Latin America Architectural Lighting Market Size & Outlook
Latin America architectural lighting market, 2018-2030 (US$M)
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Latin America architectural lighting market highlights
- The Latin America architectural lighting market generated a revenue of USD 432.6 million in 2023.
- The market is expected to grow at a CAGR of 7.8% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 432.6 million |
| Market revenue in 2030 | USD 733.5 million |
| Growth rate | 7.8% (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 |
| 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, Latin America region accounted for 4.5% of the global architectural lighting market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,512.4 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 21.08% in 2023. Horizon Databook has segmented the Latin America 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 demand for architectural lighting is growing across Latin America in line with the rising public & private investments in residential construction and the diverse portfolio being offered by market players in the region.
The demand for LED architectural lighting for residential applications is poised for considerable growth owing to the myriad of initiatives being pursued for energy conservation. For instance, in November 2021, the Latin American Energy Organization (OLADE) and the International Renewable Energy Agency (IRENA) announced their commitment to scaling up renewable energy in the Caribbean and Latin America by 2030.
The drive toward energy conservation is expected to drive the adoption of LED architectural lighting solutions owing to their high efficiency, which makes them ideal for integrating into smart lighting systems.
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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 continent-level data and insights on the Latin America architectural lighting market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America architectural lighting market size, by country, 2018-2030 (US$M)
Latin America Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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