The Asia Pacific Industrial and Commercial LED Lighting Market would witness market growth of 18.1% CAGR during the forecast period (2022-2028).
When compared to HID lighting, the Appleton Contender LED Luminaires provide energy savings of up to 65%. Those luminaires offer lighting solutions for low clearance locations owing to their low-profile design. The expansion of new oil and gas plant projects in China, India, and Indonesia, which coincide with the policies for converting from coal to gas, are anticipated to support the rise in demand for LED lighting in industrial areas.
For example, China intended and declared the construction of around 305 petrochemical plants, with a cumulative capacity of approximately 152.4 MTPA, by 2030. Hengli Petrochemical as well as China Petrochemical Corp. will contribute significantly to this increase in capacity. As a result, the market has a lot of room to grow over the projection period due to the optimistic oil and gas sector.
Longevity, reduced operational costs, energy efficiency, and the capacity to give an ever-shorter return on investment (ROI) are characteristics of LED that may eventually fuel demand for it in the industrial lighting sector. Additionally, since LEDs don't emit any harmful ultraviolet or infrared radiation, they have a number of advantages over other lighting technologies.
In order to increase aesthetics and provide spectacular illumination in buildings, public spaces, roadways, and other areas, there is an expanding demand for commercial lights. Additionally, China's government has expanded incentives to promote high-efficiency lighting equipment, which has led to a rise in the use of commercial lighting.
The China market dominated the Asia Pacific Industrial and Commercial LED Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,447.8 million by 2028.The Japan market is estimated to grow at a CAGR of 17.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18.8% during (2022 - 2028).
Based on Product Type, the market is segmented into LED Lamps and LED Fixtures. Based on Application, the market is segmented into Indoor Lighting and Outdoor Lighting. Based on End User, the market is segmented into Commercial and Industrial. 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 Industrial and Commercial LED Lighting Market is Projected to reach USD 91.5 Billion by 2028, at a CAGR of 17.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dialight PLC, Eaton Corporation, General Electric (GE) Co., Signify N.V., AMS AG (OSRAM Licth AG), Syska LED Lights Private Limited, Toshiba Corporation, Zumtobel Group AG, Deco Lighting, Inc., and Wolfspeed, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Application
- Indoor Lighting
- Outdoor Lighting
By End User
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Dialight PLC
- Eaton Corporation
- General Electric (GE) Co.
- Signify N.V.
- AMS AG (OSRAM Licth AG)
- Syska LED Lights Private Limited
- Toshiba Corporation
- Zumtobel Group AG
- Deco Lighting, Inc.
- Wolfspeed, 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 Industrial and Commercial LED Lighting Market, by Product Type
1.4.2 Asia Pacific Industrial and Commercial LED Lighting Market, by Application
1.4.3 Asia Pacific Industrial and Commercial LED Lighting Market, by End User
1.4.4 Asia Pacific Industrial and Commercial LED 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
3.2.4 Geographical Expansions
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: 2019, Apr – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Industrial and Commercial LED Lighting Market by Product Type
4.1 Asia Pacific LED Lamps Market by Country
4.2 Asia Pacific LED Fixtures Market by Country
Chapter 5. Asia Pacific Industrial and Commercial LED Lighting Market by Application
5.1 Asia Pacific Indoor Lighting Market by Country
5.2 Asia Pacific Outdoor Lighting Market by Country
Chapter 6. Asia Pacific Industrial and Commercial LED Lighting Market by End User
6.1 Asia Pacific Commercial Market by Country
6.2 Asia Pacific Industrial Market by Country
Chapter 7. Asia Pacific Industrial and Commercial LED Lighting Market by Country
7.1 China Industrial and Commercial LED Lighting Market
7.1.1 China Industrial and Commercial LED Lighting Market by Product Type
7.1.2 China Industrial and Commercial LED Lighting Market by Application
7.1.3 China Industrial and Commercial LED Lighting Market by End User
7.2 Japan Industrial and Commercial LED Lighting Market
7.2.1 Japan Industrial and Commercial LED Lighting Market by Product Type
7.2.2 Japan Industrial and Commercial LED Lighting Market by Application
7.2.3 Japan Industrial and Commercial LED Lighting Market by End User
7.3 India Industrial and Commercial LED Lighting Market
7.3.1 India Industrial and Commercial LED Lighting Market by Product Type
7.3.2 India Industrial and Commercial LED Lighting Market by Application
7.3.3 India Industrial and Commercial LED Lighting Market by End User
7.4 South Korea Industrial and Commercial LED Lighting Market
7.4.1 South Korea Industrial and Commercial LED Lighting Market by Product Type
7.4.2 South Korea Industrial and Commercial LED Lighting Market by Application
7.4.3 South Korea Industrial and Commercial LED Lighting Market by End User
7.5 Singapore Industrial and Commercial LED Lighting Market
7.5.1 Singapore Industrial and Commercial LED Lighting Market by Product Type
7.5.2 Singapore Industrial and Commercial LED Lighting Market by Application
7.5.3 Singapore Industrial and Commercial LED Lighting Market by End User
7.6 Malaysia Industrial and Commercial LED Lighting Market
7.6.1 Malaysia Industrial and Commercial LED Lighting Market by Product Type
7.6.2 Malaysia Industrial and Commercial LED Lighting Market by Application
7.6.3 Malaysia Industrial and Commercial LED Lighting Market by End User
7.7 Rest of Asia Pacific Industrial and Commercial LED Lighting Market
7.7.1 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Product Type
7.7.2 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Application
7.7.3 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by End User
Chapter 8. Company Profiles
