Architectural LED lighting Products Market Introduction
The LED (Light-emitting diode) lighting products used for the decorative purpose are known as architectural LED lighting products. These lighting products can be both decorative and functional and can be applied both indoor and outdoor.
The shift in end user’s preference towards luxurious lifestyle is expected to accelerate the demand for architectural LED lighting products. Additionally, government offices and monuments are also rapidly deploying architectural LEDs luminaries and lamps as a part of their respective smart city initiatives. Moreover, government regulations against usage of incandescent lamps, decreasing the cost of LED lighting products and long-life span are some of the other crucial factors that are projected to accelerate the growth of architectural LED lighting products market during the forecast period.
Architectural LED lighting products manufacturers and providers are focused towards entering into strategic partnership with online retailers to expand the availability of architectural LED lighting products and to increase their online visibility.
Architectural LED lighting products market has been segmented into product type, end user, and application. On the basis of product type, the overall architectural LED lighting products market has been segmented into solar and conventional. The conventional segmented has been further sub-segmented into lamp, and strip & linear. Application wise, the architectural LED lighting products market has been segmented into cove lighting, backlight, in-ground, wall washing, and others. End user in the global architectural LED lighting products market includes residential and commercial. The commercial segment has been further sub-segmented into media & entertainment sector, healthcare sector, retail sector, IT & telecom sector, BFSI sector, and others.
Key regions covered in the architectural LED lighting products market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA). Of these regions, Asia Pacific dominated the market with the largest revenue share of the overall architectural LED lighting product market revenue in 2021. In addition, the architectural LED lighting products market in Asia Pacific is expected to grow at a healthy CAGR during the forecast period.
Architectural LED lighting Products Market Competitive Landscape
Key players operating in the global architectural LED lighting products market concentrates on introducing innovative architectural LED lighting products through heavy investment in research and development activities to increase their customer base and outperform competitors. Major players analyzed in the global architectural LED lighting products market include Galaxia Electronics Co. Ltd., Samsung Electronics Co. Ltd., OSRAM Licht AG, Cree Inc., Eaton Corporation, GE Lighting LLC, Epistar Corporation, Toshiba Lighting & Technology Corporation, and Verbatim Ltd.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on architectural LED lighting products market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.