Interior Lighting Market Size, Trends and Insights By Type (General Lighting, Ambient Lighting, Task Lighting, Mood Lighting, Accent Lighting), By Product (Decorative Lamps, Ceiling Lights, Pendant Lights, Chandeliers, Wall Lights, Clamp Lights, Others), By End Use (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI24457

Published Date: July 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 5.7%
70.2B
2022
75.33B
2023
121.5B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Signify NV (formerly known as Philips Lighting)
  • Osram Licht AG
  • Acuity Brands, Inc.
  • Zumtobel Group AG
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

As per the current market research conducted by CMI Team, the global Interior Lighting Market is expected to record a CAGR of 5.7% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 70.2 billion. By 2032, the valuation is anticipated to reach USD 121.5 billion.

The interior lighting market refers to the industry involved in producing, distributing, and selling lighting solutions specifically designed for indoor spaces. This market is dynamic, impacted by technical breakthroughs, energy efficiency requirements, and shifting consumer preferences.

Current market trends include increased acceptance of smart lighting systems, a focus on lighting designs that prioritize human well-being, a desire for energy-saving solutions, and a growing emphasis on the health and wellness aspects of lighting.  These trends shape the market’s trajectory, product development, and customer expectations.

Interior Lighting Market – Significant Growth Factors

The Interior Lighting Market presents significant growth opportunities due to several factors:

  • Demand for Energy Efficiency: Strict regulations and growing environmental concerns drive the need for energy-efficient lighting solutions. Manufacturers can seize the opportunity by developing innovative and eco-friendly products that comply with regulations and cater to environmentally conscious consumers.
  • Technological Advancements: Rapid progress in lighting technologies like LED and OLED opens doors for manufacturers to introduce more efficient, longer lasting, and customizable lighting solutions. These advancements enable the creation of intelligent lighting systems, smart controls, and connected lighting, improving user experience and fuelling market growth.
  • Urbanization and Infrastructure Development: Ongoing urbanization and infrastructure projects worldwide create a significant market opportunity for interior lighting. As cities expand and new buildings emerge, there is an increasing demand for visually appealing, energy-efficient, and technologically advanced lighting solutions in homes, offices, and public spaces.
  • Focus on Human-centric Lighting: The growing recognition of lighting’s impact on human well-being drives the demand for human-centric lighting solutions. This offers manufacturers the chance to develop lighting systems that imitate natural daylight, improve sleep patterns, enhance mood, and boost productivity in different indoor settings like offices, hospitals, and schools.
  • Integration of Smart Home and IoT: The rise of smart home technologies and the Internet of Things (IoT) presents opportunities for interior lighting manufacturers. Integrating lighting systems with smart home platforms allows for remote control, automation, and customization, improving convenience, energy efficiency, and user experience. This trend creates avenues for developing innovative products and meeting the rising demand for smart lighting.
  • Emphasis on Sustainability: The increasing focus on sustainability and environmental responsibility creates market opportunities for interior lighting manufacturers. Consumers and organisations are looking for products with lower carbon footprints, recyclable materials, and energy-saving features. Manufacturers who prioritise sustainability in their offers and use environmentally friendly practises have a competitive edge and can capitalise on the growing demand for sustainable lighting solutions.
  • Shift towards Circadian Lighting: The understanding of the impact of light on our circadian rhythm and overall well-being has led to the emergence of circadian lighting. This lighting technology aims to mimic natural light patterns throughout the day, promoting better sleep-wake cycles and supporting human health. The growing awareness of circadian lighting’s benefits presents an opportunity for manufacturers to develop lighting solutions that prioritize circadian rhythm synchronization and cater to industries such as healthcare, hospitality, and workplaces.

Interior Lighting Market – Mergers and Acquisitions

The Interior Lighting Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Interior Lighting Market include:

