Market Report By Types (LED Lamps, LED Luminaires), By Applications (Outdoor Lighting, Indoor Lighting, Automotive Lighting, Railway Lighting & Others), By End Users (Commercial, Residential, Industrial), By Counties(India, China, Japan, Australia, Indonesia, Malaysia, Thailand & Rest of the Asia Pacific) and Competitive Landscape.
Product Code: ETC001232 | Publication Date: Aug 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific LED Lighting and Fixtures Market |
Forecast period | 2025-2031 |
CAGR | 10.5% |
Growing Sector | Residental |
Asia Pacific LED Lighting and Fixtures Market report thoroughly covers the market by type, application, countries and end-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The market for LED lighting and fixtures in Asia Pacific is expanding rapidly due to rising energy efficiency requirements and the spread of smart lighting technologies. Rising urbanisation and government programs supporting green infrastructure are expected to propel market growth, bringing cutting-edge solutions to the commercial, industrial, and residential domains.
According to 6Wresearch, Asia Pacific LED Lighting and Fixtures Market size is expected to grow at a significant CAGR of 10.5% during 2025-2031. Energy-efficient lighting solutions, a growing focus on sustainable practices, and developments in smart technology that improve user experience and operational efficiency are all credited with this expansion. The market is expected to see growth during the projected period due to the growing demand for LED lighting solutions from both consumers and companies that aim to minimise their energy expenses and environmental impact. Furthermore, the Asia Pacific LED Lighting and Fixtures Market is anticipated to grow even faster due to the swift urbanisation and industrialisation of growing nations like China and India.
In addition, the growing emphasis on home automation and smart lighting solutions, the residential sector is anticipated to account for a sizeable portion of the Asia Pacific LED Lighting and Fixtures Market. Energy-efficient construction initiatives and smart city projects are driving significant growth in the commercial sector. Government laws requiring the use of energy-efficient lighting options are also driving the market's expansion. Another significant element driving the market is the industrial sector, where the need for efficient lighting in warehouses and factories is being driven by growing industrialisation.
There are still a number of challenges in the way of the Asia Pacific LED Lighting and Fixtures Market rapid expansion. These include the requirement for large upfront expenditures in smart lighting systems and the fierce competition among market competitors, which can put pressure on prices. Furthermore, different nations may have different laws and standards, which can make it more difficult for manufacturers to enter new markets and maintain compliance.
Some significant companies that are operating in the market and continuously contributing to its success are Philips Lighting, Osram, and Cree, which are recognized for their extensive product portfolios and advanced technologies in LED solutions. Asia Pacific industries are driving the growth of the smart lighting industry and influencing future lighting solutions by improving energy efficiency, product quality, and IoT integration in smart lighting systems.
Government regulations support energy efficiency and sustainable practices in the Asia Pacific LED Lighting and Fixtures Market. LED lighting is required in infrastructure projects and public buildings in nations like South Korea and Japan. By encouraging innovation in LED lighting systems, these laws drive manufacturers to better match with changing efficiency requirements, support sustainable energy practices, and increase market competitiveness.
The Asia Pacific LED Lighting and Fixtures Market appears to have a bright future due to further technology breakthroughs and an increasing emphasis on sustainability. The assimilation of IoT and AI technologies into lighting systems is anticipated to augment operational efficiency and user experience, consequently resulting in increased acceptance across diverse industries, as smart city projects gather traction. The demand for LEDs will also be boosted by growing awareness of the negative environmental effects of traditional lighting, which will encourage consumers and companies to switch to more environmentally friendly options. The market is poised for steady expansion with ongoing government assistance in the form of energy-savings-focused incentives and regulations.
It is anticipated that by 2030, the transition to more reasonably priced and inventive LED solutions would completely rewrite lighting norms, turning increased energy efficiency into a basic expectation rather than merely a legal necessity throughout the Asia Pacific area. In general, the Asia Pacific LED Lighting and Fixtures Market offers a multitude of chances for companies to enter a quickly expanding sector that is influencing the global landscape of lighting solutions. Businesses may become major participants in this ever-changing market landscape by adopting innovation and staying ahead of industry trends.
