Architectural Led Products Market Size and Trends

Architectural LED Products Market By Product Type(Solar and Conventional) By End-use(Residential and Commercial) By Application(Cove Lighting, Backlight, In Ground, Wall washing and others) By Product Lifecycle (Obsolete Components, Active Components, New Product Development), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI3352

Pages :130

Formats :

Excel and PDF

Industry : Consumer Electronics

Architectural Led Products MarketSize and Trends

The global architectural LED products market accounted for US$ 10.6 Bn in 2023 and in 2030 the market is estimated to grow by US$ 23.6 Bn with a CAGR of 12.1% during the forecast year from 2023-2030.

The market for architectural LED products has witnessed significant growth in recent years. Factors contributing to this growth include increasing awareness of energy efficiency and sustainability, technological advancements in LED lighting, and the demand for innovative lighting solutions. Governments and organizations worldwide are implementing policies and regulations to promote the adoption of energy-efficient lighting, further driving the market growth.

Global Architectural LED Products Market-Trends

Outdoor Lighting and Urban Landscaping

Architectural LED products are being extensively utilized in outdoor lighting applications due to their numerous advantages. LED technology provides high-quality illumination, allowing for effective lighting of outdoor areas while showcasing architectural features and landscape elements. LED lights offer a wide range of color temperatures and lighting effects, enabling designers to create various moods and atmospheres to complement different outdoor settings.

Urban landscaping, which involves the planning and design of green spaces within urban environments, is also benefiting from the integration of architectural LED products. LED lighting solutions are being used to highlight landscape features, such as trees, pathways, water features, and sculptures, creating visually appealing focal points and enhancing the overall ambiance of the urban landscape.

Furthermore, LED technology offers energy efficiency and durability, making it well-suited for outdoor lighting applications. LED lights consume less energy compared to traditional lighting technologies, contributing to energy savings and reduced environmental impact. They also have a longer lifespan and can withstand outdoor conditions, including weather fluctuations and temperature extremes, ensuring reliable performance in outdoor environments. For Instance, The Sheikh Zayed Bridge in Abu Dhabi, United Arab Emirates, is an iconic architectural structure known for its striking design. In 2021, the bridge underwent a lighting renovation project that incorporated LED lighting solutions. The new lighting design aimed to enhance the bridge's visual impact at night while ensuring energy efficiency. LED fixtures were installed along the bridge's structure and landscape, creating a captivating lighting display that accentuated its architectural features.