The global Architectural Lighting market size is expected to be worth around US$ 12.1 billion by 2027, according to a new report by Vision Research Reports.
The global Architectural Lighting market size was valued at US$ 7.6 million in 2019 and is anticipated to grow at a CAGR of 6.0% during forecast period 2020 to 2027.
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The growing need to ensure a well-lit space, with appealing lighting for enhancing the interior artifacts and corners, is expected to drive the market. The consumer demands have inclined towards architectural lighting with attributes such as cost-saving, affordability, reliability, adjustable illumination power, and longer lifespan. Moreover, the necessity to illuminate rooms, stairs, walls, gardens, parking lot, walkways, corridors, and other areas of the building is boosting the adoption of architectural lighting across the commercial and residential sectors.
The market is expected to witness significant growth owing to rising demand for aesthetic lights for decorating homes and commercial spaces such as offices, malls, shops, restaurants, and hotels. Furthermore, the transition of lighting bulbs from fluorescent to LEDs provides flexibility to a lighting designer in creating a variety of lighting fixtures for commercial and residential building. This, in turn, is accelerating the adoption of architectural lights among interior designers. The architectural lights also help to highlight each corner and space of a large room, such as museum, movie theater, restaurant, and office by accentuating the aesthetics of interior and exterior of the building. This, in turn, is driving the market over the forecast period.
Light Type Insights
Based on light type, the market has been bifurcated into light emitting diode (LED), high-intensity discharge (HID), and others. The LED light type segment accounted for USD 3.5 billion in 2019 and is expected to witness a CAGR of 12.3% from 2020 to 2027. The growth of the segment is attributed to the reduced energy consumption cost and availability of appealing LED lighting fixtures. Moreover, increasing of LED in architectural lighting across indoor and outdoor areas of buildings allows it to be incorporated into façade lighting, recessed floor light, decorative pendant, chandelier light, and strip light.
The industry experienced a swift transformation with the emergence of LED lighting, leading to a decline in the market share of fluorescent, compact fluorescent lamp (CFL), linear fluorescent light (LFL), and HID. Various forms of HID lights used in the parking lots and auditoriums for better illumination are mercury vapor, low and high-pressure sodium and metal halide lamp, ceramic metal halide, and xenon short-arc lamps. The demand for HID lights has declined due to higher emission of infrared light, UV radiation, and short lifespan. Additionally, HID lights are omnidirectional, which necessitates the need for accessory parts to reflect or focus the luminous output of the bulb. Additional parts not only increase the cost but also make light, bulky.
Application Area Insights
Based on application area, the architectural lighting market has been segmented into indoor and outdoor. The indoor application of architectural lighting illuminates the horizontal wall, vertical wall, surface corners, stairs, room curves, hallways, and large rooms. The outdoor application includes exterior fencing walls and stairs, and patio. The indoor segment has emerged as the highest revenue contributor owing to the usage of a higher number of lights in the interior space of the building. Additionally, the indoor spaces require various forms of lighting, such as façade lighting, uplight, retrofits, wall wash light, pendants, and chandeliers, to improve the ambiance, which has contributed to the growth of the indoor segment. Also, the integration of IoT into lights has provided an impetus to the burgeoning demand for indoor architectural lighting.
The outdoor segment is expected to witness a higher growth rate of over 12.7% during the forecast period. The growth is attributed to the demand for illuminating exterior walls of the buildings, parking areas in the IT parks, and residential gardens due to security concerns across the buildings. A well-lit surrounding of the building ensures safety as well as enhances the exterior architecture of the building, which is an essential factor driving the outdoor lighting segment. The Burj Khalifa (Dubai), Chrysler Building (New York), Taipei 101 (Taiwan), Empire State Building (New York), Eiffel Tower, (Paris), CHUNGHA BUILDING (Seoul, South Korea) are some of the buildings known for their impressive exterior architectural lighting.
On the basis of end-user, the market is segmented into residential and commercial. The commercial segment is anticipated to remain the highest revenue contributor over the forecast period and is likely to reach USD 9.6 billion by 2027. Increasing the use of lighting for enhanced interior and exterior architectural beauty of commercial buildings such as museums, airports, IT parks, hotels, spa and resort, and restaurants are driving the segment growth. Moreover, the cost-saving and low energy consumption feature of architectural LED lighting has driven the demand in commercial buildings.
The residential segment is expected to grow at a faster rate of 12.7% over the forecast period. The utilization of architectural lighting in residential buildings was initially witnessed across high-end luxury villas and flats. However, the rise in purchasing power parity (PPP) led to an improved standard of living, thereby positively impacting the growth of the residential segment. Furthermore, the declining price of LED fixtures has also led to a staggering trajectory across the residential sector and is expected to augment over the forecast period.
In Asia Pacific, the market was valued at USD 3.4 billion in 2019. The region is anticipated to hold the largest market share during the forecast period. The region has more than 40 countries, and most of them are identified by “The United Nations” as under-developing or developing nations. The infrastructure development in commercial buildings, public spaces, and high-end residential complexes in the developing nations of Asia is necessitating the need for innovative lighting solutions. This, in turn, is contributing to the increasing demand for installation of appealing interiors and exterior architectural lighting. Moreover, improving lifestyle, growth in disposable income, and availability of economically priced architectural lights are driving the market across India.
In Europe, the market is expected to witness a significant CAGR over the forecast period. The growth can be attributed to the growing adoption of energy-efficient lighting systems coupled with advanced control systems across Europe. The ever-increasing demand for architectural lighting with modern design and temperature control features for areas of application such as homes, restaurants, theaters, museums, hotels, shops, and malls, are expected to drive market growth over the forecast period. Furthermore, the presence of many well-known organizations who are contributing towards improved designs for architectural illumination including the Association des Concepteurs Lumière et Éclairagistes (ACE) in France, the Associazione Professionisti dell’ Illuminazione (APIL) in Italy, Schweizerische Licht Gesellschaft (SLG) in Switzerland, and the Hellenic Illumination Committee (HIC) in Greece has paved the way for market progress.
IDEAL INDUSTRIES INC.; Hubbell, Delta Light, GE Current, a Daintree company; Technical Consumer Products, Inc.; Siteco GmbH, Signify Holdings, Zumtobel Group AG, and GVA Lighting. These key players are anticipated to dominate the market owing to their capability to provide technology integrated lights offering unique designs.
Architectural Lighting Type Outlook
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
Architectural Lighting Application Area Outlook
Architectural Lighting End-user Outlook
Architectural Lighting Regional Outlook
- North America
- Asia Pacific
- Latin America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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