The Asia Pacific Energy Efficient Lighting Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
Energy efficiency is defined as the reduction of a product's energy consumption without impacting its output, final response, or user comfort levels. When compared to a product that uses more energy to fulfill the same job, an energy efficient product uses less energy. The lighting sector's energy efficiency provides the required illumination level of the lighting scheme for the application for which it was intended while using the least amount of energy. Simply said, energy efficient lighting saves electricity while maintaining a high level of light quality and quantity.
Traditional lamps (such as incandescent lamps) are replaced (or re-lamped) with energy efficient lamps such as fluorescent lamps, CFL lamps, and LED lamps for energy efficient illumination. It also includes illumination controls such as timers, PIR and ultrasonic sensors-based controls, and so on. It includes automatically turning off lights when they are not in use, especially during daylight hours. Electronic chokes are used instead of ballasts in traditional lighting, and electronic circuitry is used to achieve dimming of lights when necessary.
The need for energy has increased significantly as the Indian economy has risen. Furthermore, the high energy intensity of several sectors is a source of worry. In such a setting, the efficient use of energy resources and their conservation become critical for reducing wasteful consumption and ensuring long-term development. Recognizing that efficient energy usage and conservation are the most cost-effective way to satisfy rising energy demand, the Indian government enacted the Energy Conservation Act, 2001, and formed the Bureau of Energy Efficiency in March 2002.
The Act establishes and strengthens the delivery system for energy efficiency services in the country, as well as provides much-needed coordination among the various authorities. Energy conservation is a national cause, and people must all join hands and make every effort to make India an energy efficient economy and society so that India can compete not only in the local market but also in the international market.
The China market dominated the Asia Pacific Energy Efficient Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,189.3 Million by 2028. The Japan market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 9.8% during (2022 - 2028).
Based on Type, the market is segmented into Light Emitting Diodes (LED), Linear Fluorescent Lamps (LFL), High-Intensity Discharge Lamps (HID) and Others. Based on Application, the market is segmented into Commercial, Industrial, and Home. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Energy Efficient Lighting Market is Projected to reach USD 42.6 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ams-OSRAM AG, Signify N.V., Savant Systems, Inc., Toshiba Corporation, ABB Group, Schneider Electric SE, Advanced Lighting Technologies Australia, Inc., Nichia Corporation, Bridgelux, Inc., and Digital Lumens, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Light Emitting Diodes (LED)
- Linear Fluorescent Lamps (LFL)
- High-Intensity Discharge Lamps (HID)
- Others
By Application
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ams-OSRAM AG
- Signify N.V.
- Savant Systems, Inc.
- Toshiba corporation
- ABB Group
- Schneider Electric SE
- Advanced Lighting Technologies Australia, Inc.
- Nichia Corporation
- Bridgelux, Inc.
- Digital Lumens, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Energy Efficient Lighting Market, by Type
1.4.2 Asia Pacific Energy Efficient Lighting Market, by Application
1.4.3 Asia Pacific Energy Efficient Lighting Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, May) Leading Players
Chapter 4. Asia Pacific Energy Efficient Lighting Market by Type
4.1 Asia Pacific Light Emitting Diodes (LED) Market by Country
4.2 Asia Pacific Linear Fluorescent Lamps (LFL) Market by Country
4.3 Asia Pacific High-Intensity Discharge Lamps (HID) Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Energy Efficient Lighting Market by Application
5.1 Asia Pacific Commercial Market by Country
5.2 Asia Pacific Industrial Market by Country
5.3 Asia Pacific Home Market by Country
Chapter 6. Asia Pacific Energy Efficient Lighting Market by Country
6.1 China Energy Efficient Lighting Market
6.1.1 China Energy Efficient Lighting Market by Type
6.1.2 China Energy Efficient Lighting Market by Application
6.2 Japan Energy Efficient Lighting Market
6.2.1 Japan Energy Efficient Lighting Market by Type
6.2.2 Japan Energy Efficient Lighting Market by Application
6.3 India Energy Efficient Lighting Market
6.3.1 India Energy Efficient Lighting Market by Type
6.3.2 India Energy Efficient Lighting Market by Application
6.4 South Korea Energy Efficient Lighting Market
6.4.1 South Korea Energy Efficient Lighting Market by Type
6.4.2 South Korea Energy Efficient Lighting Market by Application
6.5 Singapore Energy Efficient Lighting Market
6.5.1 Singapore Energy Efficient Lighting Market by Type
6.5.2 Singapore Energy Efficient Lighting Market by Application
6.6 Malaysia Energy Efficient Lighting Market
6.6.1 Malaysia Energy Efficient Lighting Market by Type
6.6.2 Malaysia Energy Efficient Lighting Market by Application
6.7 Rest of Asia Pacific Energy Efficient Lighting Market
6.7.1 Rest of Asia Pacific Energy Efficient Lighting Market by Type
6.7.2 Rest of Asia Pacific Energy Efficient Lighting Market by Application
Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Toshiba Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research and Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Schneider Electric SE
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental And Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 Signify N.V.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.4.5.3 Product Launches and Product Expansions:
7.5 ams-OSRAM AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Nichia Corporation
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.7 Savant Systems, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Product Launches and Product Expansions:
