Global Hospitality Lighting Market 2024-2030

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    HOSPITALITY LIGHTING MARKET

     

    KEY FINDINGS

    • The focus is being directed towards energy efficiency and sustainability of the economy is boosting up the utilization of LED lighting in the field of hospitality. LED lights gives great energy savings, longer lifespan and more reduction in maintenance costs which have them preferred for hotels ,restaurants and resorts. 
    • There is a growing trend in the hospitality sector in regard to how to design an aesthetic lighting which in turn will create atmosphere and totally experience of customers. Made-to-measure lighting choices, like time-changing coloration LEDs, decorative fixtures, and architectural lighting, are now in high-industry demand to create visually attractive spaces. 
    • Smart lighting systems with IoT (the Internet of Things) technology is fast becoming the popular choice all over the hospitality industry. Smart lighting solutions are now equipped with such features as remote monitoring and scheduling, which offer the kind of lighting schemes that staff can change depending on energy needs or hotel visitors’ preferences. 
    • Awareness about the impact of light on human health is driving the demand of use of circadian lighting, similarly the envisaged alternation in the intensity of the daylight with the purpose of influencing the internal clocks of the body, is on the rise in hotels and spas to help people to relax and achieve a good night’s sleep, will drive the market in future. 
    • As technology in hospitality lighting has a more precise aim for providing the guests with unique experiences, it is a trend worth following. Arranging dynamic lighting scenes, making it possible to modify color schemes, and offering mood lighting alternatives empowers hotels to match client passions and turn out refreshing lodging experiences for guests. 
    • The global hospitality lighting market will be led by North America during the forecast period. The reason for the higher growth rate is the presence of a well-established commercial real estate market in the leading nations of Canada and the US. The latter is the world’s most dominating country in terms of global power across industries. 
    • Asia-Pacific is a fast-growing region primarily driven by countries such as China, Singapore, India, Japan, and South Korea. China is a leading nation in terms of hospitality lighting solutions provider to consumers within the country as well as across international borders. 

     

    HOSPITALITY LIGHTING MARKET OVERVIEW

    The global hospitality lighting market is substantial and growing steadily. It encompasses a wide range of establishments including hotels, resorts, restaurants, casinos, and entertainment venues. The market is driven by factors such as urbanization, increasing tourism, and a growing focus on enhancing guest experiences. 

     

    The market can be segmented based on various factors including lighting type (such as LED, fluorescent, incandescent), application (interior lighting, exterior lighting, landscape lighting), and end-user (hotels, restaurants, resorts, casinos, etc.). LED lighting is increasingly dominant due to its energy efficiency, long lifespan, and versatility. 

     

    Hospitality establishments are increasingly focusing on lighting design to create unique ambiance and enhance guest experiences. This includes the use of dynamic lighting, decorative fixtures, architectural lighting, and color-changing LEDs to create visually appealing spaces that reflect the brand identity and cater to guest preferences. 

     

    HOSPITALITY LIGHTING MARKET SIZE

     

    There is a growing emphasis on energy efficiency and sustainability in the hospitality lighting market. LED lighting solutions are preferred for their energy-saving benefits, reduced maintenance costs, and environmental sustainability. Many hotels and resorts are investing in LED retrofit projects to improve efficiency and reduce carbon footprint. 

     

    Smart lighting systems are gaining popularity in the hospitality sector, offering advanced control capabilities and automation features. These systems enable remote monitoring, scheduling, and customization of lighting scenes, enhancing operational efficiency, and guest comfort. Integration with IoT technology allows for seamless connectivity and control. 

     

    INTRODUCTION

    Hospitality lighting refers to the lighting solutions and design strategies employed in various hospitality establishments such as hotels, resorts, restaurants, bars, casinos, and entertainment venues. Lighting plays a crucial role in creating ambiance, enhancing aesthetics, and shaping the overall guest experience in these environments. 

     

    The primary goal of hospitality lighting is to create welcoming and visually appealing spaces that cater to the needs and preferences of guests while also reflecting the brand identity and ambiance desired by the establishment. Lighting design in hospitality settings involves a careful balance of functional, aesthetic, and emotional considerations to create the desired atmosphere and ambiance. 

