Global Architectural Lighting Market Size & Outlook
Global architectural lighting market, 2018-2030 (US$M)
Related Markets
Global architectural lighting market highlights
- The global architectural lighting market generated a revenue of USD 9,517.4 million in 2023 and is expected to reach USD 15,978.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, ballasts accounted for a revenue of USD 1,795.3 million in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,517.4 million |
| Market revenue in 2030 | USD 15,978.5 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
Other key industry trends
- In terms of revenue, the North America accounted for 15.5% of the global architectural lighting market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 369.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 18.86% in 2023. Horizon Databook has segmented the Global architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Architectural Lighting Component Outlook (Revenue, USD Million, 2018-2030)
- Lamp Holders
- Ballasts
- Lamps
- Lenses/Shades
- Trims
- Wiring
- Reflectors
- Others
- Global Architectural Lighting Source Outlook (Revenue, USD Million, 2018-2030)
- Incandescent Lights
- Fluorescent Lights
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Others
- Global Architectural Lighting Application Outlook (Revenue, USD Million, 2018-2030)
- Indoor
- Outdoor
- Global Architectural Lighting End-user Outlook (Revenue, USD Million, 2018-2030)
- Commercial
- Residential
- Industrial
- Others
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Target buyers of Global architectural lighting market databook
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global architectural lighting market , including forecasts for subscribers. This global databook contains high-level insights into Global architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global architectural lighting market size, by regions, 2018-2030 (US$M)
Top 10 countries: Architectural lighting market size, 2023 (US$M)
Global architectural lighting market share, by component, 2023 & 2030 (%, US$M)
Architectural lighting market: Opportunity assessment by country
Global architectural lighting market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,233.6 | 1,264.1 | 1,281.5 | 1,341.6 | 1,406.3 | 1,479.0 | 1,566.3 | 1,675.2 | 1,792.1 | 1,912.9 | 2,035.3 | 2,154.0 | 2,270.6 | 6.3% |
| Europe | 1,970.5 | 2,024.9 | 2,058.6 | 2,161.6 | 2,272.6 | 2,397.4 | 2,546.8 | 2,732.7 | 2,933.0 | 3,141.2 | 3,353.5 | 3,561.5 | 3,767.7 | 6.7% |
| Asia Pacific | 3,311.7 | 3,459.7 | 3,575.9 | 3,817.3 | 4,081.3 | 4,373.9 | 4,720.7 | 5,146.5 | 5,612.9 | 6,108.9 | 6,628.3 | 7,155.1 | 7,694.3 | 8.4% |
| Latin America | 337.6 | 350.5 | 360.0 | 382.0 | 405.8 | 432.6 | 464.5 | 503.7 | 546.5 | 591.6 | 638.6 | 685.7 | 733.5 | 7.8% |
| MEA | 627.6 | 656.1 | 678.5 | 724.8 | 774.2 | 834.5 | 905.5 | 992.0 | 1,086.9 | 1,188.0 | 1,294.0 | 1,401.9 | 1,512.4 | 8.9% |
| Overall | 7,481.1 | 7,755.3 | 7,954.5 | 8,427.3 | 8,940.2 | 9,517.4 | 10,203.7 | 11,050.1 | 11,971.4 | 12,942.7 | 13,949.6 | 14,958.1 | 15,978.5 | 7.7% |
Related regional statistics
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