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Asia Pacific Luminaires Market

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    Report

  • 331 Pages
  • December 2023
  • Region: Asia Pacific
  • Astute Analytica
  • ID: 5969522
Description Jump to:

Asia Pacific Luminaires Market: Set to Soar to US$ 80.9 Bn by 2030 with a CAGR of 15.50%

The Asia Pacific luminaires market is on a rapid growth trajectory, with its value projected to leap from US$ 26.4 Bn in 2022 to US$ 80.9 Bn by 2030, marking an impressive CAGR of 15.50%. This robust growth is reflected in the market volume which stood at 3,670 million units in 2022.

Growth Influencers:

Key drivers of this growth include the rising adoption of LED lighting, ongoing innovations in lighting fixtures, and favorable government policies promoting energy-efficient lighting. However, the market faces challenges due to high initial costs and the development of alternative lighting technologies.

Segment Overview:

The market is segmented based on fixture type, mounting type, application, end-user, and distribution channel.

By Fixture Type

  • Direct Lights
  • Downlights
  • Accent Lights
  • Indirect Lights

By Mounting Type

  • Ceiling Mounted
  • Suspended
  • Recessed
  • Architectural
  • Wall Mounted
  • Furniture or Cabinet Integrated
  • Plug-in
  • Exterior

By Application

  • Indoor
  • Outdoor

By End User

  • Commercial Offices
  • Industrial
  • Retail
  • Hospitality
  • Highway and Roadway
  • Architectural
  • Public Places
  • Factories
  • Hospitals
  • Automotive
  • Residential

By Distribution Channel

  • Direct Sales
  • Wholesale Retail
  • Online Stores
Downlights are showing the highest growth with a CAGR of 15.7%. Ceiling mounted fixtures dominate with over 20% market share in 2022, while the exterior segment is expected to grow the fastest. Indoor applications are projected to surpass US$ 55.0 Bn by 2030. The industrial segment, encompassing various sectors, holds the largest market share, and online stores are maintaining the highest CAGR of 16.8%.

Regional Overview:

Based on country Asia Pacific region divided into:

  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
China leads the region with over 35% market share in 2022, while India is witnessing the fastest growth with a CAGR of over 16%. Other significant contributors include Japan, Australia & New Zealand, and ASEAN countries.

Company Profile:

The market is characterized by the presence of key players like Acuity Brands Inc., Eaton, Wolfspeed, and General Electric Company, collectively holding a market share of nearly 15%. These companies are pivotal in shaping market trends and innovations.

Report Insights:

  • The Asia Pacific luminaires market is expected to reach US$ 80.9 Bn by 2030.
  • LED lighting adoption and innovations in fixtures drive the market.
  • The industrial sector and online sales channels are significant growth areas.
  • China and India are key contributors to the market's expansion.

Questions to be Answered:

  • What are the key factors driving the Asia Pacific luminaires market?
  • Which segments are witnessing the highest growth in the market?
  • How are different countries within Asia Pacific contributing to the market?
  • What role do major companies play in the market dynamics?

