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    Asia Pacific Smart Lighting Market Forecast 2028 By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), By Technology [Wired {PLC (Power Line Control), PoE (Power over Ethernet), DALI (Digital Addressable Lighting Interface), Hybrid}, Wireless {Bluetooth, Zigbee, Wi-Fi, EnOcean, Hybrid}]), By Component (Product [Luminaires {Smart Bulbs, Fixtures}, Light Control {Sensors, Switches & Dimmers, Relays, Router & Gateways, LED Driver & Ballasts}], By Lighting Source (LED, Fluorescent Lamp, CFL (Compact Fluorescent Light), HIDL (High Intensity Discharge Lamp), Research Report, Country Outlook (China, India, Japan, South Korea, Australia & New Zealand (ANZ), Singapore, Taiwan), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1014   |   Delivery: PDF  Request Free Sample

    Asia Pacific Smart Lighting Market size crossed USD 2,480 million in 2021 and is projected to showcase around 17% growth rate between 2022 and 2028.

    As compared to incandescent bulbs, smart lighting systems are known to generate lesser heat and ensure ease of use. This system is also constantly revolutionizing and emerging as an energy-efficient and cost-effective alternative to traditional lighting solutions, playing a major role in curbing carbon emissions.

    Asia Pacific Smart Lighting Market

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    Key producers of lighting solutions in Asia are working to become leading players in the LED lighting market and cater to the demand from both domestic and international consumers. China, for example, is adopting massive decarbonization campaigns, with smart connected LED lights leading the drive forward. The country’s dual carbon strategy, intended to lower its emission by 2030 and reach the carbon-neutral target by 2060, will also be instrumental in the fight against the climate crisis.

    COVID-19 Impact on the Asia Pacific Smart Lighting Market Outlook

    Factors including rapid urbanization and climate change have escalated the shift towards smart cities, especially in the APAC. This transformation is further fueled by the COVID-19 crisis, which has prompted cities to seek new technologies to respond to pandemic-related disruptions. According to a report from UBS AG, the region is forecast to account for over 40% of the global spending in smart cities by 2025. Due to the rising smart city trend, smart bulbs will continue to be largely deployed and result in the rampant industry growth.

    Asia Pacific Market, By Component

    The hardware components segment will gain massive growth in the Asia Pacific smart lighting market through 2028, due to the rising government focus on introducing advanced, smart LED lamps and other lighting components, especially in emerging nations like India. Furthermore, the transition toward meeting energy-saving goals will boost the acceptance of smart bulbs and other hardware components in the APAC region.

    Asia Pacific Market, By Technology

    The Asia Pacific smart lighting market from the wired technology segment accounted for USD 1,690 million revenue in 2021, attributed to the rising consumer preference for efficient lighting products over conventional systems like halogen bulbs.

    The PoE (Power over Ethernet) segment will grow at a significant CAGR between 2022 and 2028, owing to its cost-effectiveness, ease of installation, and other associated benefits. To improve green credentials, automated systems that control the lighting are also attractive in the APAC.

    Asia Pacific Market, By Application

    The installation of smart lighting solutions on highways and roadways is rapidly increasing during the forecast period, boosted by the strong focus on curbing the power consumption of street lighting systems. Furthermore, this system reduces maintenance costs and ensures real-time control and high visibility, resulting in the emergence of highways and roadways as the top beneficiaries of smart lights.

    Asia Pacific Market, By Country

    India smart light market is slated to gain remarkable traction till 2028, credited to the high emphasis on replacing conventional streetlights with smart LEDs. For example, nearly 13.4 million conventional streetlights were aimed to be replaced with smart LEDs in India under the Street Lighting National Program by March 2020.

    Competitive Industry Landscape

    Some of the leading companies involved in the Asia Pacific smart lighting market include Cooper Industries (Eaton), Silver Spring Networks, OSRAM, Acuity Brands, Hubbell, Tvilight, Echelon, Legrand, GE Lighting, Honeywell, Bridgelux, Digital Lumens, Cree, and Philips Lighting. Many companies are adopting the standard tactic of mergers and acquisitions and new product manufacturing to retain their position in the market.

    Frequently Asked Question(FAQ) :

    How big is Asia Pacific smart lighting market?
    The market size for smart lighting in Asia Pacific was exceeded USD 2.48 billion in 2021 and is anticipated to register around 17% CAGR between 2022 and 2028.
    Why are smart lighting hardware being widely used by clients?
    The industry size for smart lighting hardware in Asia Pacific will exhibit an impressive growth rate through 2028 because the regional governments are focusing on launching innovative and smart LED lamps to make efficient use of electricity.
    What is the role of smart lighting products in highways and roadways?
    The highways & roadways segment will hold a sizeable share of the APAC smart lighting industry by 2028 due to the rising focus on curbing the energy consumption of conventional street lighting systems.
    Who are the prominent manufacturers of smart lighting systems in Asia Pacific?
    Silver Spring Networks, Cooper Industries (Eaton), Acuity Brands, OSRAM, Tvilight, Hubbell, Echelon, and Legrand, among others, are the top industry participants.

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