 2032, due to the proliferation of smart home technology and growing adoption of lighting systems, easily controlled via smartphones or voice assistants.

Asia Pacific ambient lighting industry accounted for over 40% revenue share in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, led by the increasing urbanization, rising disposable income, and the growing awareness of energy-efficient lighting solutions.

Signify Holding, OSRAM GmbH, GE Lighting (SAVANT TECHNOLOGIES LLC), Koninklijke Philips NV, Samsung Electronics Co. Ltd, Eaton Corporation Inc., SCHOTT Group are some of the major ambient lighting companies worldwide.