Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global architectural lighting market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Architectural lighting is a combination of technology and art that enhances the experience and ambience of any space or building. Architectural lighting majorly focuses on three aspects of any building or area, i.e. aesthetics, functionality and energy efficiency. Aesthetic aspect focuses on enhancing the emotional impact of a space by providing a balance between lighting and architecture. This aspect is mostly associated with retail locations and interior lighting to attract large masses. Functionality aspect includes illumination of space precisely to perform specific tasks such as writing, reading and navigation. Furthermore, the energy efficiency aspect includes the maximum impact of lighting with minimum energy consumption. Owing to these aspects, architectural lighting solutions find diversified applications across various sectors, including residential, retail, education, hospitality, commercial, industrial, etc.

The global architectural lighting market is primarily driven by the growing adoption of LED lighting solutions, increasing advancements in lighting technology, growing urban space, rising demand for aesthetic lights and surging need for energy-efficient lighting devices. Architectural lighting is one of the early adopters of LED lighting. LED lights are more flexible and efficient in terms of power consumption and colors as compared to other conventional lighting solutions. LED-based architectural lighting is often featured with low carbon footprints that minimizes the adverse effects on the environment. LED lighting solutions lower energy consumption as well as reduces the maintenance expenditures, which is further driving the growth of the global architectural lighting market. Furthermore, based on several technological advancements, various key players are launching smart architectural lighting solutions integrated with sensors for providing safe and efficient on-demand lighting. The introduction of smart lighting and control systems offers architectural luminaires with high performance, intelligent control with lower energy consumption, along with the option for setting the light intensity according to the consumer’s need. Moreover, the increasing demand for energy-efficient lighting systems coupled with the growing investments in the construction of smart city infrastructures such as bridges, roadways and commercial buildings is propelling the growth of the global architectural lighting market. Furthermore, the refurbishment and reconstruction of several historic and public infrastructures supported by rapid urbanization is also expected to drive the architectural lighting market in the coming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global architectural lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on light source, lighting type, application and end use.

Breakup by Light Source:

Fluorescent Lights
High Intensity Discharge (HID) Lights
Light Emitting Diode (LED) Lights
Others

Breakup by Lighting Type:

Ambient
Task
Accent

Breakup by Application:

Wall Wash
Cove Lighting
Backlighting
Others

Breakup by End Use:

Commercial
Residential
Industrial
Others

Breakup by Region:

North America

United States
Canada

Europe

Germany
France
United Kingdom
Italy
Spain
Others

Asia Pacific

China
Japan
India
Australia
Indonesia
South Korea
Others

Middle East and Africa

United Arab Emirates
Saudi Arabia
Qatar
Iraq
Others

Latin America

Brazil
Mexico
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Signify Holding B.V., OSRAM GmbH, Cree Lighting, The General Electric Company, Acuity Brands Lighting Inc., Seoul Semiconductor Co., Ltd., Samsung Electronics Co., Ltd. and Griven S.r.l.

Key Questions Answered in This Report:

What is the market size for the global architectural lighting market 2022?

What is the global architectural lighting market growth 2023-2028?

What are the global architectural lighting market drivers?

What are the key industry trends in the global architectural lighting market?

What is the impact of COVID-19 on the global architectural lighting market?

What is the global architectural lighting market breakup by light source?

What is the global architectural lighting market breakup by lighting type?

What is the global architectural lighting market breakup by application?

What is the global architectural lighting market breakup by end use?

What are the major regions in the global architectural lighting market?

Who are the key companies/players in the global architectural lighting market?