  • Signify (formerly Philips Lighting) and Cisco Systems: In 2018, Signify and Cisco Systems entered into a partnership to collaborate on connected lighting for smart buildings. The partnership aimed to integrate Signify’s lighting systems with Cisco’s networking infrastructure to enable seamless connectivity and advanced control capabilities in commercial and industrial spaces.
  • Eaton Corporation’s Acquisition of Ephesus Lighting: In 2018, Eaton Corporation, a multinational power management company, acquired Ephesus Lighting, a leading provider of LED sports lighting solutions. The acquisition aimed to expand Eaton’s range of lighting solutions for sports and entertainment venues, allowing them to offer innovative and energy-efficient lighting systems for professional sporting events and entertainment facilities.
  • Osram Licht and Continental: In 2018, Osram Licht and Continental, a leading automotive technology company, announced a partnership to develop intelligent lighting solutions for the automotive industry. The collaboration aimed to integrate lighting functionalities with vehicle electronics, enhancing safety, comfort, and design aspects in automotive lighting systems.
  • Acuity Brands and Silver Spring Networks: In 2018, Acuity Brands, a prominent lighting and building automation solutions provider, formed a partnership with Silver Spring Networks, a leading provider of IoT connectivity solutions. The partnership aimed to integrate Silver Spring Networks’ IoT platform with Acuity Brands’ lighting infrastructure, enabling advanced lighting control, energy management, and IoT applications in commercial and industrial settings.
  • Signify’s Purchase of Cooper Lighting Solutions: In 2020, Signify (formerly Philips Lighting) acquired Cooper Lighting Solutions, a prominent provider of lighting fixtures and controls. The acquisition aimed to strengthen Signify’s position in the North American market and expand its portfolio of professional lighting solutions, enabling them to offer a wider range of lighting products and services to customers.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Interior Lighting Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Interior Lighting Market Automotive Smart Lighting Market Car Care Products Market
CAGR 5.7% (Approx) CAGR 13% (Approx) CAGR 4.5% (Approx)
USD 121.5 billion by 2032 USD 1o Billion by 2030 USD 15.5 Billion by 2030

Interior Lighting Market – Significant Threats

The Interior Lighting Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Intensifying Competition: The interior lighting market is highly competitive, with many manufacturers and suppliers vying for customers. Increased competition poses a challenge to established businesses since it can result in price wars, lower profits, and difficulties sustaining market dominance. To resist this danger, businesses must distinguish themselves through innovation, quality, and customer-centric initiatives.
  • Shifting Consumer Preferences: Changing consumer preferences and trends pose a threat to interior lighting manufacturers. As consumer tastes evolve, there is a risk of existing products becoming outdated or losing popularity. Manufacturers must stay vigilant and anticipate shifts in consumer preferences, such as the demand for energy-efficient and eco-friendly lighting solutions, in order to align their offerings with changing demands.
  • Economic Uncertainty: Fluctuations and uncertainties in the economy can impact the interior lighting market. During economic downturns, consumers may reduce spending on non-essential items, including lighting products. Economic instability can result in decreased demand, lower sales volumes, and financial challenges for manufacturers. To address this threat, companies should diversify their market presence, offer products across different price ranges, and focus on cost optimization.
  • Regulatory Changes: Changes in regulations and standards related to energy efficiency, safety, and environmental sustainability can significantly affect the interior lighting market. New regulations may require manufacturers to modify product designs, manufacturing processes, or materials, leading to additional costs and compliance complexities. It is essential for companies to closely monitor regulatory developments and proactively adapt their strategies and products to ensure compliance and remain competitive.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 75.33 Billion
Projected Market Size in 2032 USD 121.5 Billion
Market Size in 2022 USD 70.2 Billion
CAGR Growth Rate 5.7% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Product, End Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • General Lighting: General lighting is the primary lighting that provides overall brightness and visibility in space. There is a growing trend in the interior lighting market towards energy-efficient general lightings solutions, such as LED fixtures and intelligent controllers. These solutions provide enhanced performance, longer lifespans, and the option to tailor lighting settings to individual preferences.
  • Ambient Lighting: Ambient lighting creates a comfortable and welcoming atmosphere in a room, often achieved through diffused or indirect light sources. In the interior lighting market, there is a growing trend towards ambient lighting solutions that incorporate dimming capabilities, color temperature adjustment, and smart control features to create customizable and mood-enhancing lighting experiences.
  • Task Lighting: Task lighting focuses on providing targeted illumination for specific activities, such as reading or working. In the interior lighting market, there is an increasing demand for task lighting solutions that offer adjustable brightness levels, focused light output, and flexibility in positioning to enhance productivity, reduce eye strain, and improve task performance.
  • Mood Lighting: Mood lighting aims to create a desired ambience or atmosphere in a space, often achieved through the use of colored lights or adjustable light intensities. In the interior lighting market, the trend is towards mood lighting solutions that offer a wide range of color options, wireless control capabilities, and integration with smart home systems for convenient and customizable lighting experiences.
  • Accent Lighting: Accent lighting highlights specific objects, architectural features, or artwork to create visual interest and focal points in a room. In the interior lighting market, there is a growing demand for accent lighting solutions that utilize directional fixtures, adjustable beam angles, and advanced control options to accentuate design elements and add depth to the overall lighting scheme.

Global Interior Lighting Market 2023–2032 (By Billion)

www.custommarketinsight.com

By Product:

  • Decorative Lamps: Decorative lamps are lighting fixtures designed to add aesthetic appeal to interior spaces. The interior lighting market for decorative lamps is driven by trends such as unique designs, incorporation of sustainable materials, and integration of smart lighting features to enhance the ambience and create visually appealing environments.
  • Ceiling Lights: Ceiling lights are fixtures installed on the ceiling to provide general illumination in a space. In the interior lighting market, trends for ceiling lights include the use of energy-efficient LED technology, sleek and minimalist designs, and the incorporation of smart controls for enhanced functionality and convenience.
  • Pendant Lights: Pendant lights are suspended from the ceiling by a rod or cord, often used for task or decorative lighting. In the interior lighting market, pendant lights are trending with a focus on artistic designs, the use of natural materials, adjustable heights for versatility, and the integration of dimming options to create desired lighting atmospheres.
  • Chandeliers: Chandeliers are elaborate lighting fixtures that hang from the ceiling, typically featuring multiple arms or tiers adorned with crystals or decorative elements. In the interior lighting market, chandeliers are trending with modern interpretations, incorporating eco-friendly materials, energy-efficient LED lighting, and smart controls for customizable lighting effects.
  • Wall Lights: Wall lights are fixtures mounted on walls, providing functional and decorative lighting. In the interior lighting market, trends for wall lights include sleek and minimalist designs, the incorporation of LED technology for energy efficiency, adjustable light directions, and the integration of smart features for ease of use and customization.
  • Clamp Lights: Clamp lights are portable fixtures that can be attached to various surfaces, offering flexibility in directing light. In the interior lighting market, clamp lights are trending with compact and ergonomic designs, energy-efficient LED bulbs, adjustable arms for precise illumination, and the integration of wireless charging or USB ports for added functionality.
  • Others: The “others” category in the interior lighting market includes diverse lighting products like floor lamps, table lamps, track lighting, and specialty fixtures. Trends in this segment involve creative designs, the use of eco-friendly materials, the integration of smart lighting features, and the adoption of energy-efficient technologies to address consumer preferences for flexibility and sustainability.

By End Use:

  • Residential: In the interior lighting market, residential end use refers to lighting solutions designed for homes and residential spaces. The market trend in residential lighting includes a shift towards energy-saving LED lighting, increasing adoption of smart lighting systems, and a focus on stylish designs that enhance the atmosphere and functionality of residential areas.
  • Commercial: In the interior lighting market, commercial end use encompasses lighting solutions tailored for commercial spaces such as offices, retail stores, and hospitality establishments. The market trend in commercial lighting involves a growing demand for energy-efficient lighting systems, integration of smart lighting technologies for enhanced control and automation, and a focus on creating visually appealing and productive work environments.

Global Interior Lighting Market 2023–2032 (By Type)

www.custommarketinsight.com

Interior Lighting Market – Regional Analysis

The Interior Lighting Market is segmented into various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Here is a brief overview of each region:

  • North America: In the interior lighting market, North America exhibits a trend towards energy-efficient lighting solutions driven by stringent regulations and increased environmental awareness. Smart lighting systems and connected technologies are gaining popularity, allowing users to control and customize lighting settings. Dominating manufacturers in this region include Acuity Brands, Eaton Corporation, and Cree Inc., known for their innovative and sustainable lighting products.
  • Europe: In Europe’s interior lighting market, there is a strong emphasis on energy efficiency and sustainability due to strict regulations. LED lighting adoption is widespread, and there is a growing focus on human-centric lighting solutions that promote well-being and productivity. Prominent manufacturers in this region include Signify (formerly Philips Lighting), Osram, and Zumtobel Group, known for their advanced lighting technologies and sustainable product offerings.
  • Asia-Pacific: The Asia-Pacific region experiences significant growth in the interior lighting market, driven by rapid urbanization and infrastructure development. There is a rising demand for affordable and energy-efficient lighting solutions. The market also witnesses a surge in smart lighting adoption, leveraging the region’s strong presence in technology and manufacturing. Key manufacturers in this region include Panasonic Corporation, Opple Lighting, and NVC Lighting, known for their extensive product portfolios and market presence.
  • LAMEA: In the LAMEA (Latin America, Middle East, and Africa) region, the interior lighting market is characterized by a growing focus on energy-efficient lighting solutions and sustainability. LED technology adoption is increasing, driven by government initiatives and rising consumer awareness. Dominating manufacturers in this region include GE Lighting (General Electric), Havells India Limited, and Osram, known for their diverse range of lighting products and solutions tailored to the specific needs of the region.

