Mexico Architectural Lighting Market Size & Outlook
Mexico architectural lighting market, 2018-2030 (US$M)
Related Markets
Mexico architectural lighting market highlights
- The Mexico architectural lighting market generated a revenue of USD 71.9 million in 2023 and is expected to reach USD 124.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.2% 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 71.9 million |
| Market revenue in 2030 | USD 124.6 million |
| Growth rate | 8.2% (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, Mexico accounted for 0.8% 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 |
|---|
Mexico 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 21.14% in 2023. Horizon Databook has segmented the Mexico 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 Mexico, the demand for architectural lighting is growing considerably in line with the increasing purchasing power, improving infrastructure, unabated growth in commercial building construction, and enhanced supply chain networks.
Various manufacturing facilities being established in the country are also creating robust opportunities for the adoption of architectural lighting. For instance, in July 2023, EMAG Group commenced the construction of a machinery plant at the San Isidro Business Park in Querétaro, Mexico.
The plant is being constructed in over 2,880 square meters of area, with additional office space occupying over 1,200 square meters of area. The establishment of such commercial and industrial establishments is expected to drive the demand for architectural lighting in Mexico.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into Mexico architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico architectural lighting market size, by component, 2018-2030 (US$M)
Mexico Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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