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Architectural Lighting Market Trends

  • Report ID: GMI9860
  • Published Date: Jun 2024
  • Report Format: PDF

Architectural Lighting Market Trends

The market is increasingly prioritizing sustainability and energy efficiency, driven by both regulatory demands and a growing public awareness of environmental issues. One of the key components of this trend is the widespread adoption of LED lighting technology. LEDs are significantly more energy-efficient than traditional incandescent or fluorescent bulbs, consuming up to 80% less energy and having a much longer lifespan. This results in substantial reductions in both energy consumption and maintenance costs. Major manufacturers are leading the charge with innovations in energy-efficient products. For example, In November 2022, Signify launched        its Ultra Efficient range of LED lighting solutions, which includes a variety of products designed to provide significant energy savings and a lower carbon footprint for professional use. The new products are designed to meet the stringent energy labelling regulations and offer substantial cost savings over time.
 

Recent advancements in lighting technologies are revolutionizing the architectural lighting market, bringing a blend of innovation, efficiency, and enhanced functionality. One of the most significant developments is the proliferation of LED (Light Emitting Diode) technology, which offers superior energy efficiency, longevity, and flexibility compared to traditional incandescent and fluorescent lighting. For instance, in June 2024, Elation Professional introduced two groundbreaking lighting technologies: ColourTune and TruTone. These innovations offer unparalleled control and unmatched lighting precision, enhancing design flexibility and creativity for professionals in the lighting industry. ColourTune is a software that provides precise control over output and color accuracy across Elation's full-spectrum LED fixtures. TruTone technology is an advancement that allows designers to adjust CRI from a single fixture to achieve the perfect balance between color accuracy and intensity.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for architectural lighting was valued at USD 9.27 billion in 2023 and is anticipated to register over 8% CAGR between 2024 and 2032, driven by the evolving needs of urban landscapes.

Indoor architectural lighting market accounted for over 55% share in 2023 and will gain traction by 2032, owing to the growing emphasis on interior design across various sectors.

Asia Pacific industry held over 30% share in 2023 and will grow rapidly through 2032, owing to unprecedented rates of urbanization.

Signify Holding, OSRAM GmbH, Acuity Brands, Inc, Cree Lighting, Eaton (Cooper Lighting Solutions), Zumtobel Group, and Legrand SA among others.

Architectural Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 591
  • Countries covered: 19
  • Pages: 210
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