Global Interior Lighting Market 2023–2032 (By End Use)

www.custommarketinsight.com

Competitive Landscape – Interior Lighting Market

The Interior Lighting Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Signify NV (formerly known as Philips Lighting)
  • Osram Licht AG
  • Acuity Brands, Inc.
  • Zumtobel Group AG
  • Cree Inc.
  • Eaton Corporation
  • General Electric Company (GE Lighting)
  • Hubbell Incorporated
  • Lutron Electronics Co. Inc.
  • Thorn Lighting Ltd.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, notable partnerships in the interior lighting market included Signify partnering with Honeywell to integrate smart lighting and building automation systems, and Acuity Brands collaborating with Lutron to combine lighting and shading control solutions, offering enhanced user experience and energy efficiency in commercial spaces.

The market is also witnessing the entry of several new players, new players emphasizing innovation and development. In the interior lighting market, several new players have emerged, adopting innovation and development to establish their presence.

These include companies specializing in advanced LED lighting technologies, smart lighting systems, and sustainable lighting solutions. These new players strive to bring novel designs, energy efficiency, and enhanced functionality to the market, catering to evolving consumer demands and industry trends. However, Dominating Key Players and Market Influence:

The interior lighting market is predominantly dominated by established key players known for their extensive product portfolios, market presence, and industry influence. These players leverage their strong brand recognition, technological expertise, and wide distribution networks to maintain a significant market share. They continuously invest in research and development, introducing innovative lighting solutions and staying ahead of the competition.

These dominant players actively engage in strategic partnerships, mergers, and acquisitions to expand their market reach and solidify their leadership position in the industry.

The Interior Lighting Market is segmented as follows:

By Type

  • General Lighting
  • Ambient Lighting
  • Task Lighting
  • Mood Lighting
  • Accent Lighting

By Product

  • Decorative Lamps
  • Ceiling Lights
  • Pendant Lights
  • Chandeliers
  • Wall Lights
  • Clamp Lights
  • Others

