Brazil Architectural Lighting Market Size & Outlook
Brazil architectural lighting market, 2018-2030 (US$M)
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Brazil architectural lighting market highlights
- The Brazil architectural lighting market generated a revenue of USD 204.7 million in 2023 and is expected to reach USD 328.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
Architectural lighting market data book summary
| Market revenue in 2023 | USD 204.7 million |
| Market revenue in 2030 | USD 328.1 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global architectural lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 124.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 21.1% in 2023. Horizon Databook has segmented the Brazil 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.
In Brazil, the demand for architectural lighting is rising owing to the supportive government legislation to encourage the adoption of energy-efficient lighting and the strong emphasis placed by end users on enhancing building aesthetics.
Furthermore, the growth of the Brazilian market can also be attributed to the innovative solutions, including smart architectural lighting, introduced by companies based in the country. For instance, in November 2021, Tuya Inc., an IoT platform provider based in China, and Gaya, a lighting company based in Brazil, announced a partnership aimed at strengthening cooperation in smart technologies, including smart lighting.
The partnership envisaged allowing Gaya to use the Tuya IoT development platform to develop low-code or no-code smart products, thereby simplifying and accelerating complicated IoT hardware development.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into Brazil architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil architectural lighting market size, by component, 2018-2030 (US$M)
Brazil Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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