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Ambient Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 120 Pages
  • January 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 4775023
UP TO OFF until Sep 30th 2022
The ambient lighting market was valued at USD 69.39 billion in 2020, and it is expected to reach USD 104.87 billion by 2026, recording a CAGR of 10.60%, during the forecast period (2021 - 2026). The growing trend of the rising demand for comfortable and innovative lighting solutions and the need for energy-efficient solutions may create a market opportunity for the ambient lighting market.
  • Additionally, the ongoing technological evolutions, such as smart lighting systems in commercial or residential buildings, and increasing infrastructural projects worldwide, coupled with consumer preferences for better interior lighting designing, are favoring the growth of the market.
  • Moreover, the rising concerns over global climate change have led to the implementation of various rules and regulations pertaining to energy efficiency. Increasing inefficiency of incandescent bulbs, owing to excess heat generation, is making these solutions a more preferred option, thus aiding the ambient lighting market growth.
  • However, the replacement of traditional systems with ambient light leads to high replacement costs and it is one of the hindering factors for the growth of the market during the forecast period.

Key Market Trends

Light Emitting Diode (LED) Lamps and Luminaries Offer Potential Growth
  • LED lighting systems use up to 50% less energy to generate an equivalent light intensity emitted by compact fluorescent lamps (CFL) and cold cathode fluorescent lamps (CCFL). This reduced energy consumption directly converts into a reduction of over 700 million metric ton of carbon dioxide emissions, annually. Thus, it is expected that LEDs are estimated to completely replace CFLs and CCFLs during the forecast period. This trend is expected to drive the ambient lighting market in the near future.
  • Moreover, LEDs are UV radiation-free and neutral, which make it more suitable for indoor lighting. Additionally, they are suitable for photoreactive sickness people. The rays emitted from the LED are safe.
  • Additionally, the LED lighting market is mainly driven by advantageous features offered by LED lights, such as increased energy efficiency, longer lifetime, enhanced physical strength, smaller size, design flexibility, and environmental friendliness.
  • All the aforementioned factors are expected to accelerate the LED lighting market, which in turn, may create a market for ambient lighting market during the forecast period.

Asia- Pacific to Witness the Fastest Growth
  • The Asia-Pacific region is witnessing the fastest growth, due to rampant infrastructure-building activities in the emerging economies, such as China and India.
  • Additionally, the various governments in the region are also focusing on implementing stringent regulations and legislation pertaining to energy efficiency. Thus, this is further supporting the growth of the ambient lighting market in this region. For instance, initiatives from the Indian government, such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS), have already been implemented for rural and urban areas, respectively.
  • Along with that India is expected to become the world's first country to use LEDs for all lighting needs by 2019, thereby saving INR 40,000 crore (USD 6.23 billion) on an annual basis. Such a huge implementation will be aiding the growth of the ambient lighting market.
  • Moreover, these lights are used in automotive lighting systems as well. India, China, Japan, and South Korea are some of the major countries, which hold the majority of the vehicle production, thus, offering growth opportunity for the automotive lighting market.

Competitive Landscape

The ambient lighting market is highly competitive and fragmented. Some of the players in the ambient lighting market include Samsung, Cree Inc., Royal Philips, Osram Light AG, Acuity Brands Inc., The Zumtobel Group, GE Lighting, Advanced Lighting Technologies Inc., and Nualight Limited. The rising competition among major players to offer advanced technology-based solutions in the ambient lighting market is making them invest increasingly in R&D.
  • October 2018 - CK Holdings Co. Ltd completed the acquisition of Magneti Marelli SpA from Fiat Chrysler Automobiles. The combined business has been operating under the entity “Magneti Marelli CK Holdings Co. Ltd.” The completion of the transaction was a key milestone in creating a leading global independent automotive supplier.
  • Feb 2018 - Acuity Brands Inc. acquired Lucid Design Group Inc., a California-based provider of building analytics. Lucid Technology enabled the company to extend the power of digital, building management, networked lighting, and IoT solutions.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Need for Energy-efficient Lighting Solutions
4.3.2 Increasing Adoption of Smart Lighting
4.3.3 Modernization of Infrastructure
4.4 Market Restraints
4.4.1 High Costs Involved in Replacing Traditional Lighting with Ambient Lighting
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5.1 By Offerings
5.1.1 Lamps and Luminaires Incandescent Lamps Halogen Lamps Fluorescent Lamps Light Emitting Diode (LED)
5.1.2 Lighting Controls
5.2 By Type
5.2.1 Surface-mounted Light
5.2.2 Track Light
5.2.3 Strip Light
5.2.4 Suspended Light
5.2.5 Recessed Light
5.2.6 Other Types
5.3 By End User
5.3.1 Residential
5.3.2 Automotive
5.3.3 Hospitality and Retail
5.3.4 Healthcare
5.3.5 Other End Users ( Industrial)
5.4 Geography
5.4.1 North America United States Canada
5.4.2 Europe United Kingdom Germany France Rest of Europe
5.4.3 Asia-Pacific China Japan India Rest of Asia-Pacific
5.4.4 Rest of the World Latin America Middle-East & Africa
6.1 Company Profiles
6.1.1 GE Lighting
6.1.2 Samsung Electronics Co. Ltd
6.1.3 Koninklijke Philips NV
6.1.4 OSRAM Licht AG
6.1.5 The Zumtobel Group
6.1.6 Wipro Consumer Care & Lighting Ltd
6.1.7 Hafele America Co.
6.1.8 Acuity Brands Inc.
6.1.9 Cree Inc.
6.1.10 Bridgelux Inc.
6.1.11 Hubbell Incorporated
6.1.12 Eaton Corporation Inc.
6.1.13 Decon Lighting Pvt Ltd
6.1.14 Louis Poulsen
6.1.15 Nulite Lighting
6.1.16 SPI Lighting
6.1.17 v2 Lighting Group
6.1.18 Amerlux

Companies Mentioned

A selection of companies mentioned in this report includes:

  • GE Lighting
  • Samsung Electronics Co. Ltd
  • Koninklijke Philips NV
  • OSRAM Licht AG
  • The Zumtobel Group
  • Wipro Consumer Care & Lighting Ltd
  • Hafele America Co.
  • Acuity Brands Inc.
  • Cree Inc.
  • Bridgelux Inc.
  • Hubbell Incorporated
  • Eaton Corporation Inc.
  • Decon Lighting Pvt Ltd
  • Louis Poulsen
  • Nulite Lighting
  • SPI Lighting
  • v2 Lighting Group
  • Amerlux