(MENAFN - Evertise Digital)May 4, 2021
According to IMARC Group's latest report, titled '' Architectural Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 '', The global architectural lighting market is expected to exhibit moderate growth during 2021-2026. Architectural lighting refers to the process of providing electric and daylight lighting in architectural and urban environments. This process offers various benefits, including affordability, reliability, longer lifespan and cost-efficiency. Architectural lighting primarily concentrates on the proper functionality, energy efficiency and aesthetics of an area. It is widely employed across various sectors, which include retail, hospitality, industrial, residential, education, and commercial.
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Rapid advancements in lighting technology and expansion in the urban landscape are among the primary factors driving the global architectural lighting market. Besides this, initiatives undertaken by governments of several nations, such as smart city development projects and renovation of existing infrastructures, are contributing to the market growth further. Moreover, the increasing establishment of residential and commercial buildings in urban areas is propelling the growth of the market. The advent of green technology across the globe has led to a rise in the adoption of environment-friendly and energy-efficient decorative lights, creating a positive outlook for the market.
Competitive Landscape with Key Players:
- Signify Holding
- OSRAM GmbH
- Cree Lighting
- General Electric Company
- Acuity Brands Lighting Inc.
- Seoul Semiconductor Co.
- Ltd, Samsung
- Griven S.r.l.
Architectural Lighting Market Segmentation:
Breakup by Light Source:
- Fluorescent Lights
- High Intensity Discharge (HID) Lights
- Light Emitting Diode (LED) Lights
Breakup by Lighting Type:
Breakup by Application:
- Wall Wash
- Cove Lighting
Breakup by End Use:
Breakup by Region:
- North America
- United Kingdom
- Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- Latin America
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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