Ambient Lighting: Illuminating a Booming Market
The ambient lighting market is estimated to be USD 58.0 billion in 2020 and is projected to reach USD 88.3 billion by 2025, at a CAGR of 8.8%. Ambient lighting , the foundation for creating atmosphere and functionality in any space, is a rapidly growing market driven by innovation and consumer interest. This sector encompasses a vast array of lighting solutions that set the overall illumination level within a room or environment. Why is the Ambient Lighting Market Booming? Several key factors are contributing to the surge in demand for ambient lighting: Evolving Consumer Preferences: People are increasingly prioritizing well-being and a comfortable living environment. Ambient lighting that allows for customization and caters to different moods and activities is highly sought after. Technological Advancements: The rise of LED technology has revolutionized ambient lighting. LEDs offer energy efficiency, a wider color spectrum, and longer lifespans, making them a popular choice for cons...