Architectural Lighting Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Semiconductor and Electronic

The global Architectural Lighting market size is expected to be worth around US$ 12.1 billion by 2027, according to a new report by Vision Research Reports.

The global Architectural Lighting market size was valued at US$ 7.6 million in 2019 and is anticipated to grow at a CAGR of 6.0% during forecast period 2020 to 2027.

Growth Factors

The growing need to ensure a well-lit space, with appealing lighting for enhancing the interior artifacts and corners, is expected to drive the market. The consumer demands have inclined towards architectural lighting with attributes such as cost-saving, affordability, reliability, adjustable illumination power, and longer lifespan. Moreover, the necessity to illuminate rooms, stairs, walls, gardens, parking lot, walkways, corridors, and other areas of the building is boosting the adoption of architectural lighting across the commercial and residential sectors.

The market is expected to witness significant growth owing to rising demand for aesthetic lights for decorating homes and commercial spaces such as offices, malls, shops, restaurants, and hotels. Furthermore, the transition of lighting bulbs from fluorescent to LEDs provides flexibility to a lighting designer in creating a variety of lighting fixtures for commercial and residential building. This, in turn, is accelerating the adoption of architectural lights among interior designers. The architectural lights also help to highlight each corner and space of a large room, such as museum, movie theater, restaurant, and office by accentuating the aesthetics of interior and exterior of the building. This, in turn, is driving the market over the forecast period.

Light Type Insights

Based on light type, the market has been bifurcated into light emitting diode (LED), high-intensity discharge (HID), and others. The LED light type segment accounted for USD 3.5 billion in 2019 and is expected to witness a CAGR of 12.3% from 2020 to 2027. The growth of the segment is attributed to the reduced energy consumption cost and availability of appealing LED lighting fixtures. Moreover, increasing of LED in architectural lighting across indoor and outdoor areas of buildings allows it to be incorporated into façade lighting, recessed floor light, decorative pendant, chandelier light, and strip light.

The industry experienced a swift transformation with the emergence of LED lighting, leading to a decline in the market share of fluorescent, compact fluorescent lamp (CFL), linear fluorescent light (LFL), and HID. Various forms of HID lights used in the parking lots and auditoriums for better illumination are mercury vapor, low and high-pressure sodium and metal halide lamp, ceramic metal halide, and xenon short-arc lamps. The demand for HID lights has declined due to higher emission of infrared light, UV radiation, and short lifespan. Additionally, HID lights are omnidirectional, which necessitates the need for accessory parts to reflect or focus the luminous output of the bulb. Additional parts not only increase the cost but also make light, bulky.

Application Area Insights

Based on application area, the architectural lighting market has been segmented into indoor and outdoor. The indoor application of architectural lighting illuminates the horizontal wall, vertical wall, surface corners, stairs, room curves, hallways, and large rooms. The outdoor application includes exterior fencing walls and stairs, and patio. The indoor segment has emerged as the highest revenue contributor owing to the usage of a higher number of lights in the interior space of the building. Additionally, the indoor spaces require various forms of lighting, such as façade lighting, uplight, retrofits, wall wash light, pendants, and chandeliers, to improve the ambiance, which has contributed to the growth of the indoor segment. Also, the integration of IoT into lights has provided an impetus to the burgeoning demand for indoor architectural lighting.

The outdoor segment is expected to witness a higher growth rate of over 12.7% during the forecast period. The growth is attributed to the demand for illuminating exterior walls of the buildings, parking areas in the IT parks, and residential gardens due to security concerns across the buildings. A well-lit surrounding of the building ensures safety as well as enhances the exterior architecture of the building, which is an essential factor driving the outdoor lighting segment. The Burj Khalifa (Dubai), Chrysler Building (New York), Taipei 101 (Taiwan), Empire State Building (New York), Eiffel Tower, (Paris), CHUNGHA BUILDING (Seoul, South Korea) are some of the buildings known for their impressive exterior architectural lighting.

End-user Insights

On the basis of end-user, the market is segmented into residential and commercial. The commercial segment is anticipated to remain the highest revenue contributor over the forecast period and is likely to reach USD 9.6 billion by 2027. Increasing the use of lighting for enhanced interior and exterior architectural beauty of commercial buildings such as museums, airports, IT parks, hotels, spa and resort, and restaurants are driving the segment growth. Moreover, the cost-saving and low energy consumption feature of architectural LED lighting has driven the demand in commercial buildings.

The residential segment is expected to grow at a faster rate of 12.7% over the forecast period. The utilization of architectural lighting in residential buildings was initially witnessed across high-end luxury villas and flats. However, the rise in purchasing power parity (PPP) led to an improved standard of living, thereby positively impacting the growth of the residential segment. Furthermore, the declining price of LED fixtures has also led to a staggering trajectory across the residential sector and is expected to augment over the forecast period.

Regional Insights

In Asia Pacific, the market was valued at USD 3.4 billion in 2019. The region is anticipated to hold the largest market share during the forecast period. The region has more than 40 countries, and most of them are identified by "The United Nations" as under-developing or developing nations. The infrastructure development in commercial buildings, public spaces, and high-end residential complexes in the developing nations of Asia is necessitating the need for innovative lighting solutions. This, in turn, is contributing to the increasing demand for installation of appealing interiors and exterior architectural lighting. Moreover, improving lifestyle, growth in disposable income, and availability of economically priced architectural lights are driving the market across India.

In Europe, the market is expected to witness a significant CAGR over the forecast period. The growth can be attributed to the growing adoption of energy-efficient lighting systems coupled with advanced control systems across Europe. The ever-increasing demand for architectural lighting with modern design and temperature control features for areas of application such as homes, restaurants, theaters, museums, hotels, shops, and malls, are expected to drive market growth over the forecast period. Furthermore, the presence of many well-known organizations who are contributing towards improved designs for architectural illumination including the Association des Concepteurs Lumière et Éclairagistes (ACE) in France, the Associazione Professionisti dell' Illuminazione (APIL) in Italy, Schweizerische Licht Gesellschaft (SLG) in Switzerland, and the Hellenic Illumination Committee (HIC) in Greece has paved the way for market progress.

Key Players

IDEAL INDUSTRIES INC.; Hubbell, Delta Light, GE Current, a Daintree company; Technical Consumer Products, Inc.; Siteco GmbH, Signify Holdings, Zumtobel Group AG, and GVA Lighting. These key players are anticipated to dominate the market owing to their capability to provide technology integrated lights offering unique designs.

Market Segmentation

Architectural Lighting Type Outlook 

  • Light-Emitting Diode (LED)

  • High-Intensity Discharge (HID)

  • Others

Architectural Lighting Application Area Outlook 

  • Indoor

  • Outdoor

Architectural Lighting End-user Outlook 

  • Residential

  • Commercial

Architectural Lighting Regional Outlook 

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

The Architectural Lighting market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Architectural Lighting market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Architectural Lighting market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Architectural Lighting market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Architectural Lighting market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Architectural Lighting capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Architectural Lighting by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Architectural Lighting market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Architectural Lighting market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Architectural Lighting market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Architectural Lighting industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Architectural Lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Architectural Lighting market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Architectural Lighting market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Architectural Lighting market. These factors have benefited the growth of the global market for Architectural Lighting. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Architectural Lighting. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Architectural Lighting are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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