ID: MRFR/SEM/2852-HCR | 100 Pages | Author: Ankit Gupta | September 2023
The Ambient Lighting Market Size was valued at USD 58.79 Billion in 2022 and is projected to grow from USD 67.16 Billion in 2023 to USD 125.81 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.98% during the forecast period (2023 - 2030). Ambient lighting refers to the general illumination of a space, created to provide a base level of brightness that allows a person to safely navigate and perform tasks. This type of lighting is often achieved through overhead fixtures, wall-mounted lights, or large lamps, and it sets the mood and overall feel of a room by creating a soft, diffused glow. Ambient lighting is a crucial aspect of interior design and is typically used in combination with task and accent lighting to create a well-balanced and functional lighting scheme.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
When compared to cold cathode fluorescent lamps and compact fluorescent lamps, LED lighting systems utilize far less amount of energy to produce light with a similar intensity. Therefore, LEDs have mostly replaced CFLs and CCFLs and are anticipated to do so fully in the upcoming years. The market for ambient lighting is anticipated to be driven shortly by this most recent trend. Additionally, the neutral and UV-free nature of the LEDs makes them better suited for interior illumination. They are therefore appropriate for those with photosensitive diseases. The LED-emitted radiation is secure. Additionally, the advantages that LED lights offer, such as their smaller size, flexibility in design, longer life duration, better energy efficiency, enhanced physical strength, and other benefits, are what essentially drives the market for ambient lighting.
The market segmentation, based on type, includes Down Lighting, Surface Mounted Lighting, Suspended Lighting, and Track Lighting. The dominance of surface-mounted lighting in the market can be attributed to its versatility and ease of installation, as well as its ability to be designed in a variety of styles to suit different aesthetic preferences. However, it is important to note that other types of lighting, such as recessed or suspended lighting, can also play an important role in creating ambient lighting in a space.
Based on Application, the market segmentation includes Residential and Commercial. The Commercial segment is anticipated to dominate the market over the whole forecast period due to the growing demand for energy-efficient and aesthetically pleasing lighting solutions in homes. Ambient lighting plays an important role in creating a comfortable and inviting environment in residential spaces, and advancements in lighting technology, such as LED lighting, are making it easier and more affordable to incorporate energy-efficient and stylish lighting into homes. The rise of smart home technology and the growing interest in home automation is also driving the growth of the residential segment in the market.
Figure 2: Ambient Lighting Market, by Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to dominate the market due to the presence of a large number of lighting manufacturers and suppliers in the region, as well as the growing demand for energy-efficient and technologically advanced lighting solutions. The region's strong economy and high standard of living are also contributing factors to the dominance of North America in the market. Additionally, the widespread adoption of smart home technology and the increasing focus on sustainability is also driving the growth of the market in North America. However, it is important to note that the ambient lighting market is, and other regions, such as Europe and Asia, are also expected to experience significant growth in the coming years.
Figure 3: AMBIENT LIGHTING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development such as new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Ambient Lighting industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Ambient Lighting industry to benefit customers and expand the market sector. Major market players, including Philips Lighting Holding, General Electric Company, Samsung Electronics Co. Ltd, The Zumtobel Group, Häfele, and others, are attempting to increase market demand by funding R&D initiatives.
Signify, originally Philips Lighting is a supplier of lighting products, systems, and services to both professionals and consumers. The firm develops, produces, and distributes incandescent, halogen, fluorescent, and high-intensity discharge lights for household and professional applications, as well as electronic components for luminaire makers such as electronic ballasts and drivers. It also offers LED lights for professional and consumer channels, as well as LED electrical components such as LED drivers and modules for retail, hotel, office, and outdoor applications.
A firm called Hafele manufactures and markets furniture and joinery hardware. Its offerings also include switches and accessories, electronic access systems, door closures, shower hinges, culinary utensils, lights, storage solutions for video and audio equipment, ventilation grates, and more.
March 2022:Philips NV introduced an ambient experience and flexvision display with the Azurion system. The ambient experience provided by the flexvision display has been shown to minimize patient anxiety during interventional treatments, boost patient-staff competence, and improve workflows and efficiency.
February 2022:Samsung Electronics Co., Ltd. announced the newest micro LED. its goal has been achieved by 25 million micrometer-sized light-emitting diodes that individually produce color and light, creating an immersive experience through incredibly vibrant colors, impressive depth, and a heightened level of contrast and clarity.
Report Attribute/Metric | Details |
Market Size 2022 | USD 58.79 Billion |
Market Size 2023 | USD 67.16 Billion |
Market Size 2030 | USD 125.81 Billion |
Compound Annual Growth Rate (CAGR) | 9.98% (2023-2030) |
Base Year | 2022 |
Market Forecast Period | 2023-2030 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Philips Lighting Holding, General Electric Company, Enterprise Lighting LTD, Unity Technologies SF, OSRAM Licht, Signify, Acuity Brands, Hubbell Lighting, Samsung Electronics Co. Ltd, The Zumtobel Group, Häfele GmbH & Co KG |
Key Market Opportunities | Growing awareness of OLED in ambient light |
Key Market Dynamics | Government initiatives and policy for energy savings |
The Ambient Lighting market size was valued at USD 58.79 Billion in 2022.
The market is projected to grow at a CAGR of 9.98% during the forecast period, 2023-2030.
North America had the largest share of the Ambient Lighting market.
The key players in the market are Philips Lighting Holding, General Electric Company, Enterprise Lighting LTD, Unity Technologies SF, OSRAM Licht, Signify, Acuity Brands, Hubbell Lighting, Samsung Electronics Co. Ltd, The Zumtobel Group, Häfele GmbH & Co KG.
The Surface Mounted Lighting category dominated the market in 2022.
Residential had the largest share in the market for Ambient Lighting.
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