Market Forecast By Light Source (Fluorescent Lamps, Light Emitting Diodes, High Intensity Discharge Lamps), By Product Type (Luminaries Smart Bulbs, Fixtures, Lighting Controls Led Drivers & Ballasts, Sensors, Switches & Dimmers, Relay Units, Gateways), By Communication Technology (Wired, Wireless), By Applications (Residential, Commercial, Industrial, Others) and competitive landscape
Product Code: ETC003788 | Publication Date: Aug 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Malaysia Smart Indoor Lighting Market thoroughly covers the market by light types, fuel types, and end users. 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 Malaysia Smart Indoor Lighting Market is projected to reach USD xx billion by 2026. This growth is driven by increasing urbanization, a rising demand for smart homes and buildings, and a growing need for cost-effective, energy-efficient lighting solutions. Government initiatives promoting energy efficiency are also boosting market expansion. Additionally, advancements in technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) are enhancing market growth. These technologies facilitate remote control and customization of lighting systems, improving user convenience, comfort, and energy efficiency.
According to 6Wresearch, Malaysia Smart Indoor Lighting Market size is expected to grow at a significant CAGR of 22.5% during 2025-2031. The market is anticipated to continue expanding with rising demands for smart lighting systems in residential, commercial, as well as industrial sectors. This market will expand as a result of increased adoption of energy-efficient solutions and technical developments. The growing need for energy-efficient lighting solutions is the main factor propelling the Malaysian smart indoor lighting market. Customers are choosing smart lighting systems more frequently than traditional lighting techniques because they provide higher energy efficiency and are more environmentally conscious in light of growing concerns about sustainability and rising electricity bills. The customization and ease of use that smart lighting solutions provide are also propelling the market expansion.
Leading players in the Malaysia Smart Indoor Lighting Market include Philips Lighting, Osram Group, Cree Inc., Acuity Brands Inc., General Electric Company, Schneider Electric SE, Honeywell International Inc., Eaton Corporation PLC, Legrand SA, and Lutron Electronics Co. Inc. These companies are at the forefront of innovation, focusing on developing advanced smart lighting solutions that offer enhanced energy efficiency, functionality, and user experience. Their investments in research and development, along with strategic partnerships, are driving the growth and competitiveness of the smart indoor lighting sector in Malaysia.
The Malaysian government is vigorously advancing energy efficiency and the adoption of smart lighting through multiple initiatives and policies. The National Energy Efficiency Action Plan (NEEAP) targets a 20% reduction in energy intensity by 2025, emphasizing the promotion of energy-efficient lighting systems. Additionally, the Malaysian Green Technology Corporation (MGTC) offers incentives for businesses and individuals who adopt green technologies, such as LED lighting. These efforts are designed to foster widespread adoption of sustainable lighting solutions and support Malaysia's broader goals of reducing energy consumption and enhancing environmental sustainability.
The Malaysia Smart Indoor Lighting Market is poised for substantial growth as consumer awareness of smart lighting benefits increases. The adoption of advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is expected to drive this expansion. These innovations offer enhanced user experiences through features like remote control, automated adjustments, and personalized settings, while also improving energy efficiency. As these technologies evolve and become more accessible, they will further accelerate market growth, making smart lighting solutions more integral to modern homes and buildings.
The Light Emitting Diodes (LEDs) market sector is anticipated to develop at the fastest rate, according the Malaysia Smart Indoor Lighting Market report. The growing market for LED lights is being driven by the increased adoption of these lights due to the growing demand for long-lasting and energy-efficient lighting solutions.
The smart bulb market is the one that is expanding the fastest in Malaysia out of all the markets that were previously discussed. This is explained by their cost, ease of use, and energy efficiency in comparison to other product categories. For consumers wishing to transition to smart lighting solutions, smart bulbs are a great option because they are simple to swap out for conventional incandescent or fluorescent bulbs.
