Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Light Source (LEDs, Others (halogen lamps, xenon bulbs, incandescent lamps)), By Applications (Entertainment, Stage lighting, Medical, UV Lamps, Others) And Competitive Landscape
Product Code: ETC056674 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Professional Lighting Market |
Forecast period | 2024-2030 |
CAGR | 9.2% |
Forecast Size | USD 40 Billion by 2030 |
Asia Pacific Professional Lighting Market report thoroughly covers the market by light source, application and countries. 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 Asia Pacific professional lighting market was valued at USD 25 billion in 2024, and it is expected to reach USD 40 billion by 2030. This expansion is being driven by increased demand for energy-efficient lighting solutions, technical improvements, and government programs that encourage sustainability and energy conservation throughout the region.
The Asia Pacific professional lighting market has expanded significantly, driven by rapid urbanization, increased government initiatives for energy-efficient lighting solutions, and growing awareness of the benefits of professional lighting over traditional systems. These factors are driving increased adoption rates and a shift toward advanced, sustainable lighting technology across the region.
According to 6Wresearch, Asia Pacific Professional Lighting Market size is expected to grow at a significant CAGR of 9.2% during 2024-2030. The Asia Pacific region has witnessed significant growth in the professional lighting market, driven by various factors. One of the key drivers is the rapid urbanization and infrastructure development in countries like China and India. The increasing number of commercial buildings, stadiums, and public spaces has created a high demand for professional lighting solutions, leading to the Asia Pacific Professional Lighting Market growth. Additionally, the focus on energy efficiency and sustainability has led to a growing adoption of LED lighting technologies in the region. However, there are also challenges that need to be addressed. The competitive landscape, with the presence of both domestic and international players, poses challenges for market players to differentiate themselves. Moreover, the complex regulatory environment and varying standards across different countries in the region can also create hurdles for market growth. Despite these challenges, the Asia Pacific professional lighting market offers immense opportunities for innovation and growth, fostering a dynamic and evolving industry landscape.
The growing need for smart and wireless lighting solutions is one of the prominent trends in the Asia Pacific professional lighting industry. These systems provide improved convenience and energy management and can be operated remotely via mobile devices. Human-centric lighting, which simulates natural light and enhances comfort, well-being, and productivity in workplaces, is also gaining popularity. This tendency is particularly common in workplaces, medical facilities, and educational establishments where lighting has a big influence on productivity and well-being. Since these developments complement the region's drive for smart technology and sustainability, it is anticipated that the market will continue to expand.
The Asia Pacific professional lighting market is expanding rapidly, providing both new and established businesses with profitable investment prospects. Businesses may take advantage of this growth potential by funding R&D to launch cutting-edge lighting solutions that satisfy customer demands for sustainability, smart technology, and energy efficiency. There are other potential to enter unexplored markets, especially in developing nations like India and Southeast Asia. Companies will also be able to meet the growing demand for sophisticated lighting systems and gain a sizable market share in the area by concentrating on energy-efficient lighting technologies like LED and human-centric lighting.
Philips Lighting, Osram GmbH, General Electric Company, Cree Inc., Zumtobel Group AG, Acuity Brands Lighting Inc., and Panasonic Corporation are major participants in the Asia Pacific professional lighting industry. To increase their footprint in the area, these businesses are aggressively concentrating on strategic alliances, mergers, and acquisitions. In order to address the increasing demand for sophisticated professional lighting systems, they are also making significant investments in research and development to deliver cutting-edge lighting solutions, including energy-efficient and smart lighting technologies.
Asia-Pacific governments are putting laws into place to promote the use of energy-efficient lighting. For instance, the Indian government introduced the "UJALA" (Unnat Jyoti by Affordable LEDs for All) program in 2016 to encourage energy-efficient lighting throughout the nation by distributing LED bulbs at discounted prices. In a similar vein, the Chinese government declared in 2019 that it will gradually phase out conventional incandescent light bulbs by 2023 and switch to more energy-efficient models. The goals of these programs are to improve sustainability, lower carbon emissions, and use less energy. The need for energy-efficient lighting solutions in the region is mostly driven by such policies.
The Asia Pacific professional lighting market is expected to increase significantly due to rising demand for sophisticated and energy-efficient lighting solutions. It is anticipated that technological advancements like connected lighting systems and Internet of Things (IoT) integration will quicken market growth. Customers will gain from the emergence of more creative and economical solutions as the competition between major competitors heats up. Furthermore, government programs encouraging energy efficiency, infrastructural development, and urbanization all contribute to market expansion. The Asia Pacific professional lighting market is expected to keep changing as a result of these factors, meeting the region's increasing need for more intelligent and environmentally friendly lighting options.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, the Asia Pacific professional lighting market is anticipated to be led by the LED segment. This is due to the growing need for long-lasting and energy-efficient lighting options as well as the many benefits that LEDs provide, like their minimal maintenance costs and adjustable color selections.
China dominates the Asia Pacific professional lighting market. Rapid urbanization, infrastructure development, and government programs that support energy-efficient lighting solutions are the main drivers of this dominance and are contributing to the nation's market expansion.
The Asia Pacific Professional Lighting market 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 Professional Lighting Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Professional Lighting Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Professional Lighting Market - Industry Life Cycle |
3.4 Asia Pacific Professional Lighting Market - Porter's Five Forces |
3.5 Asia Pacific Professional Lighting Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Asia Pacific Professional Lighting Market Revenues & Volume Share, By Light Source, 2020 & 2030F |
3.7 Asia Pacific Professional Lighting Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Asia Pacific Professional Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Professional Lighting Market Trends |
6 Asia Pacific Professional Lighting Market, 2020 - 2030 |
6.1 Asia Pacific Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
6.2 Asia Pacific Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
7 China Professional Lighting Market, 2020 - 2030 |
7.1 China Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
7.2 China Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
8 India Professional Lighting Market, 2020 - 2030 |
8.1 India Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
8.2 India Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
9 Japan Professional Lighting Market, 2020 - 2030 |
9.1 Japan Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
9.2 Japan Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
10 Australia Professional Lighting Market, 2020 - 2030 |
10.1 Australia Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
10.2 Australia Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
11 Indonesia Professional Lighting Market, 2020 - 2030 |
11.1 Indonesia Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
11.2 Indonesia Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
12 Philippines Professional Lighting Market, 2020 - 2030 |
12.1 Philippines Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
12.2 Philippines Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
13 Thailand Professional Lighting Market, 2020 - 2030 |
13.1 Thailand Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
13.2 Thailand Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
14 Malaysia Professional Lighting Market, 2020 - 2030 |
14.1 Malaysia Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
14.2 Malaysia Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
15 Singapore Professional Lighting Market, 2020 - 2030 |
16 Rest of Asia Professional Lighting Market, 2020 - 2030 |
16.1 Rest of Asia Professional Lighting Market, Revenues & Volume, By Light Source, 2020 - 2030 |
16.2 Rest of Asia Professional Lighting Market, Revenues & Volume, By Applications, 2020 - 2030 |
17 Asia Pacific Professional Lighting Market Key Performance Indicators |
18 Asia Pacific Professional Lighting Market - Opportunity Assessment |
18.1 Asia Pacific Professional Lighting Market Opportunity Assessment, By Countries, 2020 & 2030F |
18.2 Asia Pacific Professional Lighting Market Opportunity Assessment, By Light Source, 2020 & 2030F |
18.3 Asia Pacific Professional Lighting Market Opportunity Assessment, By Applications, 2020 & 2030F |
19 Asia Pacific Professional Lighting Market - Competitive Landscape |
19.1 Asia Pacific Professional Lighting Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Professional Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |