Global Architectural Lighting Market Size Study, by Component (Lamp Holders, Ballasts), by Source (Light Emitting Diode, High-Intensity Discharge), by Application (Indoor, Outdoor), by End Use, and Regional Forecasts 2022-2032

Description

The global architectural lighting market, valued at approximately USD 9.47 billion in 2023, is projected to expand at a robust compound annual growth rate (CAGR) of 7.70% over the forecast period from 2024 to 2032. Architectural lighting, an integral element of modern infrastructure, enhances the visual appeal of buildings while ensuring optimal illumination. This sophisticated lighting segment merges artistic design with cutting-edge technology, playing a pivotal role in residential, commercial, and industrial structures. With the increasing emphasis on energy-efficient lighting solutions and advancements in smart lighting technologies, the demand for architectural lighting has surged across various sectors.

The rapid pace of urbanization and infrastructural developments has significantly influenced the market's trajectory, fostering a growing need for intelligent and sustainable lighting systems. The surge in smart city initiatives and stringent government regulations aimed at reducing carbon footprints have fueled the adoption of LED-based architectural lighting. The growing preference for energy-efficient lighting solutions over conventional lighting systems is further accelerating market expansion. Moreover, the integration of Internet of Things (IoT)-enabled lighting systems, which allow remote monitoring and control, has gained immense traction among commercial establishments, reinforcing the demand for architectural lighting.

Despite the optimistic growth prospects, certain challenges could potentially restrain market expansion. The high initial investment costs associated with smart and energy-efficient lighting solutions may deter small and medium enterprises (SMEs) from transitioning to modern architectural lighting. Additionally, the lack of awareness and limited adoption of IoT-integrated lighting solutions in emerging economies could pose challenges to widespread market penetration. However, technological advancements in lighting control systems and government incentives promoting energy-saving lighting infrastructure continue to pave the way for increased adoption.

Regionally, Europe has emerged as the dominant market, driven by its well-established infrastructure, high adoption rate of smart lighting solutions, and stringent energy efficiency regulations. Countries such as Germany, the UK, and France are at the forefront, implementing architectural lighting solutions that align with sustainability goals. Meanwhile, North America is experiencing substantial growth, propelled by advancements in commercial and industrial smart lighting applications, particularly in the United States and Canada. The Asia-Pacific region is expected to witness the fastest growth rate over the forecast period, fueled by rapid urbanization, government-led smart city projects, and increased investment in infrastructure development in countries like China, India, and Japan. Latin America and the Middle East & Africa (MEA) markets are also anticipated to exhibit steady growth, with increased demand for architectural lighting solutions in hospitality, commercial, and industrial sectors.

Major market players included in this report are:

Signify N.V.
Acuity Brands, Inc.
Zumtobel Group AG
General Electric Company
Hubbell Incorporated
OSRAM Licht AG
Cree Lighting
Cooper Lighting Solutions
Delta Light
Lutron Electronics Co., Inc.
Wipro Lighting
Kichler Lighting LLC
RAB Lighting Inc.
Targetti Sankey S.p.A.
Eaton Corporation

The detailed segments and sub-segments of the market are explained below:

By Component:

Lamp Holders
Ballasts

By Source:

Light Emitting Diode (LED)
High-Intensity Discharge (HID)

By Application:

Indoor
Outdoor

By End Use:

Residential
Commercial
Industrial

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022, 2023
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape, with country-level insights into major regions.
Competitive landscape with insights into major players and market positioning.
Analysis of key business strategies and recommendations on future market approaches.
In-depth assessment of the competitive structure and emerging trends in the market.
Demand-side and supply-side analysis of the market to understand growth patterns and investment opportunities.

Chapter 1. Global Architectural Lighting Market Executive Summary

1.1. Global Architectural Lighting Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Component}
- 1.3.2. {By Source}
- 1.3.3. {By Application}
- 1.3.4. {By End Use}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Architectural Lighting Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Architectural Lighting Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Energy-Efficient Lighting
- 3.1.2. Advancements in Smart Lighting Technologies
- 3.1.3. Urbanization and Infrastructure Developments
3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Limited Adoption of IoT-Integrated Systems in Emerging Economies
3.3. Market Opportunities
- 3.3.1. Integration of IoT-Enabled Lighting Systems
- 3.3.2. Government Incentives and Stringent Energy Regulations
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Architectural Lighting Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Architectural Lighting Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Architectural Lighting Market: {Component} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Lamp Holders
- 5.2.2. Ballasts

Chapter 6. Global Architectural Lighting Market Size & Forecasts by Source 2022-2032

6.1. Segment Dashboard
6.2. Global Architectural Lighting Market: {Source} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Light Emitting Diode (LED)
- 6.2.2. High-Intensity Discharge (HID)

Chapter 7. Global Architectural Lighting Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Architectural Lighting Market: {Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Indoor
- 7.2.2. Outdoor

Chapter 8. Global Architectural Lighting Market Size & Forecasts by End Use 2022-2032

8.1. Segment Dashboard
8.2. Global Architectural Lighting Market: {End Use} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Industrial

Chapter 9. Global Architectural Lighting Market Size & Forecasts by Region 2022-2032

9.1. North America Architectural Lighting Market
- 9.1.1. U.S. Architectural Lighting Market
  - 9.1.1.1. {Component} breakdown size & forecasts, 2022-2032
  - 9.1.1.2. {End Use} breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Architectural Lighting Market
9.2. Europe Architectural Lighting Market
- 9.2.1. UK Architectural Lighting Market
- 9.2.2. Germany Architectural Lighting Market
- 9.2.3. France Architectural Lighting Market
- 9.2.4. Spain Architectural Lighting Market
- 9.2.5. Italy Architectural Lighting Market
- 9.2.6. Rest of Europe Architectural Lighting Market
9.3. Asia Pacific Architectural Lighting Market
- 9.3.1. China Architectural Lighting Market
- 9.3.2. India Architectural Lighting Market
- 9.3.3. Japan Architectural Lighting Market
- 9.3.4. Australia Architectural Lighting Market
- 9.3.5. South Korea Architectural Lighting Market
- 9.3.6. Rest of Asia Pacific Architectural Lighting Market
9.4. Latin America Architectural Lighting Market
- 9.4.1. Brazil Architectural Lighting Market
- 9.4.2. Mexico Architectural Lighting Market
- 9.4.3. Rest of Latin America Architectural Lighting Market
9.5. Middle East & Africa Architectural Lighting Market
- 9.5.1. Saudi Arabia Architectural Lighting Market
- 9.5.2. South Africa Architectural Lighting Market
- 9.5.3. Rest of Middle East & Africa Architectural Lighting Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Signify N.V.
- 10.1.2. Acuity Brands, Inc.
- 10.1.3. Zumtobel Group AG
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Signify N.V.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Acuity Brands, Inc.
- 10.3.3. Zumtobel Group AG
- 10.3.4. General Electric Company
- 10.3.5. Hubbell Incorporated
- 10.3.6. OSRAM Licht AG
- 10.3.7. Cree Lighting
- 10.3.8. Cooper Lighting Solutions
- 10.3.9. Delta Light
- 10.3.10. Lutron Electronics Co., Inc.
- 10.3.11. Wipro Lighting
- 10.3.12. Kichler Lighting LLC
- 10.3.13. RAB Lighting Inc.
- 10.3.14. Targetti Sankey S.p.A.
- 10.3.15. Eaton Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes