Ambient Lighting Market worth $88.3 billion by 2025

According to a new market research report the Ambient Lighting Market is estimated to be USD 58.0 billion in 2020 and projected to reach USD 88.3 billion by 2025, at a CAGR of 8.8%.

The rapid growth of the global ambient lighting market is attributed to the factors such as Surging demand for ambient lighting products due to modernization of infrastructure and upcoming smart city projects in developing economies, government initiatives and policies for energy savings, increasing consumer preferences for better interior designing with energy-efficient lighting systems, and rising preference for smart lighting.

The hardware segment comprises lamps & luminaires, and control systems. Lights and bulbs are of different types based on various technologies used for lumens production and are distinguished by the intensity of illumination they produce.