The Asia Pacific Lamps Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).
Developing new homes for the homeless is a priority for governments in emerging nations like China and India, fueling the expansion of the lamps market in the region. In emerging nations, the demand for lights in the residential, commercial, and industrial sectors is rising due to rapid urbanization and infrastructural development. Lighting solutions are needed for new construction and public areas, which are expanding the market.
Moreover, the growth of the hospitality and tourism industries, which includes hotels, restaurants, and entertainment venues, has boosted demand for visually beautiful and practical lighting solutions, which has benefited the lamp industry. A few important elements influencing the expansion of this market are the abundance of retail outlets and several benefits linked to this choice, including excellent product quality, on-site product verification, and immediate product availability.
In the retail and wholesale options, products are sold by retailers, dealers, and affiliates. These channel partners typically have a well-established presence in regional marketplaces and the means to inexpensively reach their target audiences. These ideas have helped light manufacturing businesses create cutting-edge goods. Therefore, in the coming years, this market will expand rapidly.
Asia Pacific is a significant supplier of LED packages and chips. A significant aspect in deciding the value and cost of LED luminaires is the accessibility of production facilities in China, Taiwan, South Korea, and Japan. The primary causes are the government's promotion efforts and the growing adoption of cutting-edge lighting in many industries. Commercial lighting is increasingly important to enhance aesthetics and illuminate buildings, public spaces, roadways, and other sites. The demand for and growth of the regional market would thus increase during the projection period due to significant government support.
The China market dominated the Asia Pacific Lamps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $624.7 million by 2030. The Japan market is poised to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The India market would register a CAGR of 6% during (2023 - 2030).
Based on Product, the market is segmented into Desk Lamp, and Floor Lamp. Based on Type, the market is segmented into Decorative Lamp, and Reading Lamp. Based on Application, the market is segmented into Commercial/Hospitality, and Residential/Retail. 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 Lamps Market is Projected to reach USD 6.5 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Koninklijke Philips N.V., Stanley Electric Co. Ltd., ams-OSRAM AG, General Electric Company, Toshiba Corporation, Siemens AG, Samsung Electronics Co., Ltd. (Samsung Group), OPPLE Lighting Co Ltd., and Maxlite, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Type
- Decorative Lamp
- Reading Lamp
By Application
- Commercial/Hospitality
- Residential/Retail
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Koninklijke Philips N.V.
- Stanley Electric Co. Ltd.
- ams-OSRAM AG
- General Electric Company
- Toshiba Corporation
- Siemens AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- OPPLE Lighting Co Ltd.
- Maxlite, 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 Lamps Market, by Product
1.4.2 Asia Pacific Lamps Market, by Type
1.4.3 Asia Pacific Lamps Market, by Application
1.4.4 Asia Pacific Lamps Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. Asia Pacific Lamps Market by Product
4.1 Asia Pacific Desk Lamp Market by Country
4.2 Asia Pacific Floor Lamp Market by Country
Chapter 5. Asia Pacific Lamps Market by Type
5.1 Asia Pacific Decorative Lamp Market by Country
5.2 Asia Pacific Reading Lamp Market by Country
Chapter 6. Asia Pacific Lamps Market by Application
6.1 Asia Pacific Commercial/Hospitality Market by Country
6.2 Asia Pacific Residential/Retail Market by Country
Chapter 7. Asia Pacific Lamps Market by Country
7.1 China Lamps Market
7.1.1 China Lamps Market by Product
7.1.2 China Lamps Market by Type
7.1.3 China Lamps Market by Application
7.2 Japan Lamps Market
7.2.1 Japan Lamps Market by Product
7.2.2 Japan Lamps Market by Type
