Architectural LED Product Market

Architectural LED Product Market Study by Solar and Conventional for Cove Lighting, Wall Washers, In-Ground, and Backlights from 2024 to 2034

Analysis of Architectural LED Product Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Architectural LED Product Market Outlook (2024 to 2034)

The global architectural LED product market has been analyzed to reach a size of US$ 14.9 billion in 2024 and climb to US$ 43.1 billion by the end of 2034, expanding at a CAGR of 11.2% over the next ten years (2024 to 2034).

This market involves the creation, production, and distribution of LED lighting solutions specially suited for architectural applications. Architectural LED products are used to brighten and improve the visual attractiveness of a variety of indoor and outdoor settings, such as public areas, urban landscapes, offices, retail spaces, hotels, residential structures, and commercial complexes. Also, their usage in the automotive industry is increasing significantly.

Architectural lighting is considered energy efficient and sustainable, utilizing technologies such as LED lighting and smart controls to minimize environmental impact. By carefully designing and implementing lighting schemes, architects can transform a space into a visually stunning and functional environment that meets the needs of its users.

Key Market Growth Drivers

  • Energy efficiency and sustainability are becoming more and more important in the construction sector, and LED lighting solutions provide substantial energy savings over conventional lighting systems.
  • Because architectural LED products are simple to incorporate into smart lighting systems, the demand for them is being driven by the growing use of these systems in construction projects.
  • LED lighting needs quite less energy than conventional lighting sources, which is why it is widely used in various industries. They are primarily adopted by the commercial, industrial, and residential sectors.
  • LED lights produce lower carbon emissions and require low power consumption, which reduces the cost of electricity.
  • Sensors that help control lighting usage and save energy and money are highly compatible with architectural lighting.
  • Innovative and adaptable architectural LED solutions designed to enhance a building's aesthetics and uniqueness are in greater demand. Manufacturers are coming up with new forms and ideas to meet the various demands of designers, architects, and building owners.
  • The architectural LED product market size is projected to expand at a significant pace as smart and connected lights in buildings become increasingly sought-after.
  • Integration with IoT (the Internet of Things) technology enables energy efficiency and dynamic lighting schemes, along with offering comprehensive control and automation functionalities.
  • Extended lifespan and minimal maintenance needs of LED lights, which save money on operating expenses for building owners, are the main reasons for the transition towards LED technology.
  • Versatility and controllability of these devices, such as color-changing and dimming choices, contribute to their popularity in architectural applications.
Report Attributes Details
Architectural LED Product Market Size (2024E) US$ 14.9 Billion
Forecasted Market Value (2034F) US$ 43.1 Billion
Global Market Growth Rate (2024 to 2034) 11.2% CAGR
North America Market Value (2034F) US$ 12 Billion
East Asia Market Value (2034F) US$ 8.7 Billion
Market Share of Solar Architectural LED Products (2024E) 75.2%
Sales of Commercial Architectural LED Products (2034F) US$ 27 Billion
Key Companies Profiled
  • Samsung Electronics
  • Signify N.V.
  • Verbatim Limited
  • Epistar Corporation
  • GE Lighting LLC
  • Cree, Inc.
  • Zumtobe; Group AG
  • Galaxia Electronics Company
  • Acuity Brands, Inc.
  • Hubbell Incorporated
  • Eaton Corporation (Cooper Industries LLC)
  • Toshiba Lighting and Technology Corporation

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Which Architectural LED Product Market Trends are Increasing the Profits of Manufacturers?

“Energy Efficiency of LED Lights Driving Their Usage”

The market for LED lighting products designed for architectural use is growing owing to the energy efficiency of LEDs. In comparison to conventional lighting technologies, LEDs use less energy while providing lighting that is equal or superior in quality. This efficiency makes LEDs attractive to environmentally aware consumers and companies looking to cut energy expenses and carbon emissions. Consequently, architectural LED products are being chosen more frequently for their capacity to provide sustainable lighting solutions without sacrificing quality or performance.

“Enhanced Longevity and Durability Compared to Traditional Lighting”

Due to their energy-efficient qualities, architectural LED products are becoming more and more popular as awareness of sustainability and energy conservation grows. Because LED lighting uses quite less energy than conventional lighting sources, it is more widely used in the commercial, industrial, and residential sectors. This is because LED lighting produces less carbon emissions and lowers power prices.

“Lower Utility Costs and Reduced Maintenance Expenses Associated with LED Lighting”

Even though LED lighting initially costs more than traditional lighting, the long-term savings exceed the initial investment. Over time, lower utility costs might be a result of LEDs using less power. Moreover, their extended life cycle minimizes the need for recurrent swaps, lowering maintenance fees. This cost-efficiency makes LEDs a prudent investment for homes, businesses, and factories, providing considerable savings over time while also promoting energy efficiency and sustainability. The high initial LED investment pays off in the long run through energy and replacement savings.

What Issues Can Affect Architectural LED Product Market Growth?

“Market Fragmentation Leading to Choice Fatigue and Uncertainty among Consumers”

Market fragmentation is the result of multiple manufacturers, suppliers, and distributors offering a diverse range of goods and services. This diversity presents difficulties for both customers and companies, even while it spurs innovation and provides consumers with a wide range of options. Market fragmentation can increase competition for businesses, which will reduce prices and profits.

It is difficult for businesses to set themselves apart from the competition and create a special value proposition when there are so many of them. This might lead to aggressive marketing strategies and a preference for pricing above product innovation or quality.

Market fragmentation can lead to uncertainty and choice fatigue for consumers. It might be challenging for customers to assess items intelligently and make wise decisions when there are so many alternatives accessible. Delays in making selections about what to buy or displeasure with selected items might result from this.

