Asia Pacific Smart Lighting Market Key Growth Drivers (2019-2024)
Category: #technology  By Shashie Pawar  Date: 2020-02-14
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Asia Pacific Smart Lighting Market Key Growth Drivers (2019-2024)

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. The Asia Pacific smart lighting market growth is attributed to the growing awareness regarding the benefits of energy-efficient lighting systems to meet the energy security challenges in the developing countries in the region. The government initiatives for offering cost-effective lighting solutions for the residential sector are expected to increase the demand for smart lighting solutions in the region over the forecast period.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1014/sample

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.

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.

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 Full TOC @ https://www.graphicalresearch.com/table-of-content/1014/asia-pacific-smart-lighting-market

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.

Contact Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected]lresearch.com 
Web: https://www.graphicalresearch.com

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About Author

Shashie Pawar

Shashie Pawar    

Shashie Pawar is a tech blogger and a digital marketing pro since 3 years and writes for Ground alerts. A Electronics & communication Engineering graduate by education, Shashie offers his analysis on the tech market research landscape. His strong suit is analyzing the...

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