A research report titled Ambient Lighting published by Market Intelligence Data describes in detail the demand and consumption of various products related to the growth dynamics of the market during the forecast period 2021-2026. The report provides internal and external data and research from experts in ambient lighting. Local research on exploration weights provides comprehensive reports on market developments in different regions and countries. This report covers market insights and analysis.
The ambient lighting market was valued at USD 69.39 billion in 2020 and is expected to reach USD 104.87 billion by 2026, registering a CAGR of 10.60%, during the forecast period (2021 – 2026 ).
Major companies in the global ambient lighting market include:
GE Lighting, Samsung Electronics Co. Ltd, Koninklijke Philips NV, OSRAM Licht AG, The Zumtobel Group, zipro Consumer Care & Lighting Ltd, Hafele America Co., Acuity Brands Inc., Cree Inc., Bridgelux Inc., Hubbell Incorporated, Eaton Corporation Inc., Decon Lighting Pvt Ltd, Louis Poulsen
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The main intention of this ambient lighting market registration is to offer quantitative information in the form of tables and graphs. The basics of the market material is provided truly for the benefit of the readers. All readers alongside stakeholders will recognize market conditions and the business environment as it should be through this well-planned market analysis. It will become clean to acquire the impact of COVID-19 on the increase in the market through this registration of the Ambient Lighting market.
Key market trends
The lamps and
light fixtures Light Emitting Diodes (LEDs) Offer Growth Potential – LED lighting systems use up to 50% less energy to generate equivalent light intensity emitted by compact fluorescent lamps (CFL) and cold cathode fluorescent lamps (CCFL). This reduction in energy consumption translates directly into a reduction of over 700 million metric tonnes of carbon dioxide emissions per year. Thus, LEDs are expected to completely replace CFLs and CCFLs during the forecast period. This trend is expected to boost the ambient lighting market in the near future.
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Highlights of the Ambient Lighting Market Report:
– A comprehensive background analysis, which includes an assessment of the parent market
– Significant changes in market dynamics
– Market segmentation up to the second or third level
– Historical, current and projected market size in terms of value and volume
– Reporting and evaluation of recent industry developments
– Market shares and strategies of key players
– Emerging niche segments and regional markets
– An objective assessment of the market trajectory
Asia-Pacific will see growth the fastest –
The Asia-Pacific region is the fastest growing region, due to endemic infrastructure construction activities in emerging economies, such as China and India.
– In addition, the various governments in the region are also focusing on the implementation of strict energy efficiency regulations and laws. Thus, it further supports the growth of the ambient lighting market in this region. For example, Indian government initiatives, such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS), have already been implemented for rural and urban areas, respectively.
Customization:
The global ambient lighting market report can be modified to meet your specific business needs. Because we recognize what our customers want, we offer 25% customization for all of our MID reports at no additional cost to all of our customers.
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