Market Overview:
The global building lighting market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED lights. The global building lighting market is segmented by type, application, and region. By type, the market is divided into recessed lights, surface-mounted lights, and others. Recessed lights are expected to dominate the global building lighting market due to their low power consumption and high efficiency. By application, commercial buildings are expected to account for a major share of the global building lighting market due to their growing popularity among businesses worldwide.
Product Definition:
Building Lighting is a type of artificial lighting that is used in buildings. It can be used to light up indoor spaces or to accentuate features outside the building. Building Lighting can be used for a variety of purposes, including safety, security, and aesthetics.
Recessed Lights:
Recessed lights, also known as cavity or plumbed lights, are intended for general illumination and are generally found in the ceiling. Recessed lighting fixtures can be of various types such as linear fluorescent light, high-intensity discharge (HID) light bar, downlight with LED driver or compact fluorescent lamp (CFL), among others. The recessed lighting market is driven by factors such as increasing demand for energy-efficient solutions and growing focus on aesthetic appeal of building interiors.
Surface-Mounted Lights:
Surface-mounted lights are widely used in commercial and industrial buildings for illumination purposes. They are also used as accent lighting in various areas of a building such as offices, retail stores, garages, etc. The surface-mounted light is an electrical light that has its source of power mounted on the ceiling or wall surface. It can be switched on/off remotely using a remote control device or it can be operated manually using a switch located at the end of the cord.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. Increasing construction activities across the globe are expected to drive demand for various products including LED, HID, fluorescent and others that can be used in various applications such as signage, display panels or logos, advertising boards, wall painting or murals at commercial buildings.
Surging adoption of LED building lighting products owing to their energy-efficient nature coupled with attractive aesthetics is anticipated to propel growth over the forecast period particularly in Europe and North America regions where municipal governments have made efforts towards adopting energy-efficient lighting solutions while promoting green initiatives among residents and businesses alike.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in commercial and industrial sectors, especially in developing countries such as China, India, Japan, South Korea & Indonesia. Increasing number of construction activities due to growing population has led to an increase in demand for building lighting products. Moreover, increasing adoption of LED lights owing to their energy-efficient nature is projected to further drive the regional market growth over the forecast period.
The Asia Pacific region consists of emerging economies with high potential for economic development such as China & India along with other Southeast Asian countries that are currently experiencing strong economic growth mainly driven by domestic consumption along with investments from foreign players/entities.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Proliferation of smart buildings and the Internet of Things (IoT)
- Growing demand from commercial and industrial sectors
- Emergence of new applications for building lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Lighting Market Research Report
By Type
Recessed Lights, Surface-Mounted Lights, Others
By Application
Commercial, Office, Others
By Companies
Signify N.V., GE, Acuity Brands, Hubbell Lighting, OSRAM Licht AG, Hafele, Helvar, Wipro Enterprises, Zumtobel Group AG, Dialight PLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Building Lighting Market Report Segments:
The global Building Lighting market is segmented on the basis of:
Types
Recessed Lights, Surface-Mounted Lights, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Office, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Signify N.V.
- GE
- Acuity Brands
- Hubbell Lighting
- OSRAM Licht AG
- Hafele
- Helvar
- Wipro Enterprises
- Zumtobel Group AG
- Dialight PLC
Highlights of The Building Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Recessed Lights
- Surface-Mounted Lights
- Others
- By Application:
- Commercial
- Office
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Building lighting is the use of artificial light to illuminate a building or space. It can be used for general illumination, task lighting, and safety purposes.
Some of the key players operating in the building lighting market are Signify N.V., GE, Acuity Brands, Hubbell Lighting, OSRAM Licht AG, Hafele, Helvar, Wipro Enterprises, Zumtobel Group AG, Dialight PLC.
The building lighting market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Lighting Market Size & Forecast, 2020-2028
4.5.1 Building Lighting Market Size and Y-o-Y Growth
4.5.2 Building Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Recessed Lights
5.2.2 Surface-Mounted Lights
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Office
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Building Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Building Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Recessed Lights
9.6.2 Surface-Mounted Lights
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Office
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Recessed Lights
10.6.2 Surface-Mounted Lights
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Office
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Recessed Lights
11.6.2 Surface-Mounted Lights
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Office
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Recessed Lights
12.6.2 Surface-Mounted Lights
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Office
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Recessed Lights
13.6.2 Surface-Mounted Lights
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Office
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Building Lighting Market: Competitive Dashboard
14.2 Global Building Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify N.V.
14.3.2 GE
14.3.3 Acuity Brands
14.3.4 Hubbell Lighting
14.3.5 OSRAM Licht AG
14.3.6 Hafele
14.3.7 Helvar
14.3.8 Wipro Enterprises
14.3.9 Zumtobel Group AG
14.3.10 Dialight PLC