8.1 General Electric (GE) Co.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Eaton Corporation PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Signify N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.4 AMS AG (OSRAM Licth AG)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Syska LED Lights Private Limited
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Dialight PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Toshiba Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research and Development Expense
8.7.5 SWOT Analysis
8.8 Zumtobel Group AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Geographical Expansions:
8.9 Deco Lighting, Inc.
8.9.1 Company Overview
8.10. Wolfspeed, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:
TABLE 1 Asia Pacific Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Industrial and Commercial LED Lighting Market
TABLE 4 Product Launches And Product Expansions – Industrial and Commercial LED Lighting Market
TABLE 5 Acquisition and Mergers – Industrial and Commercial LED Lighting Market
TABLE 6 Geographical Expansions – Industrial and Commercial LED Lighting Market
TABLE 7 Asia Pacific Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific LED Lamps Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific LED Lamps Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific LED Fixtures Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific LED Fixtures Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Indoor Lighting Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Indoor Lighting Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Outdoor Lighting Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Outdoor Lighting Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Industrial and Commercial LED Lighting Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Industrial and Commercial LED Lighting Market by Country, 2022 - 2028, USD Million
TABLE 27 China Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 28 China Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 29 China Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 30 China Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 31 China Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 32 China Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 33 China Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 34 China Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 35 Japan Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 36 Japan Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 37 Japan Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 38 Japan Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 39 Japan Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 40 Japan Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 41 Japan Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 42 Japan Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 43 India Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 44 India Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 45 India Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 46 India Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 47 India Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 48 India Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 49 India Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 50 India Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 51 South Korea Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 52 South Korea Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 53 South Korea Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 54 South Korea Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 55 South Korea Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 56 South Korea Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 57 South Korea Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 58 South Korea Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 59 Singapore Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 60 Singapore Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 61 Singapore Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Singapore Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Singapore Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 64 Singapore Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 65 Singapore Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 66 Singapore Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 67 Malaysia Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 68 Malaysia Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 69 Malaysia Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 70 Malaysia Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 71 Malaysia Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 72 Malaysia Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 73 Malaysia Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 74 Malaysia Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Industrial and Commercial LED Lighting Market, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Industrial and Commercial LED Lighting Market, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Product Type, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Product Type, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Application, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by Application, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by End User, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Industrial and Commercial LED Lighting Market by End User, 2022 - 2028, USD Million
TABLE 83 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 84 key information – Eaton Corporation PLC
TABLE 85 Key Information – Signify N.V.
TABLE 86 Key Information – AMS AG
TABLE 87 Key Information – Syska LED Lights Private Limited
TABLE 88 key information – Dialight PLC
TABLE 89 Key Information – Toshiba Corporation
TABLE 90 key information – Zumtobel Group AG
TABLE 91 Key Information – Deco Lighting, Inc.
TABLE 92 Key Information – Wolfspeed, 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: 2019, Apr – 2022, Aug) Leading Players
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Recent strategies and developments: Signify N.V.
FIG 8 SWOT Analysis: Toshiba Corporation