A functional blend of art and technology is referred to as architectural lighting where light meets architecture. Used in both commercial and residential spaces quite extensively, it is gaining popularity for a variety of reasons – a major being integration of function with design in terms of lighting. Light is created and integrated in playful and sometimes somber ways bring out a coordinated impact in the space. This not just leads to a notable spatial arrangement with optimization of required experience but also builds mood and texture.
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As demand for spaces that are well-lit and create positive moods for people – in office, at homes, or otherwise – increases, growth curve of the global architectural lighting market would get steeper and higher. A host of benefits that accrue due to such lighting is also paving way for future growth in the market. These include cost effectiveness, reliability, longer lifespan and adjustable illumination power. These are being considered in planning and modernization of cities to enable netter lighting of parking lots, corridors, stairs, walls and rooms of civic buildings.
Some of the well renowned and well received players in the global architectural lighting market are Technical Consumer Products, Inc., Zumtobel Group AG, Technical Consumer Products, Inc., Acuity Brands Lighting Inc., Siteco GmbH, and Hubbell Incorporated, among others. Players are bringing in new product lines to diversify portfolio and carve off a higher market share. The vendor landscape is quite fragmented and the degree of competition quite high.
Regionally, Europe is set to be a leading regional market owing to increasing call for energy-efficient solutions in lighting. Additionally, growing awareness regarding the many benefits of architectural lighting is also set to drive growth in the market. Furthermore, it is interesting to note that the region is already marked by a number of green buildings – modern and energy efficient – and the number of such buildings is expected to rise over the forecast period.
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