The increasing adoption of energy-efficient lighting solutions and the growing emphasis on sustainable practices are driving the growth of the architectural lighting market. Moreover, advancements in LED technology, such as higher energy efficiency and longer lifespan, are boosting the demand for architectural lighting solutions.
Industry
Report Coverage | Details |
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Segments Covered | Component, Source, Application, End-User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Acuity Brands,, Cree Lighting, Delta Light, GE Current, GVA Lighting, Hubbell, OSRAM, Panasonic, Signify Holding, Siteco, Technical Consumer Products,, Zumtobel Group AG, Feilo Sylvania, TCP International Holdings, Seoul Semiconductor |
The high initial investment costs and the complexity of retrofitting existing lighting systems are acting as restraints on the growth of the architectural lighting market. Additionally, the lack of awareness about the benefits of architectural lighting among end-users is hindering market growth.