Commercial segment is anticipated to have a dominating share in the overall market. This can be attributed to the growing number of commercial buildings and offices in Malaysia that are increasingly adopting smart lighting solutions for better energy management and cost savings.
Table of Contents |
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. Malaysia Smart Indoor Lighting Market Overview |
3.1. Malaysia Country Macro Economic Indicators |
3.2. Malaysia Smart Indoor Lighting Market Revenues & Volume, 2021 & 2031F |
3.3. Malaysia Smart Indoor Lighting Market - Industry Life Cycle |
3.4. Malaysia Smart Indoor Lighting Market - Porter's Five Forces |
3.5. Malaysia Smart Indoor Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.6. Malaysia Smart Indoor Lighting Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7. Malaysia Smart Indoor Lighting Market Revenues & Volume Share, By Communication Technology, 2021 & 2031F |
3.8. Malaysia Smart Indoor Lighting Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4. Malaysia Smart Indoor Lighting Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Malaysia Smart Indoor Lighting Market Trends |
6. Malaysia Smart Indoor Lighting Market, By Types |
6.1. Malaysia Smart Indoor Lighting Market, By Light Source |
6.1.1 Overview and Analysis |
6.1.2. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Light Source, 2021 - 2031F |
6.1.3. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Fluorescent Lamps, 2021 - 2031F |
6.1.4. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Light Emitting Diodes, 2021 - 2031F |
6.1.5. Malaysia Smart Indoor Lighting Market Revenues & Volume, By High Intensity Discharge Lamps, 2021 - 2031F |
6.2. Malaysia Smart Indoor Lighting Market, By Product Type |
6.2.1. Overview and Analysis |
6.2.2. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Luminaries Smart Bulbs, 2021 - 2031F |
6.2.3. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Fixtures, 2021 - 2031F |
6.2.4. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Lighting Controls Led Drivers & Ballasts, 2021 - 2031F |
6.2.5. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Sensors, 2021 - 2031F |
6.2.6. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Switches & Dimmers, 2021 - 2031F |
6.2.7. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Relay Units, 2021 - 2031F |
6.3. Malaysia Smart Indoor Lighting Market, By Communication Technology |
6.3.1. Overview and Analysis |
6.3.2. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Wired, 2021 - 2031F |
6.3.3 Malaysia Smart Indoor Lighting Market Revenues & Volume, By Wireless, 2021 - 2031F |
6.4. Malaysia Smart Indoor Lighting Market, By Applications |
6.4.1. Overview and Analysis |
6.4.2. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.5. Malaysia Smart Indoor Lighting Market Revenues & Volume, By Others, 2021 - 2031F |
7. Malaysia Smart Indoor Lighting Market Import-Export Trade Statistics |
7.1. Malaysia Smart Indoor Lighting Market Export to Major Countries |
7.2. Malaysia Smart Indoor Lighting Market Imports from Major Countries |
8. Malaysia Smart Indoor Lighting Market Key Performance Indicators |
8.1. Malaysia Residential Sector Outlook |
8.2. Malaysia Commercial Sector Outlook |
8.3. Malaysia Industrial Outlook |
8.4. Malaysia Government Spending Outlook |
8.5. Malaysia Transport & Infrastructure Outlook |
9. Malaysia Smart Indoor Lighting Market - Opportunity Assessment |
9.1. Malaysia Smart Indoor Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.2. Malaysia Smart Indoor Lighting Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3. Malaysia Smart Indoor Lighting Market Opportunity Assessment, By Communication Technology, 2021 & 2031F |
9.4. Malaysia Smart Indoor Lighting Market Opportunity Assessment, By Applications, 2021 & 2031F |
10. Malaysia Smart Indoor Lighting Market - Competitive Landscape |
10.1. Malaysia Smart Indoor Lighting Market Revenue Share, By Companies, 2024 |
10.2. Malaysia Smart Indoor Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |