The highways and roadways market is expected to hold the majority share of the APAC smart lighting market by 2024 due to the growing emphasis on establishing smart street lighting networks for reducing a major proportion of power consumption by street lighting systems.
Pune, Maharashtra -- (SBWIRE) -- 02/26/2019 -- The APAC Smart Lighting Market growth is attributed to the growing awareness regarding the benefits of energy-efficient lighting systems to meet the energy security challenges in the developing countries in the region. The government initiatives for offering cost-effective lighting solutions for the residential sector are expected to increase the demand for smart lighting solutions in the region over the forecast period.
Graphical Research has compiled an exhaustive research study of the Asia Pacific Smart Lighting Market, detailing every single market driver and intricately analyzing the business vertical. This APAC Smart Lighting Market study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share and revenue predictions.
Request for a sample of this research report @ https://www.graphicalresearch.com/request/1014/sample
Asia Pacific Smart Lighting Market analysis based on Component, Technology, Lighting Source, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024, Estimated to reach USD 6 billion by 2024
The light controls segment held a majority share of around 50% in the Asia Pacific smart lighting product market in 2017. The technological advancements in controls such as sensors, switches and routers, and LED drivers are expected to fuel the market growth during the forecast period. The sensors segment is expected to register the fastest growth between 2018 and 2024 due to the modern sensor technologies employed in smart lighting solutions to add enhanced control features for customers. The routers & gateways segment is projected to hold a majority share of the Asia Pacific smart lighting market by 2024.
India is expected to witness the fastest growth in the Asia Pacific smart lighting market at a CAGR of around 30% between 2018 and 2024. India's energy consumption is anticipated to grow at 4.2 percent per year till 2035, which is faster than that of all the developed economies globally. India is the second largest energy consumer in Asia since 2008 with around 35 million street lights installed consuming 3,400 megawatts of energy. The demand for smart lighting systems in the country is expected to grow steadily over the forecast timeline.
Browse key industry insights from this 2018 report Asia Pacific Smart Lighting Market in detail along with the table of contents at:
https://www.graphicalresearch.com/industry-insights/1014/asia-pacific-smart-lighting-market
Some of the key vendors in the Asia Pacific smart lighting market are GE Lighting, Silver Spring Networks, Schneider Electric, Cooper Industries (Eaton), Acuity Brands, Zumtobel, Cree, Bridgelux, Hubbell, Tvilight, and Philips Lighting.
Segments We Cover:
Asia Pacific Smart Lighting Market, By Component
Product, Technology
Asia Pacific Smart Lighting Market, By Lighting Source
LED, Fluorescent Lamp, CFL, HIDL
Asia Pacific Smart Lighting Market, By Application
Indoor Lighting, Outdoor Lighting
The above information has been provided for the following countries:
U.S., Canada, China, India, Japan, South Korea, Australia & New Zealand (ANZ), Singapore, Taiwan
Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1014/inquiry-before-buying
Related Reports:
1. North America Smart Lighting Market Size By Component, By Lighting Source (LED, Fluorescent Lamp, CFL (Compact Fluorescent Light), HIDL (High Intensity Discharge Lamp), By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
2. Europe Smart Lighting Market Size By Component (Product [Luminaires {Smart Bulbs, Fixtures}, Light Control {Sensors, Switches & Dimmers, Relays, Router & Gateways, LED Driver & Ballasts}], Technology [Wired {PLC (Power Line Control), PoE (Power over Ethernet), DALI (Digital Addressable Lighting Interface), Hybrid}, Wireless {Bluetooth, Zigbee, Wi-Fi, EnOcean, Hybrid}]), By Lighting Source, By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Spain, Netherlands), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
About Graphical Research
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.