Global Architectural Lighting Market Size By Type, By Geographic Scope And Forecast
Report Highlights
Architectural Lighting Market Size And Forecast
Architectural Lighting Market was valued at USD 7.80 Million in 2019 and is projected to reach USD 12.25 Million by 2027, growing at a CAGR of 5.9 % from 2020 to 2027
Global Architectural Lighting Market Outlook
Growing advances in the lighting technology and developments in urban landscape is major factors that re fueling growth of Architectural Lighting. Furthermore, government initiatives such as infrastructure developments and smart city development projects by respective governments are propelling the market growth. In addition, growing number of residential and commercial buildings, hotels, hospitals are responsible for boosting Architectural Lighting market. Increasing awareness about green technology made manufacturer to develop energy efficient and environment friendly decorative lights. However, high manufacturing cost and expensive installation and customization are expected to restrict the market growth of Architectural Lighting. Nonetheless, infrastructure projects in the emerging economies are expected to provide lucrative growth for Architectural Lighting market over the forecasted period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Architectural Lighting Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Architectural Lighting Market Competitive Landscape
The Global Architectural Lighting Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as General Electric Company, Philips Lighting Holding B.V., OSRAM GmbH, Feilo Sylvania, TCP International Holdings Ltd., SeaGull Lighting, Orion Energy Systems Inc., Acuity Brands Lighting Inc., W.W. Grainger Inc., and Cree, Inc.
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