. . <div id = 'csse_post_div' style = 'text-align: ??? – 2025. This report is extremely informative as it has the overall market analysis of the major companies in the Asia Pacific Smart Lighting industry. With the classified Asia Pacific Smart Lighting market research based on various growth regions, this report offers a portfolio of leading players as well as sales, growth, market share and so on.
The growth of the smart lighting market in the Asia-Pacific region is driven by a growing awareness of the benefits of using energy efficient lighting systems to address energy security challenges in the region’s developing countries. Government initiatives to offer low-cost residential lighting solutions are likely to increase demand for intelligent lighting solutions in the region over the forecast period. The Asia-Pacific smart lighting market will grow to over 6 billion by 2024. USD estimated.
The lighting control segment held a majority share of around 50% in the market for intelligent lighting products in the Asia-Pacific region in 2017. Technological advances in controls such as sensors, switches and routers as well as LED drivers are likely to fuel market growth over the forecast period. The sensor segment is expected to see the fastest growth between 2018 and 2024 as advanced sensor technologies are used in smart lighting solutions to add advanced control capabilities to customers. The & gateway segment for routers is expected to hold a majority share of the smart lighting market in Asia Pacific through 2024.
India is expected to have the fastest growth in the Asia-Pacific smart lighting market between 2018 and 2024 with an annual growth rate of around 30%. India’s energy consumption is expected to increase by 4. 2 percent per year by 2035, which is faster than that of any industrialized country worldwide. India is the second largest energy consumer in Asia since 2008 with around 35 million street lights installed, the 3rd. Consume 400 megawatts of energy. The demand for intelligent lighting systems in the country is expected to grow steadily over the forecast period.
Some of the key suppliers 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.
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