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Global Architectural Lighting Market to Claim 5.1% Growth Rate by 2022-28

Architectural lighting design is a field within architecture, interior design and electrical engineering that is concerned with the design of lighting systems, including natural light, electric light, or both, to serve human needs.

Due to the COVID-19 pandemic, the global Architectural Lighting market size is estimated to be worth US$ 9 million in 2022 and is forecast to a readjusted size of US$ 12 million by 2028 with a CAGR of 5.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Traditional Lighting accounting for % of the Architectural Lighting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential segment is altered to an % CAGR throughout this forecast period.

With the presence of several international and regional vendors, this market appears to be diversified. The regional vendors are finding it difficult to compete with the international vendors especially in terms of quality, technology, and price. The market is competitive and vendors are focusing on entering into strategic partnerships to gain and improve their market shares. The competitive environment in this market is further expected to intensify with an increase in product and service extensions, technological innovations, and M&A.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Traditional Lighting
  • LED Lighting

Segment by Application

  • Residential
  • Commercial
  • Industrial

By Company

  • Cree Lighting
  • Osram
  • Philips Lighting
  • Samsung Led
  • Seoul Semiconductor
  • Ge Lighting
  • Griven
  • Cls Led
  • Oms
  • Orlight

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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