Asia Pacific Smart Lighting Market Set to Witness an Uptick during 2019-2024
Date: 2020-07-30   Author: Ronak Bora  Category: #news

Asia Pacific Smart Lighting Market Set to Witness an Uptick during 2019-2024

The Asia Pacific smart lighting market growth is attributed to the growing awareness regarding the benefits of energy-efficient lighting systems to meet the energy security challenges in the developing countries in the region. The government initiatives for offering cost-effective lighting solutions for the residential sector are expected to increase the demand for smart lighting solutions in the region over the forecast period. According to the Graphical Research new growth forecast report titled “Asia Pacific Smart Lighting Market analysis based on Component, Technology, Lighting Source, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024”, estimated to exceed USD 6 billion by 2024.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1014/sample

Some of the key vendors in the Asia Pacific smart lighting market are GE Lighting, Silver Spring Networks, Schneider Electric, Cooper Industries (Eaton), Acuity Brands, Zumtobel, Cree, Bridgelux, Hubbell, Tvilight, and Philips Lighting.

Segments we Cover:

Asia Pacific Smart Lighting Market, By Component

  • Product
    • Luminaires
      • Smart Bulb
      • Fixtures
    • Light Control
      • Sensors
      • Switches & Dimmers
      • Relays
      • Router & Gateways
      • LED Driver & Ballasts
  • Technology
    • Wired
      • PLC
      • PoE
      • DALI
      • Hybrid
    • Wireless
      • Bluetooth
      • Zigbee
      • Wi-Fi
      • EnOcean
      • Hybrid

Asia Pacific Smart Lighting Market, By Lighting Source

  • LED
  • Fluorescent Lamp
  • CFL
  • HIDL

Asia Pacific Smart Lighting Market, By Application

  • Indoor Lighting
    • Residential
    • Commercial
    • Industrial
  • Outdoor Lighting
    • Highways & Roadways
    • Public Places
    • Bridges & Tunnels

 

The light controls segment held a majority share of around 50% in the Asia Pacific smart lighting product market in 2017. The technological advancements in controls such as sensors, switches and routers, and LED drivers are expected to fuel the market growth during the forecast period. The sensors segment is expected to register the fastest growth between 2018 and 2024 due to the modern sensor technologies employed in smart lighting solutions to add enhanced control features for customers. The routers & gateways segment is projected to hold a majority share of the Asia Pacific smart lighting market by 2024.

India is expected to witness the fastest growth in the Asia Pacific smart lighting market at a CAGR of around 30% between 2018 and 2024. India’s energy consumption is anticipated to grow at 4.2 percent per year till 2035, which is faster than that of all the developed economies globally. India is the second largest energy consumer in Asia since 2008 with around 35 million street lights installed consuming 3,400 megawatts of energy. The demand for smart lighting systems in the country is expected to grow steadily over the forecast timeline.

Browse key industry insights from this Report @ https://www.graphicalresearch.com/table-of-content/1014/asia-pacific-smart-lighting-market

Related Report:

North America Smart Lighting Market size worth over $6bn by 2024 : https://www.graphicalresearch.com/press-release/north-america-smart-lighting-market

Europe Smart Lighting Market size worth over $9bn by 2024 : https://www.graphicalresearch.com/press-release/europe-smart-lighting-market

 

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected] 
Web: https://www.graphicalresearch.com

 



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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