The interior lighting market valued for $79.4 billion in 2022 and is estimated to reach $130.3 billion by 2032, exhibiting a CAGR of 5.1% from 2023 to 2032.
Interior lighting plays a crucial role in enhancing the aesthetics and functionality of a space. It encompasses various lighting fixtures, techniques, and designs used to illuminate the interiors of residential, commercial, and public buildings. It also serves to create ambiance, highlight architectural features, and contribute to the overall design scheme of a space. Interior lighting provides overall illumination to a room. It ensures that the space is adequately lit and serves as the foundation for other lighting layers.
The developments in construction and infrastructure have brought significant advancements in various aspects of building design, and one area that has witnessed significant improvements is interior lighting. Interior lighting plays a crucial role in enhancing the aesthetics, functionality, and ambiance of a space. Interior lighting solutions have evolved to Incorporate innovative technologies and design p Inciples to meet the demands of modern construction projects with the Increasing focus on creating sustainable and energy-efficient buildings whcih will expand the interior lighting market size.
LEDs have gained immense popularity due to their energy efficiency, long lifespan, and versatility. They consume significantly less energy compared to traditional Incandescent or fluorescent lighting, leading to reduced electricity costs and lower carbon emissions. LEDs also offer the advantage of being available in a wide range of color temperatures, allowing designers to create different moods and atmospheres in interior spaces.
In January 2023, Nichia Corporation and Infineon Technologies AG announced the launch of the industry's first fully integrated micro-LED (light engine) light engine for high-definition (HD) adaptive driving beam applications. The µPLS light engine uses Nichia's unique in-house LED chip, micro-LED technology, and an integrated LED driver IC from Infineon that can drive all 16,384 micro-LEDs individually using pulse-width modulation (PWM) control. Moreover, LED fixtures can be easily dimmed, providing flexibility in adjusting lighting levels based on specific needs or preferences. Thus, the Increase in demand for construction and infrastructure development is expected to boost interior lighting market growth during the forecast period.
However, high costs of interior lighting may hamper the interior lighting market share growth during the forecast period. On the contrary, one area that has seen significant advancements in smart home technology is interior lighting. The emergence of the Internet of Things (IoT) has led to Increasingly interconnected homes, allowing individuals to manage and automate various aspects of their daily routines. IoT-powered lighting systems offer numerous benefits in terms of convenience and energy efficiency. Through the use of smart bulbs, homeowners can control the lighting in their homes remotely using their smartphones or voice commands. This level of control allows for personalized lighting settings and the ability to adjust brightness and color temperature to create different moods and ambiance will have a positive impact on interior lighting market forecast.
In February 2023, Heliospectra introduced MITRA Flex, a revolutionary flexible far-red light for smart homes appliances. The new solutions provide customers with three spectra in one without sacrificing power, making it ideal for specialized home appliances, such as far-red light treatments at the end of the day to guarantee a healthy crop all year long, even during low light seasons.
Advanced lighting features, such as color-changing capabilities, are also made possible by IoT connection. Smart bulbs allow homeowners to select from a variety of colors and create dynamic lighting scenarios. This is majorly preferred for parties, events, or for creating a dis Inct mood in different spaces. The ability to alter color, brightness, and saturation expands interior design options, allowing homeowners to experiment with diverse lighting effects and create dis Inct atmospheres to fit their preferences. Thus, all these factors collectively are expected to offer remunerative opportunities for the growth of the global market.
The interior lighting market is segmented into type, product, lighting effect, end-use industry and region. On the basis of type, the market is divided into general lighting, ambient lighting, task lighting, mood lighting, and accent lighting. On the basis of product, the market is classified into decorative lamps, ceiling lights, pendant lights, chandeliers, wall lights, clamp lights, spots and spotlights, step lights, track lights, recessed and surface-mounted lights, and others. On the basis of lighting effect, the market is categorized into downlighting, uplighting, wall washing, wall grazing, spotlighting, perimeter lighting, and others. On the basis of end-use industry, the market is divided into residential, commercial, and others. Region-wise the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers profiles of key industry participants such as Jaquar Group., Wipro Lighting, Kichler lighting, Trilux GmbH and co. kg, Est Lights, WLS Lighting Systems, Inc., Lena Lighting S.A., Karice Lighting, Russell Lighting, and ERCO GmbH.
