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

– 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.

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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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