Asia Pacific Smart Lighting Market In-Depth Research 2023 Emerging Growth Factors, Trends Analysis and Forecasts 2030

The recent report by Astute Analytica on the Global Asia Pacific Smart Lighting Market covers all the factors which will impact the market in the coming years. The report discusses several sections, such as COVID-19 impact, shareholding segments, etc. Moreover, it also outlines the list of past innovations and ongoing events to give an overview of the trends.

The Asia Pacific smart lighting market is projected to reach a valuation of US$ 11,159.4 million by 2030 from an estimated revenue of US$ 4,064.4 million in 2021 at a CAGR of 12.6% during the forecast period 2022–2030.

Factors Affecting the Market

Technology is maintaining a vital place across all industrial verticals, including healthcare, automotive, construction, etc. Companies leverage cloud and service-based services to propel innovation and bring significant revolution. Thus, it will drive the growth of the global Asia Pacific Smart Lighting Market during the forecast period.  

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Growing investments in this market are expected to boost the growth of the overall market. For instance, the US Federal Government set aside $58.4 billion budget for IT at civilian Federal agencies in 2022, which is an increase of 2.4 percent from 2021. 

COVID-19 Impact Analysis

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 Asia Pacific Smart Lighting Market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.  

Regional Analysis

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

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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

Key Players Insights

Some of the key players in the Asia Pacific smart lighting market are Syska, Koninklijke Philips N.V. (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and GE Lighting among others. 

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About Astute Analytica:

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