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The Asia Pacific Smart Lighting Market would witness market growth of 22.1% CAGR during the forecast period (2017 - 2023). Growing adoption of smart lightings in commercial, infrastructural, automobile and industrial sectors, presence of several lighting majors, availability of novel technologies, and stringent regulations pertaining to energy efficiency, among others, are the major factors that would drive the market growth in the developed regions.
Asia Pacific would be the fastest growing market, driven due to rapid adoption of energy-efficient smart lighting solutions in China. Smart lighting has accelerated the speed of innovation and has led to rapid adoption of the technology within home automation. Based on Communication Technology, the market report segments the market into Wired and Wireless.
The Wired Communication Technology includes Digital Addressable Lighting Interface, Power-Line Communication, Power Over Ethernet, and Others. The Wireless Market is segmented into Wi-Fi, Bluetooth, Zigbee, Enocean, and Others. Based on Component, the Smart Lighting market segments the market into Hardware, Software, and Services. The Hardware market is segmented into Lights & Luminaires and Lighting Controls. The Lighting controls market is further segmented into LED Drivers & Ballasts, Sensors, Switches & Dimmers, Relay Units, and Gateways.
Based on Application, the market report segments the market into Commercial, Industrial, Highways & Roadways, Public Places, Residential, and Others. Based on Countries, the Smart Lighting market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the competition analysis of key stakeholders of the Asia Pacific Smart Lighting Market. Key companies profiled in the report include Cree, Inc., Koninklijke Philips N.V. (Philips Lighting), Honeywell International, Inc., Wipro Limited (Wipro Consumer Care and Lighting), Acuity Brands, Inc., Eaton Corporation Plc., Legrand S.A., General Electric, Osram Licht AG, and Streetlight. Vision.