Ambient Lighting Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2267
Ambient Lighting Market Size is projected to expand at a considerable rate over 2021-2027, driven by the strong consumer focus on interior design and architecture, alongside the mounting demand for energy-efficient lighting systems to minimize power consumption worldwide. LED light bulbs, for example, have been used as an ambient, energy-efficient lighting system as they offer more than 85% efficiency than their counterparts including incandescent light bulbs. The product also comes with design flexibility, making it feasible for use in both commercial and residential settings.
Ambient lighting, also known as general lighting, serves as a primary source of light that provides overall illumination and is meant to deliver general, uniform, and comfortable lighting levels. This comfortable level of illumination can be produced by using chandeliers, track lights, wall or ceiling-mounted lighting, recessed lights, and other lighting fixtures.
Accelerating demand for smart lighting systems including automation & connected lighting to reduce energy consumption, coupled with the extensive deployment of ambient lighting in cars, are among the major trends bolstering the overall ambient lighting market penetration. According to studies, the use of this lighting design in vehicle interiors has had significant positive influences on its perceived safety, quality, space perception, and functionality. Strong focus on reducing the level of CO? emissions and subsequent rise in prominence of the LED technology owing to myriad benefits such as low heat consumption and optimized beam patterns will further contribute to the popularity of the ambient lighting design in years ahead.
Considering the end user spectrum, the healthcare segment is set to account for a significant market share by 2027, which can be credited to the development of human-centric patient rooms in medical facilities and hospitals. During the daytime, the natural light is complemented with ambient lighting to meet the needs of both staff and patients in terms of flexibility and quality and promote faster recovery and healing.
On the regional front, the Asia Pacific ambient lighting market is poised to depict a commendable growth rate through 2027. This is a result of the escalating building & construction activities in rural areas, along with the availability of stringent norms to reduce the environmental footprint in emerging economies like India and China. For example, the Indian government introduced the PAT (Perform Achieve and Trade) Scheme for large establishments and industries to enhance energy savings by upgrading technology or taking various in-house actions to minimize energy consumption, hence resulting in robust demand for varied energy-efficient, ambient lighting products.
Prominent players operating in the ambient lighting market include Nualight Limited, Advanced Lighting Technologies, GE Lighting (General Electric), Thorn Lighting, Acuity Brands, Inc., Osram Licht AG (ams), Royal Philips, Cree, Inc., and Samsung, among others. These firms are incorporating strategies like new product launches and business expansions to expand their product portfolio and gain a competitive advantage over rivals in the global market.
For instance, Momax launched the Zense Smart ambiance Lamp in June 2021, designed to produce ambient lighting with music, charging, and gentle alarm to ensure high comfort and relaxation of the users. Meanwhile, in December 2020, Osram Opto Semiconductors expanded its Ostune LED family with the launch of Ostune E1608 and E3030 LEDs, that deliver light variants from reddish warm white to bluish cool white for automotive ambient lighting applications.
Declining Construction Activities Amid COVID-19 to Assert Adverse Impacts on the Ambient Lighting Market Trends:
The ongoing coronavirus pandemic has resulted in social, economic, and health crises, with massive disruptions across electronic devices, hospitality, and other sectors due to supply challenges, production losses, and price fluctuations. The slowdown in construction activities during the pandemic has led to a decline in the installation of lights, which may impede the global ambient lighting market expansion in years ahead.
Nonetheless, there has been a massive consumption of LED products across the healthcare sector even during the crisis. This rapid increase in the adoption of LED light as a preferred lighting option, along with the gradual ease of coronavirus restrictions such as lockdown in several countries, may boost the deployment of different types of ambient lighting systems during the forecast timeline.
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