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

Asia Pacific Smart Lighting Market: By Solution (Hardware, Software Tolls/Apps and Services); By Network Technology (Wired and Wireless); Light Source (Fluorescent Lamps (FL), LED Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), and Others); Application (Indoor and Outdoor); Country—Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2022–2030

  • Published On: 24-Oct-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA1022315
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

The Asia Pacific Smart Lighting Market was valued at US$ 4,064.4 Mn in 2021.

The estimated growth rate of the Asia Pacific Smart Lighting Market is 12.6% during 2022-2030.

Increase in the deployment of smart lighting solutions under smart city projects and well-defined standard protocols for lighting control systems are the factors fueling the market growth. 

Incompatibility of smart lighting equipment & security issues among various network components may act as a market restraint. 

The various segmentations considered to analyze the Asia Pacific smart lighting market are based on solution, network technology, light source, installation type, application, and country. 

Growing need for energy-efficient lighting systems is expected to provide an opportunity for market growth. 

The Asia Pacific Smart Lighting Market recorded a dip of 3.38% in 2020. 

Compact fluorescent lamps held the highest segmental share based on the light source in 2021.

Wired type held the highest segmental share in 2021.

Indoor segment was the highest shareholding application segment in 2021.

China has dominated the Asia Pacific Smart Lighting Market in 2021.

The key players in the market are Signify, GE, Crompton, LG Electronics, and Orient among others.