The global Ambient Lighting Market research report 2028, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Ambient Lighting market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
The ambient lighting market is expected to witness market growth at a rate of 9.7% in the forecast period of 2021 to 2028.
Top Companies in the Global Ambient Lighting Market:
Signify Holding, OSRAM GmbH, GENERAL ELECTRIC, Eaton, Cree, Inc., Zumtobel Group AG, Wipro Lighting, Häfele, ACUITY BRANDS LIGHTING, INC, Hubbell, GENLED Brands, Amerlux, LLC, Decon Lighting Pvt. Ltd., 3G Lighting, NICOR Lighting, Axis Lighting, Louis Poulsen, Vantage Lighting, v2 Lighting Group, Inc, SPI Lighting, Inc., Selux Corp, among others.
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Market Segmentation:
The ambient lighting market is segmented on the basis of offering, type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the ambient lighting market is segmented into hardware, software and services.
- On the basis of type, the ambient lighting market is segmented into surface mounted lights, suspended lights, track lights, strip lights, and recessed lights.
- On the basis of end user, the ambient lighting market is segmented into residential, hospitality and retail, healthcare, industrial, office building and automotive.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the ambient lighting market due to the large manufacturing as well as consumption of ambient lighting devices within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the low operational cost as well as availability to cheap labor in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Ambient lighting refers to a general lighting that provides overall illustration in an area. It offers a satisfying level of brightness with no glare which further assists individual in seeing clearly and walk safely. It also helps in performing perform specific tasks such as grooming, reading, paper work, preparing and cooking food, and playing games among others.
The rise in preference for smart lighting across the globe acts as one of the major factors driving the growth of ambient lighting market. The increase in consumer preferences for better interior designing with energy-efficient lighting systems, and ongoing technological evolutions, such as smart lighting systems in commercial or residential buildings, accelerate the market growth. The increase in concerns regarding global climate change leading the implementation of various rules and regulations pertaining to energy efficiency, and rise in inefficiency of incandescent bulbs due to the excess heat generation, further influence the market. Additionally, government initiatives and policies for energy savings, urbanization and digitization, and modernization of infrastructure and upcoming smart city projects in developing economies positively affect the ambient lighting market. Furthermore, rapid transition from traditional lighting to connected lighting solutions and increase in awareness of benefits of OLED in ambient lighting extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high costs involved in replacing traditional lighting with ambient lighting and lack of common standards are expected to obstruct the market growth. Security and reliability issues with IoT-based lighting systems and lack of awareness about payback period are projected to challenge the ambient lighting market in the forecast period of 2021-2028.
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