Interior Lighting Market Expected to Reach $130.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Interior Lighting Market," The interior lighting market was valued at $79.5 billion in 2022, and is estimated to reach $130.3 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032. 

Interior lighting plays a crucial role in enhancing the aesthetics and functionality of a space. It encompasses various lighting fixtures, techniques, and designs used to illuminate the interiors of residential, commercial, and public buildings. It also serves to create ambiance, highlight architectural features, and contribute to the overall design scheme of a space. Interior lighting provides overall illumination to a room. It ensures that the space is adequately lit and serves as the foundation for other lighting layers.

Ambient lighting forms the basis of a room's light structure, with strong ceiling lights suitable for high visibility needs such as in bathrooms, while recessed spotlights bring even, balanced light to larger work areas, like kitchens. Accent lighting adds depth and drama to a space while highlighting features such as decorative walls, walkways, and seating, and task lighting is required for more specific work without straining eyes, like desk lamps or reading lamps.

Architonic is a platform that offers high-quality designer interior lighting from international manufacturers. It provides detailed information on product specifications and design. General or ambient lighting is intended to light up a room.  Different types of fixtures that can provide general ambient indoor lighting include chandeliers, ceiling-mounted fixtures, wall-mounted fixtures, traditional recessed fixtures and/or LED downlights, track lights, floor lamps, and table lamps.

Accent lighting is used to highlight specific objects, architectural features, or artwork. It adds depth and visual interest to a space by creating focal points. It is used to add depth and visual interest to a space by creating focal points. Common types of accent lights include wall sconces, floodlights, recessed lights, torchère lamps, or track lighting. Accent lights may also be used in practical applications to shine light on a stairway or to light walkways. Accent lighting can also be used outdoors as guides for pathways or to spotlight garden art. Accent lighting is essential in illuminating and bringing visual interest to dark corners and shadowy spots, and drawing further attention.

Smart homes and IoT integration is expected to provide sufficient development prospects for the interior lighting market in future years. Smart home technology, particularly interior lighting, has made significant advancements with the developments in Internet of Things (IoT). IoT-powered lighting systems offer convenience and energy efficiency. Heliospectra's recent introduction of MITRA Flex, a flexible far-red light for smart homes, allows for specialized applications like far-red light treatments to ensure healthy crops year-round.

Smart bulbs enable remote control via smartphones or voice commands, offering personalized lighting settings, adjustable brightness, and color temperature for different moods and ambiance. IoT connectivity also allows for color-changing capabilities, empowering homeowners to create dynamic lighting scenarios and experiment with various effects to suit their preferences and needs. The abovementioned factors have a significant impact on the interior lighting market forecast.

By type, the accent lighting was the fastest growing segment in the interior lighting market in 2022. Accent lighting is typically utilized to give visual appeal, depth, and perspective, as well as to highlight architectural details or ornamental components. It is frequently used to highlight focus points such as artwork, sculptures, display shelves, or architectural details such as columns or textured walls. It improves the overall mood of a room by adding drama or refinement by producing highlights and shadows.

Accent lighting fixtures are available in a variety of styles in the interior lighting industry, including recessed lights, track lights, wall-mounted fixtures, spotlights, picture lights, and LED strips. These fixtures can be adjusted or directed to precisely illuminate certain locations. The application of accent lighting products in residential and commercial building with have certain impact on the interior lighting market growth.

By product, the wall lights fastest growing segment the interior lighting market in terms of revenue in 2022. A wall light is a type of lighting fixture that is designed to be hung on the wall. It is often utilized to provide useful and ornamental lighting in both residential and business environments.

Wall lights, also known as sconces or wall-mounted lamps, are available in a variety of types, patterns, and sizes to accommodate diverse interior design preferences. They are usually set at a height that provides adequate illumination and visual appeal. Ambient lighting, task lighting, and accent lighting are all examples of how wall lights can be used. One of the most frequent varieties, wall sconces, provide variety with options such as uplights, downlights, and adjustable sconces for diverse lighting effects.

By lighting effect, the spotlighting fastest growing segment the interior lighting market in terms of revenue in 2022. Spotlighting is a technique that includes focusing a concentrated beam of light on a specified region or object within a place. It produces a powerful, direct illumination that highlights and draws attention to the subject being lit.

Spotlighting is accomplished by utilizing specialized light fixtures known as spotlights or spotlights, which are designed to produce a narrow, controlled beam of light. These fixtures typically consist of a lamp or bulb encased in a housing with reflectors that help guide the light in a focused manner. The housing may also have adjustable elements such as a swivel or tilt mechanism, allowing the light to be precisely focused at the intended target.

The interior lighting market analysis regarding growth is majorly attributable to its wide applications in various industries such as residential, commercial, and others. Moreover, increase in construction and infrastructure development is expected to drive market growth during the interior lightig market forecast period. However, high initial costs are projected to hinder the expansion of the market. On the contrary, smart homes and IoT integration is expected to offer interior lighting market opportunities for growth.

The interior lighting is segmented into type, product, lighting effect, end-use industry and regions. On the basis of type, the market is divided into general lighting, ambient lighting, task lighting, mood lighting, and accent lighting. On the basis of product, the market is classified into decorative lamps, ceiling lights, pendant lights, chandeliers, wall lights, clamp lights, spots and spotlights, step lights, track lights, recessed and surface-mounted lights, and others.

On the basis of lighting effect, the market is categorized into downlighting, uplighting, wall washing, wall grazing, spotlighting, perimeter lighting, and others. On the basis of end-use industry, the market is divided into residential, commercial, and others. Region-wise the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the interior lighting market include Jaquar Group., Wipro Lighting, Kichler lighting, Trilux GmbH and co. kg, Est Lights, WLS Lighting Systems, Inc., Lena Lighting S.A., Karice Lighting, Russell Lighting, and ERCO GmbH. These players have adopted several strategies to drive market growth.

Key findings of the study:

• By type, the ambient lighting segment was the highest revenue contributor to the market in 2022.
• By product type, the ceiling lights segment was more than one-fifth of the global interior lighting market share in 2022.
• By lighting effect, the downlighting segment was more than 35% of the global interior lighting market share in 2022.
• By end-use industry, the residential segment was two-third of the global revenue contributor to the market in 2022.
• Region wise, Asia-Pacific was the dominating market in 2022, with more than 35% of the global interior lighting market share in 2022.