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Ambiance Lighting Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI2327

Ambiance Lighting Market size is projected to expand at a commendable rate from 2021 to 2027, given the growing need to ensure comfortable illumination levels without glares for comfort, wellness, and safety across the commercial spaces. Likewise, the strong focus on installation of outdoor landscape lights for home security will further amplify the deployment of ambiance outdoor lighting solutions during the forecast timeline. Ambiance lighting refers to a form of lighting used for general illumination and is crucial for setting the mood in the room. This lighting is typically soft or diffused and can be dimmable to allow users to enhance the natural feel of any room and ensure more ease in daily living.
 

High emphasis on the replacement of traditional lighting technology with energy-efficient options and the considerable increase in homebuilding activities will foster ambiance lighting market trends through 2027. The emergence of LED light as an eco-friendly and cost-effective lighting system will positively influence the adoption of ambiance lighting systems worldwide. For example, Signify unveiled a Philips HexaStyle LED downlight in India in 2021, designed to offer ambient and functional lighting. In addition, the escalating need for smart lights with increased reliability to set the perfect ambiance for stable, smart home experiences is also expected to contribute to the overall industry growth in the coming years.
 

Considering application, the hospitality sector is poised to account for a major share in the ambiance lighting market by 2027. This is a result of the growing awareness about the effects of well-designed and visually appealing lighting on elevating the ambiance and increasing footfall in hotels. The rising consumption of downlights and ceiling mount luminaires as preferred lighting choices for hotel reception areas and restaurants will further push the recessed ambiance lighting system demand during the forecast timeframe.
 

The Europe ambiance lighting market will exhibit a strong growth rate through 2027, driven by the significant recovery in vehicle sales in the region. According to estimates from the European Automobile Manufacturers’ Association, car sales in the EU are likely to surge by nearly 10% in 2021 as compared to a year earlier. Such factors could generate opportunities for regional industry expansion, given the use of ambiance lighting in car interiors to ensure a soothing driving experience. Additionally, the high investment interest towards infrastructural development projects in an attempt to offset the economic downturn induced by the coronavirus pandemic will asset a positive fuel on the regional growth.
 

Some of the prominent players in the global industry include Hafele, Thorn Lighting (Zumtobel Group), Eaton Corporation, Wolfspeed (formerly Cree), Hubbell Lighting, GE, Wipro, Acuity Brands, Philips, and Osram (ams). These companies are focusing on several initiatives such as new product launches, business expansions, and partnerships to strengthen their footprint across the competitive market. For instance, in December 2020, Osram Opto Semiconductors launched its Ostune family of packaged ambiance LED lights with innovative features such as 90-CRI, designed to allow car owners to light specific areas in the automotive interior for optimum functionality.
 

Impact of COVID-19 on Ambiance Lighting Market Trends:

The outbreak of coronavirus has posed devastating impacts on businesses and industrial establishments across the globe. Construction is among the industries that faced the massive brunt of the pandemic, with multiple projects being canceled or delayed at the peak of the crisis. The dwindling output and the financial constraints across this sector have led to a decline in both residential and commercial infrastructure developments and in turn, hindered the ambiance lighting industry share over the past months. However, the implementation of stay-at-home measures and the growing focus on interior design across residential spaces may help the industry regain traction in the upcoming years.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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