Press release
Landscape Of The Asia Pacific Smart Lighting Market Outlook: Graphical Research
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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.
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.
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.
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
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1014/asia-pacific-smart-lighting-market
Related Reports:
North America Tic Services Market : https://www.reuters.com/brandfeatures/venture-capital/article?id=150489
Apac Vacuum Coating Equipment Market : https://www.reuters.com/brandfeatures/venture-capital/article?id=154074
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
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.
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