According to the research report titled ‘Global Ambient Lighting Market Size study, by Offering (Hardware, Software & Services), Type (Surface-mounted, Strip Lights, Track Lights, Recessed Lights), End- Users (Residential, Industrial, Office Buildings) and Regional Forecasts 2020-2027‘, available with Market Study Report, global ambient lighting market accounted for USD 53 billion in 2019 and is predicted to witness a CAGR of 9% during 2020-2027.
 

Rising awareness about energy-efficient lighting solutions and strict government norms for implementation of green lightings across the UK, the US, Germany, and China are positively influencing the growth of global ambient lighting market. Several benefits such as low maintenance, reduced operational cost along with higher flexibility are boosting the demand for ambient lighting.
 

For the record, ambient lightings give a satisfying level of brightness without any glare aiding visibility of the environment. Rising demand of ambient lights mainly due to surging infrastructure development activities propels the market growth.
 

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Moreover, the development of smart cities and rising construction projects are also accelerating the industry expansion. According to GovInsider, 1000 smart city pilot projects are proceeding worldwide, out of which 500 projects are based in China. While, as per India Smart Grid Forum, the government is targeting 99 cities under Smart Cities Mission.
 

However, high cost of replacing traditional lightings and large investments in manufacturing are the major factors that are expected to hamper the global ambient lighting market growth during the forecast period.
 

Based on end-user scope, global ambient lighting industry is segmented into office buildings, residential, and industrial. With regards to type, the industry is bifurcated into surface-mounted, recessed lights, track lights, and strip lights. As per offering, the industry is segmented into hardware, services, and software.
 

From regional perspective, worldwide ambient lighting market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. Asia Pacific market is projected to register robust growth rate over 2020-2027, mainly due to rising modernization in infrastructure and adoption of smart lights in the region. Improving disposable income of individuals and increasing smart city projects are also propelling APAC market growth.
 

Major players operating in global ambient lighting market include Acuity Brands Inc., Dialight PLC, Wipro Enterprises (P) Ltd., OSRAM Licht AG, GE Lighting, Hubbell Lighting Inc., Zumtobel Group AG, Signify N.V., Helvar Merca Oy Ab, and Hafele Group.