In the upcoming years, the Asia-Pacific (APAC) outdoor lighting market will reach a sizeable value. This is related to the expansion of government programs encouraging energy saving and the creation of intelligent outdoor lighting systems using LED technology. The increasing count of smart city initiatives in the APAC region is opening up several prospects for industry participants.
One of the trustworthy options for lighting street lights has been solar energy. It is appropriate for rural places where standard methods of energy transmission are impractical. In addition, governments offer subsidies and other incentives to end users and suppliers of solar components to boost the usage of solar energy in nations like China and India.
One of the main causes of traffic gridlock in the APAC is an increase in the number of passenger vehicles, which is fueled by an increase in urbanization and disposable income. Governments in several nations, namely China and India, are investing in the construction of road infrastructure to lessen traffic bottlenecks. As a result, this is one of the primary factors influencing the construction of new roads and streets, which in turn increases the need for outdoor light sources.
Get More Insights: Asia-Pacific Outdoor Lighting Market Segmentation Analysis Report
The expansion of the Asia-Pacific outdoor lighting market is also being aided by the rising use of LED lighting. This is because, in contrast to previous lighting technologies, LED lights to use less energy and are long-term cost-effective for businesses.
Additionally, compared to other types of lights, LED lights and sirens have a significantly longer lifespan, are less brittle, and are much brighter. Additionally, the cost of LED bulbs is falling, which has increased the demand for such lights. As a consequence, more LED lights are being used for outdoor illumination, which is assisting the industry’s expansion in the APAC.
LED lights, fluorescent lights, high-intensity discharge (HID) lamps, and plasma lamps are the different categories of lighting in the industry. The category of LED lights is predicted to have the highest revenue share of all of them, and China historically supplied the most revenue share to the Asia-Pacific outdoor lighting sector.
This is due to LEDs becoming more and more prevalent as a source of light in outdoor light sources including stadiums, parking lots, and street lighting. Because LED lights make it possible to employ light intensity settings effectively and boost the potential for energy savings, demand for them is rising.
The fixture and control segments make up the Asia-Pacific outdoor lighting industry. The category of fixtures is thought to hold the largest revenue proportion. This is due to the use of outdoor lighting technologies and the widespread installation of various lighting systems to provide artificial light.
In contrast, a faster CAGR is anticipated for the control category in the next few years. This is a result of the quick development and improvements in lighting system controls, especially in China, Japan, and India.
