Description
The Global Skylights Market size was USD 2.3 billion in 2023 and is projected to reach USD 3.5 billion by 2031, with a CAGR of 15.3 % during the forecast period.
Global Skylights Market: Overview
The skylights market is experiencing major technological, material, and design advancements. Notable developments include Modular Glass Skylights, such as LAMILUX’s Modular Glass Skylight MS78, that provides a prefabricated, customisable roof system that fulfils high quality standards, streamlines construction, and improves light output. The emergence of smart and electric skylights is also notable, due to the demand on environmentally friendly options such as photovoltaic skylights, which cut the use of energy while improving occupant performance. Technological advances are increasingly boosting skylight efficiency, incorporating automated construction processes, and utilising sources of clean energy such as solar power. Furthermore, ecological and energy-efficient designs are prioritised, with materials chosen to reduce emissions of greenhouse gases and optimise energy use. Customization and personalization are increasingly important, with skylights tailored to specific architectural requirements, offering diverse design options in size, shape, and functionality, often facilitated by interactive product configurators. These innovations collectively enhance the functionality, efficiency, and aesthetic appeal of modern skylights.
Global Skylights Market: Covid-19 Impact
The COVID-19 epidemic had a severe influence on the skylights market, disrupting both the supply chains and building endeavours. However, as more individuals worked from home, the desire for natural illumination and energy-saving technologies grew, resulting in a rise in residential installations. Despite initial hurdles, the market is likely to rebound and expand, propelled by increased awareness of the state of indoor air and sustainable construction techniques.
Global Skylights Market: Growth Drivers
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Energy Efficiency Trends:
With a growing focus on energy efficiency in construction, skylights offer a way to maximize natural light and reduce the need for artificial lighting, thus lowering energy consumption.
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Aesthetic Appeal and Wellness:
Skylights contribute to a visually appealing environment, enhancing the overall aesthetics of a space. Additionally, exposure to natural light has been linked to improved mood and productivity, driving demand for skylights in residential and commercial settings.
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Technological Advancements:
Advancements in skylight technology, such as smart skylights equipped with sensors and automated controls, are making them more user-friendly and efficient, driving adoption among consumers looking for modern and convenient solutions for their homes and buildings.
Global Skylights Market: Restraining Factors
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Installation and Maintenance Costs:
Skylights can be expensive to install, especially in existing structures where retrofitting may be required. Additionally, ongoing maintenance costs, such as cleaning and potential repairs, can deter some consumers from investing in skylights.
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Weather and Environmental Concerns:
Skylights are exposed to weather elements and environmental factors such as rain, snow, and UV radiation. Concerns about potential leaks, heat loss, or excessive heat gain can discourage some consumers from incorporating skylights into their buildings, particularly in regions with extreme weather conditions.
Global Skylights Market: Opportunity Factors
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Green Building Initiatives:
Increasing awareness and government incentives for green building practices present opportunities for the skylights market. Skylights contribute to sustainable building designs by reducing reliance on artificial lighting and improving indoor air quality, aligning with green building certification requirements and preferences of environmentally conscious consumers.
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Expansion into Emerging Markets:
Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for the skylights market due to rapid urbanization, increasing construction activities, and rising disposable incomes. Manufacturers and suppliers can capitalize on this by expanding their presence and offering tailored solutions to meet the unique needs of these markets.
Global Skylights Market: Challenges
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Regulatory Compliance and Standards:
Compliance with building codes, regulations, and standards related to skylight installation and performance can be complex and vary by region. Manufacturers and installers must navigate these requirements to ensure product safety and reliability, which can pose challenges, especially in markets with stringent regulations.
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Competitive Landscape and Product Differentiation:
The skylights market is highly competitive, with numerous players offering similar products. To stand out in the market, companies need to invest in innovation and differentiate their offerings through features such as energy efficiency, durability, design versatility, and smart technology integration. However, achieving meaningful product differentiation in a crowded market can be challenging and require substantial investment in research and development.
Global Skylights Market: Segmentation
Based on Type: The market is segmented into Fixed Skylights, Vented Skylights, Tubular Skylights.
Based on Glazing Type: The market is segmented into Single Glazing, Double Glazing, Triple Glazing.
Based on Material: The market is segmented into Glass, Acrylic, Polycarbonate.
Based on Application: The market is segmented into Residential, Commercial, Industrial.
Global Skylights Market: Regional Insights
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North America:
The North American skylight market is growing rapidly, driven by many major changes. Airport modernization projects are growing demand because airports invest in infrastructure enhancements, increasing the requirement for skylight. In parallel, the incorporation of skylights in intelligent structures is gaining traction, improving comfort as well as environmental sustainability in residential as well as business environments. Furthermore, the increase in green building operations encourages the use of skylight to save energy and maximise natural light. In this environment, Europe is expected to dominate the market, owing to strong demand for retrofit and remodelling tasks, which is supported by rising construction investment and retail sales. These trends highlight the North the Americans skylight market’s positive trajectory, which is expected to continue expanding in the foreseeable future.
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Asia Pacific:
The Asia Pacific skylights market is growing rapidly due to a variety of variables such as increased urbanisation, rising need for environmentally friendly solutions, and a growing emphasis on environmentally friendly building methods. Skylights provide natural daylighting, which improves urban conditions, lowers energy usage, and promotes general well-being. Also, technological improvements have resulted to the creation of novel skylight designs that provide improved insulation, defence against ultraviolet radiation, and beauty. China, India, and Japan are important contributors to market growth, partially because of rapid growth of infrastructure and favourable government regulations that encourage green building projects.
Global Skylights Market: Competitive Landscape
Velux Skylights, Fakro, Kingspan, LAMILUX, Onyx Solar Group, Sunoptics, CrystaLite, Skydome, Columbia Manufacturing, Sun-Tek Skylights, SKYVIEW SKYLIGHT, Lonsdale Metal Co.
Global Skylights Market: Recent Developments
- In 2024, LAMILUX celebrates another significant achievement, securing its fifth Red Dot Design Award. The prestigious accolade was bestowed upon the LAMILUX Modular Glass Skylight MS78 in the “Product Design” category. This recognition underscores LAMILUX’s consistent excellence in blending design and functionality, reaffirming its leadership in skylight innovation.
- AUGUST 3, 2022 — VELUX’s range of skylights offers a variety of flexible natural lighting options for every kind of build — all without costing the Earth. Whether it’s the middle of summer or the dead of winter, our interior spaces can always use a bit more natural light.