Asia Pacific Smart Lighting Market, By Solution, By Network Technology, By Light Source, By Installation Type, By Application, Estimation & Forecast, 2018-2031

The Asia Pacific smart lighting market held a market value of US$ 4.33 Billion in 2022 and is estimated to reach US$ 13.05 Billion by the year 2031

The Asia Pacific smart lighting market held a market value of US$ 4.33 Billion in 2022 and is estimated to reach US$ 13.05 Billion by the year 2031. The market is projected to list a CAGR of 13.61% during the forecast period.

Any infrastructure project must include lighting, and the desire for smart homes necessitates the purchase of smart lights. Lights that can link to an application, a smart home assistant, or a smart accessory are considered to be part of smart lighting. It aids in automating and directly controlling the lights. Traditional wall switches are unnecessary with smart illumination. A novel area of marketing has been made possible by recent advances in AR. Customers can now take virtual tours and experiences where they can choose furniture, home decor, and other goods and see how they affect the environment. For instance, Havells offers an Experience Tour where customers can choose specific lights and assess their effect.

Growth Influencers:

Increase in deployment of smart lighting solutions under smart city project
The deployment of smart lighting solutions under smart city projects is a major driver for the smart lighting market. As urbanization continues to increase, there is a growing need to develop sustainable and energy-efficient cities. Smart lighting solutions can help meet this need by reducing energy consumption, improving public safety, and enhancing the quality of life for residents.

Under smart city projects, governments and municipalities are increasingly adopting smart lighting solutions to improve the efficiency of their lighting systems. These solutions use advanced technologies such as sensors, wireless communication, and data analytics to control lighting systems automatically, based on factors such as occupancy, natural light levels, and weather conditions. This helps to optimize energy consumption, reduce costs, and enhance the overall functionality of lighting systems.

Moreover, smart lighting solutions can also enhance public safety by providing better lighting in areas that are poorly lit or prone to criminal activities. They can also help to reduce light pollution, which has a negative impact on the environment and human health. The increasing deployment of smart lighting solutions under smart city projects has created a new market for smart lighting manufacturers and suppliers. It has also created opportunities for companies to develop new technologies and services that can improve the functionality and efficiency of smart lighting systems.

Well defined standard protocols for lighting control systems
The development of well-defined standard protocols for lighting control systems is a significant driver for the smart lighting market. Smart lighting systems utilize a network of connected devices, sensors, and software to provide intelligent lighting solutions that improve energy efficiency, convenience, and comfort.

Standard protocols are necessary to ensure that different devices and systems can communicate with each other seamlessly. Without standard protocols, there would be compatibility issues that would hinder the growth of the smart lighting market. Furthermore, well-defined standard protocols have simplified the installation and maintenance of smart lighting systems, as it is easier to integrate devices from different manufacturers. This has also resulted in reduced costs for both manufacturers and end-users, as they no longer have to invest in proprietary systems.

Segments Overview:

The Asia Pacific smart lighting market is segmented into solution, network technology, light source, installation type, and application.

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

The hardware segment held the highest market share with 38.0% in 2022. Moreover, services segment is anticipated to grow highest at a rate of 14% over the forecast period.

By Network Technology

Wired

• DALI
• Powerline
• Ethernet
• Other

Wireless

• Wi-Fi
• Zigbee
• BLE
• Z-wave
• ENOCEAN
• 6LoWPAN
• Others

The wired segment held the highest market share with 60.0% in 2022. The wireless segment is likely to grow highest with a growth rate of 14.6% over the forecast period.

By Light Source

• Fluorescent Lamps (FL)
• LED Lamps
• Compact Fluorescent Lamps
• High Intensity Discharge Lamps (HID)
• Others

The FL segment held the highest market share of 41.7% in 2022. Moreover, the LED lamps segment is estimated to be the fastest growing segment with a CAGR of 14.8%.

By Installation Type

• New Installation Types
• Retrofit Installation Types

The new installation types segment held the highest market share of 61.3% in 2022, with the highest CAGR of 14.4%.

By Application

Indoor

• Commercial
• Retail
• Hospitality
• Offices
• Hospital
• Others
• Residential
• Industrial
• Others

Outdoor

• Architectural Lighting
• Street Lighting
• Public Infrastructure

The indoor segment held the highest market share with 60.3% in 2022. The outdoor segment is expected to grow highest with a rate of 13.9% over the forecast period.

Regional Overview

Based on region, the Asia Pacific smart lighting market has been segmented into China, Japan, India, Australia & New Zealand, South Korea, ASEAN, and rest of Asia-Pacific. The ASEAN market is further segmented into Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Rest of ASEAN. The Chinese market for smart lighting held the highest market share of more than 57.7% in 2022, with the highest growth rate around 15.5% over the forecast period. In January 2020, Crompton Greaves Consumer Electricals Ltd. introduced Immensa, a Wi-Fi and Bluetooth enabled LED Lamp, with the assistance of leading e-commerce platform Amazon. The Immensa is the first of a series of smart lighting products from Crompton. With its most recent Wi-Fi and Bluetooth-enabled LED lamp, the Immensa, Crompton debuts its most recent innovation in smart lighting that accommodates every consumer's requirement by offering a wide variety of illumination choices. With this LED lamp, users can still enjoy the simplicity of the app while easily adjusting the illumination from a distance using voice commands.

Competitive Landscape

Signify (Philips Lighting), Legrand S.A., Acuity Brands, Inc., Crompton Greaves Consumer Electricals Ltd, Lutron Electronics, Leviton Manufacturing Company, Inc., Zumtobel Group, Honeywell International Inc., Hubbell Incorporated, GE, Panasonic, RAB Lighting, LightwaveRF PLC, Synapse Wireless, Wipro Enterprise Ltd, Syska LED, LG Electronics, ABB, Enlighted Inc (a Siemens company), and others are some of the well-known companies active in the Asia Pacific smart lighting market. Approximately 40% of the market is controlled by the top four players.

The Asia Pacific smart lighting market report provides insights on the below pointers:

• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Asia Pacific smart lighting market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
• Pricing Analysis: Pricing analysis of various components used in the manufacturing
• Manufacturing Cost Analysis: Cost-share of various components

The Asia Pacific smart lighting market report answers questions such as:

• What is the market size and forecast of the Asia Pacific smart lighting market?
• What are the inhibiting factors and impact of COVID-19 on the Asia Pacific smart lighting market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Asia Pacific smart lighting market?
• What is the competitive strategic window for opportunities in the Asia Pacific smart lighting market?
• What are the technology trends and regulatory frameworks in the Asia Pacific smart lighting market?
• What is the market share of the leading players in the Asia Pacific smart lighting market?
• What modes and strategic moves are considered favorable for entering the Asia Pacific smart lighting market?