7.2.3 Japan Lamps Market by Application
7.3 India Lamps Market
7.3.1 India Lamps Market by Product
7.3.2 India Lamps Market by Type
7.3.3 India Lamps Market by Application
7.4 South Korea Lamps Market
7.4.1 South Korea Lamps Market by Product
7.4.2 South Korea Lamps Market by Type
7.4.3 South Korea Lamps Market by Application
7.5 Singapore Lamps Market
7.5.1 Singapore Lamps Market by Product
7.5.2 Singapore Lamps Market by Type
7.5.3 Singapore Lamps Market by Application
7.6 Malaysia Lamps Market
7.6.1 Malaysia Lamps Market by Product
7.6.2 Malaysia Lamps Market by Type
7.6.3 Malaysia Lamps Market by Application
7.7 Rest of Asia Pacific Lamps Market
7.7.1 Rest of Asia Pacific Lamps Market by Product
7.7.2 Rest of Asia Pacific Lamps Market by Type
7.7.3 Rest of Asia Pacific Lamps Market by Application
Chapter 8. Company Profiles
8.1 Panasonic Holdings Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Koninklijke Philips N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Stanley Electric Co. Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 SWOT Analysis
8.4 ams-OSRAM AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Toshiba Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research and Development Expense
8.6.5 SWOT Analysis
8.7 Siemens AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Samsung Electronics Co., Ltd. (Samsung Group)
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 SWOT Analysis
8.9 OPPLE Lighting Co Ltd.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Maxlite, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
8.10.3 SWOT Analysis
TABLE 1 Asia Pacific Lamps Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Lamps Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Lamps Market by Product, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Lamps Market by Product, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Desk Lamp Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Desk Lamp Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Floor Lamp Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Floor Lamp Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Lamps Market by Type, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Lamps Market by Type, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Decorative Lamp Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Decorative Lamp Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Reading Lamp Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Reading Lamp Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Lamps Market by Application, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Lamps Market by Application, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Commercial/Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Commercial/Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Residential/Retail Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Residential/Retail Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Lamps Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Lamps Market by Country, 2023 - 2030, USD Million
TABLE 23 China Lamps Market, 2019 - 2022, USD Million
TABLE 24 China Lamps Market, 2023 - 2030, USD Million
TABLE 25 China Lamps Market by Product, 2019 - 2022, USD Million
TABLE 26 China Lamps Market by Product, 2023 - 2030, USD Million
TABLE 27 China Lamps Market by Type, 2019 - 2022, USD Million
TABLE 28 China Lamps Market by Type, 2023 - 2030, USD Million
TABLE 29 China Lamps Market by Application, 2019 - 2022, USD Million
TABLE 30 China Lamps Market by Application, 2023 - 2030, USD Million
TABLE 31 Japan Lamps Market, 2019 - 2022, USD Million
TABLE 32 Japan Lamps Market, 2023 - 2030, USD Million
TABLE 33 Japan Lamps Market by Product, 2019 - 2022, USD Million
TABLE 34 Japan Lamps Market by Product, 2023 - 2030, USD Million
TABLE 35 Japan Lamps Market by Type, 2019 - 2022, USD Million
TABLE 36 Japan Lamps Market by Type, 2023 - 2030, USD Million
TABLE 37 Japan Lamps Market by Application, 2019 - 2022, USD Million
TABLE 38 Japan Lamps Market by Application, 2023 - 2030, USD Million
TABLE 39 India Lamps Market, 2019 - 2022, USD Million
TABLE 40 India Lamps Market, 2023 - 2030, USD Million
TABLE 41 India Lamps Market by Product, 2019 - 2022, USD Million
TABLE 42 India Lamps Market by Product, 2023 - 2030, USD Million