According to Dhaval, Research Manager, 6Wresearch, LED Lamps and LED Luminaires are the two primary segments of the Asia Pacific LED Lighting and Fixtures Market. With better performance and longer lifespans, LED lights provide energy-efficient options for use in commercial, industrial, and residential settings. LED luminaires, which are fixtures that hold LED lights, are well-liked for both their practicality and visual appeal. As cities and companies modernise their lighting infrastructure for energy efficiency and aesthetic enhancement, the market is anticipated to expand.
The markets for outdoor lighting, indoor lighting, automotive lighting, railway lighting, and others make up the Asia Pacific LED Lighting and Fixtures Market. While indoor illumination is increasing because of smart homes and offices, outside lighting is essential for public areas. Headlights and taillights on cars are becoming brighter and more efficient thanks to advancements in automotive lighting. Railway lighting is attractive to modern train networks because it uses less energy and requires less maintenance. Additional uses include custom lighting for theatres, museums, and retail establishments. These sections demonstrate the broad range of applications for LED lighting systems in advancing sustainability and energy efficiency.
There are three primary segments of the Asia Pacific LED Lighting and Fixtures Market: Commercial, Residential, and Industrial. While residential customers are looking for LED lighting solutions for their functionality and beauty, commercial users are increasingly investing in energy-efficient solutions to lower operating expenses. Consumer awareness of energy costs and environmental sustainability drives the residential market, while the industrial sector looks for high-performing, long-lasting, and energy-efficient solutions for manufacturing and warehouse operations. The various ways that LED lighting is used in these industries are highlighted by this categorisation.
Numerous nation-specific factors, such as urbanisation rates, government initiatives, and consumer preferences, influence the Asia Pacific LED lighting industry. Due to their quick development and robust manufacturing bases, nations like China and India are in the lead in terms of demand, whereas Australia and Japan prioritise sustainability and quality, respectively. Infrastructure developments and improved awareness are driving growth in emerging markets such as Malaysia and Indonesia.
The Asia Pacific LED Lighting and Fixtures Market report provides a detailed analysis of the following market segments
Market Report By Types (LED Lamps, LED Luminaires), By Applications (Outdoor Lighting, Indoor Lighting, Automotive Lighting, Railway Lighting & Others), By End Users (Commercial, Residential, Industrial), By Counties(India, China, Japan, Australia, Indonesia, Malaysia, Thailand & Rest of the Asia Pacific) and Competitive Landscape.
Product Code: ETC001232 | Publication Date: Oct 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific (APAC) LED lighting and fixtures market is expected to grow in the near future owing to increasing demand for energy efficient lighting system in the residential sector. The growing construction market coupled with rising government investment in infrastructure projects such as Smart Cities projects in various countries in the APAC region would create huge growth potential for LED lighting and fixtures market.
According to 6Wresearch, Asia Pacific (APAC) LED Lighting And Fixtures Market size is projected to witness significant growth in 2019-25. Japan is the leading Revenues and Volume generating country in the APAC market owing to the presence of a well-established LED manufacturing sector in the country. However, China and India markets are expected to register high growth over the forecast period owing to growing government initiatives to promote the LED lighting market in the country. For instance, the Government of India had launched an initiative in 2016 to replace conventional lights by LED lights by deploying 770 million bulbs and 35 million street lights by the end of 2019 resulting in high demand for LED lightings in the country. Further, India government also launched Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), under which 273 lakhs LED bulbs have to be distributed to BPL households in the country.
Based on applications, outdoor segmented accounted for a major share of market demand owing to the high installation in the street lights. By end user, residential sector has maximum demand for LED lighting due to the aesthetic and decorative ambience offered by LED lighting and fixtures.
The Asia Pacific LED lighting and fixtures market report thoroughly covers the market by types, applications, end users and countries including Japan, China, India, Australia, Thailand, Malaysia, Indonesia and Rest of Asia Pacific. The Asia Pacific LED lighting and fixtures market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific LED lighting and fixtures market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The APAC LED Lighting and Fixtures Market report provides a detailed analysis of the following market segments:
Other Key Reports Available:
LED Lighting Event
Mr. Rajjat Kharbanda- Client Partner at 6Wresearch presented his views on LED market at recently held LED Expo 2019 Event with ET Realty.
In conversation with Ankit Sharma of ETRealty, Rajat Kharbanda, Client Partner, 6WResearch said the residential sector was the major driving factor for lighting industry but going forward industrial and commercial sectors are expected to drive growth. Adoption of smart lighting is currently low but is expected to increase going forward.