The Asia Pacific Lighting Control System Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030).
The usage of smart lighting regulating systems has expanded due to greater connectivity and technological advances. ZigBee and Bluetooth wireless technologies have streamlined the installation of smart lighting control systems in various locations. Additionally, the idea of smart cities is spreading throughout various regions, and numerous government programs promote this movement. Since a connected system makes up a smart city, automated lighting systems are necessary for general lighting applications. Sensor-based control systems are used in these automated lighting systems. These systems have several uses in many industries, including aviation, cars, home appliances, etc. Smart lighting controls are being used more commonly to reduce energy usage.
Smart cities largely employ lighting control systems in streetlights and other areas. As number of smart city projects is increasing the market is predicted to grow. The Smart City Mission by the Indian government is one of many initiatives’ governments undertake to encourage smart city development. The Central Government wants to financially support the Smart City Mission in Rs. 48,000 crores over five years, or an average of Rs. 100 crore per city each year. The Smart City Mission would be run as a Centrally Sponsored Scheme (CSS). The State/ULB will have to contribute an equal sum on a matching basis, totalling almost Rs.1 lakh crore in government/ULB funds available to create smart cities.
Over 36.13 crore LED lights have been distributed throughout India as part of the UJALA initiative. This has led to estimated annual energy savings of 46.92 billion kWh, a peak demand reduction of 9,394 MW, and a decrease in greenhouse gas emissions of 38 million t CO2. Energy efficiency market change was brought about through the UJALA project. Beyond the UJALA program, the domestic LED market has expanded tremendously, with industry sales of over 1.15 billion LEDs far exceeding the program's target of 700 million LED unit sales. Numerous regional countries are implementing energy-saving measures, and as LED lighting installations increase, the market in the region is expanding.
The China market dominated the Asia Pacific Lighting Control System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,437.9 million by 2030. The Japan market is estimated to grow at a CAGR of 7.8% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 9.1% during (2023 - 2030).
Based on Application, the market is segmented into Indoor (Commercial, Residential, and Industrial) and Outdoor. Based on Component, the market is segmented into Solution and Services. Based on Technology, the market is segmented into Wired and Wireless (Wi-Fi, Bluetooth, ZigBee, Proprietary, Hybrid and Others). 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 Lighting Control System Market is Projected to reach USD 29.8 Billion by 2030, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Acuity Brands Lighting, Inc., Cree Lighting (Ideal Industries, Inc.), GE Current, a Daintree company, Legrand S.A. (Legrand Group), Eaton Corporation PLC, ams-OSRAM AG, Hubbell Incorporated, Dialight PLC and Lutron Electronics Co., Inc.
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