Interior lighting plays a crucial role in enhancing the aesthetics and functionality of a space. It encompasses various lighting fixtures, techniques, and designs used to illuminate the interiors of residential, commercial, and public buildings. It also serves to create ambiance, highlight architectural features, and contribute to the overall design scheme of a space. Interior lighting provides overall illumination to a room. It ensures that the space is adequately lit and serves as the foundation for other lighting layers.
The developments in construction and infrastructure have brought significant advancements in various aspects of building design, and one area that has witnessed significant improvements is interior lighting. Interior lighting plays a crucial role in enhancing the aesthetics, functionality, and ambiance of a space. Interior lighting solutions have evolved to Incorporate innovative technologies and design p Inciples to meet the demands of modern construction projects with the Increasing focus on creating sustainable and energy-efficient buildings whcih will expand the interior lighting market size.
LEDs have gained immense popularity due to their energy efficiency, long lifespan, and versatility. They consume significantly less energy compared to traditional Incandescent or fluorescent lighting, leading to reduced electricity costs and lower carbon emissions. LEDs also offer the advantage of being available in a wide range of color temperatures, allowing designers to create different moods and atmospheres in interior spaces.
In January 2023, Nichia Corporation and Infineon Technologies AG announced the launch of the industry's first fully integrated micro-LED (light engine) light engine for high-definition (HD) adaptive driving beam applications. The µPLS light engine uses Nichia's unique in-house LED chip, micro-LED technology, and an integrated LED driver IC from Infineon that can drive all 16,384 micro-LEDs individually using pulse-width modulation (PWM) control. Moreover, LED fixtures can be easily dimmed, providing flexibility in adjusting lighting levels based on specific needs or preferences. Thus, the Increase in demand for construction and infrastructure development is expected to boost interior lighting market growth during the forecast period.
However, high costs of interior lighting may hamper the interior lighting market share growth during the forecast period. On the contrary, one area that has seen significant advancements in smart home technology is interior lighting. The emergence of the Internet of Things (IoT) has led to Increasingly interconnected homes, allowing individuals to manage and automate various aspects of their daily routines. IoT-powered lighting systems offer numerous benefits in terms of convenience and energy efficiency. Through the use of smart bulbs, homeowners can control the lighting in their homes remotely using their smartphones or voice commands. This level of control allows for personalized lighting settings and the ability to adjust brightness and color temperature to create different moods and ambiance will have a positive impact on interior lighting market forecast.
In February 2023, Heliospectra introduced MITRA Flex, a revolutionary flexible far-red light for smart homes appliances. The new solutions provide customers with three spectra in one without sacrificing power, making it ideal for specialized home appliances, such as far-red light treatments at the end of the day to guarantee a healthy crop all year long, even during low light seasons.
Advanced lighting features, such as color-changing capabilities, are also made possible by IoT connection. Smart bulbs allow homeowners to select from a variety of colors and create dynamic lighting scenarios. This is majorly preferred for parties, events, or for creating a dis Inct mood in different spaces. The ability to alter color, brightness, and saturation expands interior design options, allowing homeowners to experiment with diverse lighting effects and create dis Inct atmospheres to fit their preferences. Thus, all these factors collectively are expected to offer remunerative opportunities for the growth of the global market.
The interior lighting market is segmented into type, product, lighting effect, end-use industry and region. On the basis of type, the market is divided into general lighting, ambient lighting, task lighting, mood lighting, and accent lighting. On the basis of product, the market is classified into decorative lamps, ceiling lights, pendant lights, chandeliers, wall lights, clamp lights, spots and spotlights, step lights, track lights, recessed and surface-mounted lights, and others. On the basis of lighting effect, the market is categorized into downlighting, uplighting, wall washing, wall grazing, spotlighting, perimeter lighting, and others. On the basis of end-use industry, the market is divided into residential, commercial, and others. Region-wise the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers profiles of key industry participants such as Jaquar Group., Wipro Lighting, Kichler lighting, Trilux GmbH and co. kg, Est Lights, WLS Lighting Systems, Inc., Lena Lighting S.A., Karice Lighting, Russell Lighting, and ERCO GmbH.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the interior lighting market analysis from 2022 to 2032 to identify the prevailing interior lighting market opportunities.
- The interior lighting market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the interior lighting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in interior lighting industry.
- The report Includes the analysis of the regional as well as global interior lighting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Lighting Effect
- Downlighting
- Uplighting
- Wall Washing
- Wall Grazing
- Spotlighting
- Perimeter Lighting
- Others
By End Use
- Residential
- Commercial
- Type
- Hospitality and Retail
- Healthcare
- Offices and Enterprise
- Others
By Type
- General Lighting
- Ambient Lighting
- Task Lighting
- Mood Lighting
- Accent Lighting
By Product
- Decorative Lamps
- Type
- Floor Lamps
- Desk Lamps
- Table Lamps
- Ceiling Lights
- Pendant Lights
- Chandeliers
- Wall Lights
- Clamp Lights
- Spots and Spotlights
- Step Lights
- Track Lights
- Recessed and Surface-Mounted Lights
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- ERCO GmbH
- Est Lights
- Jaquar Group.
- Karice Lighting
- Kichler Lighting, LLC
- Lena Lighting S.A.
- Russell Lighting
- Trilux Gmbh
- Wipro Lighting
- WLS Lighting Systems, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INTERIOR LIGHTING MARKET, BY TYPE
CHAPTER 5: INTERIOR LIGHTING MARKET, BY PRODUCT
CHAPTER 6: INTERIOR LIGHTING MARKET, BY LIGHTING EFFECT
CHAPTER 7: INTERIOR LIGHTING MARKET, BY END USE
CHAPTER 8: INTERIOR LIGHTING MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Interior Lighting Market,' The interior lighting market was valued at $79.5 billion in 2022, and is estimated to reach $130.3 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.Interior lighting plays a pivotal role in enhancing the aesthetics, functionality, and ambiance of indoor spaces. Lighting design encompasses different techniques and fixtures including the soft glow of a bedside lamp to the vibrant illumination of a grand chandelier. Lighting fulfills various practical requirements in interior design. The primary purpose of lighting is to provide adequate illumination in a space and proper lighting design which ensures that each area is appropriately illuminated for its intended purpose. Adequate illumination ensures visibility, safety, and efficiency in daily activities, while well-designed lighting schemes create specific moods, highlight architectural features, and influence occupants' psychological well-being. Interior designers can manipulate space, shape perception, and evoke desired atmospheres by harnessing the power of light.
Interior lighting plays a crucial role in enhancing the functionality, aesthetics, and ambiance of any space, be it residential, commercial, or public buildings. The demand for innovative and efficient interior lighting solutions has increased significantly owing to the developments in construction and infrastructure development around the world, the demand for innovative and efficient interior lighting solutions has increased significantly. Interior lighting serves multiple purposes, making it an indispensable element in any construction project. First and foremost, it ensures proper visibility and functionality in indoor spaces. Adequate lighting levels are essential for performing daily tasks, whether it is reading, cooking, or working in an office environment. Insufficient lighting can lead to eye strain, reduced productivity, and overall discomfort.
Ambient lighting provides overall illumination to a space. It can be achieved through ceiling-mounted fixtures, such as chandeliers, flush mounts, or recessed lights. Ambient lighting ensures a uniform spread of light throughout the room. In March 2022, Koninklijke Philips NV rolled out an ambient experience and flexvision display with the Azurion system. The ambient experience with the flexvision display can reduce patient anxiety during interventional treatments, improve patient-staff expertise, and enhance workflows and productivity.
Accent lighting is used to highlight architectural elements, artwork, or other points of interest in a room. It can be achieved through track lighting, wall-mounted fixtures, or recessed spotlights. Accent lighting adds depth and visual interest to a space, creating a dramatic effect. Different areas within a space may require varying lighting levels. For instance, task areas demand higher illumination than relaxation areas.
Furthermore, the developments in construction and infrastructure have brought significant advancements in various aspects of building design, and one area that has witnessed significant improvements is interior lighting. Interior lighting plays a crucial role in enhancing the aesthetics, functionality, and ambiance of a space. Interior lighting solutions have evolved to incorporate innovative technologies and design principles to meet the demands of modern construction projects with the increasing focus on creating sustainable and energy-efficient buildings.
LEDs have gained immense popularity due to their energy efficiency, long lifespan, and versatility. They consume significantly less energy compared to traditional incandescent or fluorescent lighting, leading to reduced electricity costs and lower carbon emissions. LEDs also offer the advantage of being available in a wide range of color temperatures, allowing designers to create different moods and atmospheres in interior spaces.
