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APAC outdoor lighting market

The Asia-Pacific (APAC) outdoor lighting market growth is propelled by factors such as swindling prices of light-emitting diodes (LEDs), increasing number of smart cities, and rising government initiatives toward energy conservation. These drivers will drive the market at an 11.1% CAGR during 2019u20132024 (forecast period). The market generated $5.6 billion in 2018 and it is set to reach $10.6 billion by 2024. Currently, the market is observing a trend of using solar power for powering street lights. The solar street lights are suitable for remote areas where electricity is scarce.

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APAC outdoor lighting market

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  1. © Prescient & Strategic (P&S)Intelligence Pvt.Ltd. All rights reserved 1 Cost-EffectivenessofLEDsDrivesAPACOutdoorLightingMarketGrowth

  2. TheAsia-Pacific (APAC) outdoor lighting marketgrowthispropelledbyfactorssuchasswindlingpricesoflight-emittingdiodes(LEDs),increasingnumberofsmartcities,andrisinggovernmentinitiativestowardenergyconservation.Thesedriverswilldrivethemarketatan11.1%CAGRduring2019–2024(forecastperiod).Themarketgenerated$5.6billionin2018anditissettoreach$10.6billionby2024.Currently,themarketisobservingatrendofusingsolarpowerforpoweringstreetlights.Thesolarstreetlightsaresuitableforremoteareaswhereelectricityisscarce. OneoftheprimefactorsfuelingtheAPACoutdoorlightingmarketistheincreasingtrafficcongestionintheAPACregion,onaccountoftheburgeoningnumberofpassengervehiclesonroads,duetotherapidurbanizationandthesurgingdisposableincomeofindividuals.Governmentsofseveralregionalcountries,especiallyIndiaandChina,areinstallingoutdoorlightingsystemstoreducetrafficjams.Thesecountriesaremakinghugeinvestmentsonroadinfrastructuredevelopment,therebyleadingtothedevelopmentofnewstreetsandhighways,whichrequirenumerousstreetlights. Requestforsamplecopyofthisreport:https://www.psmarketresearch.com/market-analysis/apac-outdoor-lighting-market/report-sample Moreover,risingadoptionofLEDlightsisalsofacilitatingthemarket,astheseconsumelowenergyandareeconomicalforgovernmentsandbusinesses,inlongterm.Additionally,LEDemergencylightslastlonger,brighter,andlesserfragilethanothertypesoflights.Besides,cost-effectivenessofsuchlampsaddstotheirpopularity.Becauseofsuchadvantages,theselightsarebeinginstalledinsmartcitiesofIndiaandChina.Apartfromsmartcities,metropolitancitiesoftheIndianstateslikeDelhi,Maharashtra,andWestBengalarealsoshiftingtowardLEDlightingsystems. ThecategoriesunderthecomponentsegmentoftheAPACoutdoorlightingmarketincludefixtureandcontrol.In2018,thefixturecategoryheldlargermarketshare,duetotheiracceptanceasoutdoorlightingtechnologytoofferartificiallightthroughfluorescentlightsandLEDsandmassinstallationofsuchlightningsystem,intheregion.Whereas,thecontrolcategorywilldemonstratefastergrowththroughouttheforecastperiod,onaccountoftherobustadvancementsanddevelopmentsinlightingsystemcontrols,primarilyincountriessuchasIndia,China,andJapan. AnotherkeyfactordrivingtheAPACoutdoorlightingmarketistheincreasinggovernmentinitiativestopromoteenergyconservationandenergyefficiency. © Prescient & Strategic (P&S)Intelligence Pvt.Ltd. All rights reserved

