What is the global market size of Ambient Lighting Market?

Ambient Lighting Market size was valued at USD 58.25 billion in 2021 and is poised to grow from USD 63.84 billion in 2022 to USD 122.67 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).

Global Ambient Lighting Market Size, Share, Growth Analysis, By Type(Suspended Lights, Recessed Lights), By Offering(Software, Services), By End-use(Residential, Hospitality & Retail) - Industry Forecast 2024-2031

Report ID: SQMIG25E2074 | Region: Global | Published Date: February, 2024
Pages: 231 | Tables: 92 | Figures: 76

Global Ambient Lighting Market Insights

Ambient Lighting Market size was valued at USD 58.25 billion in 2019 and is poised to grow from USD 63.84 billion in 2023 to USD 122.67 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).

Ambient lighting is a framework used to ease up indoor and open air regions with adequate brilliance with next to no glare. Among the lighting frameworks, ambient lighting frameworks are one of the main arrangements that draw in clients across the world. Ambient lighting is one of the most widely recognized kinds of lighting all over the planet. A significant benefit of utilizing this kind of lighting is that downsizing the quantity of lights is wanted. It is a lightweight sparkle the right amount to work without bringing on any brutal glare. In the photography and cinematography portion, the ambient light is considered as "normal light" inside an area.

Ambient Lighting Business sector size will observer development because of the rising interest for agreeable and imaginative lighting arrangements, the developing pattern of contemporizing foundation, and the requirement for energy-proficient arrangements. The developing number of infrastructural undertakings and rising customer interest for upgraded inside plan add to the Ambient Lighting Business sector development.

US Ambient Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Ambient Lighting Market Report Snapshots

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The Ambient Lighting Market is competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Acuity Brands, Inc., Dialight plc, General Electric Company, Häfele, Helvar, Honeywell International Inc., Hubbell Incorporated, Ideal Industries, Lutron Electronics, Osram Licht AG, RAB Lighting Inc., Signify Holding, SPI Lighting Holdings, LLC, and Zumtobel Group, among several others who are driving the market. 'Koninklijke Philips N.V.', 'Osram Licht AG', 'Cree Inc.', 'General Electric Company', 'Acuity Brands Lighting Inc.', 'Zumtobel Group AG', 'Wipro Enterprises Limited', 'Hubbell Incorporated', 'Eaton Corporation PLC', 'Lutron Electronics Co. Inc.', 'Samsung Electronics Co. Ltd.', 'Thorn Lighting Limited', 'Signify Holding', 'Amerlux LLC', 'Legrand SA', 'Cooper Lighting Solutions', 'Hafele GmbH & Co KG', 'Fagerhult AB', 'Dialight plc', 'Echelon Corporation'

One of the essential variables driving the development of the ambient lighting market is the developing inclination for brilliant ambient light across the globe. Shopper interest for better inside plan with energy-proficient light frameworks is extending, supplemented by the continuous mechanical headways, for example, brilliant light frameworks in business or private structures, which are driving the ambient light industry.

The ambient lighting market for recessed lights holds a bigger portion of the overall industry. The market development can be ascribed to the adaptability of these lights to fit in surfaces and their rising use in the private and business areas.

Asia Pacific is probably going to hold the biggest offer in the worldwide ambient lighting market over the gauge period. The enormous piece of the pie is credited to the expanded interest for energy-proficient and inventive light arrangements from arising economies like China and India. What's more, the expanded presence of industry players that fabricates and sells a wide scope of cost-effective answers for use in business, private, modern, medical services, and different applications across the globe is adding to the market development.

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Global Ambient Lighting Market Size, Share, Growth Analysis, By Type(Suspended Lights, Recessed Lights), By Offering(Software, Services), By End-use(Residential, Hospitality & Retail) - Industry Forecast 2024-2031

Global Ambient Lighting Market Insights

Global Ambient Lighting Market Report Snapshots

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