China Architectural Lighting Market Size & Outlook
China architectural lighting market, 2018-2030 (US$M)
Related Markets
China architectural lighting market highlights
- The China architectural lighting market generated a revenue of USD 1,924.2 million in 2023 and is expected to reach USD 3,234.5 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% 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 1,924.2 million |
| Market revenue in 2030 | USD 3,234.5 million |
| Growth rate | 7.7% (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, China accounted for 20.2% 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 Asia Pacific, China architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 374.7 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 18.78% in 2023. Horizon Databook has segmented the China 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 Chinese government has continually been advocating environmentally friendly and energy-efficient lighting options. This involves LED lighting, which has grown popular due to its long lifespan and high energy efficiency.
With the growing middle-class population in China, the drive for high-quality, welldesigned buildings and public spaces has increased. China has made significant investments in smart city programs, and architectural lighting is an important component of these efforts.
With the proliferation of technology, smart lighting fixtures have detectors and connections, allowing for remote control, energy management, and adaptable lighting schemes. LED technology is gaining excessive focus in the Chinese lighting market because of its low power consumption and durability.
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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 country-level data and insights on the China architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into China architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China architectural lighting market size, by component, 2018-2030 (US$M)
China Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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