How can Energy Efficiency be achieved using Ambient Lighting Solutions?

1. How can Energy Efficiency be achieved using Ambient Lighting Solutions? The need for energy efficiency has risen significantly since the past few years. As the usage of fossil fuels for generating energy has had severe impacts on the environment, the focus on energy-efficient solutions has increased all across the globe. Owing to this, the adoption of energy-efficient lighting solutions has grown considerably. Furthermore, governments of several countries have also started implementing regulations for encouraging the utilization of energy-efficient lighting solutions. Get https://www.psmarketresearch.com/market-analysis/ambient-lighting-market-report /report-sample the Sample Copy of this Report @ Because of this, the adoption of LEDs is increasing swiftly, which, in turn, is driving the ambient lighting market. The use of smart lighting solutions is also a major factor leading to the growth of the market. Smart lighting solutions and energy efficiency almost go hand in hand, which is why, the adoption of energy efficient lighting solutions has also paved the way for the adoption of smart lighting solutions. Owing to these factors, the adoption of LED lighting solutions has increased rapidly in the residential sector. “Decline in the Price of LED lighting and Focus on Energy-Efficient Lighting Solutions Are Fueling the Market Demand for Ambient Lighting” In addition to this, the emergence of the Industry 4.0 and growing penetration of IoT in home solutions these days is also leading to the growing demand for smart ambient

2. lighting solutions. Since energy conservation and connected domestic devices have become an important aspect of lifestyle these days, due to which, manufacturers are introducing solutions which utilize latest technologies for enhancing performance, functionality, and aesthetics. The global ​ambient lighting market is expected to generate a revenue of $156.5 billion by 2030, increasing from $60.8 billion in 2019, advancing at a 9.2% CAGR during the forecast period (2020–2030). On the basis of type, the market is divided into surface-mounted lights, suspended lights, strip lights, recessed lights, and track lights. The recessed lights division held the major share of the market in 2019. These lights can be utilized for an extensive range of settings, such as commercial and residential. Recessed lights further improve the quality of lighting and provide better feel and look to the space. “Strict Regulatory Policies Related to Energy Efficiency Are Driving the Ambient Lighting Market ” In terms of end user, the market is categorized into automotive, residential, corporate, industrial, healthcare, and hospitality & retail, out of which, the automotive category is predicted to register the faster growth during the forecast period. The adoption of interior lighting solutions in vehicles has risen significantly, along with which, the production of vehicles has grown substantially as well, thereby driving the demand for ambient lighting solutions in the automotive industry. Make https://www.psmarketresearch.com/send-enquiry?enquiry-url=ambient-lighting-ma rket-report Enquiry Before Purchase @

3. The Asia-Pacific (APAC) region dominated the ambient lighting market in 2019, and the region is further predicted to account for the largest share of the market during the forecast period, as per a report by P&S Intelligence. The adoption of ambient lighting is increasing the commercial and residential in APAC, owing to the increasing disposable income, rising population, and expanding IT market. Within the region, India is predicted advance at the fastest pace. In conclusion, the increasing focus on energy efficiency and stringent government regulations are resulting in the growth of the market.