     

    Interior lighting design focuses on illuminating different areas within the establishment such as lobbies, reception areas, guest rooms, corridors, restaurants, and lounges. Various lighting fixtures, including chandeliers, pendants, sconces, and recessed lights, are used to create different lighting effects and moods. 

     

    Exterior lighting design is essential for creating a welcoming and inviting atmosphere for guests arriving at the establishment. Exterior lighting illuminates building facades, entrances, pathways, landscaping, and outdoor seating areas, enhancing safety and security while also highlighting architectural features and landscaping elements. 

     

    Landscape lighting enhances the visual appeal of outdoor spaces such as gardens, courtyards, and pool areas. It involves strategically placed fixtures to illuminate trees, plants, water features, and other landscape elements, creating depth, texture, and visual interest. 

     

    Specialty lighting includes decorative and themed lighting elements used to create unique ambiance and enhance the overall guest experience. This may include color-changing LEDs, decorative fixtures, theatrical lighting effects, and dynamic lighting scenes tailored to specific events or occasions. 

     

    Smart lighting systems integrate advanced control technologies and automation features to enhance operational efficiency and guest comfort. These systems allow remote monitoring, scheduling, and customization of lighting scenes, and integration with other building management systems for seamless control and energy management. 

     

    HOSPITALITY LIGHTING MARKET SIZE AND FORECAST

     

    HOSPITALITY LIGHTING MARKET SIZE

     

    The Global Hospitality Lighting Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

     

    HOSPITALITY LIGHTING MARKET TRENDS

    • LED Lighting: LED technology continues to dominate the hospitality lighting market due to its energy efficiency, long lifespan, and versatility. Hotels, restaurants, and resorts are increasingly transitioning to LED lighting solutions to reduce energy consumption, lower maintenance costs, and enhance sustainability. 
    • Smart Lighting Systems: The integration of smart lighting systems with IoT (Internet of Things) technology is a growing trend in the hospitality industry. Smart lighting solutions offer advanced control capabilities, including remote monitoring, scheduling, and dynamic lighting effects, enabling hoteliers to optimize energy usage, enhance guest comfort, and create personalized experiences. 
    • Aesthetic Lighting Design: There is a growing emphasis on aesthetic lighting design to create unique ambiance and enhance guest experiences in hospitality environments. Customized lighting solutions, including decorative fixtures, architectural lighting, and dynamic lighting effects, are in high demand to create visually appealing spaces that reflect the brand identity and cater to guest preferences. 
    • Wellness Lighting: The adoption of wellness-centric lighting solutions is gaining traction in the hospitality sector. Circadian lighting, which mimics the natural changes in daylight to regulate the body’s internal clock, is becoming increasingly popular in hotels, spas, and wellness resorts to promote relaxation, improve sleep quality, and enhance overall well-being. 

     

    HOSPITALITY LIGHTING MARKET NEW PRODUCT LAUNCH

    July 2022, Signify launched its Philips GreenPerform Perfectfit downlight, India’s first 3D-printed downlight for professional customers. This unique product is available in six size options to fit any existing ceiling cut-out, thereby offering a perfect fit and eliminating the need for any additional accessories or expensive renovation. 

     

    July 2021, Syska has launched two new LED lighting products, the T5 LED Batten-SSK-SQ2201 (PC-Polycarbonate) and Syska T5 LED Batten (AL-Aluminium)- SSK-SQ2201, in India at Rs 449 and Rs 549 respectively. The company believes that these LED lighting products will be used for professionals who are working from home by countering dim lighting. According to the company, these LEDs have been manufactured in India. 

     

    Oct 2022, LEDVANCE launched its NATURELOOP product range with recycled materials. IT IS 40 percent post-consumer recycled (PCR) plastics based on the plastic content of the product. Also, less CO2 is released during production compared to previous products. The first luminaires from the range are damp proof models as they mostly consist of plastics and thus offer the biggest opportunity for replacement with PCR materials.   

