Ambient Lighting Market Growing at a CAGR of 10.71% During 2017 to 2023, Says a New Research Report at ReportsnReports
PUNE, India, August 15, 2017 /PRNewswire/ --
The ambient lighting market is forecast to reach $96.09 billion by 2023 from $46.48 billion in 2016 at a CAGR of 10.71% during (2017-2023) driven by the increasing awareness about energy-efficient lighting system, modernization of infrastructure, and decreasing costs of light sources such as LEDs, while APAC to hold the largest share of the market by 2023.
Browse 62 Market Data Tables and 42 Figures spread through 148 Pages and in-depth TOC on "Ambient Lighting Market - Global Forecast to 2023" http://www.reportsnreports.com/reports/1150242-ambient-lighting-market-by-offering-hardware-and-software-services-type-surface-mounted-lights-strip-lights-track-lights-recessed-lights-and-suspended-lights-end-user-and-region-global-forecast-to-2023.html .
The ambient lighting market in APAC will grow at a high rate between 2017 and 2023. This report covers the market in regions such as North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The ambient lighting market in Asia Pacific is expected to grow at a high rate between 2017 and 2023. APAC is home to some of the top players in the lighting market such as Sharp Corporation (Japan) and Samsung (South Korea). Besides this, APAC has a large population, and the standard of living in this region is also improving. The countries of in APAC are introducing legislations pertaining to energy efficiency, which is further supporting the growth of the ambient lighting market in this region.
The hardware segment holds a major share of the ambient lighting market in 2017. Hardware pertaining to ambient lighting products includes lamps and luminaires and lighting control. The presence of a large number of companies that offer ambient lighting products for infrastructure projects is driving the growth of the ambient lighting market for hardware. The market is expected to grow at a high rate between 2017 and 2023. The increasing demand for automation and connected lighting is contributing to the growth of the market.
Make an Inquiry on Ambient Lighting Market by Offering (Hardware, and Software & Services), Type (Surface-Mounted Lights, Strip Lights, Track Lights, Recessed Lights, and Suspended Lights), End User, and Region - Global Forecast to 2023 research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1150242 .
The ecosystem of the ambient lighting market comprises component manufacturers such as Philips Lighting Holding B.V. (Netherlands), Cree, Inc. (US), Acuity Brands Lighting Inc. (US), and OSRAM Licht GmBH (Germany), and system integrators, such as, Pasolite (India), LIGMAN Lighting Co., Ltd. (Thailand), and Thorn Lighting (UK).
The ambient lighting market, on the basis of offering, has been segmented into hardware, and software and services. On the basis of type, the market has been segmented into recessed lights, suspended lights, track lights, strip lights, and surface-mounted lights. Moreover, the market for ambient lighting has been segmented on the basis of end user into residential, hospitality and retail, healthcare, office buildings, industrial, and automotive. The overall ambient lighting market has been divided on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
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In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (40%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (50%), Directors (40%) and others (10%) from various key organizations operating in the ambient lighting market. The primary interviews were conducted worldwide covering regions such as North America (35%), Europe (22%), Asia Pacific (28%) and RoW (15%).
The illustrative segmentation, analysis, and forecast for the ambient lighting market based on offering, type, end user, and region have been conducted to provide an overall view of the ambient lighting market. Detailed competitive landscape, including key players, in-depth analysis, and revenues of the key players, has been provided. Available customizations of the report offer further country-wise segmentation (in terms of value) of the ambient lighting market; further breakdown of the industry could be provided, along with the profiling of additional companies in the report
Another research titled Solid-State and Other Energy-Efficient Lighting Market Global Forecast to 2022 says, the solid-state and other energy-efficient lighting market is expected to be valued at $174.45 billion by 2022, growing at a CAGR of 5.38% between 2016 and 2022. Market for solid-state lighting expected to grow at a high rate in terms of market size. APAC expected to hold the largest share of the market during the forecast period. Companies such as OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (U.S.), Nichia Corporation (Japan), AIXTRON SE (Germany), Applied Materials, Inc. (U.S.), Applied Science and Technology Research Institute Company Limited (Hong Kong), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Advanced Lighting Technologies, Inc. (U.S.), Energy Focus, Inc. (U.S.), Intematix Corporation (U.S.), LED Engin, Inc. (U.S.), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), Bright Light Systems, Inc. (Georgia) have been profiled in this 179 pages research report available at http://www.reportsnreports.com/reports/873256-solid-state-and-other-energy-efficient-lighting-market-by-technology-solid-state-hid-fluorescent-installation-type-new-retrofit-offering-hardware-software-services-application-and-geography-globa-st-to-2022.html .
Explore more reports on Semiconductor and Electronics Market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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