The North America Interior Lighting Market should witness market growth of 4.5% CAGR during the forecast period (2023-2030).
Interior lighting's adaptability enables it to be used in various contexts, addressing various needs and design goals. In residential areas, lighting can make living rooms cozy and welcoming, as well as the bathrooms and kitchens functional and well-lit. Through dimmers & control systems, residents can customize the lighting to suit various activities or moods, improving their overall quality of life.
Strategic lighting design has a big impact on commercial settings. Lighting is used in retail spaces to display goods, establish a visual hierarchy, and direct shoppers. Softer lighting in the changing rooms helps to create a relaxing ambiance, while bright, well-lit areas highlight the merchandise. Offices need task lighting to ensure efficiency and prevent eye fatigue; frequently, a combination of artificial and natural light sources is used. Employee focus, productivity, and wellbeing can all be improved by dynamic lighting systems that replicate natural daylight.
The most recent report estimates that LED adoption will result in annual U.S. energy savings of 1.3 quadrillion Btu (quads) in 2018, which is approximately consumer cost savings of $14.7 billion and about 5% of total electrical consumption from buildings in 2018. From 2016 to 2018, LED product installations grew across all applications, doubling to 2.32 billion units, or 30.0% of all general illumination lighting.
The United States is the principal destination for Mexican visitors. In 2021, 10.4 million Mexicans traveled to the United States, comprising 47 percent of all foreign visitors. In turn, the number of hotels and restaurants would increase. This is accelerating the expansion of construction activities in the region. As the number of construction projects in the country rises, so does the demand for indoor fixtures such as lighting, thereby contributing to the expansion of the market.
The US market dominated the North America Interior Lighting Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,680.1 million by 2030. The Canada market would register a CAGR of 6.9% during (2023-2030). Additionally, The Mexico market is showcasing a CAGR of 6% during (2023-2030).
Based on Lighting Effect, the market is segmented into Downlighting, Perimeter Lighting, Wall Grazing & Wall Lighting, Uplighting, and Spotlighting & Others. Based on Product, the market is segmented into Ceiling Lights, Chandeliers, Pendant Lights, Recessed & Surface-Mounted Lights, Wall Lights, Decorative Lamps, Clamp Lights, Track Lights, Spots & Spotlights, and Others. Based on Type, the market is segmented into Ambient Lighting, Accent Lighting, Task Lighting, General Lighting, and Mood Lighting. Based on End-use, the market is segmented into Commercial, Residential, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lena Lighting S.A., Karice Lighting, Jaquar Group, WLS Lighting Systems, Inc, Wipro Lighting (Wipro Enterprises Private Limited), Trilux Gmbh, EST Lights, ERCO GmbH, Russell Lighting, and Kichler Lighting LLC (Masco Corporation).
Interior lighting's adaptability enables it to be used in various contexts, addressing various needs and design goals. In residential areas, lighting can make living rooms cozy and welcoming, as well as the bathrooms and kitchens functional and well-lit. Through dimmers & control systems, residents can customize the lighting to suit various activities or moods, improving their overall quality of life.
Strategic lighting design has a big impact on commercial settings. Lighting is used in retail spaces to display goods, establish a visual hierarchy, and direct shoppers. Softer lighting in the changing rooms helps to create a relaxing ambiance, while bright, well-lit areas highlight the merchandise. Offices need task lighting to ensure efficiency and prevent eye fatigue; frequently, a combination of artificial and natural light sources is used. Employee focus, productivity, and wellbeing can all be improved by dynamic lighting systems that replicate natural daylight.
The most recent report estimates that LED adoption will result in annual U.S. energy savings of 1.3 quadrillion Btu (quads) in 2018, which is approximately consumer cost savings of $14.7 billion and about 5% of total electrical consumption from buildings in 2018. From 2016 to 2018, LED product installations grew across all applications, doubling to 2.32 billion units, or 30.0% of all general illumination lighting.
The United States is the principal destination for Mexican visitors. In 2021, 10.4 million Mexicans traveled to the United States, comprising 47 percent of all foreign visitors. In turn, the number of hotels and restaurants would increase. This is accelerating the expansion of construction activities in the region. As the number of construction projects in the country rises, so does the demand for indoor fixtures such as lighting, thereby contributing to the expansion of the market.
The US market dominated the North America Interior Lighting Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,680.1 million by 2030. The Canada market would register a CAGR of 6.9% during (2023-2030). Additionally, The Mexico market is showcasing a CAGR of 6% during (2023-2030).
Based on Lighting Effect, the market is segmented into Downlighting, Perimeter Lighting, Wall Grazing & Wall Lighting, Uplighting, and Spotlighting & Others. Based on Product, the market is segmented into Ceiling Lights, Chandeliers, Pendant Lights, Recessed & Surface-Mounted Lights, Wall Lights, Decorative Lamps, Clamp Lights, Track Lights, Spots & Spotlights, and Others. Based on Type, the market is segmented into Ambient Lighting, Accent Lighting, Task Lighting, General Lighting, and Mood Lighting. Based on End-use, the market is segmented into Commercial, Residential, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lena Lighting S.A., Karice Lighting, Jaquar Group, WLS Lighting Systems, Inc, Wipro Lighting (Wipro Enterprises Private Limited), Trilux Gmbh, EST Lights, ERCO GmbH, Russell Lighting, and Kichler Lighting LLC (Masco Corporation).
Scope of the Study
By Lighting Effect
- Downlighting
- Perimeter Lighting
- Wall Grazing & Wall Lighting
- Uplighting
- Spotlighting & Others
By Product
- Ceiling Lights
- Chandeliers
- Pendant Lights
- Recessed & Surface-Mounted Lights
- Wall Lights
- Decorative Lamps
- Clamp Lights
- Track Lights
- Spots & Spotlights
- Others
By Type
- Ambient Lighting
- Accent Lighting
- Task Lighting
- General Lighting
- Mood Lighting
By End-use
- Commercial
- Residential
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Lena Lighting S.A.
- Karice Lighting
- Jaquar Group
- WLS Lighting Systems, Inc
- Wipro Lighting (Wipro Enterprises Private Limited)
- Trilux Gmbh
- EST Lights
- ERCO GmbH
- Russell Lighting
- Kichler Lighting LLC (Masco Corporation)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. North America Interior Lighting Market by Lighting Effect
Chapter 6. North America Interior Lighting Market by Product
Chapter 7. North America Interior Lighting Market by Type
Chapter 8. North America Interior Lighting Market by End Use
Chapter 9. North America Interior Lighting Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Lena Lighting S.A.
- Karice Lighting
- Jaquar Group
- WLS Lighting Systems, Inc
- Wipro Lighting (Wipro Enterprises Private Limited)
- Trilux Gmbh
- EST Lights
- ERCO GmbH
- Russell Lighting
- Kichler Lighting LLC (Masco Corporation)
Methodology
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