Asia Pacific Architectural Lighting Market Size, Share & Industry Trends Analysis Report By Application Area (Indoor and Outdoor), By End User (Commercial and Residential), By Light Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Architectural Lighting Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
With the added benefits of low energy consumption and decreased infrared ray emission, the conversion of light bulb sources from fluorescent to HID, LED to OLED, and so on, is continuously improving and expanding the application of light. Additionally, the LED or OLED lens technology improves fixtures photo metrically to cover and direct the light onto the desired place in a focused manner. As a result of the enhanced lighting, it was possible to build additional fixtures that would fit into the cove of the ceiling, eliminating direct light and providing the space with a softer lighting atmosphere.
The market is being propelled by the rising demand for the use of LED bulbs in lights and fixtures for office buildings and homes. LEDs have increased the architectural lighting fixture's design flexibility and its use in anything from illumination to display lighting. The idea of "communicative lighting" refers to using architectural lighting as a kind of visual communication to enlighten passersby and improve the appearance and functionality of a building's exterior. Another significant aspect promoting the adoption of architectural lighting is the requirement for communicative or medialized lighting on skyscrapers or tall buildings.
Home automation and energy management are two important market categories for smart homes in China. These two companies' combined shares in 2016 were greater than 60%. Devices with smart lights are enticing new users to try them out. Energy-saving smart lighting technology is effective and environmentally friendly. Since pollution is a significant problem in China, the majority of smart home appliances are developed with green energy in mind. With a growing middle-class and upper-class population, a government IoT policy, a high internet penetration rate, a sizable user base, and a robust local manufacturing sector, China's smart homes market have a lot of reasons to grow. These factors will encourage the use of smart home technology in lower- and middle-income segments.
The China market dominated the Asia Pacific Architectural Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,543.4 Million by 2028.The Japan market is estimated to grow at a CAGR of 10% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11.3% during (2022 - 2028).
Based on Application Area, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial and Residential. Based on Light Type, the market is segmented into Light-Emitting Diode (LED), High-Intensity Discharge (HID) and Othersv. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Acuity Brands Lighting, Inc., Ideal Industries, Inc., Delta Light N.V., Current Lighting Solutions, LLC, Siteco GmbH, Signify N.V., Zumtobel Group AG, and Technical Consumer Products, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application Area
By End User
By Light Type
- Light-Emitting Diode (LED)
- High-Intensity Discharge (HID)
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Acuity Brands Lighting, Inc.
- Ideal Industries, Inc.
- Delta Light N.V.
- Current Lighting Solutions, LLC
- Siteco GmbH
- Signify N.V.
- Zumtobel Group AG
- Technical Consumer Products, Inc
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