Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market, By Offering (Hardware, Software, Services), Installation Type (Retrofit installation and New installation), Wattage (Less than 50 watts, 50-150 Watt, More than 150 Watt), Application (Highway and Roadway, Architectural and Public Places, Others) - Industry Trends and Forecast to 2030.
Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Analysis and Size
The Asia-Pacific outdoor LED (light-emitting diode) lighting market is segmented on the basis of offering, installation type, wattage, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the Asia-Pacific outdoor LED (light-emitting diode) lighting market which was USD 4,10,670 million in 2022, would rocket up to USD 7,99,670 million by 2030, and is expected to undergo a CAGR of 7.3% during the forecast period. This indicates the market value. “Hardware” is expected to dominate the offering segment of the Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting market due to hardware components such as LED chips, drivers, and fixtures being essential for the functioning and installation of outdoor LED lighting systems. These components provide the necessary light output, energy efficiency, and durability required for outdoor applications. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021(Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software, Services), Installation Type (Retrofit installation and New installation), Wattage (Less than 50 watts, 50-150 Watts, More than 150 Watt), Application (Highway and Roadway, Architectural and Public Places, Others), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
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Countries Covered
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China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of the Asia-Pacific
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Market Players Covered
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Nichia Corporation (Japan), Panasonic Corporation (Japan), Seoul Semiconductor Co., Ltd. (South Korea), Cree, Inc. (United States), Osram Licht AG (Germany), Signify N.V. (Netherlands), Zumtobel Group AG (Austria), Opple Lighting Co., Ltd. (China), NVC Lighting Technology Corporation (China), MLS Co., Ltd. (China), Foshan Electrical and Lighting Co., Ltd. (China), Bajaj Electricals Ltd. (India), Havells India Ltd. (India), SYSKA LED (India), Wipro Lighting (India)
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Market Opportunities
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Market Definition
The outdoor LED lighting refers to the sector that encompasses the production, distribution, and sale of light-emitting diode (LED) lighting solutions specifically designed for outdoor applications. These lighting systems are used in various outdoor spaces such as streets, highways, parks, stadiums, commercial complexes, and residential areas to provide efficient, durable, and environmentally friendly lighting solutions. The market includes a wide range of products, including LED streetlights, floodlights, landscape lighting, pathway lighting, and other outdoor lighting fixtures.
Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Dynamics
Drivers
- Supportive Government Policies
Supportive government policies and regulations promoting the adoption of energy-efficient lighting solutions, coupled with subsidies and incentives, are driving the growth of the outdoor LED lighting market in the Asia-Pacific region.
- Increasing Technological Advancements
Continuous advancements in LED technology, including improved efficiency, longer lifespan, and enhanced color rendering, are driving the adoption of outdoor LED lighting solutions in the Asia-Pacific market.
- Increasing Use of Cost Saving LED Lighting
LED lighting offers long-term cost savings due to its energy efficiency and reduced maintenance requirements, making it an attractive option for businesses, municipalities, and individuals.
Opportunities
- Growing Demand for Energy-efficient Lighting
The increasing emphasis on energy conservation and sustainability drives the demand for energy-efficient lighting solutions, creating opportunities for outdoor LED lighting providers in the Asia-Pacific region.
Restraints
- High initial costs of Outdoor LED (Light-Emitting Diode) Lighting
The initial costs of installing outdoor LED lighting systems, including fixtures, infrastructure, and control systems, can be relatively higher compared to traditional lighting options, posing a challenge for widespread adoption, especially in cost-sensitive markets.
Challenges
- Technical Limitations
Despite advancements in LED technology, there are still certain technical limitations that need to be addressed. These include issues related to heat dissipation, color rendering, dimming capabilities, and compatibility with existing infrastructure. Overcoming these challenges is crucial for successfully adopting outdoor LED lighting solutions.
This Asia-Pacific outdoor LED (light-emitting diode) lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In March 2022, Panasonic introduced a new range of outdoor lighting solutions, including floodlights, bulkhead lights, and streetlights, to enhance the aesthetics and safety of residential and commercial spaces. These energy-efficient LED lights offer high-quality illumination, easy installation, and durability, making them ideal for various outdoor applications. With sleek designs, weatherproof features, and cost-effective operation, Panasonic's outdoor lighting range provides a perfect balance of functionality and aesthetics, transforming outdoor spaces into visually appealing and well-lit environments.
- In January 2021, Havells India Limited launched its Connected Lighting Solutions for consumers in India. This innovative solution combines technological advancements with customer-centricity to increase energy efficiency and promote a sustainable ecosystem. With the COVID-19 pandemic driving the need for contactless technology, connected lighting offers convenience, energy efficiency, and a greater sense of control for consumers. Havells India's focus on "Make in India" further strengthens its position as a global player, with a vast distribution network and a commitment to manufacturing high-quality products within the country.
Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Scope
The Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market is segmented on the basis of offering, installation type, wattage, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware
- Software
- Services
Installation Type
- Retrofit installation
- New installation
Wattage
- Less than 50 watt
- 50-150 Watt
- More than 150 Watt
Application
- Highway and Roadway
- Architectural and Public Places
- Others
Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Country Analysis/Insights
The Asia-Pacific outdoor LED (light-emitting diode) lighting market is analyzed, and market size insights and trends are provided by country, offering, installation type, wattage, and application, as referenced above.
The country covered in the Asia-Pacific outdoor LED (light-emitting diode) lighting market report is China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and the Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market because China has a significant presence in the market due to its strong manufacturing capabilities, technological advancements, and extensive infrastructure development projects. The country is a major producer and exporter of outdoor LED lighting products, catering to both domestic and international demand. Additionally, China's focus on energy efficiency and sustainability has further boosted the adoption of outdoor LED lighting solutions, solidifying its dominance in the market.
India is expected to be the fastest growing country in the Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market as the Indian market for outdoor LED lighting has been experiencing rapid growth due to various factors such as increasing urbanization, infrastructure development projects, government initiatives promoting energy efficiency, and a growing awareness of the benefits of LED lighting solutions.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The Asia-Pacific outdoor LED (light-emitting diode) lighting market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Asia-Pacific outdoor LED (light-emitting diode) lighting market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.
Competitive Landscape and Asia-Pacific Outdoor LED (Light-Emitting Diode) Lighting Market Share Analysis
The Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market.
Some of the major players operating in the Asia-Pacific outdoor LED (Light-Emitting Diode) lighting market are:
- Nichia Corporation (Japan)
- Panasonic Corporation (Japan)
- Seoul Semiconductor Co., Ltd. (South Korea)
- Cree, Inc. (United States)
- Osram Licht AG (Germany)
- Signify N.V. (Netherlands)
- Zumtobel Group AG (Austria)
- Opple Lighting Co., Ltd. (China)
- NVC Lighting Technology Corporation (China)
- MLS Co., Ltd. (China)
- Foshan Electrical and Lighting Co., Ltd. (China)
- Bajaj Electricals Ltd. (India)
- Havells India Ltd. (India)
- SYSKA LED (India)
- Wipro Lighting (India)
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