Asia Pacific Kitchen Lighting Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Product Type (Pendant Lighting, Under Cabinet Lighting, Island Lighting and Track Lighting), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Kitchen Lighting Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
Kitchen lighting can be utilized to assure visibility for practical purposes, or it can be used to enhance the style and illuminate key areas. Kitchen lights go a long way toward designing the ideal kitchen. Technology has provided users as well as manufacturers a lot of options. Good lighting in the kitchen offers the visibility needed to prepare and make meals and can also create a mood and improve the room's overall appearance.
Accidents, improper meal preparation, as well as a less pleasurable cooking experience, can all result from inadequate lighting. Safety is a major factor in the need for proper lighting in the kitchen. The ability to see what is being done is essential while working with hot equipment and sharp utensils. By highlighting potential dangers like electrical cables or wet floors, good illumination can also assist in preventing accidents.
India's home improvement sector is making more money. Home remodeling is driven by the trend toward greater energy efficiency brought on by advantageous government regulations and the need to lower electricity bills. In addition, the fact that India now includes tax credits in its green building standards has contributed to the market's expansion. Similarly to this, the development of the home improvement industry is being boosted by decreasing financing rates and rising land costs. The country's economic expansion, internal and external migration, rising employment, and fast urbanization are other important factors influencing demand. Moreover, due to the government's reduction of taxes and the region's fast urbanization, the market for kitchen lighting is likely to rise.
The China market dominated the Asia Pacific Kitchen Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2021.2 Million by 2028.The Japan market is estimated to grow a CAGR of 7.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.6% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Online and Offline. Based on Product Type, the market is segmented into Pendant Lighting, Under Cabinet Lighting, Island Lighting and Track Lighting. 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 Panasonic Corporation, Acuity Brands Lighting, Inc., Signify N.V., Koninklijke Philips N.V., General Electric Company, Havells India Ltd., Kichler Lighting LLC, Hubbell Incorporated, ams-OSRAM AG, and Lutron Electronics.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Product Type
- Pendant Lighting
- Under Cabinet Lighting
- Island Lighting
- Track Lighting
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Corporation
- Acuity Brands Lighting, Inc.
- Signify N.V.
- Koninklijke Philips N.V.
- General Electric Company
- Havells India Ltd.
- Kichler Lighting LLC
- Hubbell Incorporated
- ams-OSRAM AG
- Lutron Electronics
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