Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, and Rest of Asia), By Sources (High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED) ), By Applications (Commercial, Residential, Government) And Competitive Landscape
Product Code: ETC056667 | Publication Date: May 2021 | Updated Date: Apr 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Asia Pacific energy saving & fluorescent market report thoroughly covers the market by sources, applications, and key countries including China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, and the Rest Of Asia. The Asia Pacific energy saving & fluorescent market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific energy saving & fluorescent 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 popularity of LED lighting, rising government regulations, partnerships and collaborations, demand for advanced lighting solutions, and rising adoption of energy-efficient technologies are some latest developments in the Asia Pacific (APAC) Energy Saving & Fluorescent Market. In the continent, LED lighting has become increasingly popular on account of its long lifespan and energy efficiency. The Asia Pacific (APAC) Energy Saving & Fluorescent Industry is likely to propel more in the future on the back of the initiatives taken by governments across the region in order to promote energy-efficient lighting. Governments in the continent are implementing standards and regulations to reduce carbon emissions and promote energy efficiency. For instance, in India, the Bureau of Energy Efficiency came up with energy efficiency labelling for fluorescent lamps, and it will aid consumers to make informed decisions before buying lighting products. Companies in the sector collaborate and partner in order to develop innovative solutions and products. These developments are contributing to the Asia Pacific (APAC) Energy Saving & Fluorescent Market Growth.
Asia Pacific Energy saving & Fluorescent market is expected to register substantial growth in revenues owing to the increasing rate of modern urbanization along with rising government efforts towards the installation of energy-efficient lighting systems driven by IoT and advanced technology concepts in developed countries across the APAC region. Additionally, increasing financial support by the government towards the development of efficient energy supply, implementation of smart city projects and replacing traditional streetlights with energy-efficient lamps showcase potential growth for the APAC Energy saving & Fluorescent market.
According to 6Wresearch, the Asia Pacific (APAC) Energy Saving & Fluorescent Market size is projected to register substantial growth during 2021-2027. In terms of countries, Japan is expected to dominate the overall APAC energy saving & fluorescent market owing to the fast pace construction of smart cities and the adoption of net-zero energy-building initiatives in the country. Furthermore, China & India energy saving & fluorescent markets are expected to witness potential growth owing to the setup of the UJALA scheme by the Indian government and the financial assistance fund provided for NB-IoT has driven smart lighting projects by the Chinese government to increase energy efficiency in these countries.
The coronavirus pandemic had a mixed impact on the Energy Saving & Fluorescent Market in Asia Pacific. Positive impacts of the market are the rising demand for energy-efficient products and government support. The pandemic led to a rise in awareness of the requirement to reduce carbon emissions and save energy. This is driving the demand for energy-efficient lighting solutions like LED and fluorescent lamps. Supply chain disruptions, economic slowdowns, and delayed projects resulted in the downfall of the market during the pandemic. The pandemic affected the market in both ways but the sector will grow in the future.
The sector is one of the most prominent sectors in the region as the demand for energy-saving lighting is growing across Asian countries owing to innovation and developments in the market. The players in the market focus on innovation in order to provide better products that help in saving energy. Some of the leading players in the Asia Pacific energy saving & fluorescent market are OSRAM, Phillips, ABB Ltd, LEDVANCE, GE, SORAA and Acquity Brands. These leading players have been aiding in the growth of the market since they continuously innovate their products which enhances the quality of products.
Based on sources, the industry in the region is fragmented into high-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), and Light Emitting Diodes (LED). Out of these, LED lamps are expected to dominate the revenues in the APAC energy saving & fluorescent market owing to cost-effective prices, longer life of LEDs in comparison to HID lamps, LFL lamps, and incandescent lights and easy disposal systems in the developed countries across the region.
Based on applications, the market is fragmented into Commercial, Residential, and Government. Out of these, the commercial segment of the APAC energy saving & fluorescent markets is expected to gain momentum owing to sustainable goals for energy efficiency and increased initiative for the development of malls, hotels & commercial places.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Energy Saving & Fluorescent Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Energy Saving & Fluorescent Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Energy Saving & Fluorescent Market - Industry Life Cycle |
3.4 Asia Pacific Energy Saving & Fluorescent Market - Porter's Five Forces |
3.5 Asia Pacific Energy Saving & Fluorescent Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Energy Saving & Fluorescent Market Revenues & Volume Share, By Sources, 2020 & 2027F |
3.7 Asia Pacific Energy Saving & Fluorescent Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Asia Pacific Energy Saving & Fluorescent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Energy Saving & Fluorescent Market Trends |
6 Asia Pacific Energy Saving & Fluorescent Market, 2017 - 2027 |
6.1 Asia Pacific Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
6.2 Asia Pacific Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 China Energy Saving & Fluorescent Market, 2017 - 2027 |
7.1 China Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
7.2 China Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 India Energy Saving & Fluorescent Market, 2017 - 2027 |
8.1 India Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
8.2 India Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Japan Energy Saving & Fluorescent Market, 2017 - 2027 |
9.1 Japan Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
9.2 Japan Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Australia Energy Saving & Fluorescent Market, 2017 - 2027 |
10.1 Australia Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
10.2 Australia Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Indonesia Energy Saving & Fluorescent Market, 2017 - 2027 |
11.1 Indonesia Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
11.2 Indonesia Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Philippines Energy Saving & Fluorescent Market, 2017 - 2027 |
12.1 Philippines Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
12.2 Philippines Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Thailand Energy Saving & Fluorescent Market, 2017 - 2027 |
13.1 Thailand Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
13.2 Thailand Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Malaysia Energy Saving & Fluorescent Market, 2017 - 2027 |
14.1 Malaysia Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
14.2 Malaysia Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
15 Singapore Energy Saving & Fluorescent Market, 2017 - 2027 |
16 Rest of Asia Energy Saving & Fluorescent Market, 2017 - 2027 |
16.1 Rest of Asia Energy Saving & Fluorescent Market, Revenues & Volume, By Sources, 2017 - 2027 |
16.2 Rest of Asia Energy Saving & Fluorescent Market, Revenues & Volume, By Applications, 2017 - 2027 |
17 Asia Pacific Energy Saving & Fluorescent Market Key Performance Indicators |
18 Asia Pacific Energy Saving & Fluorescent Market - Opportunity Assessment |
18.1 Asia Pacific Energy Saving & Fluorescent Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Energy Saving & Fluorescent Market Opportunity Assessment, By Sources, 2020 & 2027F |
18.3 Asia Pacific Energy Saving & Fluorescent Market Opportunity Assessment, By Applications, 2020 & 2027F |
19 Asia Pacific Energy Saving & Fluorescent Market - Competitive Landscape |
19.1 Asia Pacific Energy Saving & Fluorescent Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Energy Saving & Fluorescent Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |