Press release
Asia Pacific Smart Lighting Market 2022 Growth Drivers, Investment Opportunity and Product Developments 2030 | Halonix, Havells, Bajaj
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Asia Pacific Smart Lighting Market size was US$ 4,064.4 million in 2021 and forecast to grow to US$ 11,159.4 million by 2030 by registering a compound annual growth rate (CAGR) of 12.6% during the forecast period from 2022 to 2030.
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Regional Analysis
North America is forecast to emerge as the largest shareholder in the industry in terms of revenue. The growth of the market is attributable to various factors, including early adoption of advanced technology, growing investments in the sector, and rising infrastructural development. Furthermore, the Asia-Pacific market for information technology will also grow steadily due to growing spending by government bodies. Additionally, increasing initiatives to improve infrastructure will also drive the market forward.
COVID-19 Impact
The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the information technology market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.
Major Key Players in the Asia Pacific Smart Lighting Market are:
Syska
Koninklijke Philips N.V. (Signify)
Crompton
Halonix
Havells
Bajaj
Orient
GE Lighting
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Asia Pacific Smart Lighting Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview:
By Solution
Hardware
Bulbs
Tubes
Strips
Custom Lights
Lighting Controls
Switches
Dimmers
Sensors
Gateways
Drivers & Ballasts
Fixtures
Software Tools/Apps
Services
Consultation, Design & Integration
Lighting as a Service
By Network Technology
Wired
DALI
Powerline
Ethernet
Others
Wireless
Wi-Fi
Zigbee
BLE
Z-wave
ENOCEAN
6LoWPAN
Others
By Light Source
Fluorescent Lamps (FL)
LED Lamps
Compact Fluorescent Lamps
High Intensity Discharge Lamps (HID)
Others
By Installation Type
New Installation Types
Retrofit Installation Types
By Application
Indoor
Commercial
Retail
Hospitality
Offices
Hospital
Others
Residential
Industrial
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
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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Astute Analytica
Phone number: +18884296757
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