Ambient Lighting Market Analysis 2020, By Type (Down, Surface Mounted, Suspended, Track), By Component (Hardware, Software, Services),..

 

The latest addition of the ambient lighting products to the lighting industry has intensified the demand owing to its efficiency in terms of energy. Market Research Future (MRFR) has asserted in its recently published report that the global ambient lighting market will expand saliently at 11% CAGR and will be valued at USD 94 Billion by the end of 2023.

The widening range of application base for the accelerated adoption of ambient lighting has fueled the growth of the market. The bullish trend observed in automotive and infrastructure industries has accelerated the proliferation of the ambient lighting market globally. The incessant endeavors of the ambient lighting industry leaders directed towards innovation and technological advancements have catalyzed the demand generation of ambient lights. The factors responsible for the rising demand in the ambient lighting market are energy savings, reliable performance, easy installation, low-cost maintenance, best quality brightness, attractive light, precise illumination, greater efficiency, and reduced glare among others.

Market Segmentation:

·         By type: Down lighting, surface mounted lighting, suspended lighting, track lighting, and others.

·         By components: Hardware, software, and, services.

·         By applications: Residential, and, commercial. The residential segment is further sub-segmented into automotive, hospitals, and, offices. 

Competitive Dashboard:

The key players consolidated in the competitive landscape of ambient lighting market have been profiled by MRFR in its report which include General Electric Company (U.S.), Unity Technologies SF (U.S.), Acuity Brands Lighting Inc. (U.S.), Pasolite (India), Thorn Lighting (U.K) OSRAM Licht GmBH (Germany), Philips Lighting Holding B.V. (Netherlands), Enterprise Lighting LTD (U.S.), Cree, Inc. (U.S.), Häfele GmbH & Co KG (Germany), and LIGMAN Lighting Co., Ltd. (Thailand) among others. The top-notch players strive to gain prominence in the market by strategizing growth trajectories such as acquisitions & mergers, LIGMAN Lighting Co., Ltd. (Thailand), expansion of product portfolio, product innovation, collaborations, etc.

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Regional Analysis:

By region, the ambient lighting market has been segmented into North America, Europe, Asia Pacific, and, Rest of the World. The North America market is leading globally with the highest amount of revenue being generated from the region. It will exercise its dominance over the global market throughout the assessment period. Europe market will thrive at a rapid pace over the next couple of years owing to increased demand from the residential construction sector, industrial sector, etc.

Asia Pacific market will exhibit tremendous potential for the growth and expansion of the market. It will show a steep rise in the amount of revenue creation during the projection period. The booming automotive and infrastructure industries in emerging economies such as India, China, and, Japan will proliferate the revenue creation in the region. Furthermore, increasing disposable income, rising standards of living, the growing population of upper-middle-class families will propel the expansion of the ambient lighting market. The Rest of the World will account for the least share and demonstrate a steady upward swing during the assessment period.

TABLE OF CONTENTS:

1.      MARKET INTRODUCTION

2.      RESEARCH METHODOLOGY

3.      MARKET DYNAMICS

4.      EXECUTIVE SUMMARY

5.      MARKET FACTOR ANALYSIS

6.      LINEAR MOTORS MARKET, BY SEGMENTS

7.      COMPETITIVE ANALYSIS

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