Global Architectural lighting Market
Electrical And Electronics Manufacturing

Understand How The Architectural lighting Market Is Set To Grow In Through 2024-2033

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Steady Expansion in the Architectural Lighting Market

  • Market size growth from $8.39 billion in 2023 to $9.1 billion in 2024 at a CAGR of 8.5%
  • Urbanization, infrastructure development, design trends, and regulatory changes fuel this growth.
  • Expected growth to $12.41 billion in 2028, driven by new applications and urban development projects.

Energy-Efficient Solutions Driving Demand

  • Demand surge for energy-efficient lighting solutions.
  • LED lighting’s dominance, projected to reach 99% of sales by 2030.
  • Increased efficiency, from 111 lumens per watt in 2021 to an expected 142 lumens per watt by 2030.

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Product Innovation Shaping Market Dynamics

  • Symphony Area Light: A game-changer in architectural lighting.
  • SloanLED’s innovative solution offers up to 50,000 lumens and 171 lm/W efficiency.
  • Autonomous motion and daylight controls enhance adaptability and performance.

Strategic Acquisitions Bolster Market Presence

  • LMPG Inc.’s acquisition of Architectural Lighting Works (ALW) expands its market footprint.
  • ALW’s innovative LED lighting solutions complement LMPG’s portfolio.

Market Segmentation: Understanding the Landscape

  1. By Type: Incandescent Lights, Fluorescent Lights, HID Lights, LED Lights, Other Types
  2. By Lighting Type: Ambient, Task, Accent
  3. By Application: Wall Wash, Cove Lighting, Backlighting, Other Applications
  4. By End-User: Residential, Commercial, Other End-Users

Regional Dynamics: Asia-Pacific Leads, North America Accelerates

  • Asia-Pacific dominates the market in 2023.
  • North America poised for rapid growth, particularly in smart city initiatives and urban development projects.

Conclusion: Shaping the Future of Architectural Lighting
The architectural lighting market’s trajectory reflects not only technological advancements but also evolving consumer preferences and environmental concerns. As demand for energy-efficient solutions surges, innovation becomes paramount. From groundbreaking products like the Symphony Area Light to strategic acquisitions, companies are positioning themselves to meet the evolving needs of the market. With Asia-Pacific leading the charge and North America on the brink of significant growth, the future of architectural lighting shines brightly, illuminating the path towards sustainable, aesthetically pleasing, and technologically advanced lighting solutions.

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The Architectural lighting Global Market Report 2024  provides an overview of the architectural lighting market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The architectural lighting market forecast analyzes architectural lighting market size, architectural lighting market share, leading competitor and their market positions.

The Table Of Content For The Architectural lighting Market Include:

1. Architectural lighting Market Executive Summary
2. Architectural lighting Market Segments
3. Architectural lighting Market Size And Architectural lighting Market Growth Rate
4. Key Architectural lighting Market Trends
5. Major Architectural lighting Market Drivers
25. Key Mergers And Acquisitions In The Architectural lighting Market
26. Top Architectural lighting Companies
27. Architectural lighting Market Opportunities And Strategies
28. Architectural lighting Market, Conclusions And Recommendations
29. Appendix

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