Global Architectural Lighting Market Set to Reach $15.98 Billion by 2030, Driven by Rising Demand for Innovative Lighting Solutions - ResearchAndMarkets.com
The global architectural lighting market size is estimated to reach USD 15.98 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030.
- The global architectural lighting market size is estimated to reach USD 15.98 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030.
- For instance, in July 2023, architectural lighting solution developer MARK Architectural Lighting launched a new lighting family, MAGELLAN, featuring circular, large-format architectural luminaires.
- Smart lighting solutions integrated with IoT sensors can typically facilitate remote operation and energy conservation.
- LED architectural lighting has emerged as the most popular architectural lighting solution owing to the benefits, such as extended lifespan, reduced energy consumption, and lower maintenance requirements, associated with it.