  3. Thegovernmentsacrosstheregionareimplementingseveralenergy-efficientplansthatfocusonreducingthermalpollutionandgreenhousegas(GHG)emissions.Forexample,theAustraliangovernmentandtheInstituteofPublicWorksEngineeringAustralasia(IPWEA)togetherintroducedastrategicroadmapforStreetLightingandSmartControlsProgramtopromoteLEDlampstoamplifyenergyefficiency.Thegovernmentsacrosstheregionareimplementingseveralenergy-efficientplansthatfocusonreducingthermalpollutionandgreenhousegas(GHG)emissions.Forexample,theAustraliangovernmentandtheInstituteofPublicWorksEngineeringAustralasia(IPWEA)togetherintroducedastrategicroadmapforStreetLightingandSmartControlsProgramtopromoteLEDlampstoamplifyenergyefficiency. • Browsefullreportathttps://www.psmarketresearch.com/market-analysis/apac-outdoor-lighting-market • TheAPACoutdoorlightingmarketisconsolidated,withthepresenceoffewplayerslikeOsramLichtAG,SignifyN.V.,andAcuityBrandsInc.Thesekeyplayersareinvestingheftyamountstointegrateadvancedtechnologywithenhancedlumensperwatt,coupledwithhigh-energyefficiency,atareducedprice.OthercompaniesinthemarketincludeHubbellIncorporated,CreeInc.,SignifyN.V.,ZumtobelGroupAG,VirtualExtension,OsramLichtAG,Dialightplc,AcuityBrandsInc.,GeneralElectricCompany,EatonCorporationplc,SignifyN.V.,andSyskaLEDLightsPvt.Ltd. • Withthegrowingchaosonroadsandtheincreasingnumberofsmartcities,theinstallationofoutdoorlightingsystemswillamplifyintheforeseeablefuture. • MarketSizeBreakdownbySegmentMarketSegmentationbyLightingType • HIDLamps • LEDLights • FluorescentLights • PlasmaLamps • MarketSegmentationbyComponent • Fixture • Control • MarketSegmentationbyApplication • StreetLighting • Highways • ParkingLots • Stadiums • TunnelLights • Others(Gardens,Parks,BusinessParks,andAgriculture) • MarketSegmentationbyDistributionChannel • Commercial © Prescient & Strategic (P&S)Intelligence Pvt.Ltd. All rights reserved

  4. Retail • MarketSegmentationbyCountry • ChinaOutdoorLightingMarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel • IndiaOutdoorLightingMarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel • JapanOutdoorLightingMarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel • SouthKoreaOutdoorLightingMarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel • AustraliaOutdoorLightingMarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel • RestofAsia-Pacificoutdoorlightingmarket • BylightingtypeoBycomponentoByapplication • Bydistributionchannel © Prescient & Strategic (P&S)Intelligence Pvt.Ltd. All rights reserved

  5. © Prescient & Strategic (P&S)Intelligence Pvt.Ltd. All rights reserved 5 Disclaimer: P&SIntelligencealwayskeeps its customers’ interests at the core while carrying out research activities.P&SIntelligenceensuresthereliabilityandaccuracyofinformationanddataprovidedinitsmarketresearchpublications.However,theinformationinpublicationsissubjecttofluctuations,asitisbasedonprimaryinterviewsofofficialsfromvariouscompaniesororganizations.P&SIntelligenceisnotresponsibleforanyincorrectdataprovidedbythekeyindustryplayersoftheconcerneddomain.TheinformationoranalysisinP&SIntelligencepublicationsrepresentsopinionsbasedonresearchandshouldnotbeinterpretedasstatementsoffact.Informationinthisreportwasbelievedtobecorrectatthetimeofpublication,butcannotbeguaranteed.P&SIntelligencedoesnotendorseanyproduct,service,orvendordepictedinitsresearchpublications. Allintellectualproperties,includingtrademarksandcopyrights,belongtotheirrespectiveownersandmaybeprotectedbycopyright.Undernocircumstancecanthesebereproducedinanyformwithoutpriorwrittenagreementoftheirowners. Anorderformarketresearchreportisintendedforinternaluseofthecompanyonlyandnotfordisclosuretothirdpartiesoranyotherpublicationingeneral.Noservice,report,orpartthereofprovidedbyP&SIntelligencecanbereproduced,republished,resold,revealed,distributed,circulated,orsublicensedinanymediumorformnowrealizedorhereafterbecomerealized,includingbutnotlimitedto,allformsofoptical-basedmedia,magnetic,electronic,ordigital,withoutawrittenpermissionfromPrescient&StrategicIntelligencePvt. Kindlywriteto:enquiry@psmarketresearch.com B-13,Sector– 2,Noida,U.P.– 201301,INDIA ContactNo:+911204541337 US/CanadaToll-Free:1-888-778-7886

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