The Asia Pacific Smart Lighting Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Asia Pacific Smart Lighting Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. Asia Pacific smart lighting market is projected to reach a valuation of US$ 11,159.4 million by 2030 from an estimated revenue of US$ 4,332.0 million in 2022 at a CAGR of 12.6% during the forecast period 2023–2030.
The report gives a thorough analysis of the Asia Pacific Smart Lighting Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
Some of the key players in the Asia Pacific smart lighting market are Syska, Koninklijke Philips N.V. (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and GE Lighting among others.
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Asia Pacific Smart Lighting Market includes
- Custom Lights
- Lighting Controls
- Drivers & Ballasts
- Software Tools/Apps
- Consultation, Design & Integration
- Lighting as a Service
By Network Technology
By Light Source
- Fluorescent Lamps (FL)
- LED Lamps
- Compact Fluorescent Lamps
- High Intensity Discharge Lamps (HID)
By Installation Type
- New Installation Types
- Retrofit Installation Types
- Architectural Lighting
- Street Lighting
- Public Infrastructure
- South Korea
- Australia & New Zealand
- Rest of ASEAN
- Rest of Asia Pacific
Overall, Astute Analytica’s report on the Asia Pacific Smart Lighting Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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