Thailand Smart Indoor Lighting Market (2024-2030) | Size, Share, Revenue, Industry, Forecast, Companies, Trends, Growth, Analysis, Value & Outlook

Topics Covered in the Thailand Smart Indoor Lighting Market

Thailand Smart Indoor Lighting Market report thoroughly covers the market by Light Source, By product type, communication technology and applications. The market outlook 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.

Thailand Smart Indoor Lighting Market Synopsis

Thailand Smart Indoor Lighting Market is likely to grow in the forecast period as Smart indoor lighting has emerged as a promising technology in Thailand, especially in large buildings where artificial lighting is majorly consumed. The technology not only enhances the overall experience of the occupants but also reduces energy consumption and environmental impact.

According to 6Wresearch, the Thailand Smart Indoor Lighting Market size is projected to grow at the CAGR of 19.7 % during the forecast period of 2024-2030. The rising demand for energy-efficient lighting systems and the government's initiatives to promote energy conservation practices are the primary drivers of the smart indoor lighting market in Thailand. Smart indoor lighting systems consume up to 80% less energy than traditional lighting systems, thereby reducing electricity bills and promoting sustainable living. Moreover, the integration of smart lighting systems with Internet of Things (IoT) devices, such as sensors, smartphones, and tablets, has further propelled the market growth. The IoT-enabled smart lighting systems can monitor and control lighting usage, adjust the light intensity and color temperature based on occupancy, and provide data analytics for predictive maintenance.

Despite the numerous benefits of smart indoor lighting systems, the market in Thailand faces several challenges. The high initial installation cost of smart lighting systems and the lack of awareness about their benefits among consumers have restrained the Thailand Smart Indoor Lighting Market Growth. Moreover, the lack of standardized communication protocols between different smart lighting devices and platforms has created compatibility issues that pose a challenge for providers and installers. Additionally, the slow pace of digitalization in Thailand's construction industry has resulted in lower adoption of smart lighting systems.

Government policies and schemes introduced in the Thailand Smart Indoor Lighting Market

The government of Thailand has introduced several initiatives to promote and augment the Thailand Smart Indoor Lighting Market Share. One of the most notable initiatives is the Energy Conservation Promotion Act. The act mandates that all new buildings in Thailand must install energy-saving lighting systems such as LED bulbs, T5 fluorescent tubes, and CFLs. Moreover, the government has introduced several tax incentives and rebates to encourage the use of energy-efficient lighting systems. The Thailand Energy Saving Expo, held annually, is another platform that showcases the latest technologies in smart lighting systems and promotes energy conservation practices.

Leading players in the Thailand Smart Indoor Lighting Market

Several local and global players are currently operating in Smart indoor lighting market in Thailand. Some of the key players include Philips Lighting, Osram, Schneider Electric, Acuity Brands, Lutron Electronics, and Cree Inc. The market is witnessing fierce competition, with major players trying to establish a foothold through mergers, acquisitions, and partnerships. For example, in 2018, Signify, a leading lighting solutions provider, acquired a minority stake in Foshan Electrical and Lighting Co., Ltd. (Felco), a Chinese lighting manufacturer, to strengthen its position in the Asia Pacific region.

Market analysis by Light source

According to Shivankar, Research Manager, 6Wresearch, LED lights have gained popularity as they are more environmentally friendly, cost-effective, and have a longer lifespan. It is expected that the LED light segment will dominate the market in the coming years.

Market analysis By Product type

The communication technology used in smart indoor lighting solutions includes wired and wireless communication. The wireless technology is expected to grow in Thailand due to its flexibility in installation and ease of use. The wireless communication technology allows for the management of lighting systems without the need for complex wiring nor large installation teams, thus proving cost-effective.

Market analysis by applications

Smart Indoor lighting is utilized in different applications such as residential, commercial, industrial, and others. Residential smart lighting is the fastest-growing application in the Thai market, driven by the trend of smart home solutions that offer convenience and energy savings. The smart lighting technology also allows for customization of lighting solutions to suit different lifestyles and ambiances desired by households. Commercial lighting applications are also expected to see growth due to the cost savings and energy-efficient features brought about by the usage of Smart indoor lighting.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Smart Indoor Lighting Market Overview
• Thailand Smart Indoor Lighting Market Outlook
• Market Size of Thailand Smart Indoor Lighting Market, 2023
• Forecast of Thailand Smart Indoor Lighting Market, 2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Revenues & Volume for the Period 2020-2030
• Thailand Smart Indoor Lighting Market Trend Evolution
• Thailand Smart Indoor Lighting Market Drivers and Challenges
• Thailand Smart Indoor Lighting Price Trends
• Thailand Smart Indoor Lighting Porter's Five Forces
• Thailand Smart Indoor Lighting Industry Life Cycle
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Light Source for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Fluorescent Lamps for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Light Emitting Diodes for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By High Intensity Discharge Lamps for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Luminaries Smart Bulbs for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Fixtures for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Lighting Controls Led Drivers & Ballasts for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Sensors for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Switches & Dimmers for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Relay Units for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Gateways for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Communication Technology for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Wired for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Wireless for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Commercial for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Industrial for the Period 2020-2030
• Historical Data and Forecast of Thailand Smart Indoor Lighting Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Smart Indoor Lighting Import Export Trade Statistics
• Market Opportunity Assessment By Light Source
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Communication Technology
• Market Opportunity Assessment By Applications
• Thailand Smart Indoor Lighting Top Companies Market Share
• Thailand Smart Indoor Lighting Competitive Benchmarking By Technical and Operational Parameters
• Thailand Smart Indoor Lighting Company Profiles
• Thailand Smart Indoor Lighting Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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

Thailand Smart Indoor Lighting Market (2024-2030)