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Ambient Lighting Market by Offering (Hardware, and Software & Services) & Type (Surface-Mounted Lights, Strip Lights, Track Lights, Recessed Lights, and Suspended Lights) - Global Forecast to 2023 - Research and MarketsThe "Ambient Lighting Market by Offering (Hardware, and Software & Services), Type (Surface-Mounted Lights, Strip Lights, Track Lights, Recessed Lights, and Suspended Lights), End User, and Region - Global Forecast to 2023" report has been added to Research and Markets' offering. The ambient lighting market is expected to grow from USD 46.48 billion in 2016 to USD 96.09 billion by 2023, at a CAGR of 10.71% between 2017 and 2023. The growth of this market can be attributed to the increasing awareness about energy-efficient lighting system, modernization of infrastructure, and decreasing costs of light sources such as LEDs. However, the lack of awareness about the payback period of lamps and high replacement costs to switch from traditional to ambient lighting are restraining the growth of the market. Hardware pertaining to ambient lighting products includes lamps and luminaires and lighting control. The presence of a large number of companies that offer ambient lighting products forinfrastructure projects is driving the growth of the ambient lighting market for hardware. The market is expected to grow at a high rate between 2017 and 2023. The increasing demand for automation and connected lighting is contributing to the growth of the market. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Ambient (News - Alert) Lighting Market, By Offering 8 Ambient Lighting Market, By Type 9 Ambient Lighting Market, By End User 10 Geographic Analysis 11 Competitive Landscape 12 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/ggxfxb/ambient_lighting
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