Safety is a primary concern in architectural spaces, and it is quite important to acknowledge the need for adequate architectural lighting.
It is crucial to recognise the necessity for adequate architectural lighting because safety is a top priority in architectural environments. An experience for those occupying the architectural space is greatly influenced by appropriate architectural lighting. Architectural lighting draws the eye to the shape of the space, allowing the architecture to fulfil its true function. On the basis of acknowledged international and national standards, businesses provide architectural lighting solutions.
Manufacturers now supply intelligent architectural lighting solutions that use sensors to detect people and automatically adjust the lighting intensity to the appropriate levels to deliver safe and effective on-demand lighting. These architectural lighting systems incorporate long-life LEDs that significantly lower maintenance costs and energy waste. The three main factors that keep a proper balance between architecture and architectural lighting are appearance, purpose, and effectiveness.
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Architectural Lighting Market: Drivers & Challenges
Reduction in overall energy expenditure is one of the primary factors driving the global architectural lighting market. Energy consumption is lowered significantly by integrating smart LED-based architectural lighting. Using architectural lighting as a service (LaaS) or circular architectural lighting, industries can cut back on their capital expenditure. Architectural lighting enables planned maintenance and outages, which helps reduce downtime and disruption. Without changing the lighting fixtures, easier re-zoning and architectural future-proofing is made possible by architectural lighting.
Companies offer architectural lighting solutions and services that comply with international and national safety standards, and energy and environmental regulations. Architectural lighting ensures a well-lit space that creates a safe environment and boosts the occupant’s morale. High quality LED-based architectural lighting features a low carbon footprint and minimizes the adverse impact on the environment. Such factors are expected to propel the global architectural lighting market to greater heights.
Though manufacturers offer their architectural lighting solutions integrated with optimal specifications, stringent and time-consuming safety and energy saving standards do not allow the proper balancing of the demand and supply. This factor is expected to challenge the growth of the global architectural lighting market. Also, the installation and customization services offered by architectural lighting solution manufacturers can be very expensive, and this factor is estimated to hinder the growth of the global architectural lighting market.
Architectural Lighting Market: Regional Outlook
Among all the regions, Asia Pacific economies such as India and China are expected to register the highest growth in the architectural lighting market. Currently, North America, especially the United States, leads the global architectural lighting market, owing to the increased power saving measures implemented by the governments and manufacturers in the region. Europe is expected to register the second-highest growth rate in the architectural lighting market.
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Architectural Lighting Market: Key Players
Some of the key players in the global architectural lighting market are General Electric Company; Philips Lighting Holding B.V.; OSRAM GmbH; Feilo Sylvania; TCP International Holdings Ltd.; SeaGull Lighting; Orion Energy Systems Inc.; Acuity Brands Lighting, Inc.; W.W. Grainger, Inc.; and Cree, Inc., among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Regional analysis includes:
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Architectural Lighting Market: Segmentation
The architectural lighting market can be segmented on the basis of lighting type, service, component, type, function, and region.
On the basis of lighting type, the global architectural lighting market can be segmented into the following:
On the basis of service, the global architectural lighting market can be segmented into the following:
On the basis of component, the global architectural lighting market can be segmented into the following:
On the basis of type, the global architectural lighting market can be segmented into the following:
On the basis of function, the global architectural lighting market can be segmented into the following:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Dec 18, 2022
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