Key Aspects to Propel the South East Asia Street Lighting Market Growth During 2021-26

According to MarkNtel Advisors, the South East Asia Street Lighting Market is projected to grow at a CAGR of 20% during the forecast period, i.e., 2021-26. The market growth primarily attributes to the soaring focus of the street lighting manufacturers on producing lighting systems with low energy consumption, long life, low electric loss, and less emitting light pollution.

The research report "South East Asia Street Lighting Market Analysis, 2021" also cites that the increasing urbanization and up-gradation of existing lighting products shall also contribute to the market growth due to the surging demand for street lights, especially across the residential sector.

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Key Questions Answered in the Study
1. What are the current and future trends in the South East Asia Street Lighting Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across Southeast Asia, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the South East Asia Street Lighting Market?
5. What are the customer orientation, purchase behavior, and expectations from Street Lighting providers across Southeast Asia?

Smart Lighting to Display the Fastest Growth Rate in the Forecast Period

Based on Lighting Type, South East Asia Street Lighting Market segments into Conventional Lighting and Smart Lighting. Of both, Smart lighting is more likely to display the fastest market growth in the forecast period. It owes primarily to its energy efficiency entwined with the increasing adoption of color-changing lighting fixtures & control across healthcare, industrial, commercial, & residential sectors to provide a comfortable ambiance to consumers.

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Moreover, Smart lighting systems come with varied features like registering traffic volume, monitoring & surveillance, and others. Unlike the conventional lights that operate using pushbuttons & switches, Smart Lighting has motion sensors that can automatically switch the lights on and off whenever someone enters that range of area. Hence, the aspects mentioned above suggest that the Smart Lighting segment would attain the fastest market growth in the years to come.

Lamps to Observe the Highest Demand in Southeast Asia During the Forecast Period

Based on the Offering, the South East Asia Street Lighting Market segments into Hardware, Software, and Services. The Hardware segment further bifurcates into Lamps, Streetlight Poles, Power Cabinet. Here, Lamps are expected to observe the highest demand in the forecast period, principally due to the growing demand for lamps, particularly in rural areas, owing to several initiatives by different governments across Southeast Asia.

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Besides, the improving smart lighting standards and rising demand for high input powered devices for lighting shall also augment the demand for lamps and fuel the overall market growth. Numerous OEMs are coming up with integrated solutions within lamps requiring more input power. Additionally, lamps are becoming a cost-effective option & offer a greater return on investment. Hence, they are expected to observe a significant demand in the years to come, reveals MarkNtel Advisors in their research report, "South East Asia Street Lighting Market Analysis, 2021."

Key Market Competitors
According to MarkNtel Advisors, the leading players in the South East Asia Street Lighting Market are SiriJaya, OLE, HeiSolar, Philips Lighting, NEW DVR (S) PTE LTD, Honeywell, LIGMAN, Lumileds, Lepower, AEG lighting, Wipro Lighting, Others.

Market Segmentation:
1. By Lighting Type (Conventional Lighting, Smart Lighting)
2. By Lighting Source (LEDs, Fluorescent Lights, HID Lamps)
3. By Wattage (Less than 50W, Between 50W and 150W, More than 150W)
4. By End Users (Highways, Street and Roadways, Others (Tunnels & Bridges))
5. By Distribution Channel (Wholesale/Retail Stores, Direct Sales)
6. By Offering (Hardware (Lamps, Streetlight Poles, Power Cabinet), Software, Services (Deployment and Maintenance, Configuration Services))
7. By Countries (Malaysia, Indonesia, Singapore, Thailand, Philippines, Others)
8. By Competitors (SiriJaya, OLE, HeiSolar, Philips Lighting, NEW DVR (S) PTE LTD, Honeywell, LIGMAN, Lumileds, Lepower, AEG lighting, Wipro Lighting, Others)

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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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