By End Use

  • Residential
  • Commercial

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Interior Lighting Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Interior Lighting Market : snapshot
  • Chapter 3. Global Interior Lighting Market – Industry Analysis
    • 3.1 Interior Lighting Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Demand for Energy Efficiency
      • 3.2.2 Technological Advancements
      • 3.2.3 Urbanization and Infrastructure Development
      • 3.2.4 Focus on Human-centric Lighting
      • 3.2.5 Integration of Smart Home and IoT
      • 3.2.6 Emphasis on Sustainability
      • 3.2.7 Shift towards Circadian Lighting.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Product
      • 3.7.3 Market attractiveness analysis By End Use
  • Chapter 4. Global Interior Lighting Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Interior Lighting Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Interior Lighting Market – Type Analysis
    • 5.1 Global Interior Lighting Market overview: By Type
      • 5.1.1 Global Interior Lighting Market share, By Type, 2022 and 2032
    • 5.2 General Lighting
      • 5.2.1 Global Interior Lighting Market by General Lighting, 2023 – 2032 (USD Billion)
    • 5.3 Ambient Lighting
      • 5.3.1 Global Interior Lighting Market by Ambient Lighting, 2023 – 2032 (USD Billion)
    • 5.4 Task Lighting
      • 5.4.1 Global Interior Lighting Market by Task Lighting, 2023 – 2032 (USD Billion)
    • 5.5 Mood Lighting
      • 5.5.1 Global Interior Lighting Market by Mood Lighting, 2023 – 2032 (USD Billion)
    • 5.6 Accent Lighting
      • 5.6.1 Global Interior Lighting Market by Accent Lighting , 2023 – 2032 (USD Billion)
  • Chapter 6. Global Interior Lighting Market – Product Analysis
    • 6.1 Global Interior Lighting Market overview: By Product
      • 6.1.1 Global Interior Lighting Market share, By Product, 2022 and 2032
    • 6.2 Decorative Lamps
      • 6.2.1 Global Interior Lighting Market by Decorative Lamps, 2023 – 2032 (USD Billion)
    • 6.3 Ceiling Lights
      • 6.3.1 Global Interior Lighting Market by Ceiling Lights, 2023 – 2032 (USD Billion)
    • 6.4 Pendant Lights
      • 6.4.1 Global Interior Lighting Market by Pendant Lights, 2023 – 2032 (USD Billion)
    • 6.5 Chandeliers
      • 6.5.1 Global Interior Lighting Market by Chandeliers, 2023 – 2032 (USD Billion)
    • 6.6 Wall Lights
      • 6.6.1 Global Interior Lighting Market by Wall Lights, 2023 – 2032 (USD Billion)
    • 6.7 Clamp Lights
      • 6.7.1 Global Interior Lighting Market by Clamp Lights, 2023 – 2032 (USD Billion)
    • 6.8 Others
      • 6.8.1 Global Interior Lighting Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Interior Lighting Market – End Use Analysis
    • 7.1 Global Interior Lighting Market overview: By End Use
      • 7.1.1 Global Interior Lighting Market share, By End Use, 2022 and 2032
    • 7.2 Residential
      • 7.2.1 Global Interior Lighting Market by Residential, 2023 – 2032 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 Global Interior Lighting Market by Commercial, 2023 – 2032 (USD Billion)
  • Chapter 8. Interior Lighting Market – Regional Analysis
    • 8.1 Global Interior Lighting Market Regional Overview
    • 8.2 Global Interior Lighting Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Interior Lighting Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Interior Lighting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Interior Lighting Market, by Type, 2023 – 2032
      • 8.4.1 North America Interior Lighting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Interior Lighting Market, by Product, 2023 – 2032
      • 8.5.1 North America Interior Lighting Market, by Product, 2023 – 2032 (USD Billion)
    • 8.6 North America Interior Lighting Market, by End Use, 2023 – 2032
      • 8.6.1 North America Interior Lighting Market, by End Use, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Interior Lighting Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Interior Lighting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Interior Lighting Market, by Type, 2023 – 2032
      • 8.8.1 Europe Interior Lighting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Interior Lighting Market, by Product, 2023 – 2032
      • 8.9.1 Europe Interior Lighting Market, by Product, 2023 – 2032 (USD Billion)
    • 8.10 Europe Interior Lighting Market, by End Use, 2023 – 2032
      • 8.10.1 Europe Interior Lighting Market, by End Use, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Interior Lighting Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Interior Lighting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Interior Lighting Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Interior Lighting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Interior Lighting Market, by Product, 2023 – 2032
      • 8.13.1 Asia Pacific Interior Lighting Market, by Product, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Interior Lighting Market, by End Use, 2023 – 2032
      • 8.14.1 Asia Pacific Interior Lighting Market, by End Use, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Interior Lighting Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Interior Lighting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Interior Lighting Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Interior Lighting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Interior Lighting Market, by Product, 2023 – 2032
      • 8.17.1 Latin America Interior Lighting Market, by Product, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Interior Lighting Market, by End Use, 2023 – 2032
      • 8.18.1 Latin America Interior Lighting Market, by End Use, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Interior Lighting Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Interior Lighting Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Interior Lighting Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Interior Lighting Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Interior Lighting Market, by Product, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Interior Lighting Market, by Product, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Interior Lighting Market, by End Use, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Interior Lighting Market, by End Use, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Signify NV (formerly known as Philips Lighting)
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Osram Licht AG
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Acuity Brands Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Zumtobel Group AG
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Cree Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Eaton Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 General Electric Company (GE Lighting)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Hubbell Incorporated
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Lutron Electronics Co. Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Thorn Lighting Ltd.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Signify NV (formerly known as Philips Lighting)
  • Osram Licht AG
  • Acuity Brands, Inc.
  • Zumtobel Group AG
  • Cree Inc.
  • Eaton Corporation
  • General Electric Company (GE Lighting)
  • Hubbell Incorporated
  • Lutron Electronics Co. Inc.
  • Thorn Lighting Ltd.
  • Others

FAQs

“North America” region will lead the Global Interior Lighting Market during the forecast period 2023 to 2032.

The key factors driving the Market are Demand for Energy Efficiency, Technological Advancements, Urbanization and Infrastructure Development, Focus on Human-centric Lighting, Integration of Smart Home and IoT, Emphasis on Sustainability And Shift towards Circadian Lighting.

The key players operating in the Interior Lighting Market are Signify NV (formerly known as Philips Lighting), Osram Licht AG, Acuity Brands Inc., Zumtobel Group AG, Cree Inc., Eaton Corporation, General Electric Company (GE Lighting), Hubbell Incorporated, Lutron Electronics Co. Inc., Thorn Lighting Ltd., Others.

The Global Interior Lighting Market is expanding growth with a CAGR of approximately 5.7% during the forecast period (2023 to 2032).

The Global Interior Lighting Market size was valued at USD 70.2 Billion in 2022 and it is projected to reach around USD 121.5 Billion by 2032.

PURCHASE OPTIONS

$

3490


$

4490


$

5490


$

1950


powerbi pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.

Want to customize this report?
100% FREE CUSTOMIZATION!