Canada Architectural Lighting Market Size & Outlook
Canada architectural lighting market, 2018-2030 (US$M)
Related Markets
Canada architectural lighting market highlights
- The Canada architectural lighting market generated a revenue of USD 230.9 million in 2023 and is expected to reach USD 365.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% 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 230.9 million |
| Market revenue in 2030 | USD 365.6 million |
| Growth rate | 6.8% (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, Canada accounted for 2.4% 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 North America, U.S. architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 365.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 16.46% in 2023. Horizon Databook has segmented the Canada 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.
The Canadian architectural lighting market is expected to register a significant CAGR over the forecast period. Energy-efficient architectural lighting is vital for lowering Canada's energy consumption and greenhouse gas emissions.
Architectural lighting is an essential component of Canadian urban development initiatives. Well-lit and illuminated streets, public spaces, landmarks, and public infrastructure increase safety, visibility, and the overall urban experience.
The country focuses on sustainability and conserving the environment, driving the demand for energy-efficient lighting solutions. Reduced energy expenses and extended lighting lifespan all contribute to an optimal ROI.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into Canada architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada architectural lighting market size, by component, 2018-2030 (US$M)
Canada Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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