Global Architectural Lighting Industry (2020 to 2027) - Market Trajectory & Analytics

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May 28, 2021, 16:00 ET

DUBLIN, May 28, 2021 /PRNewswire/ -- The "Architectural Lighting - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Architectural Lighting estimated at US$8 Million in the year 2020, is projected to reach a revised size of US$11.8 Million by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

Light Emitting Diode, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$5.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High Intensity Discharge segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.2 Million, While China is Forecast to Grow at 9.4% CAGR

The Architectural Lighting market in the U.S. is estimated at US$2.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Million by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Other Light Types Segment to Record 5.6% CAGR

In the global Other Light Types segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Million in the year 2020 will reach a projected size of US$2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Million by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period.

Select Competitors (Total 35 Featured):

Acuity Brands Lighting, Inc.
Cooper Industries PLC
Cree Inc.
Cree Lighting
Epistar Corporation
Feilo Sylvania
Galaxia
GE Lighting LLC
General Electric Company
GRIVEN S.r.l.
OSRAM GmbH
Osram Licht AG
Philips Lighting Holding B.V.
Samsung Electronics
Seoul Semiconductor Co., Ltd
Signify Holding
TCP International Holdings Ltd.
Toshiba Lighting & Technology Corporation
Verbatim Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION

Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/hfihkj

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets