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Asia Pacific Luminaires Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Asia Pacific Luminaires Market: By Fixture Type (Direct Lights, Downlights, Accent Lights and Indirect Lights); By Mounting Type (Ceiling Mounted, Suspended, Recessed, Architectural and Wall Mounted among others); Application (Indoor and Outdoor); End User (Commercial Offices, Industrial and Residential); Distribution Channel (Direct Sales, Wholesale Retail and Online Stores); Country—Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023–2030

  • Published Date: 10-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0223365  | Delivery: 2 to 4 Hours

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 26.4 Billion
Expected Revenue in 2030US$ 80.9 Billion
Historic Data2017-2022
Base Year2022
Forecast Period2023-2030
UnitValue (USD Bn)
CAGR15% (2023-2030)
Segments coveredBy Fixture Type, By Mounting Type, By Application, By End-User, By Region
Key Companies                                                                                 Acuity Brands Inc., Eaton, Wolfspeed, Dialight PLC, General Electric Company, Heliospectra AB, Hubbell Incorporated, Nichia Corporation, OSRAM GmbH, Panasonic Corporation, Phillips Lighting Holding B.V., Samsung, Savant Systems Inc., Sharp Corporation, Virtual Extension, Zumtobel Group AG, Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

The Asia Pacific Luminaires Market was valued at US$ 26.4 Bn in 2022.

The market is projected to have a CAGR of 15% during the forecast period.

Rising adoption of LED lighting, increasing innovation in lighting fixtures and favorable government policies are the factors driving the Asia Pacific Luminaires Market.

High initial costs and development of alternative technologies are expected to restraint market growth.

The segmentations considered to analyze the Asia Pacific Luminaires Market are based on fixture type, mounting type, application, end user, distribution channel and country.

Direct lights segment held the highest segmental share in 2022.

Indoor segment is the highest shareholding application segment in 2022.

Industrial segments such as retail, hospitality and hospitals among others are the highest end users in the Asia Pacific Luminaires Market.

Direct sales is the highest shareholding distribution channel in 2022.

China dominates the Asia Pacific Luminaires Market in 2022.

The key players analyzed in the market are General Electric Company, Hubbell Incorporated, OSRAM GmbH, Eaton, Panasonic Corporation, Dialight PLC, Acuity Brands Inc., Samsung, Phillips Lighting Holding B.V., Virtual Extension and Heliospectra AB among others. 

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