7.7.2.3 Acquisition and Mergers:
7.8 Advanced Lighting Technologies Australia, Inc.
7.8.1 Company Overview
7.9 Bridge lux, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Digital Lumens, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Energy Efficient Lighting Market
TABLE 4 Product Launches And Product Expansions– Energy Efficient Lighting Market
TABLE 5 Acquisition and Mergers– Energy Efficient Lighting Market
TABLE 6 Asia Pacific Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Light Emitting Diodes (LED) Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Light Emitting Diodes (LED) Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Linear Fluorescent Lamps (LFL) Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Linear Fluorescent Lamps (LFL) Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific High-Intensity Discharge Lamps (HID) Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific High-Intensity Discharge Lamps (HID) Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Home Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Home Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Energy Efficient Lighting Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Energy Efficient Lighting Market by Country, 2022 - 2028, USD Million
TABLE 26 China Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 27 China Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 28 China Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 29 China Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 30 China Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 31 China Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 32 Japan Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 33 Japan Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 34 Japan Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 35 Japan Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 36 Japan Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 37 Japan Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 38 India Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 39 India Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 40 India Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 41 India Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 42 India Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 43 India Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 44 South Korea Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 45 South Korea Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 46 South Korea Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 47 South Korea Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 48 South Korea Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 49 South Korea Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 50 Singapore Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 51 Singapore Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 52 Singapore Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 53 Singapore Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 54 Singapore Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 55 Singapore Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 56 Malaysia Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 57 Malaysia Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 58 Malaysia Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 59 Malaysia Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 60 Malaysia Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 61 Malaysia Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 62 Rest of Asia Pacific Energy Efficient Lighting Market, 2018 - 2021, USD Million
TABLE 63 Rest of Asia Pacific Energy Efficient Lighting Market, 2022 - 2028, USD Million
TABLE 64 Rest of Asia Pacific Energy Efficient Lighting Market by Type, 2018 - 2021, USD Million
TABLE 65 Rest of Asia Pacific Energy Efficient Lighting Market by Type, 2022 - 2028, USD Million
TABLE 66 Rest of Asia Pacific Energy Efficient Lighting Market by Application, 2018 - 2021, USD Million
TABLE 67 Rest of Asia Pacific Energy Efficient Lighting Market by Application, 2022 - 2028, USD Million
TABLE 68 Key Information – ABB Group
TABLE 69 Key Information – Toshiba Corporation
TABLE 70 Key information – Schneider Electric SE
TABLE 71 Key Information – Signify N.V.
TABLE 72 Key Information – ams-OSRAM AG
TABLE 73 key information – Nichia Corporation
TABLE 74 Key Information – Savant Systems, Inc.
TABLE 75 Key Information – Advanced Lighting Technologies Australia, Inc.
TABLE 76 Key Information – Bridgelux, Inc.
TABLE 77 Key Information – Digital Lumens, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, May) Leading Players
FIG 6 Recent strategies and developments: ABB Group
FIG 7 SWOT Analysis: ABB Group
FIG 8 SWOT Analysis: Toshiba Corporation
FIG 9 Recent strategies and developments: Schneider Electric SE
FIG 10 Swot analysis: Schneider Electric SE
FIG 11 Recent strategies and developments: Signify N.V.
FIG 12 Recent strategies and developments: Savant Systems, Inc.
FIG 13 Recent strategies and developments: Bridgelux, Inc.