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Asia Pacific Luminaires Market
Chapter 4. Asia Pacific Luminaires Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Material Provider
4.1.2. Manufacturer
4.1.3. Distribution
4.1.4. End User
4.2. Industry Outlook
4.2.1. Luminaires Adoption Rate
4.2.2. Advantages of Using LED Lights in Industrial Sector
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. COVID-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2017 - 2030
4.7.2. Market Volume Estimates and Forecast (Mn Units), 2017 - 2030
4.7.3. Price Trend Analysis, By Product
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2020
4.8.3. Competitor Mapping
Chapter 5. Luminaires Market Analysis, By Fixture Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Units)
5.2.1. Direct Light
5.2.2. Down Light
5.2.3. Accent Light
5.2.4. Indirect Light
Chapter 6. Luminaires Market Analysis, By Mounting Type
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
6.2.1. Ceiling Mounted
6.2.2. Suspended
6.2.3. Recessed
6.2.4. Architectural
6.2.5. Wall Mounted
6.2.6. Furniture or Cabinet Integrated
6.2.7. Plug-in
6.2.8. Exterior
Chapter 7. Luminaires Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Units)
7.2.1. Indoor
7.2.2. Outdoor
Chapter 8. Luminaires Market Analysis, By End use
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
8.2.1. Commercial Offices
8.2.2. Industrial
8.2.2.1. Retail
8.2.2.2. Hospitality
8.2.2.3. Highway and Roadway
8.2.2.4. Architectural
8.2.2.5. Public Places
8.2.2.6. Factories
8.2.2.7. Hospitals
8.2.2.8. Automotive
8.2.3. Residential
Chapter 9. Luminaires Market Analysis, By Distribution Channel
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Units)
9.2.1. Direct Sales
9.2.2. Wholesale Retail
9.2.3. Online Stores
Chapter 10. Luminaires Market Analysis, By Country
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Units)
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. Australia & New Zealand
10.2.5. ASEAN
10.2.5.1. Singapore
10.2.5.2. Vietnam
10.2.5.3. Thailand
10.2.5.4. Philippines
10.2.5.5. Indonesia
10.2.5.6. Malaysia
10.2.5.7. Rest of ASEAN
10.2.6. Rest of Asia Pacific
Chapter 11. China Luminaires Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
11.2.1. By Fixture Type
11.2.2. By Mounting Type
11.2.3. By Application
11.2.4. By End Use
11.2.5. By Distribution Channel
Chapter 12. India Luminaires Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
12.2.1. By Fixture Type
12.2.2. By Mounting Type
12.2.3. By Application
12.2.4. By End Use
12.2.5. By Distribution Channel
Chapter 13. Singapore Luminaires Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
13.2.1. By Fixture Type
13.2.2. By Mounting Type
13.2.3. By Application
13.2.4. By End Use
13.2.5. By Distribution Channel
Chapter 14. Vietnam Luminaires Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
14.2.1. By Fixture Type
14.2.2. By Mounting Type
14.2.3. By Application
14.2.4. By End Use
14.2.5. By Distribution Channel
Chapter 15. Thailand Luminaires Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
15.2.1. By Fixture Type
15.2.2. By Mounting Type
15.2.3. By Application
15.2.4. By End Use
15.2.5. By Distribution Channel
Chapter 16. Philippines Luminaires Market Analysis
16.1. Key Insights
16.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
16.2.1. By Fixture Type
16.2.2. By Mounting Type
16.2.3. By Application
16.2.4. By End Use
16.2.5. By Distribution Channel
Chapter 17. Indonesia Luminaires Market Analysis
17.1. Key Insights
17.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
17.2.1. By Fixture Type
17.2.2. By Mounting Type
17.2.3. By Application
17.2.4. By End Use
17.2.5. By Distribution Channel
Chapter 18. Malaysia Luminaires Market Analysis
18.1. Key Insights
18.2. Market Size and Forecast, 2017 - 2030 (US$ Bn and Mn Units)
18.2.1. By Fixture Type
18.2.2. By Mounting Type
18.2.3. By Application
18.2.4. By End Use
18.2.5. By Distribution Channel
Chapter 19. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
19.1. Acuity Brands Inc.
19.2. Eaton
19.3. Wolfspeed
19.4. Dialight PLC
19.5. General Electric Company
19.6. Heliospectra AB
19.7. Hubbell Incorporated
19.8. Nichia Corporation
19.9. OSRAM GmbH
19.10. Panasonic Corporation
19.11. Phillips Lighting Holding B.V.
19.12. Samsung
19.13. Savant Systems Inc.
19.14. Sharp Corporation
19.15. Virtual Extension
19.16. Zumtobel Group AG

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acuity Brands Inc.
  • Eaton
  • Wolfspeed
  • Dialight PLC
  • General Electric Company
  • Heliospectra AB
  • Hubbell Incorporated
  • Nichia Corporation
  • OSRAM GmbH
  • Panasonic Corporation
  • Phillips Lighting Holding B.V.
  • Samsung
  • Savant Systems Inc.
  • Sharp Corporation
  • Virtual Extension
  • Zumtobel Group AG

Table Information

Report AttributeDetails
No. of Pages331
PublishedDecember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 26.4 Billion
Forecasted Market Value ( USD ) by 2030 $ 80.9 Billion
Compound Annual Growth Rate15.5%
Regions CoveredAsia Pacific

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About the Luminaires Market

The Luminaires market is a segment of the Lighting Equipment industry that focuses on the production and sale of luminaires, which are lighting fixtures that contain the light source and are designed to distribute the light in a specific manner. Luminaires are used in a variety of applications, including residential, commercial, industrial, and outdoor lighting. They are available in a range of styles, sizes, and materials, and can be powered by a variety of sources, including electricity, solar, and batteries. The Luminaires market is highly competitive, with a wide range of manufacturers offering products to meet the needs of different customers. Companies in the market include Philips Lighting, Osram, Acuity Brands, Hubbell Lighting, Zumtobel Group, and Cree. Show Less Read more

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