Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Type (LED Bulbs, LED Fixtures, Bare LED Tubes, LED Downlights), By Applications (Indoor, Outdoor, Automotive, Backlighting) And Competitive Landscape
Product Code: ETC056668 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific LED professional lighting market has registered high growth on account of the factors like the key trend observed in the Asia-Pacific LED lighting market is the growing popularity of smart LED lighting due to its higher energy efficiency and the ability to monitor lights at any time from anywhere by using smartphones and tablets. Further, reducing power consumption over traditional lights, automatic off/on, adaptive lighting, and motion activation technology would increase cost savings for households and businesses. Furthermore, Sports events such as the Olympic Games in 2020, the ICC Cricket World Cup in 2023, the Winter Olympics in 2022, and the Asian Games in 2022 are scheduled to take place in the Asia pacific. Additionally, many government initiatives towards energy efficiency in the area contribute enormously to the growth of the LED lighting market in Asia-Pacific. The industry is currently experiencing negative growth due to the growing cases of coronavirus disease (COVID-19) and the temporary closure of various units of production.
According to 6Wresearch, Asia Pacific LED Professional Lighting Market size is projected to witness substantial growth during 2021-27. Currently, China is expected to hold the biggest share in the Asia-Pacific LED lighting market based on region. It is due to the growing demand for energy-efficient and environmentally friendly lighting items in applications such as highways, railways, and houses. For example, the government announced in February 2019 that approximately $120 billion will be invested in railway construction to expand the country's rail network. Additionally, when it comes to developing countries like India, several government initiatives to encourage energy conservation are on the track.
The commercial sector witnessed the maximum deployment of led lighting during 2019, followed by the residential and industrial sectors. When it comes to outdoor LED lighting applications, the Asia Pacific LED lighting market is divided into parks, parking spaces, road networks, transportation, stadiums, and sports complexes, and others where construction, agriculture, and religious institutions are among others. For all, the sub-category for road networks is expected to have the largest market share in 2024.
Some leading players in this market are Osram Licht AG, Cree Inc., Samsung Electronics Co., Zumtobel Group AG. Manufacturing Ltd, and Koito Co. Ltd.
The Asia Pacific LED professional lighting market report thoroughly covers the market by types, technology, services, applications, components, and key countries including India, China, Japan, Singapore, and the rest of Asia Pacific. The Asia Pacific LED professional lighting market outlook provides an unbiased and detailed analysis of the ongoing LED professional lighting 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.
Asia Pacific LED Professional Lighting Market is anticipated to register sound revenues in the forthcoming years on the back of the rising potential growth of the residential sector. The growing population base and rising urbanization have intended to an increase in the construction of the residential building in the developed and developing countries simultaneously propelling installation of LED professional lighting which is further resulting in the substantial growth of the LED professional lighting market in the entire Asia Pacific in the upcoming six years.
Markets Covered
The Household Appliances Market Globally includes the following 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 LED Professional Lighting Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific LED Professional Lighting Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific LED Professional Lighting Market - Industry Life Cycle |
3.4 Asia Pacific LED Professional Lighting Market - Porter's Five Forces |
3.5 Asia Pacific LED Professional Lighting Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific LED Professional Lighting Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific LED Professional Lighting Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Asia Pacific LED Professional Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific LED Professional Lighting Market Trends |
6 Asia Pacific LED Professional Lighting Market, 2017 - 2027 |
6.1 Asia Pacific LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 China LED Professional Lighting Market, 2017 - 2027 |
7.1 China LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 India LED Professional Lighting Market, 2017 - 2027 |
8.1 India LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Japan LED Professional Lighting Market, 2017 - 2027 |
9.1 Japan LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Australia LED Professional Lighting Market, 2017 - 2027 |
10.1 Australia LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Indonesia LED Professional Lighting Market, 2017 - 2027 |
11.1 Indonesia LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Philippines LED Professional Lighting Market, 2017 - 2027 |
12.1 Philippines LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Thailand LED Professional Lighting Market, 2017 - 2027 |
13.1 Thailand LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Thailand LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Malaysia LED Professional Lighting Market, 2017 - 2027 |
14.1 Malaysia LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Malaysia LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
15 Singapore LED Professional Lighting Market, 2017 - 2027 |
16 Rest of Asia LED Professional Lighting Market, 2017 - 2027 |
16.1 Rest of Asia LED Professional Lighting Market, Revenues & Volume, By Product Type, 2017 - 2027 |
16.2 Rest of Asia LED Professional Lighting Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Asia Pacific LED Professional Lighting Market Key Performance Indicators |
12 Asia Pacific LED Professional Lighting Market - Opportunity Assessment |
12.1 Asia Pacific LED Professional Lighting Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific LED Professional Lighting Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 Asia Pacific LED Professional Lighting Market Opportunity Assessment, By Applications, 2020 & 2027F |
13 Asia Pacific LED Professional Lighting Market - Competitive Landscape |
13.1 Asia Pacific LED Professional Lighting Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific LED Professional Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |