
APAC Designer Lighting Market Share, Size and Forecast Report, 2022 to 2030
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December 2022
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APAC Designer Lighting Market Overview:
The APAC designer lighting market is estimated to be valued for more than US$ 8.6 Bn in 2022. Expanding at a CAGR of 6.2% between 2022 and 2030, the market’s opportunity is expected to reach US$ XX Bn by the end of 2030.
Due to the rise in disposable income and improvements in living standards, individuals are becoming more interested in upgrading their way of life, house furnishings, and lighting system. People were forced to spend the majority of their time indoors due to COVID-19, which led them to think of designing a workspace with designer lighting to foster a productive environment. These designer lights are installed with sophisticated technologies to be more energy-efficient, durable, and effective than the conventional light system. Remote controls and smartphones can be used to operate these designer lights.
This market study on the APAC designer lighting market aims to cover market dynamics, including market drivers, challenges, APAC designer lighting market opportunities for the market players, market segmentation outlook, APAC designer lighting market trend, regional outlook, APAC designer lighting market size, and market share, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, APAC designer lighting market forecast and the major players operating in the APAC designer lighting market globally.
APAC Designer Lighting Market Dynamics:
Market dynamics comprises Market Drivers, Market Challenges, and Market Opportunities as discussed below;
Market Drivers
With the rise in the number of smart cities, higher life spans, and increased energy efficiency, the adoption of LED designer smart lights is being fueled by government initiatives. These are the factors driving the escalation of the market.
Market Challenges
Insufficient knowledge of installation costs and payback times can limit market expansion.
Market Opportunities
Rural illumination, government programs, the smart city objective, and energy efficiency will all result in a huge market opportunity.
APAC Designer Lighting Market Trends and Regional Outlook:
India is anticipated to experience rapid CAGR growth in the upcoming years. The country's consistently falling LED designer smart light prices as well as beneficial government programs like UJALA and SLNP, which provide LED designer smart lights at a discounted price, and LED designer smart light installation projects for streetlights, respectively, are major contributors to this.
The demand for LED designer smart lighting in the residential and commercial sectors is also expected to increase due to consumers' growing awareness of the affordability and environmental friendliness of LED designer smart light lights. India recently showed that, with the correct financing and market structure, it is possible to install LED designer smart lights quickly and broadly.
India is now one of the world's greatest markets for LED designer smart lights because of the UJALA initiative, which provides LED designer smart light bulbs that are more energy-efficient than other lamps available.
In recent years, the Indian government has developed successful energy-efficiency initiatives that are aimed at developing a market for energy services. The country's energy savings have accelerated because of the government's bulk purchase of LED designer smart lights.
Furthermore, as this lighting is being used in rural areas of India, it has a significant impact on how residents live their daily lives, making the area safer, enabling them to continue working after dusk, and encouraging them to participate in more (outside) social events. Compared to conventional lights, LED designer smart lights also help lower carbon emissions, which will further help lower pollution. As an illustration, as part of its CSR program, PFC has signed a Memorandum of Agreement (MoA) with the Municipal Corporation of Faridabad (MCF), Haryana, for the provision, installation, and commissioning of LED designer smart street lighting systems.
APAC Designer Lighting Market Key Players:
Cooper Industries (Eaton), Silver Spring Networks, OSRAM, Acuity Brands, Hubbell, Tvilight, Echelon, Legrand, GE Lighting, Honeywell, Bridgelux, Digital Lumens, Cree, Syska, Koninklijke Philips N.V. (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and Philips Lighting are a few of the top businesses operating in the Asia Pacific designer designer lighting market. To maintain their place in the market, many businesses are using the tried-and-true strategies of mergers, acquisitions, and the creation of new products.
Recent Developments:
A significant manufacturer of LED lighting solutions, SYSKA LED, announced the introduction of its Syska LED Recessed SMD Downlight in May 2022. (Glowslick-SSK-SLP). Given that it can be utilized in shopping centers, retail establishments, houses, showrooms, and office buildings, the cutting-edge Syska LED Recessed SMD Downlight is the ideal lighting option for indoor applications.
In June 2021, Syska announced the introduction of new LED lights in India for just Rs 449 and Rs 549 under the "T5 LED Batten" brand. Syska T5 LED Batten (PC) and Syska T5 LED Batten (AL) LED designer smart lights are installed with 440V OVP and have 4KV surge protection.
APAC Designer Lighting Market Segmentation Outlook:
APAC designer lighting market is divided into segments based on solution, network technology, light source, installation type, application, and by region.
By Solution
Hardware
Custom Lights
Strips
Tubes
Lighting Controls
Drivers & Ballasts
Fixtures
Gateways
Sensors
Switches
Software Tools/Apps
Services
Consultation, Design & Integration
Lighting as a Service
By Network Technology
DALI
Ethernet
Powerline
Others
Wireless
6LoWPAN
BLE
ENOCEAN
Wi-Fi
Zigbee
Z-wave
Others
By Light Source
Fluorescent Lamps (FL)
High-Intensity Discharge Lamps (HID)
LED Lamps
Others
By Installation Type
Retrofit Installation Types
By Application
Commercial
Retail
Hospitality
Offices
Hospital
Others
Residential
Industrial
Others
Outdoor
Architectural Lighting
Street Lighting
Public Infrastructure
By Country
India
Japan
South Korea
Australia & New Zealand
ASEAN
Singapore
Malaysia
Indonesia
Thailand
Philippines
Vietnam
Rest of ASEAN
Rest of Asia Pacific
Frequently Asked Question
What is the projected market size & Compound Annual Growth Rate (CAGR) of the APAC designer lighting market?
The APAC designer lighting market is estimated to reach at a value of US$ 8.6 Bn by the end of 2022 and expected to reach at a value of US$ *** Bn by 2030 with a significant CAGR of 6.2%.
Which base year is used in the APAC designer lighting market report?
The base year for the report is 2022 in APAC designer lighting market.
What segments are covered in APAC designer lighting market report?
APAC designer lighting market is divided into segments based on solution, network technology, light source, installation type, application, and by region.
What are the key participating players in the APAC designer lighting market?
Cooper Industries (Eaton), Silver Spring Networks, OSRAM, Acuity Brands, Hubbell, Tvilight, Echelon, Legrand, GE Lighting, Honeywell, Bridgelux, Digital Lumens, Cree, Syska, Koninklijke Philips N.V. (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and Philips Lighting are a few of the top businesses operating in the Asia Pacific designer designer lighting market. To maintain their place in the market, many businesses are using the tried-and-true strategies of mergers, acquisitions, and the creation of new products.