Europe Architectural Lighting Market Size, Share & Industry Trends Analysis Report By Application Area (Indoor and Outdoor), By End User (Commercial and Residential), By Light Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Architectural Lighting Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
They attract the eye to the shape of the room, allowing the building to fulfill its actual function. Based on acknowledged international and national standards, businesses provide architectural lighting solutions. Manufacturers now supply intelligent architectural lighting solutions that use sensors to detect people and automatically adjust the lighting intensity to the appropriate levels to deliver safe and effective on-demand lighting.
These architectural lighting systems incorporate long-lasting LEDs that significantly save maintenance costs and energy waste. The three essential factors that preserve a proper balance between both the architecture and the architectural lighting are aesthetics, functionality, and efficiency. The technologically advanced and reasonably priced lamps and fixtures have started to draw people to offices, expensive homes, hotels, and dining establishments.
In 2019, Germany generated 612.4 billion kWh of electricity. 40% of electricity is now produced using renewable sources (37 percent excluding hydropower). Despite a minor rise in natural gas-based energy production, coal and nuclear energy production fell in 2019. By 2030, Germany wants to produce 65 percent of the electricity it uses from renewable sources. With 75.1 terawatt-hours (TWh), or 12 percent of all power generated, Germany is the seventh-largest nuclear energy producer, down from 133 TWh (28 percent of all generation) in 2010. The anticipated retirement of older nuclear reactors is what caused the sharp decline. By 2022, the German government intends to shut down all remaining nuclear power plants.
The Germany market dominated the Europe Architectural Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,035 Million by 2028. The UK market is anticipated to grow at a CAGR of 8.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.4% during (2022 - 2028).
Based on Application Area, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial and Residential. Based on Light Type, the market is segmented into Light-Emitting Diode (LED), High-Intensity Discharge (HID) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Architectural Lighting Market will Hit $15.4 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Acuity Brands Lighting, Inc., Ideal Industries, Inc., Delta Light N.V., Current Lighting Solutions, LLC, Siteco GmbH, Signify N.V., Zumtobel Group AG, and Technical Consumer Products, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application Area
By End User
By Light Type
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Acuity Brands Lighting, Inc.
- Ideal Industries, Inc.
- Delta Light N.V.
- Current Lighting Solutions, LLC
- Siteco GmbH
- Signify N.V.
- Zumtobel Group AG
- Technical Consumer Products, Inc
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