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Interior Lighting Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Product, by Lighting Effect, by End Use : Global Opportunity Analysis and Industry Forecast, 2024-2032

Interior Lighting Market Size, Share, Competitive Landscape and Trend Analysis...

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Interior Lighting Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Product, by Lighting Effect, by End Use : Global Opportunity Analysis and Industry Forecast, 2024-2032
Interior Lighting Market Size, Share,...
Report Code
RO6/128/1083

Publish Date
24/Jun/2024

Pages
200
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The global interior lighting market revenue was around US$ 83.5 billion in 2023 and is estimated to reach US$ 130.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2024 to 2032.
Interior lighting is essential for improving interior spaces' ambiance, usability, and beauty. The vibrant illumination of a large chandelier to the soft glow of a bedside lamp are examples of the various fixtures and techniques that make up lighting design. Lighting satisfies several useful interior design needs. The main goals of lighting are to ensure that a space has enough light and that each area is properly lit for the purpose for which it is intended. This is achieved through proper lighting design. Sufficient lighting guarantees safety, visibility, and efficiency during everyday tasks, whereas thoughtful lighting designs accentuate architectural elements, set certain moods, and affect the mental health of occupants.
Factors Influencing Market Growth
- Technological advancements such as smart lighting and integration with other smart devices drive the growth of the interior lighting market.
- A surge in construction activities, infrastructure development, and urbanization worldwide is rising the demand for adaptable and bespoke LED lighting solution. This is propelling market growth.
- Government programs that support sustainability and energy efficiency are also very important in encouraging the use of interior lighting solutions. This is increasing the demand for interior lighting solutions, thus expanding the market.
- The high initial cost of LED lighting may hinder market growth.
Impact of COVID-19

COVID-19 impacted the market negatively at first, but later positively. Disruptions in the global supply chain delayed production and delivery, leading to a shortage of supplies and delays in projects. The overall market demand declined as a result of the declining demand for commercial projects and the shift in consumer behavior toward home improvement. However, during the pandemic, people became more interested in lighting solutions that support wellness, like tunable white and circadian lighting systems, because of the increased focus on health and wellbeing. Additionally, there was a continued emphasis on energy efficiency, and the market benefited from the continued popularity of LED lighting. Additionally, COVID-19 sped up the industry's digital transformation by making online marketing and virtual meetings commonplace. The residential sector saw a rise in demand during this time, while the commercial sector suffered.
Regional Insights
The Asia-Pacific region dominated the market in 2023. This is a result of the region's rapid infrastructural development and urbanization. With an average annual urbanization rate of 3%, East Asia and the Pacific are the regions in the world that are urbanizing the fastest, according to the World Bank. Since efficient and aesthetically pleasing lighting is necessary for new residential, commercial, and public infrastructure projects to improve interior environments, interior lighting solutions are in high demand. In the Indian market, LED lighting is becoming more and more popular. Government energy-efficiency programs like the Unnat Jyoti by Affordable LEDs for All (UJALA) plan have substantially aided the use of LED lighting. Because LED lighting is more affordable, longer-lasting, and more energy-efficient than traditional lighting options, it has become widely used in the market.
Leading Competitors
- ERCO GmbH
- Karice Lighting
- Trilux Gmbh
- Lena Lighting S.A.
- Jaquar Group.
- Kichler Lighting, LLC
- Wipro Lighting
- WLS Lighting Systems, Inc.
- Russell Lighting
- Est Lights
- Other Prominent Players

Segmentation Analysis
The global interior lighting market segmentation focuses on lighting effect, end-use, type, product, and region.
Segmentation based on Lighting Effect
- Downlighting
- Uplighting
- Wall Washing
- Wall Grazing
- Spotlighting
- Perimeter Lighting
- Others

Segmentation based on End Use
- Residential
- Commercial
- Hospitality and Retail
- Healthcare
- Offices and Enterprise
- Others

Segmentation based on Type
- General Lighting
- Ambient Lighting
- Task Lighting
- Mood Lighting
- Accent Lighting

Segmentation based on Product
- Decorative Lamps
- Floor Lamps
- Desk Lamps
- Table Lamps
- Ceiling Lights
- Pendant Lights
- Chandeliers
- Wall Lights
- Clamp Lights
- Spots and Spotlights
- Step Lights
- Track Lights
- Recessed and Surface-Mounted Lights
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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