North America 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 North America Architectural Lighting Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
The need for architectural lighting is projected to increase due to the growing need to make sure a space is well-lit to improve the lighting appeal and accentuate the interior and corners of a space. Due to the numerous advantages that architectural lighting provides, customer demand has shown a tendency in this direction. Longer lifespan, customizable illumination power, dependability, affordability, and cost-effectiveness are some of the advantages of architectural lighting. All of these advantages are probably going to increase growth prospects for the architectural lighting industry in the ensuing years.
The necessity to illuminate a building's hallways, walkways, parking lot, gardens, walls, staircases, and rooms are also anticipated to lead to a rise in the use of architectural lighting. It is crucial to recognize the necessity for adequate architectural lighting because safety is a top priority in architectural environments. An experience for those occupying the architectural space is greatly influenced by appropriate architectural lighting.
According to the most recent findings from the Residential Energy Consumption Survey, light-emitting diode (LED) bulbs are being used more and more by American households. In 2020, 47% of households plan to use LEDs for most or all of their indoor illumination (RECS). Only 4% of families in the 2015 RECS used LEDs for the majority or all of their indoor illumination. The percentage of American homes that primarily use compact fluorescent (CFL) bulbs for indoor illumination decreased from 32% in 2015 to 12% in 2020. The proportion of households utilizing incandescent or halogen bulbs for the majority of their interior illumination decreased from 31% in 2015 to 15% in 2020.
The US market dominated the North America Architectural Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,101.6 Million by 2028.The Canada market is poised to grow at a CAGR of 12.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.4% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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