Skylights Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12.3 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030.
The skylights market has experienced significant growth from 2018 to 2022, driven by the rising demand for energy-efficient buildings, eco-friendly construction trends, and the growing popularity of natural lighting solutions. During this period, the market was shaped by several key factors, including advancements in skylight technology, the increasing adoption of green building practices, and improved insulation capabilities. The global demand for skylights was also influenced by a rising awareness of sustainability in the construction sector, as well as the desire to enhance indoor air quality and reduce electricity consumption. As we move towards 2023 and beyond, the skylights market is expected to see even more rapid growth, but with different dynamics compared to the 2018-2022 period. Factors such as stricter building regulations, the continued shift towards eco-conscious materials, and innovations in smart skylights will all play a pivotal role in shaping the demand from 2023 to 2033. Additionally, there is a growing trend towards residential and commercial installations of automated skylights that can adjust to weather conditions, providing a more efficient solution for natural lighting. The skylights market is forecasted to grow significantly over the next decade, driven by an increase in urbanization and the expansion of green building initiatives across the globe. The commercial segment is expected to maintain a dominant share in the market due to the growing construction of commercial buildings that prioritize energy efficiency and the use of sustainable materials. Moreover, as the residential construction industry recovers and expands, the demand for skylights in homes, particularly in regions with sunny climates, is anticipated to increase steadily.
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Major Industries Inc.
Velux Skylights
Fakro
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Skylights Market
Residential Building
Commercial Building
Based on Types the Market is categorized into Below types that held the largest Skylights market share In 2023.
Auburn Single-Slope Skylights
Energy Performance Model Skylights
Flat Roof Access Skylight
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Skylights Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Skylights Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Skylights Market, By Type
6. Global Skylights Market, By Application
7. Global Skylights Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Skylights Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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