TABLE 43 India Lamps Market by Type, 2019 - 2022, USD Million
TABLE 44 India Lamps Market by Type, 2023 - 2030, USD Million
TABLE 45 India Lamps Market by Application, 2019 - 2022, USD Million
TABLE 46 India Lamps Market by Application, 2023 - 2030, USD Million
TABLE 47 South Korea Lamps Market, 2019 - 2022, USD Million
TABLE 48 South Korea Lamps Market, 2023 - 2030, USD Million
TABLE 49 South Korea Lamps Market by Product, 2019 - 2022, USD Million
TABLE 50 South Korea Lamps Market by Product, 2023 - 2030, USD Million
TABLE 51 South Korea Lamps Market by Type, 2019 - 2022, USD Million
TABLE 52 South Korea Lamps Market by Type, 2023 - 2030, USD Million
TABLE 53 South Korea Lamps Market by Application, 2019 - 2022, USD Million
TABLE 54 South Korea Lamps Market by Application, 2023 - 2030, USD Million
TABLE 55 Singapore Lamps Market, 2019 - 2022, USD Million
TABLE 56 Singapore Lamps Market, 2023 - 2030, USD Million
TABLE 57 Singapore Lamps Market by Product, 2019 - 2022, USD Million
TABLE 58 Singapore Lamps Market by Product, 2023 - 2030, USD Million
TABLE 59 Singapore Lamps Market by Type, 2019 - 2022, USD Million
TABLE 60 Singapore Lamps Market by Type, 2023 - 2030, USD Million
TABLE 61 Singapore Lamps Market by Application, 2019 - 2022, USD Million
TABLE 62 Singapore Lamps Market by Application, 2023 - 2030, USD Million
TABLE 63 Malaysia Lamps Market, 2019 - 2022, USD Million
TABLE 64 Malaysia Lamps Market, 2023 - 2030, USD Million
TABLE 65 Malaysia Lamps Market by Product, 2019 - 2022, USD Million
TABLE 66 Malaysia Lamps Market by Product, 2023 - 2030, USD Million
TABLE 67 Malaysia Lamps Market by Type, 2019 - 2022, USD Million
TABLE 68 Malaysia Lamps Market by Type, 2023 - 2030, USD Million
TABLE 69 Malaysia Lamps Market by Application, 2019 - 2022, USD Million
TABLE 70 Malaysia Lamps Market by Application, 2023 - 2030, USD Million
TABLE 71 Rest of Asia Pacific Lamps Market, 2019 - 2022, USD Million
TABLE 72 Rest of Asia Pacific Lamps Market, 2023 - 2030, USD Million
TABLE 73 Rest of Asia Pacific Lamps Market by Product, 2019 - 2022, USD Million
TABLE 74 Rest of Asia Pacific Lamps Market by Product, 2023 - 2030, USD Million
TABLE 75 Rest of Asia Pacific Lamps Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Lamps Market by Type, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Lamps Market by Application, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Lamps Market by Application, 2023 - 2030, USD Million
TABLE 79 Key Information – Panasonic Holdings Corporation
TABLE 80 Key Information – Koninklijke Philips N.V.
TABLE 81 Key Information – Stanley Electric co. ltd.
TABLE 82 Key Information – ams-OSRAM AG
TABLE 83 Key Information – General Electric Company
TABLE 84 Key Information – Toshiba Corporation
TABLE 85 Key Information – Siemens AG
TABLE 86 Key Information – Samsung Electronics Co., Ltd.
TABLE 87 Key Information – opple lighting co ltd.
TABLE 88 Key Information – Maxlite, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Lamps Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Lamps Market
FIG 4 Porter’s Five Force Analysis: Lamps market
FIG 5 Asia Pacific Lamps Market share by Product, 2022
FIG 6 Asia Pacific Lamps Market share by Product, 2030
FIG 7 Asia Pacific Lamps Market by Product, 2019 - 2030, USD Million
FIG 8 Asia Pacific Lamps Market share by Type, 2022
FIG 9 Asia Pacific Lamps Market share by Type, 2030
FIG 10 Asia Pacific Lamps Market by Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Lamps Market share by Application, 2022
FIG 12 Asia Pacific Lamps Market share by Application, 2030
FIG 13 Asia Pacific Lamps Market by Application, 2019 - 2030, USD Million
FIG 14 Asia Pacific Lamps Market share by Country, 2022
FIG 15 Asia Pacific Lamps Market share by Country, 2030
FIG 16 Asia Pacific Lamps Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Panasonic Holdings Corporation
FIG 18 SWOT Analysis: Koninklijke Philips N.V.
FIG 19 SWOT Analysis: Stanley Electric Co. Ltd
FIG 20 SWOT Analysis: ams-OSRAM AG
FIG 21 SWOT Analysis: General electric (GE) Co.
FIG 22 SWOT Analysis: Toshiba Corporation
FIG 23 SWOT Analysis: Siemens AG
FIG 24 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 25 SWOT Analysis: OPPLE Lighting Co Ltd
FIG 26 SWOT Analysis: Maxlite, Inc