Lighting - A New Billion Dollar Industry for Architects
We use light to enhance, accentuate and bring drama to great architecture, interior design, landscapes, and facades.
According to a report by Statista, the global revenue of the LED lighting market was approximately 54.7 billion U.S. dollars in 2020. This figure is expected to increase to around 111 billion U.S. dollars by 2028. The report also states that the global lighting fixtures market size was valued at 51.2 billion U.S. dollars in 2019, and is projected to reach 71.3 billion U.S. dollars by 2027.
Top leading European and American brands have their market share worldwide, the amount of revenue they are producing is exponential. Architect's worldwide, partner these brands into their projects and get incentified.
Despite the Conventional LED Lights and COB lights there are now many new segments of lights available, including those designed for ambiance, façade lighting, landscape lighting, and architectural lighting. As the lighting industry continues to evolve, we can expect to see even more innovation and new segments emerging to meet the changing needs of consumers and businesses.
Overall, partnering with lighting brands can provide architects with a range of benefits, including access to high-quality products, expert support, competitive pricing, and access to new technologies. By working closely with lighting brands, architects can create lighting solutions that meet the specific needs of their clients and enhance the overall quality and functionality of their projects.