“Compatibility Issues in Old Buildings or Structures”

When retrofitting existing lighting fixtures with LED technology or incorporating LED lighting systems into older buildings, integration challenges can emerge. These difficulties stem from variances in infrastructure, control mechanisms, or dimming protocols between conventional lighting and LEDs. Addressing compatibility matters to guarantee smooth integration with legacy systems frequently necessitates extra time, resources, and capital, potentially complicating the shift to LED lighting solutions.

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Country-wise Insights

Why are Architectural LED Products Widely Used in the United States?

“Growing Demand for Budget-Friendly Lighting Options for Decoration Purposes”

Attribute United States
Market Value (2024E) US$ 2.5 Billion
Growth Rate (2024 to 2034) 11.7% CAGR
Projected Value (2034F) US$ 7.6 Billion

Architectural LED lights are widely used in the United States as they enhance the beauty of buildings or any other structures. Many consumers in the country desire products that can be used as decorations to enhance the beauty of their houses. LED products not only enhance beauty but are also cost-effective, which makes them the preferred choice specifically for budget-conscious individuals.

Why are Architectural LED Product Manufacturers Thriving in China?

“Strong Manufacturing Base and Availability of Low-Cost Labor”

Attribute China
Market Value (2024E) US$ 1.4 Billion
Growth Rate (2024 to 2034) 11.3% CAGR
Projected Value (2034F) US$ 4.1 Billion

China accounts for 47.2% of the architectural LED product market share in the East Asia region. Due to the vast manufacturing base and low-cost labor, producers from various countries choose China to manufacture architectural LED products. LED lighting is cost-effective, long-lasting, and effectively enhances aesthetics wherever they is applied, as compared to traditional lighting products.

Category-wise Insights

Why are Solar Architectural LED Products Being Widely Adopted?

“Stringent Regulations Governing Carbon Emissions”

Attribute Solar Architectural LED Products
Market Value (2024E) US$ 11.2 Billion
Growth Rate (2024 to 2034) 11.4% CAGR
Projected Value (2034F) US$ 32.9 Billion

Precise carbon emission laws and government policies that encourage the use of renewable energy sources are the main reasons behind the expansion of the market. Additionally, several nations are working to employ more renewable energy sources, such as sunlight and wind.

The goal is to reduce the carbon footprint, which is increasing due to the usage of non-renewable energy sources. The regulations must therefore be adhered to more strictly. Other factors influencing market expansion include a rise in the usage of renewable energy for lighting and increasing demand from developing countries.

Which End User Accounts for High Sales of LED Products?

“Commercial Segment Occupying Leading Market Share Due to High Need for Extensive Lighting Setups”

Attribute Commercial Architectural LED Products
Market Value (2024E) US$ 9 Billion
Growth Rate (2024 to 2034) 11.1% CAGR
Projected Value (2034F) US$ 27 Billion

Commercial establishments such as offices, retail stores, and manufacturing units almost always need extensive lighting to ensure adequate illumination. Commercial spaces account for higher energy consumption compared to residential settings due to longer hours of operation. The energy efficiency of LED lighting entails substantial savings on electricity bills for commercial establishments.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Key players in the architectural LED product industry are Samsung Electronics, Signify N.V., Verbatim Limited, Epistar Corporation, GE Lighting LLC, Cree, Inc., Zumtobe; Group AG, Galaxia Electronics Company, Acuity Brands, Inc., Hubbell Incorporated, Eaton Corporation (Cooper Industries LLC), and Toshiba Lighting and Technology Corporation.

  • In March 2024, with the introduction of Luminous vinyl flooring at the retail lighting trade show at Euroshop 2017, Philips Lighting and global flooring manufacturer Tarkett announced their third partnership.
  • In March 2024, Pranav Aggarwal, the Director of Ledure Lightings Limited, announced innovative architectural lighting solutions tailored specifically for luxurious residences.
  • In November 2023, Acuity Brands won the Product Innovation Award from Architectural SSL Magazine for twelve lighting solutions.
  • In June 2023, PureEdge Lighting introduced architectural lighting and controls with Pure SmartTM technology.
  • In April 2023, the Diamond DotTM Programmable LED Architectural Lighting System was introduced by Mitsubishi Electric Power Products Inc. (MEPPI).
  • In October 2020, ILight Technologies, an LED manufacturer, was acquired by Luminii.

Segmentation of Architectural LED Product Market Research

  • By Product Type :

    • Solar Architectural LED Products
    • Conventional Architectural LED Products
      • Strips & Linear
      • Lamps
  • By End User :

    • Residential Architectural LED Products
    • Commercial Architectural LED Products
      • Retail
      • IT & Telecommunications
      • Banking, Financial Services & Insurance (BFSI)
      • Media & Entertainment
      • Healthcare
  • By Application :

    • Cove Lighting
    • Wall Washers
    • In-Ground
    • Backlights
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the size of the architectural LED product market?

The global market for architectural LED products is projected to reach US$ 14.9 billion in 2024.

What is the projected size of the architectural LED product market for 2034?

Worldwide sales of architectural LED lighting are projected to reach US$ 43.1 billion by 2034-end.

How fast is the adoption of architectural LED products increasing?

Global architectural LED product industry revenue is projected to rise at a CAGR of 11.2%.

Which architectural LED product is in high demand?

Sales of solar architectural LED products are estimated to reach US$ 11.2 billion in 2024.

What is the future of the architectural LED product market in Mexico?

The Mexico market is estimated to reach US$ 500 million in 2024 and increase to US$ 1.4 billion by 2034-end.

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