Asia-Pacific Lighting Control - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The Asia-Pacific Lighting Control Market size is estimated at USD 38.06 billion in 2024, and is expected to reach USD 60 billion by 2029, growing at a CAGR of 9.5% during the forecast period (2024-2029).

The Asia-Pacific lighting control market is projected to witness high growth due to increased demand for home automation and the emergence of IoT in the region. In addition, lighting control helps save energy, as it consists of several ways to switch and dimmer modules to control lighting fixtures.

Key Highlights

• Lighting control plays an essential role in today's modern residential and commercial buildings. It allows the end-user to control the lights in their space to best meet the needs of the environment and application and helps meet the current energy code requirements.
• Lighting controls are used to maximize energy savings, provide safety & security, satisfy building codes, or comply with green building and energy conservation programs. It also offers several other benefits, including extended bulb life, energy savings, security, and programmable reference, and it can adjust light levels relative to tasks.
• The rising construction activities in developing economies such as Korea, India, China, and Japan are expected to boost the demand for lighting control during the projected timeline. The growing urbanization rate is also among the contributing factors behind the growth of the lighting industry, as lights are more prevalent in urban areas than rural areas. According to the World Bank, about 600 million people will be living in metropolitan cities in India by 2036, representing 40% of the population.
• Furthermore, the increasing building renovation and new city projects by the governments to strengthen their infrastructure in the region are expected to drive the market’s growth. For instance, Indonesia and South Korea announced a strategic partnership to expand cooperation on a new capital city project.
• Moreover, a few other factors providing growth opportunities for the lighting control market in the region include the speedy development of wireless technology and sensors and increasing demand for smart lighting solutions for developing smart cities and street lighting.
• The COVID-19 pandemic significantly influenced the lighting control market. However, the market observed significant growth after the pandemic due to a rise in many construction projects across several regions. The rise in construction activities across the residential, commercial, and industrial sectors is expected to boost the demand for lighting control.

Asia-Pacific Lighting Control Market Trends

Growing Modernization and Infrastructural Development

• Lighting control helps building owners save heavy usage of lighting in their buildings. It can control and optimize lighting employed in the workplace, eliminating the need to look after the overuse of electricity manually.
• The increasing infrastructure development, such as the construction of commercial malls, airports, schools, warehouses, highways, and other buildings owing to rapid urbanization, is expected to fuel the market’s growth. In FY23, India’s residential property market witnessed the value of home sales reaching an all-time high of INR 3,47,433 crore (USD 42 billion), marking a robust 48% year-on-year increase.
• The Government of India launched the National Infrastructure Pipeline (NIP) incorporated with other initiatives such as the production-linked incentives (PLI) scheme and ‘Make in India’ to augment the growth of the infrastructure sector in the country. According to IBEF, India plans to spend USD 1.4 trillion on the infrastructure sector through the ‘National Infrastructure Pipeline’ till 2027.
• Moreover, the construction industry in China has also witnessed massive growth due to sustainable construction policies and a shift toward a service-led economy over the past few years. The growing investments in large-scale infrastructure projects in China are expected to boost the market’s growth.
• According to MLIT (Japan), in 2023, approximately 819.6 thousand housing starts were initiated in Japan, and approximately 224.3 thousand new privately owned housing units were started in the country in 2023. Similarly, in FY 2022, over 10,240 office building construction projects began in Japan.

China to Hold Significant Market Share

• China is witnessing various large-scale infrastructure projects where lighting control systems are necessary to modernize infrastructure. Lighting controls help the facility managers manage networked lighting controls in different ways throughout the buildings by creating a central control to manage all of the lighting and HVAC systems in the building.
• The demand for lighting control is rising in China as the adoption of smart cities has increased. The country has become a global leader in smart city initiatives. It combines embedded sensors, smart lighting, metering devices, cameras, and other modern technologies with artificial intelligence (AI) and big data processing analysis to help manage its cities and public spaces.
• China witnessed increased infrastructure investment in Q1 2023 to propel economic growth and launched more than 10,000 projects across the country. The government has invested approximately CNY 14.77 billion (USD 2.03 billion) in various projects to improve living infrastructure and local transport and for the development of relevant industries, further supporting the market’s growth.
• The growing urbanization has increased China's construction work sector. As per the National Bureau of Statistics of China, in 2023, the construction industry accounted for around 6.8% of China's gross domestic product. A significant share of the Chinese economy relies on real estate and infrastructure construction. Especially in times of economic downturn, policymakers fall back on infrastructure investments to boost economic output. The increase in the construction of commercial buildings is projected to create lucrative growth opportunities for the market studied.
• China's 14th Five-Year Plan emphasizes new infrastructure projects in water systems, energy, transportation, and new urbanization. As per the International Trade Administration, the total investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach about CNY 27 trillion (USD 4.2 trillion). The plan focuses on nine points for green building development and energy efficiency. It also calls for renovating more than 350 million square meters of buildings and constructing more than 50 million square meters of zero-emission houses.

Asia-Pacific Lighting Control Industry Overview

The Asia-Pacific lighting control system market is highly fragmented due to the presence of influential players. Some of the major players in the market are Texas Instruments Inc., Schneider Electric SE, Philips NV, and Infineon Technologies, among others. Partnerships and acquisitions, product launches, and high expenses on research and development are the prime growth strategies adopted by these players to sustain the intense competition in the market.

• March 2024: Legrand’s Vantage Lighting Controls introduced Vantage Voice, which enhances the Vantage InFusion System controller with voice control functionality through Amazon Alexa. This comes with the latest Design Center 4.8 software update. Vantage Voice has the capability to manage up to 60 Vantage tasks and offers broad compatibility, functioning seamlessly with IC-II, IC-DIN-II, or IC-DIN-II-LITE InFusion Controllers, as well as with Amazon Echo devices and Alexa iOS or Android apps.
• August 2023: Leviton Manufacturing Company Inc. announced the launch of the Decora Smart Wi-Fi Outdoor Plug-in-Switch and the Outdoor Smart Plug. The new plug-in switch brings smart home control to consumers' patios, garages, yards, porches, and more. The device is ideal for remote ON/OFF switching of string lights, fountain and aquarium pumps, holiday decorations and inflatables, outdoor fans, landscape and path lighting, and other outdoor electronics and small appliances.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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