How is Increasing Construction Activities in Asia-Pacific Driving Demand for Ambient Lighting Solutions?
These days, making use of energy-efficient lighting solutions has become incredibly important and is being emphasized upon in residential as well as commercial sectors. Other than utilizing less energy, these lighting systems also offer cost benefits to the user. For example, model energy codes for commercial and residential buildings are predicted to save about $126 billion and decrease approximately 841 million metric tonnes of carbon dioxide emissions. Owing to such advantages, a large number of people and organizations are making use of energy lighting solutions. These factors are further leading to the high demand for energy-efficient ambient lighting solutions.
Also known as general lighting, ambient lighting is the primary source of lighting for a room and enhances the sense of depth and warmth of a room. According to a P&S Intelligence report, the global ambient lighting market is projected to reach a value of $156.5 billion by 2030, increasing from $60.8 billion in 2019, and is predicted to progress at a 9.2% CAGR during the forecast period (2020–2030). Hardware and software & services are the two major offerings of ambient lighting solutions. Lighting controls, including relay units, sensors, and switches & dimmers, and lamps and luminaires, including light-emitting diodes (LED), incandescent, fluorescent, and halogen are the different hardware types.
Between these two, the demand for lamps and luminaires is predicted to be higher in the coming years, as these fittings are crucial elements of ambient lighting systems. The adoption of LED lamps and luminaires is particularly going to be high on account of the increasing focus on energy-efficiency. Apart from this, the demand for services and software is also projected to rise significantly in the near future, which can be owing to the surging requirement for software to control lighting in different settings. Lighting control software provides innovative functionality, such as the adjustment of color and brightness.
There are various types of ambient lighting, including surface-mounted lights, suspended lights, strip lights, recessed lights, and track lights, out of which, the demand for recessed lights was the highest in the past. These lights are utilized in an extensive range of settings, including commercial and residential, and improve the quality of lighting, thereby providing better look to the space. The key end users of ambient lighting solutions are automotive, residential, corporate, hospitality & retail, industrial, and healthcare, out of which, the automotive industry is expected to create significant demand for different ambient lighting solutions in the years to come.
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