The lighting industry has developed a range of new technologies that leverage renewable resources. This is also a prominent trend that has driven sales across the global architectural lighting market.
The demand within the global architectural lighting market is set to increase at a stellar pace in the years to follow. The domain of architectural studies is not just concerned with space optimization and planning, and has also come to include other key areas such as indoor lighting, scalability, and aesthetics. This factor has played a crucial role in driving sales across the global architectural lighting market. Several architects and design firms lay value on the importance of proper lighting for enhancing the design, appeal, and aesthetics of spaces. Furthermore, there has been an increase in the use of low light technologies for giving a raw and cosy touch to indoor spaces. Several new lighting technologies are expected to spearhead the growth of the global architectural lighting market in the times to follow.
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In this syndicate review, the trend and dynamics pertaining to the growth of the global architectural lighting market have been enunciated. The dependency of the architecture domain on lighting technologies forms the basis of growth within the market. Focus on aesthetics and enhancement of spaces has also played an integral role in market expansion. Over recent years, use of architectural lighting has increased across residential, commercial, and industrial spaces. This is an important trend that could shape the growth graph of the market.
GE Lighting is a premium player that has driven innovation and growth across the global architectural lighting market. However, in a visible setback to the company’s standing, it recently sold its lighting business to Savant Systems. However, it would be interesting to witness the changes and innovative hacks that Savant Systems would bring to the table. The growth dynamics of the global architectural lighting market could also be impacted by this arrangement.
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The development of LED technologies has played a crucial role in driving sales across the global architectural lighting market. It is imperative for architectural planners to understand the benefits served by LEDs. The energy sector is emphasizing on the use of energy-efficient technologies that can help in reducing the use of electricity.
Key Players
Philips Lighting Holding B.V.
Feilo Sylvania
OSRAM GmbH
TCP International Holdings Ltd.
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Nov 08, 2022
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