APAC Designer Lighting Market Share, Size and Forecast Report, 2022 to 2030

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

Bulbs

Custom Lights

Strips

Tubes

Lighting Controls

Dimmers

Drivers & Ballasts

Fixtures

Gateways

Sensors

Switches

Software Tools/Apps

Services

Consultation, Design & Integration

Lighting as a Service

By Network Technology

Wired

DALI

Ethernet

Powerline

Others

Wireless

6LoWPAN

BLE

ENOCEAN

Wi-Fi

Zigbee

Z-wave

Others

By Light Source

Compact Fluorescent Lamps

Fluorescent Lamps (FL)

High-Intensity Discharge Lamps (HID)

LED Lamps

Others

By Installation Type

New Installation Types

Retrofit Installation Types

By Application

Indoor

Commercial

Retail

Hospitality

Offices

Hospital

Others

Residential

Industrial

Others

Outdoor

Architectural Lighting

Street Lighting

Public Infrastructure

By Country

China

India

Japan

South Korea

Australia & New Zealand

ASEAN

Singapore

Malaysia

Indonesia

Thailand

Philippines

Vietnam

Rest of ASEAN

Rest of Asia Pacific