Asia-Pacific Smart Lighting Market, By Product (Luminaires, Light Control), Offering (Hardware, Software, Services), Installation Type (Retrofit Installation, New Installation), Communication Technology (Wired Technology, Wireless Technology), Lighting Source (LED, Fluorescent Lamp, CFL, HIDL), Application Type (Indoor, Outdoor), End User (Industrial, Commercial, Residential, Public Infrastructure), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights of Asia-Pacific Smart Lighting Market
Smart lighting market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the smart lighting market to exhibit a CAGR of 24.4% for the forecast period of 2021-2028.
The smart lighting is also referred as connected lighting, is an essential lighting solutions that offers better energy efficiency and halogen options and even delivers durability in terms of breakage resistant. They are largely immune to vibrations for providing the solution for both indoor and outdoor purposes with latest advanced technology products such as LEDs, Luminaires, fluorescent bulbs and others.
The growing demand for internet of things (IOT) technology, growing awareness about energy savings among consumers and governments worldwide and emergence of light fidelity (Li-Fi) technology emerge as the major factors driving market growth. The requirement of energy-efficient connected lighting controls and ongoing and upcoming smart city projects, various policies encouraging energy conservation and environment protection coupled with stringent regulations discourage incandescent lamps' usage in developing economies will further aggravate the market value. The increasing adoption of smart and automated systems by commercial enterprises is thus expected to accelerate the market’s growth. However, high initial cost of integration and installation services, deployment, smart equipment and accessories act as a restraint for the market.
In addition to this, energy-efficient lighting solutions, growing smart office and smart retail trends, create new opportunities for growing the market within the forecast period. The security and reliability issues of smart with IOT -based lighting systems will dampen the growth rate, resulting in a challenge for the market.
This smart lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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, geographical expansions, technological innovations in the market. To gain more info on smart lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Smart Lighting Market Scope and Market Size
The smart lighting market is segmented on the basis of product, offering, installation type, communication technology, lighting source, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the smart lighting market has been segmented into luminaires and light control. The luminaires is sub-segmented into smart bulbs and fixtures. The light control is sub-segmented into sensors, switches and dimmers, relays, router and gateways, led driver and ballasts.
- On the basis of offering, the smart lighting market is segmented into hardware, software, services.
- On the basis of installation type, the market is segmented into retrofit installation, new installation.
- On the basis of communication technology, the smart lighting market is segmented into wired technology and wireless technology. The wired technology is sub-segmented into PLC (power line control), POE (power over Ethernet), DALI (digital addressable lighting interface) and hybrid. The wireless technology is sub-segmented into Bluetooth, ZigBee, WI-Fi, enocean and hybrid.
- On the basis of lighting source, the market is segmented into LED, fluorescent lamp, CFL and HIDL.
- On the basis of application, the smart lighting market is segmented into indoor and outdoor.
- On the basis of end user, the smart lighting market is segmented into industrial, commercial, residential and public infrastructure.
Asia-Pacific Smart Lighting Market Country Level Analysis
The smart lighting market is analyzed and market size, volume information is provided by product, offering, installation type, communication technology, lighting source, application and end user as referenced above.
The countries covered in the smart lighting market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the smart lighting market due to the rapid adoption of energy-efficient smart lighting solutions.
The country section of the smart lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Smart Lighting Market Share Analysis
The smart lighting market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies’ focus related to smart lighting market.
The major players covered in the smart lighting market report are Signify Holding, ACUITY BRANDS LIGHTING, INC., Hafele, Honeywell International Inc., Cree Lighting, Digital Lumens, Inc., OSRAM GmbH., General Electric, Lutron Electronics Co., Inc, Hubbell, Itron Inc, legrandgroup, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric, Eaton, Leviton Manufacturing Co., Inc., Syska among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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