Posted On: 2021-08-05
Hardware Components acquired the largest revenue share in Asia Pacific Lighting Control Systems Market in recent years – 6Wresearch.
Asia Pacific Lighting Control Systems Market witnessed significant growth during the period 2017-2020 owing to modernization and maintenance activities of existing infrastructure, such as airport terminals, railway stations, highways, stadiums, and other projects in the region, are underway on a large scale. With rising power costs across the region, household and commercial users are rapidly shifting towards energy-efficient and technologically advanced products in order to bring down power consumption. In addition, with the advent of an intelligent ecosystem and the rise of tech-savvy millennials, a gradual shift can be seen with people using advanced lighting control systems, which can be controlled from the smart devices through internet or Bluetooth. Such factors are likely to drive the market in forthcoming years.
According to 6Wresearch, the Asia Pacific Lighting Control Systems Market size is projected to grow at a CAGR of 16.1% during 2021-2027F. The global epidemic of the coronavirus slowed growth in the Asia Pacific lighting control market in 2020 due to supply chain disruptions, price volatility, and production outages. Region-wide government regulations that limit the use of outdated lighting technology such as The Energy Conservation Law of the People's Republic of China and Singapore National Environment Agency plans would shift the interest of end users towards energy-efficient lights which would further create the demand for lighting control systems as these lights consumes less energy compared with their counterpart and can reduce the overall energy consumption rate to a certain level.
According to Ramit Behl, Research Associate, 6Wresearch, "By Communication Protocol, Wired lighting control system market comprise the biggest market share in APAC region owing to its reliable connectivity and low limitation. Additionally, In wired types DALI leads the region owing to its accurate light level control and consistent dimming.”
“Wired Connection is faster than wireless connection technologies, which make the devices react faster to commands, this, in turn, results in the adoption of Wired Communication protocol systems” Ramit further added.
According to Ankur Ugharade, Research Associate, 6Wresearch, "By application, the lighting control system market is dominated in the indoors owing to growing infrastructural projects and consumers transition shift towards smart eco system as huge chunk of population lives in cities thereby consumers are open up to use intelligent lighting systems. Additionally, the lights are more popular in the commercial sector owing to the consumers shift towards smart eco system.”
“Rising income and rural migration to urban areas along with favourable government policies to boost the sales of housing units is likely to drive the growth of the residential sector in the coming years. Thus, opening up avenues for the application of Lighting Control Systems in the region.” Ankur further added.
Notably, country-wise, China accounted for a major market share for the year 2020 in the Asia Pacific region due to its growing infrastructural projects, increasing disposable income, growing population, and vast geographic expansion. In addition, China is one of the leading producer and purchaser of lighting control systems thereby it is able to fulfill its domestic demand thereby is growing at a steady pace, followed by Rest of APAC, Japan, India, Australia & Singapore.
"Asia Pacific Lighting Control Systems Market (2021-2027F)" report provides an in-depth analysis with 80 figures and 56 tables, covered in more than 180 pages. The report estimates and forecasts the Asia Pacific Lighting Control Systems Market by components, applications, communication protocols, and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers, helping the stakeholders devise and align their market strategies according to the current and future market dynamics