Industry Background:
Architectural lighting straddles the line between art (architecture) and technology (lighting). Architectural lighting design is a field of work or research that focuses on the design of lighting systems for both the interior and exterior of buildings. It may involve the manipulation and design of both natural and artificial light to meet human needs. An LED light bulb or lamp is an electric light that uses one or more light-emitting diodes and is mainly used in light fixtures. As compared to similar incandescent lamps, LED lamps are more energy-efficient, have a longer lifetime, and use a fraction of the energy. LEDs also produce very little heat due to their highly efficient electricity-to-light conversion process. These lighting devices are also favored because, unlike compact fluorescent lights and traditional incandescent lights, they do not absorb pollutants in the atmosphere and have a lower carbon footprint. All of these measures point to the long-term viability of using LED lighting products, which is why architectural LED lighting is a popular option in many parts of the world. In comparison to conventional lighting products, LED lighting not only looks good but also saves room and allows for more design flexibility.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nichia Corporation (Japan), K-Lite (India), Cree, Inc. (United States), GE Lighting LLC (United States), Philips (Netherlands), OSRAM Light AG (Germany), Havells Sylvania (United Kingdom), Epistar corporation (Taiwan), Toshiba Lighting and Technology Corporation (China) and Cooper Industries Plc (United States) |
This growth is primarily driven by Rising Demand for Energy-Efficient Lighting Products and Increasing Awareness Among People About Energy Saving Products.
Globally, a noticeable market trend is evident Smart Architectural Solutions Major Players, such as Nichia Corporation (Japan), K-Lite (India), Cree, Inc. (United States), GE Lighting LLC (United States), Philips (Netherlands), OSRAM Light AG (Germany), Havells Sylvania (United Kingdom), Epistar corporation (Taiwan), Toshiba Lighting and Technology Corporation (China) and Cooper Industries Plc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
December 2020 – NICHIA Launches Advanced Tunable LED Pairing. This new tunable LED pairing has been developed to enhance the regulation of your Body Clock with the combining of stimulation and calming doses, in addition to color tuning.
February 2020 – and K-LITE launches a new series of LED Architectural lighting. LED Architectural Lighting for application in Facades, Pathways, Billboards, etc, and which include In-ground Luminaires, Uplighters, Up-down Lighting, Vertical Light Bars, Wall Washers, Area Lighting poles, besides the ever popular Sleek range of Polar Lighting Solutions.application in Facades, Pathways, Billboards, etc, and which include In-ground Luminaires, Uplighters, Up-down Lighting, Vertical Light Bars, Wall Washers, Area Lighting poles, besides the ever-popular Sleek range of Polar Lighting Solutions
Influencing Trend:
Smart Architectural Solutions
Market Growth Drivers:
Rising Demand for Energy-Efficient Lighting Products and Increasing Awareness Among People About Energy Saving Products
Challenges:
Various Alternatives Available
Restraints:
High Initial Cost of Installation
Opportunities:
High Demand for LED Lighting Driven By the Modernization and Development of Infrastructures Such as Smart Cities, Development of Wireless Technology for LED Street Lighting Systems and Increased Investment In R&D
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Architectural LED Products Market
- Analysis about New Entrants in Architectural LED Products Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Architectural LED Products Study Sheds Light on
The Architectural LED Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Architectural LED Products industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Architectural LED Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.