     

    HOSPITALITY LIGHTING MARKET SEGMENTATION

     

    By Lighting Type

    • LED Lighting 
    • Fluorescent Lighting 
    • Incandescent Lighting 

     

    By Application

    • Interior Lighting 
    • Exterior Lighting 
    • Landscape Lighting 

     

    By Geography

    • North America  
    • Europe  
    • Asia-Pacific  
    • ROW 

     

    By Technology

    • Traditional Lighting Fixtures 
    • LED Lighting Fixtures 
    • Smart Lighting Systems 

     

    HOSPITALITY LIGHTING MARKET COMPANY PROFILE

    • General Electric (GE) 
    • Signify (formerly Philips Lighting) 
    • Cree Inc. 
    • Osram Licht AG 
    • Zumtobel Group 
    • Acuity Brands 
    • Lutron Electronics 
    • Hubbell Lighting 
    • Havells Sylvania 
    • Eaton Corporation 

     

    HOSPITALITY LIGHTING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What are the current trends driving growth in the global hospitality lighting market? 
    2. How does the adoption of LED lighting impact energy consumption and sustainability in the hospitality industry? 
    3. What are the key considerations in selecting lighting fixtures for interior spaces in hotels and resorts? 
    4. How does lighting design influence guest experience and ambiance in hospitality establishments? 
    5. What role does smart lighting technology play in optimizing energy efficiency and enhancing guest comfort in hotels and restaurants? 
    6. How are hospitality establishments integrating lighting with architecture and interior design to create cohesive and visually appealing spaces? 
    7. What are the challenges and opportunities associated with retrofitting existing hospitality properties with energy-efficient lighting solutions? 
    8. How does lighting design differ for different areas within hospitality establishments, such as lobbies, guest rooms, restaurants, and outdoor spaces? 
    9. What are the emerging trends in outdoor and landscape lighting for hospitality environments? 
    10. How are lighting manufacturers addressing the demand for customizable and personalized lighting solutions in the hospitality industry? 
    11. What impact does lighting have on the perception of brand identity and the overall guest experience in hotels and resorts? 
    12. How are hospitality establishments leveraging dynamic lighting scenes and color-changing LEDs to create immersive and engaging environments? 
    13. What role does lighting play in enhancing safety and security in hospitality establishments, particularly in outdoor and parking areas? 
    14. How are lighting designers incorporating circadian lighting principles to promote relaxation and wellness in spa and wellness resorts? 
    15. What are the key factors influencing the adoption of smart lighting controls and IoT-enabled lighting systems in the hospitality sector? 
    16. How are sustainability initiatives and regulatory standards driving the adoption of energy-efficient lighting solutions in the hospitality industry? 
    17. What are the challenges faced by lighting designers and manufacturers in meeting the diverse needs and preferences of hospitality clients? 
    18. How do regional factors and cultural influences impact lighting design and preferences in different parts of the world? 
    19. What role does lighting play in enhancing the dining experience and ambiance in restaurants and bars? 
    20. How are advancements in lighting technology, such as OLEDs and Li-Fi, expected to shape the future of the hospitality lighting market? 
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Research Methodology
    4 Executive Summary
    5 Average B2B Price
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Challenges in Global Pediatric Vitrectomy Market
    14 Impact of Government Global Pediatric Vitrectomy Market
    15 Research and Development in Global Pediatric Vitrectomy Market
    16 New product development in past 12 months
    17 Market Size, Dynamics and Forecast by Lighting type, 2024-2030
    18 Market Size, Dynamics and Forecast by Technology, 2024-2030
    19 Market Size, Dynamics and Forecast by Geography, 2024-2030
    20 Market Size, Dynamics and Forecast by Application, 2024-2030
    21 Gross margin and average profitability of suppliers
    22 Competitive Landscape
    23 M&A in past 12 months
    24 Growth strategy of leading players
    25 Market share of vendors, 2024
    26 Company Profiles
    27 Unmet needs and opportunity for new suppliers
    28 Conclusion
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