USD 27.14 billion Deviation in Ambient Lighting Market Growth

The rapid population growth and urbanization have raised the demand for ambient lighting. The growth of the global ambient lighting market will be driven by strong demand for ambient lighting products from new construction activities, increased residential usage, and declining LED prices.

Rising consumer awareness of the cost-effectiveness and environment-friendly nature of LED lights has boosted their volume sales in both the residential and commercial sectors.

The adoption of LED A-type lights has led to the growth of residential illumination applications, which will drive market growth in the coming years.

Lighting system manufacturers are concentrating on the development of open protocol devices. US-based Zhaga Consortium is one of the pioneers of LED lighting standardization.

Owing to the lack of comprehensive coordination among suppliers of various parts and components, manufacturers of LED modules cannot profit from economies of scale, and designers and manufacturers of fixtures cannot develop their products efficiently.