The Asia Pacific Outdoor Lighting Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
Smart outdoor lighting is getting popular as it sees exciting applications in many outdoor lighting settings like streets, highways, public places like gardens, outdoor parking lots, commercial sites, and university and college campuses. These settings include streets, highways, public places like gardens, commercial sites, and outdoor parking lots. In addition, the price of power is continuing to climb, and as a result, an increasing number of municipalities across the globe are embracing smart lighting in order to reduce operating expenses while simultaneously improving the efficiency of their systems and ensuring the safety of their citizens.
In addition, the increased utilization of solar energy as a source of renewable energy for lighting purposes across countries will undoubtedly encourage the rise of the market for outdoor landscape lighting. Additionally, the expansion of the market is predicted to be propelled not only by the declining prices of raw materials but also by features such as simple installation, extended lifetime, minimum maintenance, and reduced operating costs.
In order to achieve their sustainability objectives, cities all over the world are implementing intelligent energy measures, which are propelling the future of street lighting. During the period covered by this projection, an increase in investment in solar street lighting and smart cities is anticipated to have a positive impact on the worldwide market for connected smart street lighting. Market participants are introducing hybrid network designs as a means of providing very adaptable solutions for street lighting.
There have been huge expenditures made in surveillance networks throughout several of China's major cities. The Chinese market has significant room for expansion because of the presence of domestic companies already established there. As a workaround, a few suppliers have begun collaborating with firms based in China. The bulk of cities has just recently started their attempts to create safer environments.
The China market dominated the Asia Pacific Outdoor Lighting Market by Country in 2021; thereby, achieving a market value of $2,011.2 Million by 2028. The Japan market is registering a CAGR of 8.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 9.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Commercial and Residential. Based on Source, the market is segmented into LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Acuity Brands Lighting, Inc., Signify N.V., Zumtobel Group AG, Cree, Inc. (SMART Global Holdings, Inc.), OSRAM GmbH (AMS AG), Eaton Corporation PLC, Hubbell Incorporated, Virtual Extension Ltd. and Syska LED Lights Private Limited
Smart outdoor lighting is getting popular as it sees exciting applications in many outdoor lighting settings like streets, highways, public places like gardens, outdoor parking lots, commercial sites, and university and college campuses. These settings include streets, highways, public places like gardens, commercial sites, and outdoor parking lots. In addition, the price of power is continuing to climb, and as a result, an increasing number of municipalities across the globe are embracing smart lighting in order to reduce operating expenses while simultaneously improving the efficiency of their systems and ensuring the safety of their citizens.
In addition, the increased utilization of solar energy as a source of renewable energy for lighting purposes across countries will undoubtedly encourage the rise of the market for outdoor landscape lighting. Additionally, the expansion of the market is predicted to be propelled not only by the declining prices of raw materials but also by features such as simple installation, extended lifetime, minimum maintenance, and reduced operating costs.
In order to achieve their sustainability objectives, cities all over the world are implementing intelligent energy measures, which are propelling the future of street lighting. During the period covered by this projection, an increase in investment in solar street lighting and smart cities is anticipated to have a positive impact on the worldwide market for connected smart street lighting. Market participants are introducing hybrid network designs as a means of providing very adaptable solutions for street lighting.
There have been huge expenditures made in surveillance networks throughout several of China's major cities. The Chinese market has significant room for expansion because of the presence of domestic companies already established there. As a workaround, a few suppliers have begun collaborating with firms based in China. The bulk of cities has just recently started their attempts to create safer environments.
The China market dominated the Asia Pacific Outdoor Lighting Market by Country in 2021; thereby, achieving a market value of $2,011.2 Million by 2028. The Japan market is registering a CAGR of 8.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 9.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Commercial and Residential. Based on Source, the market is segmented into LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Acuity Brands Lighting, Inc., Signify N.V., Zumtobel Group AG, Cree, Inc. (SMART Global Holdings, Inc.), OSRAM GmbH (AMS AG), Eaton Corporation PLC, Hubbell Incorporated, Virtual Extension Ltd. and Syska LED Lights Private Limited
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Offline
- Online
By Application
- Commercial
- Residential
By Source
- LED Lights
- High-Intensity Discharge Lamps
- Fluorescent Lights
- Plasma Lamps
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company
- Acuity Brands Lighting, Inc
- Signify N.V
- Zumtobel Group AG
- Cree, Inc. (SMART Global Holdings, Inc.)
- OSRAM GmbH (AMS AG)
- Eaton Corporation PLC
- Hubbell Incorporated
- Virtual Extension Ltd
- Syska LED Lights Private Limited
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Outdoor Lighting Market, by Distribution Channel
1.4.2 Asia Pacific Outdoor Lighting Market, by Application
1.4.3 Asia Pacific Outdoor Lighting Market, by Source
1.4.4 Asia Pacific Outdoor Lighting Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Outdoor Lighting Market
Chapter 4. Asia Pacific Outdoor Lighting Market by Distribution Channel
4.1 Asia Pacific Offline Market by Country
4.2 Asia Pacific Online Market by Country
Chapter 5. Asia Pacific Outdoor Lighting Market by Application
5.1 Asia Pacific Commercial Market by Country
5.2 Asia Pacific Residential Market by Country
Chapter 6. Asia Pacific Outdoor Lighting Market by Source
6.1 Asia Pacific LED Lights Market by Country
6.2 Asia Pacific High-Intensity Discharge Lamps Market by Country
6.3 Asia Pacific Fluorescent Lights Market by Country
6.4 Asia Pacific Plasma Lamps Market by Country
Chapter 7. Asia Pacific Outdoor Lighting Market by Country
7.1 China Outdoor Lighting Market
7.1.1 China Outdoor Lighting Market by Distribution Channel
7.1.2 China Outdoor Lighting Market by Application
7.1.3 China Outdoor Lighting Market by Source
7.2 Japan Outdoor Lighting Market
7.2.1 Japan Outdoor Lighting Market by Distribution Channel
7.2.2 Japan Outdoor Lighting Market by Application
7.2.3 Japan Outdoor Lighting Market by Source
7.3 India Outdoor Lighting Market
7.3.1 India Outdoor Lighting Market by Distribution Channel
7.3.2 India Outdoor Lighting Market by Application
7.3.3 India Outdoor Lighting Market by Source
7.4 South Korea Outdoor Lighting Market
7.4.1 South Korea Outdoor Lighting Market by Distribution Channel
7.4.2 South Korea Outdoor Lighting Market by Application
7.4.3 South Korea Outdoor Lighting Market by Source
7.5 Singapore Outdoor Lighting Market
7.5.1 Singapore Outdoor Lighting Market by Distribution Channel
7.5.2 Singapore Outdoor Lighting Market by Application
7.5.3 Singapore Outdoor Lighting Market by Source
7.6 Malaysia Outdoor Lighting Market
7.6.1 Malaysia Outdoor Lighting Market by Distribution Channel
7.6.2 Malaysia Outdoor Lighting Market by Application
7.6.3 Malaysia Outdoor Lighting Market by Source
7.7 Rest of Asia Pacific Outdoor Lighting Market
7.7.1 Rest of Asia Pacific Outdoor Lighting Market by Distribution Channel
7.7.2 Rest of Asia Pacific Outdoor Lighting Market by Application
7.7.3 Rest of Asia Pacific Outdoor Lighting Market by Source
Chapter 8. Company Profiles
8.1 General Electric Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Acuity Brands Lighting, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional and Segmental Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 Signify N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.4 Zumtobel Group AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Cree, Inc. (SMART Global Holdings, Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 OSRAM GmbH (AMS AG)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Eaton Corporation PLC
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Research & Development Expense
8.8 Hubbell Incorporated
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Virtual Extension Ltd.
8.9.1 Company Overview
8.10. Syska LED Lights Private Limited
8.10.1 Company Overview
Companies Mentioned
- General Electric Company
- Acuity Brands Lighting, Inc.
- Signify N.V.
- Zumtobel Group AG
- Cree, Inc. (SMART Global Holdings, Inc.)
- OSRAM GmbH (AMS AG)
- Eaton Corporation PLC
- Hubbell Incorporated
- Virtual Extension Ltd.
- Syska LED Lights Private Limited
Methodology
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