In January 2023, Nichia Corporation and Infineon Technologies AG announced the launch of the industry's first fully integrated micro-LED (light engine) light engine for high-definition (HD) adaptive driving beam applications. The µPLS light engine uses Nichia's unique in-house LED chip, micro-LED technology, and an integrated LED driver IC from Infineon that can drive all 16,384 micro-LEDs individually using pulse-width modulation (PWM) control. Moreover, LED fixtures can be easily dimmed, providing flexibility in adjusting lighting levels based on specific needs or preferences. Thus, the increase in demand for construction and infrastructure development is expected to boost the growth of the interior lighting market during the forecast period.
However, the initial investment in smart lighting may be higher due to the cost of the required components and installation, the benefits can outweigh the expense. Smart lighting systems offer features like dimming capabilities, color changing options, and scheduling functionalities, which can enhance the ambiance and convenience of interior spaces. However, it is important to consider the long-term benefits and potential cost savings that these lighting solutions can provide. These systems can be integrated with other smart home devices, promoting energy efficiency and customization.
On the contrary, retrofitting and renovation projects specific to interior lighting are gaining popularity as people seek to improve the functionality and energy efficiency of their buildings. Retrofitting involves adding new technology, building systems, or equipment to the original building or structure to improve its functionality. Renovations tend to be focused on the aesthetics and appearance of the building, adding value to the structure or building.
One of the most common retrofit projects for commercial buildings is making a building efficient through updated heating elements, improved windows, or new insulation. Rooftop retrofits for commercial buildings may improve the life expectancy of a structure's roof and offer lower maintenance costs over time. Retrofitting can also involve upgrading lighting systems to LED lighting, which can save energy and reduce maintenance costs.
A lighting retrofit is a simple upgrade to lamps and light fixtures in a building. It can involve replacing old, inefficient lighting with new, energy-efficient LED lighting, which can save up to 90% on energy costs. LED retrofitting can also improve the quality of light in a building, making it brighter and comfortable for occupants. The U.S. Department of Energy Headquarters recently implemented a lighting upgrade project through an energy savings performance contract (ESPC). The nearly 1.7 million square foot building underwent a lighting retrofit to improve energy efficiency and reduce maintenance costs. As a result, retrofitting and renovation projects are expected to provide sufficient development prospects for the interior lighting market in the future years.
The interior lighting is segmented into type, product, lighting effect, end-use industry and regions. On the basis of type, the market is divided into general lighting, ambient lighting, task lighting, mood lighting, and accent lighting. On the basis of product, the market is classified into decorative lamps, ceiling lights, pendant lights, chandeliers, wall lights, clamp lights, spots and spotlights, step lights, track lights, recessed and surface-mounted lights, and others. On the basis of lighting effect, the market is categorized into downlighting, uplighting, wall washing, wall grazing, spotlighting, perimeter lighting, and others. On the basis of end-use industry, the market is divided into residential, commercial, and others. Region-wise the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the interior lighting market include Jaquar Group., Wipro Lighting, Kichler lighting, Trilux GmbH and co. kg, Est Lights, WLS Lighting Systems, Inc., Lena Lighting S.A., Karice Lighting, Russell Lighting, and ERCO GmbH.
Key Market Insights:
- By type, the ambient lighting segment was the highest revenue contributor to the market, with more than 31% of the market share in 2022.
- By product type, the ceiling lights segment was the highest revenue contributor to the market, with more than one-fifth of the global market share in 2022
- By lighting effect, the downlighting segment was the highest revenue contributor to the market, and is estimated to grow with a significant CAGR 5.1% during the forecast period.
- By end-use industry, the residential segment was the highest revenue contributor to the market, and is estimated to grow with a significant CAGR 5.0% during the forecast period.
- Region wise, Asia-Pacific was the highest revenue contributor to the market, with more than one-third of the global market share in 2022.
Companies Mentioned
- ERCO GmbH
- Est Lights
- Jaquar Group.
- Karice Lighting
- Kichler Lighting, LLC
- Lena Lighting S.A.
- Russell Lighting
- Trilux Gmbh
- Wipro Lighting
- WLS Lighting Systems, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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