Ambient Lighting Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research

Ambient lighting is also known as general lighting which provides an area with overall illumination. It offers a comfortable level of brightness without creating glare and provides a feel of natural lighting. Ambient lighting in household can be obtained from chandeliers, or wall-mounted fixtures, or track lights. In photography, ambient lighting is the light source which comes from naturally available options such as sun, moon and so on. In such type of photography there is no need for flash. Ambient lighting is used in both commercial as well as residential applications. This report studies the current and future aspects of the ambient lighting market.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global ambient lighting market is growing at a steady pace during the forecasted period because of rise in modern infrastructure, and awareness among public about the benefits of using efficient lighting system. In addition, the ambient lighting offers reduced costs as compared to other traditional lighting sources such as LEDs.

2. This benefit is acting as a major market growth driving factor. Due to advancement in technology, consumers are preferring modern interiors for the residential buildings, which is favoring the use of ambient lighting leading to market growth. There is a significant increase in infrastructure projects, due to which government is focusing on energy efficient lighting options which is promoting the ambient lighting market.

3. Moreover, the increased use of wireless network and Internet of Things (IoT) technology is contributing towards the growth of the ambient lighting market. However, there is lack of awareness seen in some regions which is hampering the market growth. Also, the lack of common standards and protocols for LEDs is acting as a major market restraining factor.

The global ambient lighting market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor for the ambient lighting market. The region is dominant because of rise of infrastructure industry. The strong legislation policies related to energy conservation is also favoring the progress of the market. The next in line is North America region which is witnessing a rapid pace of growth due to increasing infrastructure projects and awareness among public about the benefits of using energy efficient lighting sources.

KEY MARKET PLAYERS

Key players in the ambient lighting market include:

1. Philips Lighting N.V.
2. Hafele Group
3. Acuity Brands Inc.
4. Osram Licht AG
5. Wipro Consumer Care and Lighting
6. Eaton Corporation PLC
Cree Inc.7.
8. Hubbell Incorporated
9. GE Electric Company (GE)
10. Thorn Lighting

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