Asia-Pacific (APAC) LED Lighting Market Summary, Competitive Analysis and Forecast to 2027
Summary
LED Lighting in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- LED lamps or luminaires are long-lasting and provide quality lighting than fluorescent or compact fluorescent or halogen incandescent or incandescent light bulbs. In LED lighting, LEDs are incorporated into lamps and luminaires for general lighting purposes. Both indoor and outdoor LED lightings are in our scope. Indoor LED lighting includes A-Type, decorative, directional, small directional, downlighting, linear fixture, and low/high bay. Outdoor LED lighting scope includes street/roadway, parking garage, parking lot, and building exterior.
- The Asia-Pacific LED lighting market had total revenues of $26.7 billion in 2022, representing a compound annual growth rate (CAGR) of 8.6% between 2017 and 2022.
- The residential segment accounted for the market's largest proportion in 2022, with total revenues of $12.1 billion, equivalent to 45.5% of the market's overall value.
- The growth of the market in 2022 is attributed to the growing residential and non-residential construction, huge energy savings, durability and long life over incandescent light bulbs, and better light quality than other types of lighting.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the led lighting market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the led lighting market in Asia-Pacific
- Leading company profiles reveal details of key led lighting market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific led lighting market with five year forecasts by both value and volume
- What was the size of the Asia-Pacific led lighting market by value in 2022?
- What will be the size of the Asia-Pacific led lighting market in 2027?
- What factors are affecting the strength of competition in the Asia-Pacific led lighting market?
- How has the market performed over the last five years?
- Who are the top competitors in Asia-Pacific's led lighting market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do leading players follow?
- 7.3. What are the strengths of leading players?
- 7.4. What is the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. Signify NV
- 8.2. OSRAM Licht AG
- 8.3. Nichia Corporation
- 8.4. Crompton Greaves Consumer Electricals Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Asia-Pacific led lighting market value: $ million, 2017-22
- Table 2: Asia-Pacific led lighting market category segmentation: % share, by value, 2017-2022
- Table 3: Asia-Pacific led lighting market category segmentation: $ million, 2017-2022
- Table 4: Asia-Pacific led lighting market geography segmentation: $ million, 2022
- Table 5: Asia-Pacific led lighting market value forecast: $ million, 2022-27
- Table 6: Signify NV: key facts
- Table 7: Signify NV: annual financial ratios
- Table 8: Signify NV: key employees
- Table 9: OSRAM Licht AG: key facts
- Table 10: OSRAM Licht AG: annual financial ratios
- Table 11: OSRAM Licht AG: key employees
- Table 12: Nichia Corporation: key facts
- Table 13: Crompton Greaves Consumer Electricals Ltd: key facts
- Table 14: Crompton Greaves Consumer Electricals Ltd: annual financial ratios
- Table 15: Crompton Greaves Consumer Electricals Ltd: key employees
- Table 16: Asia-Pacific exchange rate, 2018-22
- List of Figures
- Figure 1: Asia-Pacific led lighting market value: $ million, 2017-22
- Figure 2: Asia-Pacific led lighting market category segmentation: $ million, 2017-2022
- Figure 3: Asia-Pacific led lighting market geography segmentation: % share, by valu
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook